Stop Limit
Stop orders are submitted on the opposite side of the market than normal Limit orders. A buy stop order is submitted at a price higher than the current best bid but does not fill until that price trades. A sell stop order is submitted at a price lower than the current best offer price.
Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you.
Stop Limit is a stop order in which you place a limit on how many tics from the trigger price you are willing to let the order run.
Setting a Quantity
Enabling your Order Type
Submitting a Buy Stop Limit
Submitting a Sell Stop Limit
Confirming Orders
You can check working orders, fills, and positions by tapping on the appropriate icon in the Monitoring Trading Activity
- Set a volume greater than zero.You can do this by taping the volume box to bring up the number picker.
- Set the Stop Limit order toggle. By tapping the order tool bar and then tap on the SL, and then the SL changes from black to orange. This means the next order submitted will be a stop limit order.
- Tap this box to set the amount of slippage you want to place on your stop.
- Buy Stop Tap in the Bid column above the current market. Once submitted you can long-press hold the order in the MYB column, drag and drop to revise the order.
- Sell Stop Tap in the Offer column below the current market. Once submitted you can long-press hold the order in the MYO column, drag and drop to revise the order.