Stop Market

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.

Note that if the market is moving rapidly you may get filled at a worse price than the one you entered. If you want to prevent this by setting a limit price for the stop then you can do so with the Order Ticket.

Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you.

• Set a volume greater than zero. You can do this by taping the volume box to bring up the number picker.
• Set the Stop Market order toggle. By tapping the order toolbar and then tap on the S, and then the S changes from black to orange. This means the next order submitted will be a stop market order.
• 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.