ios:ios_stop_market_order

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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.

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

Setting a Quantity

Enabling your Order Type

  • 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.
  • ios/ios_stop_market_order.1626699062.txt.gz
  • Last modified: 2023/09/21 19:55
  • (external edit)