Limit Order

Limit Order – A pending order to buy or sell at a specified price (the limit price) or better. A buy limit is placed below the current market price (to enter long at a cheaper price), and a sell limit is placed above the market (to enter short at a higher price). The order will only fill if the market moves to the limit price or better. In code, cTrader’s Automate API provides a PlaceLimitOrder(TradeType, Symbol, volume, price) method. Limit orders give precise price control but may never execute if the market never reaches the limit.

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