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Robots Glossary

Limit Order / PlaceLimitOrder

A Limit Order is a pending order to buy (below market) or sell (above market) at a specified price. In cBots, you call the PlaceLimitOrder() method to submit one. The API summary says simply “Place a Limit Order”. For example, PlaceLimitOrder(TradeType.Buy, SymbolName, 1000, 1.2345) places a buy-limit at price 1.2345. The TradeResult return value will contain the pending order details.
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