Pending Order - An order that waits to be triggered at a specified price. cTrader supports three pending order types: Limit, Stop, and Stop-Limit. A
Limit order executes at a better price (e.g. buy-limit below market), a
Stop order executes at market once price reaches the stop level, and a
Stop-Limit is a stop that becomes a limit order. In cBots, you use
PlaceLimitOrder()
,
PlaceStopOrder()
, or
PlaceStopLimitOrder()
methods to place pending orders. (The help text explains there are “three types of pending orders, namely stop orders, limit orders, and stop limit orders”.)