Pending Order

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”.)

⬅ Robots Glossary