Join & EARN

FOREX ALGOS { }

Stop Limit Order

A hybrid pending order combining features of a stop order and a limit order. It triggers when a specified stop price is reached, but instead of executing as a market order, it places a limit order at your predetermined price. In cTrader, a stop limit order lets you control entry more precisely: you set the trigger level and the worst acceptable price. Once the stop level is hit, the system will try to fill your order at your limit price or better. If the market moves past the limit price without filling, the order remains unfilled. Stop limit orders thus help avoid the slippage risk of stop orders, at the cost of potentially not getting filled at all if the price moves too fast.