StopLimitOrder StopLimitRange

amusleh
10 Jun 2022, 10:18

Hi,

Here you can read more about stop limit orders: Stop-Limit Order Definition: Features & Examples (investopedia.com)

Basically they limit the price that your order can be filled, if price goes outside your set limit (StopLimitRange) then the order will not be filled.

In cTrader you set that limit amount in Pips.

acrigney
11 Jun 2022, 13:13

RE:

amusleh said:

Hi,

Here you can read more about stop limit orders: Stop-Limit Order Definition: Features & Examples (investopedia.com)

Basically they limit the price that your order can be filled, if price goes outside your set limit (StopLimitRange) then the order will not be filled.

In cTrader you set that limit amount in Pips.

 

Thanks mate but yes I have read that and I know that not many platforms support stop limit orders, but none of the values we use seem to make any difference.

Can you give me an example say on the DOW? Say you have a 5 pip target, what stop limit range would you typically use? I really don't want to have to use limit orders.

Best Regards,

                       Alistair

amusleh
14 Jun 2022, 09:35

Hi,

Stop Limit order limits the price range that your order can be filled, this is very simple.

When you tested it, was there any instance of getting filled in a worst price than your set limit range?

What kind of difference you are expecting? stop limit order is similar to stop order except it limits the price for filling of your order based on your provided limit range.