Stop-Limit Order

What is a Stop-Limit Order?
A stop-limit order is a conditional trade over a set timeframe that combines the features of stop with those of a limit order and is used to mitigate risk. The stop-limit order will be executed at a specified price, or better, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a Limit Order to buy or sell at the limit price or better.

How to place a Stop-Limit Order

  1. In the Main Navigation Menu select Orders
  2. Select Order Entry
  3. Select Client ID (Search by ID, Name) and Pair
  4. Enter Quantity of your buy/sell order
  5. In the Order drop down list select Stop Limit
  6. Open Advanced Options and enter the Stop Price
  7. Click Buy or Sell to create the order
  8. Click Confirm Buy Order or Confirm Sell Order to execute 
  9. A notification of this buy/sell order will be displayed on the top right of the screen
    a. Enter the limit price in the Limit Price box.