Support Board

Date/Time: Mon, 16 Sep 2024 20:54:56 +0000

Post From: Stop loss(market) order getting converted into a Stop limit order!

[2024-07-06 16:21:46] Link To Thread - Link To Post [Go To First Post]
User431178 - Posts: 503
@user763335 Are you sure this is not simply a terminology issue? Does the stop order sent to the exchange that converts to a 'stop-limit' not have the limit offset applied at the price protection range automatically? In other words it is a stop order with protection, just it is termed 'stop-limit' in the platform? Stop Limit Order. When a trade occurs at the trigger price, the stop order is triggered and becomes a Limit Order on the book. This is what you're referring to. That is not my experience of how stop orders behave (despite them being marked 'stop-limit'), whereas orders actually entered by the user as stop-limit do behave as above. Stop orders with protection prevent stop orders from being executed at extreme prices Yes, instead, it doesn't execute, but you are left with a limit order at the price protetcion limit, all the while price continues to move against you. Protection for orderly markets, but not so much protection for the trader (in certain circumstances).