Support Board
Date/Time: Sat, 23 Nov 2024 05:50:26 +0000
Post From: Stop loss(market) order getting converted into a Stop limit order!
| [2024-07-06 17:16:27] |
| User763335 - Posts: 82 |
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@User431178 Yes, I suspect this to be a terminology issue., as I had implied on my post #3 above and is confusing new SC users like me .. ie seems to be actually implementing the "Stop Order with Protection" with protection boundaries[automatically by exchange for all stop loss orders] but calling it "Stop limit" order which typically operates between the stop trigger price and stop limit price,even as per CME's own definitions "Stop-limit orders are activated when an order's trigger price is traded in the market. After the trigger price is traded in the market, the order enters the order book as a limit order at the order limit price. The limit price is the highest/lowest price at which the stop order can be filled" .,.,.. Dont disagree with you on the actual "protection" offered ;-) When the price moves extreme beyond the range/bands, it all falls on the trader to manage position! All am asking to do is make things explicit, so we know what we're dealing with... Date Time Of Last Edit: 2024-07-06 18:40:15
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