Login Page - Create Account

Support Board


Date/Time: Tue, 24 Dec 2024 13:58:14 +0000



Post From: ACSIL trading: does SCT_ORDERTYPE_LIMIT issue a limit order when the stop is hit?

[2015-10-26 06:30:53]
User44052 - Posts: 34
Hello.

An entry is initiated with .OrderType specified as SCT_ORDERTYPE_LIMIT, and I buy at a specific price. I set my stop at 23 points below the buying price.

If the stop level is reached, is the exit performed using a LIMIT order or at the MARKET?


  s_SCNewOrder goLong;
  goLong.OrderQuantity = 1;
  goLong.OrderType = SCT_ORDERTYPE_LIMIT;
  goLong.Price1 = entryPrice;
  goLong.Target1Offset = entryPrice + 11;
  goLong.Stop1Offset = entryPrice - 23;