A Stop Limit Order will be executed when the market hits the target price. Determine the trigger price to activate this order. This method can be used for setting a Stop Loss Limit Order or Take Profit Limit Order. Please note that the system will automatically reject orders that fail in margin checking or exceed the limit position.
The current price is 2000 (A). The stop price from the stop limit order can be above the current price, for example, 2500 (B), or below the current price, for example, 1500 (C). After the price is going up to 2500 (B) or going down to 1500 (C), the Stop Limit Order will be triggered and the limit order will be automatically activated.
- The limit order is not active until the stop price is triggered, including when the limit price is reached before the stop price.
- When the stop price is reached, this will only show that the limit order is activated and entered the market. It doesn’t mean that the limit order is filled immediately. Limit Orders will be executed by its own mechanism.