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Date/Time: Sun, 19 May 2024 08:47:59 +0000

Post From: Attached stop order turns into stop limit order

[2020-07-22 01:38:36] Link To Thread - Link To Post [Go To First Post]
User790545 - Posts: 41
Thanks, ondafringe! After watching the video, at 5:04, it looks like the CME distinguishes between two orders, a stop limit and a stop order with protection. How do we use the stop order with protection in Sierra? The stop limit doesn't seem to stop you out at your stop price (with a market order) but rather at the limit price which is set - in my case for MGCQ20, it was 4 ticks and in another case, it was 5 points! A stop order with protection will do as you mention above, a market order that sweeps the book until it hits the protection price and then a limit price is set for the rest of the unfilled order.


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