Support Board
Date/Time: Thu, 18 Dec 2025 19:34:05 +0000
Post From: Attached stop order turns into stop limit order
| [2020-07-22 01:38:36] |
| 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. |
 stop-order-vs-stop-limit.PNG / V - Attached On 2020-07-22 01:37:07 UTC - Size: 126.28 KB - 441 views |