Support Board
Date/Time: Tue, 13 May 2025 14:17:39 +0000
Post From: Stop loss(market) order getting converted into a Stop limit order!
| [2024-07-06 16:21:46] |
| User431178 - Posts: 679 |
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@user763335 Are you sure this is not simply a terminology issue? Does the stop order sent to the exchange that converts to a 'stop-limit' not have the limit offset applied at the price protection range automatically? In other words it is a stop order with protection, just it is termed 'stop-limit' in the platform? Stop Limit Order. When a trade occurs at the trigger price, the stop order is triggered and becomes a Limit Order on the book. This is what you're referring to.
That is not my experience of how stop orders behave (despite them being marked 'stop-limit'), whereas orders actually entered by the user as stop-limit do behave as above.Stop orders with protection prevent stop orders from being executed at extreme prices
Yes, instead, it doesn't execute, but you are left with a limit order at the price protetcion limit, all the while price continues to move against you.Protection for orderly markets, but not so much protection for the trader (in certain circumstances). |