Difference between Buy AT STOP and Buy AT LIMIT

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  • #11172 quote
    robertogozzi
    Moderator
    Legend

    What’s the different behavior of ProOrder for each of these two commands:

    1. Buy 1 CONCTRACT AT x STOP
    2. Buy 1 CONCTRACT AT y LIMIT

    Thank you.

    #11176 quote
    absent1980
    Participant
    Average

    With Limit you may have a better fill but its not guaranteed.

    #11180 quote
    Nicolas
    Keymaster
    Legend

    They are pending orders (conditional ones).

    You need to place STOP orders when you want to :

    ■ Buy higher than the current price

    ■ Sell lower than the current price

    and LIMIT orders when:

    ■ Buy lower than the current price

    ■ Sell higher than the current price

    pending-orders.gif pending-orders.gif
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Difference between Buy AT STOP and Buy AT LIMIT


ProOrder: Automated Strategies & Backtesting

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This topic contains 2 replies,
has 3 voices, and was last updated by Nicolas
10 years, 1 month ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 08/03/2016
Status: Active
Attachments: No files
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