Difference between Buy AT STOP and Buy AT LIMIT

• 08/03/2016 at 2:41 PM #11172
  robertogozzi

  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.

   

  

  robertogozzi

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  08/03/2016 at 7:18 PM #11176
  absent1980

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

  

  absent1980

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  08/03/2016 at 7:39 PM #11180
  Nicolas

  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

  

  Nicolas

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