Spotware Systems adds Stop Limit Order to cTrader platform


cTrader powered by Spotware

Spotware Systems just announced that they have added a new order type to their cTrader platform.

This new order type is a Stop Limit Order, it has been added to desktop, web, iOS and Android versions of the platform, and it is available to all users of all brokers offering the platform.

A Stop Limit Order is a combination of a Stop Order and a Limit Order. The combination of the two orders offers to the investor much greater precision in executing the trade. Contrary to a Stop Order that is filled at the market price after the stop price has been hit, regardless of whether the price changes unfavorably.

A Stop Limit Order places an order that sets a limit to the price that the investor accepts for the order. While a Stop Order can lead to trades being filled at less than desirable prices, combining it with the features of a Limit Order, trading is halted once the price becomes unfavorable, based on the investor’s Limit Range.

In summary traders can benefit from the limit of price deviation which is associated with Limit Orders while being able to Buy above the market and Sell below the market as with a Stop Order.

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Spotware Systems adds Stop Limit Order to cTrader platform

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