Buy Stop Limit Order at Buying

Buy Stop Limit Order. Do note that a limit order is denoted as a stop limit price on the mt5 platform as mentioned in the how to placed a buy stop limit on. Once the stop price is reached, the order becomes a buy limit order, filled at the limit price specified or lower.

A buy limit order is a limit order to buy at a specified price. Pros and cons of buy stop market orders and limit orders. Stop limit orders are commonly used to secure profits, let profits run, and as an alternative to a stop loss.

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A buy stop limit order will be executed at a specified price (or lower) after a given stop price has been reached. What is a buy stop order? It is used to buy below the market price or sell above the market price. To buy or sell an asset at a specific predetermined price, allowing the order to be filled at an indeterminate time in the future.