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With a stop-limit-order you can wait for a break of a e.g. high to buy a little below it. This way you can buy below the bid of the break out. I thought you were looking for something like that. Of course in a few cases you will miss this entry if the price rushes upwards immediately.
I agree, but my problem with the broker was that after reach the stop value, the broker did not send the limit order.
Hi there,
I'd like to know something about stop limit orders. I have been using stop ordens to buy at market in some point, but I'd like to buy only until a value so I started to change to stop limit orders.
What I was expecting from buy stop limit? I was expecting that when the price hit the value the buy stop limit be replaced by a buy limit until it be done.
What happens? And why I started to have doubts?
The price has been below X value, I add a buy stop limit order at X with limit at X too. After, I saw that price went to X plus 10 ticks and my buy stop limit order do not changed into a buy limit and it kept an yellow background (similar to missing liquidity). My questions is why this order is not replaced by an limit order? May I do something to make this behavior happens? Should I change broker?
Thank you
I use this MQL5 Code to close all Positions and orders: :)