f1 - trading - orders
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Buy Limit — buy if the future "ASK" price is equal to specified level. At that the current price level higher than the price value of placed pending order;
Buy Stop — buy if the future "ASK" price is equal to specified level. At that the current price level below than the price value of placed pending order;
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see picture below in the f1-topic
===
Buy Limit — buy if the future "ASK" price is equal to specified level. At that the current price level higher than the price value of placed pending order;
Buy Stop — buy if the future "ASK" price is equal to specified level. At that the current price level below than the price value of placed pending order;
===
see picture below in the f1-topic
I´ve read the help topic, but I don´t understand that explanation clearly.
Also I still don´t get the real use of having 2 different kinds of pending buy orders..
I suspect it has something to do with the current price level at the moment of placing the order...
so if the current price is below the desired price entry, should I put a Buy Stop order,
and in the other hand, If the current price is above the desired price entry should I put a Buy Limit?
thanks
Pepo.
Also I still don´t get the real use of having 2 different kinds of pending buy orders..
I suspect it has something to do with the current price level at the moment of placing the order...
so if the current price is below the desired price entry, should I put a Buy Stop order,
and in the other hand, If the current price is above the desired price entry should I put a Buy Limit?
thanks
Pepo.
1. If the current price is below the desired price entry:
a) if you expect the upward trend to the higher price level then place "Buy stop" (in other words, stop waiting and place order);
b) if you expect the upward trend will be limited at price entry level then place "Sell limit".
2. If the current price is above the desired price entry:
a) if you expect the downward trend to the lower price level then place "Sell stop";.
b) if you expect the downward trend will be limited at price entry level then place "Buy limit".
a) if you expect the upward trend to the higher price level then place "Buy stop" (in other words, stop waiting and place order);
b) if you expect the upward trend will be limited at price entry level then place "Sell limit".
2. If the current price is above the desired price entry:
a) if you expect the downward trend to the lower price level then place "Sell stop";.
b) if you expect the downward trend will be limited at price entry level then place "Buy limit".
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thanks
Pepo