Limit and stop orders

[idude]

I know that a buy stop is placed above price and buy limit below the price but what is a "buy stop limit" or a "sell stop limit"?

Another thing is how to do place a "stop loss" and a "profit target" on a buy stop/limit order?

[NinjaTrader_Matthew]

Hello and welcome to our forums!

A buy/sell Stop Limit order is a combination of a Stop and Limit order which are used to control slippage. The "stop price" is the price the order is resting at and once price reaches that stop price, it will trigger a limit order which will be placed at the limit price you specify:

http://www.sec.gov/answers/stoplim.htm

You can find information on how to place a Stop-Limit order from our Help Guide:

How to submit a stop limit order


You can use our ATM Strategy feature to automatically place a Stop loss and Profit Target order with any entry order.

If you have an open position without any stop loss or profit target orders protecting it you can easily add these exit orders.

Please see a post that outlines how to accomplish protecting an open position.