A Stop-Limit Order triggers a limit order (not a market order) once the stop price is hit. It controls the fill price but risks not filling.
How traders use it
- Combines a stop trigger with a limit price.
- Protects against slippage but may miss the fill.
- Useful in volatile markets where price gaps.
See it in dtcharts
Practice every order type risk-free in the dtcharts terminal with paper trading.