DislikedThank a bunch for the replies guys, but these are also not what I am looking for. I am not looking to set a limit order with a stoploss or a take profit, I am looking to set a stop ORDER after a certain limit price has been hit. So...
Current market= 100.00.
For a short...Limit @ 100.10 + Sell stop @100.05.
This means I need price to go up and hit my limit @ 100.10, but does not fill me there. Instead, it activates a stop order @ 100.05, so only if price goes down to 100.05 I get filled down there.
This is not possible - why not just go long at 100.05 with a Stop or Stop Limit order?
This is unrelated to TTO's or order closing methods..this is about having a 2 part criteria to open the trade in the first place. The odd thing is that you can do the reverse...no we dont. Stop+Limit says - go long/short at future price, once filled then set a target price. you can set a stop area of 99.90 plus a limit at 99.95...so it first needs to go to your stop area of 99.90 and if it does that THEN the limit order of 99.95 becomes active, only to be filled if it goes to 99.95.
So the sequence here is stop activated, then limit potentially activated. Why can't we do the opposite, with the limit activated, then the stop potentially activated? Again, this not related to stoplosses or takeprofits, I mean stop orders. Any help I'd be eternally grateful forIgnored