Place a market order when a trigger price is reached, for a stop loss, take profit or entry.
A stop market order sends a market order when a trigger price is reached. Set the Stop Price and pick the Trigger Condition price source: Last (last trade price, the default), Mark or Mid. Once triggered, it places a market order. Stop Market uses an 8% slippage limit, rather than the Max Slippage setting for a manually placed market order. Use it to take profit, limit losses or enter on a price move.
