This is not true. Restrict order doesn’t mean the worth must be actual. It simply signifies that the worth must be that or better. If the worth jumps, the order will nonetheless get executed. A restrict order goes onto the order e-book immediately and may be seen by others.
The difference with cease loss is that, your order gained’t be added to the order guide until the worth is hit. When you positioned a stop loss market order at 11.2, once the worth hits 11.2, a market order might be positioned. It could possibly be a bit dangerous in low volume markets as if the worth hit 11.2 after which dropped huge to let’s say 10, your order may execute at 10. You need to use stop restrict orders by saying place this order when worth hits 11.2 and restrict my promote worth to 11.15 or better. With stop limit, you could specify both the trigger worth and restrict worth.
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