Orders and execution · Pro
Stop-limit order
What does Stop-limit order mean?
A stop-limit order activates a limit order after a stop condition is met. It limits the execution price but may fail to exit when the market moves beyond the limit.
Example
A sell stop triggers, but the resulting limit order remains unfilled after a price gap.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Price protection and execution certainty are different objectives.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.