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What is a stop-limit order

A stop-limit order is an instruction to place a buy or sell limit order when the client-specified stop trigger price is reached.

The order follows the "buy high and sell low" rule. The stop trigger price and the market price need to follow the rules: the buy stop price needs to be above the current market price, and the sell stop price needs to be below the current market price.

● A sell stop-limit order must be entered below the current market price to stop the loss on a long position or protect its profit.

● A buy stop-limit order must be entered above the current market price to stop the loss on a short position or protect its profit.

Notes:

1. Clients can set the order's validity period themselves. If the order is not completely filled, it will be cancelled automatically by the system. If the order fails to be executed due to risk management or other reasons, the order status will be updated to "failed", and the system will not continue to place the order. 

2. After the stop-limit order is triggered, there is no guarantee that the order will be successfully placed. Reasons such as insufficient buying power and positions will cause a failure to place the order.

3. After the stop-limit order is triggered, there is no guarantee that the order will be executed. The system will place the limit order automatically once the stop price is reached. However, if the order is not filled before the deadline, it will be cancelled automatically by the system.

4. After the stop-limit order is triggered, whether it is filled or not, the triggering conditions will not be effective again. Please place a new order if necessary.

5. After the stop-limit order is triggered, the system will place a limit order. For clients' convenience, the details of the order will still be displayed in the original stop-limit order.

6. Orders cannot be executed in multiple directions at the same time. If the order quantity is greater than the current position, the order will not be executed. For example, a buy and a buyback cannot be executed simultaneously; the same applies to a sell and a short sale. 

7. The stop-limit order will only be triggered during the trading hours.

8. Advanced orders are simulated by Moomoo Financial Singapore Pte. Ltd. based on the basic orders and irrelevant to exchanges' advanced orders. Please refer to the actual order page for more details.