A stop limit order is a buy or sell limit order that is executed when the trigger level defined by the investor is reached.
The investor must determine a stop price (trigger level) and a limit price in advance. The limit price must be less than or equal to the stop price.
If the price of the asset reaches the defined stop price, a limit order will be executed.
The stop limit order is a means of protection for the investor, as it enables him not to sell at a price lower than the defined one.
However, the order may not be executed (even if the stop price has been reached) because the limit order threshold was never reached.
The stop limit functionality is not yet available on Paymium.
