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ATC Trader User Guide
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Chart Stop Limit
Sell Stop Limit:
Orders are used like STP orders, but execution is restricted to the limit price or better. They do not become MKT orders once the STP price has been reached
Sell STP LMT is activated when the commodity is offered or traded at or below the STP level, the order will not be filled unless the price remains at or rises above the limit level.
Buy STP LMT is activated when the commodity is bid or traded at or above the STP level, the order will not be filled unless the price remains at or drops below the limit level
No order can be guaranteed an execution Factors
The values that you wish to decrease your STP order by, i.e., .50 in the first box will decrease the STP value by the factor of .50;
The same concept works the second factor box in that it effects the LMT
SELL STOP:
Places the STP LMT prices for the sell STP LMT order
Stop
Sell STP order is placed below the current MKT price, but is not transformed into a MKT order when the futures price is traded or is offered at or below the STP price; turns into a LMT order.
Limit
LMT order is used to buy/sell at the specified price. It doesn’t move once it has been reached, i.e., it does not become MKT order
Can only be executed at the limit price or higher.