Once trigger conditions are set, you can create your order:
- Choose a stock
- Choose whether to buy or sell
- Choose the quantity you wish to buy or sell
- Choose a limit price – decide on a maximum price to buy or a minimum price to sell your stocks. If your conditional order is triggered but the share price has moved too far above your upper limit price, or too far below your lower limit price, then no order will be placed to market.
Your conditional order only triggers once, i.e. the first time the condition is met.
Please note:
- ‘Limit’ orders can be placed at any time, but can only be executed when the market is open.
- Your conditional order will only be executed if all of your specified trigger conditions are met.
- If your ‘Buy’ limit price is placed higher than the current best sell price, the order will execute at the best sell price currently in the market. Likewise, if your ‘Sell’ limit price is lower than the best buy price, the order will be executed at the best buy price within the market.