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Stop Limit orders with spread bets


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How can I place a stop limit order with a spread bet?

I do not want a trade to enter if the price gaps up or down. 

I need the price to move in the direction of the order to a certain point then enter but only up to a certain limit.

At the moment if the market gaps up the trade will enter at any point above my order price which will be significantly higer.

This could be achieved with a stop limit order but I don't see that as an option on the platform.

Can you introduce this feature or is there another way to achieve the same outcome? 

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Hi @DS32

Thanks for the query. 

Unfortunately we do not offer a combined stop limit order. In spread betting your order is either a limit or a stop depending on the price that you specify. Any price below the offer will be a limit order and will execute at the specified price or a more favourable price. A price above the offer will be a stop order and will execute when the market price moves beyond a particular level. (if going long)

All the best, 

Anda

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  • 5 months later...
On 06/12/2021 at 13:46, DS32 said:

How can I place a stop limit order with a spread bet?

I do not want a trade to enter if the price gaps up or down. 

I need the price to move in the direction of the order to a certain point then enter but only up to a certain limit.

At the moment if the market gaps up the trade will enter at any point above my order price which will be significantly higer.

This could be achieved with a stop limit order but I don't see that as an option on the platform.

Can you introduce this feature or is there another way to achieve the same outcome? 
When playing online casinos, we can make bets and monitor their growth in the application or on the site where you play. For example, as I did at https://1houseofpokies.com/bonuses. I received free bonuses upon registration at this site, which I can not fail to please. So, to follow the price, you can place a stop-limit order. Order SELL STOP is used to protect a long position. A SELL STOP order is to sell below the current market price, but only when you specify the market is trading below the STOP price.

The market must be trading below the price you specify for your order to take effect.

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