# Purpose of Stop Limit Offset

Questions about MultiCharts and user contributed studies.
Fabrice
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### Purpose of Stop Limit Offset

In the settings of Chart Trading, there is a "Stop Limit Offset" in ticks. What is its purpose ? How does it affect manual trading ?
Thanks.

Henry MultiСharts
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### Re: Purpose of Stop Limit Offset

Hello Fabrice,

When you place a Stop Limit Order from the chart (using place order feature of chart trading panel) the limit price will be calculated based on your "Stop Limit Offset" value. Limit price can be adjusted in the Place Order pop-up window.

Corinne
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Joined: 18 Jan 2013

### Re: Purpose of Stop Limit Offset

Hello Henry,

I'm still unclear about how to use Stop Limit Offset. How is this Stop Limit Offset value used to calculate the limit price. Would you please give an example. Thanks.

Henry MultiСharts
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### Re: Purpose of Stop Limit Offset

Hello Henry,
I'm still unclear about how to use Stop Limit Offset. How is this Stop Limit Offset value used to calculate the limit price. Would you please give an example. Thanks.
Hello Corinne,

Limit price is calculated in ticks, i.e 1 tick = price scale * min movement (settings from QuoteManager->Edit symbol->Settings tab).
Let's take E-Mini S&P for example.
If Stop Limit Offset is set to 10 ticks then when you place a stop limit order from the chart (using place order feature of chart trading panel) the automatic difference between the stop and limit price will be set as the following:
10*(price scale * min movement)=10*(1/100*25)=2.5
If the Stop price is 1487.75 then limit price will be 1490.25

Attachments
Stop_Limit_Offset.png

stefanols
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Hi,

Are there a similar function in autotrading or do you
have to do that in the code?

If so do you have an example.

Thanks!

Best regards

Stefan

Henry MultiСharts
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### Re: Stop Limit Offset Autotrading

Hi,

Are there a similar function in autotrading or do you
have to do that in the code?

If so do you have an example.

Thanks!

Best regards

Stefan
Hello Stefan,

You need to program a stop limit order in your code. Here is how to do that.