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