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[[File:LMT_orders_on_the_chart.PNG|thumb|right|Limit Orders on the chart]]
[[File:Limit Orders in the DOM window.png|thumb|right|Limit Orders in the DOM window]]
A Limit Order will buy or sell a set number of shares at a specified price or better.
Limit Order is displayed as lime marker on the chart connected to the order price label on the price scale with a dotted line and as lime marker in the '''[[Depth of market (DOM)|DOM window]]'''.
For the '''[[Depth of market (DOM)|DOM window]]''', default Limit Order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
Create Limit Order by one of the following methods:
* Drag-and-drop the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] to the '''chart'''; or:* Drag-and-drop the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] to the desired price level in '''Sell''' or '''Buy''' columns of the '''[[Depth of market (DOM)|DOM window]]'''; or:
* Right-click at the desired price level '''on the chart''' to see the shortcut menu, select '''Place Order''' and then click '''Buy / Sell Limit…'''; or:
* Right-click at the desired price level on the '''[[Depth of market (DOM)|DOM window]]''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Buy / Sell Limit…'''; or:
* Right-click the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu and click '''Apply Strategy''' ('''Buy Limit''' order at '''Bid''' price will be created).* Double-click the Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/6LMT.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu ('''Buy Limit''' order at '''Bid''' price will be created).
Order Size is defined by '''Qty''' field (see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]]).