Changes

A Stop Order will buy or sell a security when its price surpasses a particular level defined by the trader, thus ensuring a greater probability of achieving a predetermined entry or exit price. Stop order becomes a market order when the price reaches the predefined level.

Stop Order is displayed as sienna marker on the chart connected to the order price label on the price scale with a dotted line and as sienna marker in the DOM window.

For the DOM window, default Stop Order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.

Create Stop Order by one of the following methods:

* Drag-and-drop the Stop Order icon http://www.multicharts.com/img/wiki/strategies/3.png to the '''chart'''; or:

<div style="background-color: #E3FBE5;">Note: Chart is context-sensitive and allows creating Buy or Sell orders depending on the price level at which you click on the chart. If you right-click above current price level, Buy Stop option will be available in the shortcut menu. If you right-click below current price level, Sell Stop option will be available in the shortcut menu. Right-clicking on the current price level makes both Buy Stop and Sell Stop options available. </div>

Order Size is defined by '''Qty''' field (see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]]).