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[[File:STL_orders_on_the_chart.PNG|thumb|right|Stop Limit Orders on the chart]]
[[File:STL orders in the DOM window.png|thumb|right|Stop Limit Orders in the DOM window]]
Stop Limit Order combines the features of stop order with those of a limit order. A stop-limit order will buy or sell a set number of shares at a specified price (or better) after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better.
For the '''chart window''', default Stop Limit Order marker color and connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
For the '''DOM window''', default Stop Limit Order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
Create Stop Limit order by one of the following methods:
* Drag-and-drop the Stop Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] to the '''chart'''; or: * Drag-and-drop the Stop Limit order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] to the '''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 Stop Limit…'''; or:
* Right-click at the desired price level on the '''DOM window''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Buy / Sell Stop Limit…'''; or:
* Right-click the Stop Limit order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] in '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu and click '''Apply Strategy''' (Buy Stop Limit order at Ask price will be created).* Double-click the Stop Limit Order icon http[[File://www.multicharts.com/img/wiki/strategies/9STL.png ]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu (Buy Stop Limit order at Ask price will be created).
<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 Limit option will be available in the shortcut menu. If you right-click below current price level, Sell Stop Limit option will be available in the shortcut menu. Right-clicking on the current price level makes both Buy Stop Limit and Sell Stop Limit options available. </div>
Order Size is defined by '''Qty''' field (see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]]).
<div style="background-color: #E3FBE5;">Note: When Require Order confirmation option is disabled no confirmation window will appear and '''Limit Price''' will be based on '''Stop Limit Offset''' set in [[Chart Trading#Order Modification|Format Chart Trading]] menu. '''Stop Limit offset''' value is set to 1 tick by default.</div>
'''To modify Stop Limit offset on the chart:'''