What is a Stop-Limit order

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A stop-limit order is a conditional trade over a set time frame that combines the features of stop with those of a limit order and is used to mitigate risk. The stop-limit order will be executed 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.

*Stop limit order is currently unavailable for Futures Trading

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