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A stop limit order is a pending order that places a limit order once a stop price is reached. A buy stop limit sets a stop price above the market and a limit price at or below it; a sell stop limit sets a stop below the market and a limit at or above it. It controls the entry price, but the order may not fill if the market jumps past the limit. MetaTrader 5 offers both types.
EUR/USD is at 1.1050. You place a buy stop limit with a stop at 1.1080 and a limit at 1.1070. If the price rises to 1.1080, a buy limit at 1.1070 is placed, and it fills only if the price comes back to 1.1070.
