What is a Stop with Protection order?

A Stop order is an instruction to submit a buy or sell market order if and when the user-specified stop trigger price is attained or penetrated. A Stop order is not guaranteed a specific execution price and may execute significantly away from its stop price. A Sell Stop order is always placed below the current market price and is typically used to limit a loss or protect a profit on a long stock position. A Buy Stop order is always placed above the current market price, and is typically used to limit a loss or help protect a profit on a short sale…

A Trailing Stop Limit order is designed to allow an investor to specify a limit on the maximum possible loss without setting a limit on the maximum possible gain. A "Sell" Trailing Stop Limit moves with the market price and continually recalculates the stop trigger price at a fixed amount below the market price based on the user-defined "trailing" amount. The limit order price is also continuously recalculated based on the limit offset. As the market price rises, both the stop price and the limit price will rise by the trail amount and limit offset respectively, but if the stock price falls, the stop price will remain unchanged. When the stop price is hit, a limit order will be submitted at the last calculated limit price. A "Buy" Trailing Stop Limit order is the mirror image of a sell Trailing Stop Limit, and is generally used in falling markets…

Conditional submission of orders is supported for Limit, Market, Relative and Snap order types only. Conditional cancellation of orders is supported only for Limit orders.

Please Note…

A Market order is an order to buy or sell at the market bid or offer price. A market order may increase the likelihood of a fill and the speed of execution, but unlike a Limit order, a Market order provides no price protection and may fill at a price far lower/higher than the current displayed bid/ask…