Limit Order
An order that executes only at a specified price or better: a buy limit at $50 never pays more than $50. Limits guarantee price but not execution — the market may never come to you. Profit targets are naturally expressed as resting sell limits, which is exactly how DeployQuant maintains a strategy's take-profit at the broker.
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Related terms
Market OrderAn instruction to buy or sell immediately at the best available price.…Take-Profit OrderA resting sell order at a level above the entry price that locks in a …GTC (Good-Til-Canceled) OrderAn order that stays working at the broker across sessions until it fil…
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.