This type of order is executed at the moment you place the trade. Orders cannot be sent while the market is closed.

The sale or purchase of an asset will be executed if the price you choose is reached (or improved). When you create a limit order, it may not reach the target price. If this happens, it will not be completed.

In the case of sell limit orders, bear in mind that if you set a limit price lower than the current price, the system will execute the sale at that very moment as if it were an immediate execution order since it considers the current price better than the price requested in the order. Therefore, the sell limit order will only remain pending if the set price is higher than the quoted price at that moment.

At the moment, our limit orders do not work as stop-loss or take-profit. However, our Development Team continues to work on optimizing functionalities and very soon we will be able to offer both functionalities.

We hope you have found this information useful. If you have any questions, please write us through our chat or send us an email to support@heytrade.com. It will be our pleasure to help you! 😊