Options Scalper (67)

How do limit order exits work in Scalper 2.0?

In Scalper 2.0, when your Stop Loss or Take Profit triggers, you can choose whether the exit order sent to the exchange is a Market order or a Limit order. This is configured separately for SL and TP in Order Defaults.

 

Exit Type

How it works

Trade-off

Market exit (SL or TP)

When the SL/TP price is hit, a Market order is sent to exit immediately. Execution is near-instant for liquid contracts.

Guaranteed exit, but fill price may differ from the trigger price in fast-moving markets (slippage).

Limit exit (SL or TP)

When the SL/TP price is hit, a Limit order is placed at or near the trigger price.

Better price control, but carries the risk of non-execution if the market moves quickly through your level.

 

In case of a limit order exit, when you select a price on the chart, your order gets executed at the same price with very minimum slippage, depending on the type of exit you have selected. 

  • You can choose between ‘Best Bid/Offer’, which sends your buy/sell order at the best offer price.

  • Or select LTP, which sends the limit order at the Last Traded price.

  • If you select Midpoint of Bid/Offer, your order is executed at the midpoint  of bid/offer price, which is then rounded to the nearest tick size.


For Stop Loss: most traders prefer Market exits to guarantee they get out even in fast-moving conditions. For Take Profit: Limit exits are more common, since you are targeting a specific price and not reacting to adverse movement.

 

Note: Scalper 2.0 lets you set SL as Market and TP as Limit, or any combination. Configure this in Order Defaults → SL/TP Order Type. This was not possible in the original Scalper, which only supported Market exits.