Subscribe to our mailing list

Sterling Trader® Pro Guide

Sterling’s user manuals are continuously updated digitally


A stop order is an order to buy or sell a stock when its price reaches a set price, called the stop price.

A stop order acts as a trigger for a predetermined entry or exit price, limiting the loss or locking in a profit.

A buy stop order is placed above the market, and a sell stop order is placed below the market.

The system supports both native and server side stops. A native stop order is sent directly to an exchange when the order is placed. Server-side stops are managed by the server/platform, and are not sent to the exchange until triggered. Most traders use Server-side stops since not all exchanges support native stops.

From the Level 2 WIndow (assuming your symbol, account, and quantity of shares are pre-set), when selecting a stop order, the price field becomes your stop price. Enter the stop price in the price field and select S-STP for the Price Type Field. When your stop price is triggered, the order will be sent to the exchange as a market order.

Additionally, you can place stop limit orders. The functionality for a Stop Limit Order is the same as a stop market order, however, when the stop is triggered a limit order is released instead of a market order.

To place a Stop-Limit order, you enter two prices, the Stop Price and the Limit Price. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.


We believe it is important for you to know this site uses cookies to store information on your computer.

All Sterling Trading Tech websites use cookies to improve your online experience as described in our Privacy Policy. They were placed on your computer when you launched this website. You can change your cookie settings through your browser. By clicking OK, you agree to allow us to collect information through cookies.