I’ve read several forum and help articles on this but still haven’t quite got my head around it.
I want to automate a share purchase.
Current share price is 150 and I want to buy 300 shares automatically when the market opens, but only if the price edges in the right direction, If it hits 154 I want to trigger a buy of 300 shares.
If it doesn’t hit 154, or if the price goes down, I do nothing.
All the explanations of limit orders / stop limit orders seem to refer to buying at a price that’s lower than the current price. I want to be sure I’m using the correct option (either limit order or stop limit order) and don’t accidentally end up triggering a buy or a sell at the wrong price.
This is on the ‘invest’ rather than CFD account.