Stop Limit Order & Stop Loss Order Definition Explained

Stop Entry Order - Stop orders are set to buy above or to sell below the current market indices trading price. Stop entry orders are automatically executed so as to open new stock trades once the trading market stock indices trading price reaches the specified stop entry trading price zone.

Stop Loss Order - Stop losses are orders set by traders to close a trade automatically after stock indices trading price has moved against their open trade transaction by a number of specified pips. This is done to stop more losses for that particular trade. A stop loss is automatically executed by the MT4 software.

Another difference is that stop entry orders open new trades while stop loss order close open trade transactions.

To learn and know more about Stop Entry Order & Stop Loss Order

Stop Entry Order Definition and Example

Stop Loss Order Definition and Example

What is Difference between Stop Entry Order & Stop Loss Order?