Glossary
What is Limit order
An order to "buy no higher" or "sell no lower" than a set price. The price is guaranteed, the fill is not: the market may not get there.
How it works
ETH 15m, 30.10.2024: the limit at the FVG edge never filled — price ran to the target without a pullback. A missed trade is not a loss.
Example
A buy limit at the upper edge of the FVG, 62 960: price came back to 62 960 and filled it as a maker — a 0.02% fee instead of 0.05%.
Common mistake
Chasing a running price with your limit order — it turns into a market entry without a plan.
Read next
Related terms
Frequently asked questions
- Where can I learn Limit order step by step?
- In the Trading OS Academy: “Stop and take-profit are orders, not intentions”.
- What is Limit order related to?
- Market order; Maker / taker fee; Return to zone (mitigation); Stop-limit order.
Plan versus outcome — for every trade
The Trading OS journal keeps the planned RR and the actual R of each trade side by side and computes expectancy from real results.
No sign-up — the journal runs in your browser; an account is only needed for sync.