Float limit

The float limit, which is represented by a lock icon Lock icon, allows you to execute a limit order at the current bid or ask price without having to manually modify the limit price in the limit price field.



Click the  lock. When enabled, the limit price fluctuates dynamically with real-time level 1 data.

The float limit icon can be enabled by subscribing to a real-time level 1 data package. With real-time level 1 market data the limit price follows:

  • Ask price – when the action is set to buy
  • Bid price – when the action is set to sell 

Example: if float limit is enabled and you are entering a limit buy order and the ask price decreases from $61 to $60, the limit price field will change automatically to $60. Similarly, if you are entering a limit sell order and the bid price increases from $61 to $62, the limit price field will change dynamically to display $62. 

You can click the float limit lock icon at any time to unlock Float limit lock the limit price and stop the limit price field from following real-time market data. Once unlocked, the field displays the last value obtained from real-time streaming data. You can then manually modify the limit price before sending the order.
Tip: you can also click within the limit price field or use the up or down arrows Up and down arrows next to the limit price field to unlock the float limit lock icon Float limit unlocked and enter a new price in the limit price field.

If real-time level 1 data is unavailable, the float limit lock icon appears unlocked and the button is disabled Float limit unlocked. The limit price field will also be blank.

Note: the float limit functionality is not available for market, stop, trailing-stop or trailing-stop limit orders.

All content in the Exchange, whether provided by Questrade or created by the community members, is for informational purposes only and does not contain advice or recommendations on behalf of Questrade Inc. Use of this site is subject to the terms of service and user posting rules.