{"id":45243,"date":"2023-04-04T14:10:40","date_gmt":"2023-04-04T12:10:40","guid":{"rendered":"https:\/\/staging.captrader.com\/glossar\/market-if-touched-order-mit\/"},"modified":"2024-03-24T15:14:03","modified_gmt":"2024-03-24T14:14:03","slug":"market-if-touched-order-with","status":"publish","type":"glossar","link":"https:\/\/www.captrader.com\/en\/glossar\/market-if-touched-order-mit\/","title":{"rendered":"Market If Touched Order (MIT)"},"content":{"rendered":"

To buy or sell any financial instrument at a predefined price, traders usually use a stop order or a limit order. A lesser-known alternative is the Market If Touched Order, or MIT Order for short. This also has the purpose of executing a buy or sell order when a predefined \"trigger price\" is reached. In this article you will learn what exactly an MIT order is and how it differs from the limit order and the stop order.<\/p>\n\n\n\n

What is a Market If Touched Order?<\/h2>\n\n\n\n

A Market If Touched (MIT) order is an order to the broker to immediately buy or sell any underlying at a previously defined trigger price as soon as this is reached. The buy or sell order is converted into a market order when the trigger price is reached and executed at the next possible price. An MIT Buy Order is usually used to buy at a lower price than the current market price. An MIT Sell Order is used to sell at a higher price than the current market price.<\/p>\n\n\n\n

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MIT Order (Market If Touched Order) in the TWS<\/figcaption><\/figure>\n\n\n\n

Difference from Stop Order and Limit Order<\/h3>\n\n\n\n

At first glance, the Market If Touched Order seems to have great similarities with a Stop Order or a Limit Order. In all cases, a buy or sell order is automatically executed at a previously defined price.<\/p>\n\n\n\n

In contrast to a limit order, an MIT order, like a stop order, is executed immediately when the trigger price is reached as a market order.<\/p>\n\n\n\n

While a Buy Stop Order is used to buy at a price higher than the current market price and a Sell Stop Order is used to sell at a price lower than the current market price, the reverse is true for a Market If Touched Order.<\/p>\n\n\n\n

A Market If Touched buy order is used if you want to buy an underlying at a lower price than the current market price as soon as the trigger price is reached. In contrast to a buy limit, you receive immediate execution (market) and slippage may occur depending on market conditions.<\/p>\n\n\n\n

A Market If Touched sell order is used if you want to sell an underlying at a higher price than the current market price as soon as the trigger price is reached. In contrast to a sell limit, the order is executed immediately when the trigger is reached (market) and slippage can also occur, whereas with a limit order the limit price is guaranteed.<\/p>","protected":false},"author":20,"featured_media":0,"template":"","class_list":["post-45243","glossar","type-glossar","status-publish","hentry"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar\/45243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/glossar"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/20"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=45243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}