I want to place an order that starts as a limit order (to wait for a specific price), and then, automatically converts into a market order once the price reaches a certain predefined level (the trigger point).
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更详细的技术性描述(推荐用于与券商或开发者沟通):
"The requirement is for an order type that initially functions as a passive limit order resting on the book. Upon the market price hitting a specified stop/trigger price, the order should automatically cancel its limit instruction and immediately become an aggressive market order to ensure execution."
关键点说明(可附加解释):
This is not a standard stop-limit order, as a stop-limit converts into a second limit order, not a market order.
This is also different from a standard stop (market) order, which is dormant until triggered, without the initial passive limit order phase.
In essence, it combines the behaviors of: 1) Limit Order -> 2) Stop Price Trigger -> 3) Market Order.
补充说明(关于可行性):
"This functionality is not typically offered as a native order type by most brokers. It may require implementation through conditional orders (OCO/brackets), a custom algorithmic script, or a two-step manual process (placing a limit order, then manually replacing it with a market order upon trigger)."