DEFINITION of 'Conditional Order'

A type of order that will be submitted or canceled if set criteria are met, which are defined by the trader/investor entering the order. This allows for a greater customization of the order to meet the specific needs of the investor.

BREAKING DOWN 'Conditional Order'

For example, say an investor enters a limit order to buy shares at $45, but only once the shares have first reached $50 (confirming a breakout). The limit order at $45 will be submitted to the brokerage firm only once the shares have reached the $50 price. Conditional orders allow traders to enter into a trade without having to constantly monitor the market, allowing them to be as fast as the market.

  1. Canceled Order

    A canceled order is a previously submitted order to buy or sell ...
  2. Bracketed Sell Order

    A sell order on a short sale that is accompanied (or "bracketed") ...
  3. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  4. Bracketed Buy Order

    Bracketed buy order refers to a buy order that has a sell limit ...
  5. Cancel Former Order - CFO

    An order from an investor to a broker, to cancel a previously ...
  6. End Of Day Order

    A buy or sell order that specifies a price for the security, ...
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