A stop order is an order to buy or sell a security when its price moves past a particular point, ensuring a higher probability of achieving a predetermined entry or exit price, limiting the investor’s loss, or locking in a profit. Once the price crosses the predefined entry/exit point, the stop order becomes a market order. (Source: Investopedia.com)

The following are the steps on how to set-up STP order on the WebTrader platform with Long and Short Positions.