A Stop-Limit Order is an instruction to submit to the Exchange a buy or sell order at the specified limit price (or better) after the indicated trigger price has been reached in the market.
In a Stop-Limit Order, the Trigger Price must be currently placed as follows relative to the current market price for it be considered valid:
|Buy||Trigger Price > Current Price||Buy when price goes up|
|Sell||Trigger Price < Current Price||Sell when price goes down|
In case of incorrect placement of the Trigger Price, your Stop-Limit Order will be triggered immediately. Consider using an ordinary Limit Order or LIT Order instead.