Limit Rules

rules which validate the limit of an order at resistance ensures the limit of an order is set close to the closest resistance level for the instrument under consideration the price of the instrument is likely to reverse at this level this rule will issue a warning of the limit is too far below the resistance level as the trade is likely to have a higher upside potential (to the resistance level) this rule also provides contextual information about the minor and major resistance levels seen for this particular instrument this rule defaults the limit of the order to the closest resistance level when no limit has been specified on the order