Quote:
Originally Posted by mumpips
Hi SanMiguel, thanks for the reply. I am rather slow on this, need more time to understand. The confused part is when everyone is talking abt limit order for this system, I need to put stop order for the pending orders.
Ok.....my brain is not working properly.......give me more time to understand this. 
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A lot of people use the terms "pending order" or "limit order" for any type of order that's set to trigger in the future, even though it may not technically be a limit order.
It's the same logic as using the word "car" for any type of vehicle. Just because someone says "There was a 3 car pileup on the highway" doesn't really mean they were cars... It could have been a truck, van, etc...