Stop-limit order (futures)

When the trigger price is reached for a stop-limit order, an order is placed to buy or sell (depending on which you selected) the asset at the limit price or better. This order gives you more control over the price you buy/sell at because the order is only filled if the limit is reached (or if the price moves in your favour: above the limit for sell or below the limit for buy). However, the potential danger here is that the order won’t be filled quickly or at all if the limit isn’t reached.