---
title: "Why did my limit order execute at market price instead of my specified limit price?"
description: "Your limit order executed at a better price because the exchange's matching engine automatically gives you the best available price. When you place a…"
category: arrow
subcategory: charts-and-orders
slug: why-did-my-limit-order-execute-at-market-price-instead-of-my-specified-limit-pri
canonical: https://support.arrow.trade/arrow/charts-and-orders/why-did-my-limit-order-execute-at-market-price-instead-of-my-specified-limit-pri/
---

# Why did my limit order execute at market price instead of my specified limit price?

> Your limit order executed at a better price because the exchange's matching engine automatically gives you the best available price. When you place a…

## Short answer

Your limit order executed at a better price because the exchange's matching engine automatically gives you the best available price. When you place a buy limit order, your order executes at your limit price or lower. When you place a sell limit order, your order executes at your limit price or higher.

## Example scenario

Consider SBIN trading at ₹185.40, with the best bid at ₹185.35 and best offer at ₹185.40.

Buy limit order: When you place a limit buy order at ₹190 and a seller offers shares at ₹185.40, you'll purchase at ₹185.40, saving ₹4.60.

Sell limit order: When you place a limit sell order at ₹180 and a buyer bids ₹185.35, your order executes at ₹185.35, earning you ₹5.35 more.

## What if you want to buy only at ₹190 or sell only at ₹180?

You can use trigger orders to execute trades at specific prices. Trigger orders don't place your order directly on the exchange. Instead, you set a trigger price, and when the stock reaches that price, the system places your order.

iRage offers two trigger order types:

To buy stock at exactly ₹190, you can set a GTT or SL order with either:

A limit order with ₹190 trigger to buy at ₹190

A market order with a ₹190 trigger to buy at the prevailing market price

Similarly, you can place a sell order with a ₹180 trigger to sell when the stock reaches that level.

## Related

- Browse more in [charts and orders](/arrow/charts-and-orders/)
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- Support: [support@arrow.trade](mailto:support@arrow.trade)

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Source: https://support.arrow.trade/arrow/charts-and-orders/why-did-my-limit-order-execute-at-market-price-instead-of-my-specified-limit-pri/
Publisher: Arrow / iRage Broking Services LLP