Are Guaranteed Limit Orders Prohibited?

Guaranteed limit orders deal with placing limit orders with SL and TP using high lot sizes around periods of high-impact news or high volume. In such a scenario, there is no guarantee that the order gets filled at the same price through live market conditions due to occurrences of slippage. For example, if a trader was to place a buy stop above price, and a sell stop below price before a high impact news event such as FOMC, this would classify as a guaranteed limit order approach. This type of approach is based on entirely different outcomes each time depending on order fills, slippage, and market conditions.