What is the correct order type to use for the following:

I want a resting order sitting on the broker server.

Prior high is say 100.

Market is currently below my entry price.

I want to submit a resting order to buy when the market trades at say 100.10 but when that happens I want to enter at 100.10 or less.

What is the correct order type to use?

FYI I use Interactive Brokers platform to place trades.

skiguy 

What is the correct order type to use for the following: I want a resting order sitting on the broker server. Prior high is say 100. Market is currently below my entry price. I want to submit a resting order to buy when the market trades at say 100.10 but when that happens I want to enter at 100.10 or less. What is the correct order type to use? FYI I use Interactive Brokers platform to place trades.

I think that the only relevant info is that the price is below 100.10
Sounds like you want to place a Buy Stop Order @100.10 W/Limit at 100.10
However, I am not sure what markets you trade and where the order will rest.

Thanks,
Matt

There is a risk of loss in futures trading. Past performance is not indicative of future results.

For the purpose of the example lets use ES i.e. e-mini

So are you specifically saying use a Stop Limit order?

skiguy 

For the purpose of the example lets use ES i.e. e-mini So are you specifically saying use a Stop Limit order?

What you are looking for is a Stop Limit. You order will not trigger until the price hits 100, but then it will only fill if the price is below 100.10.
so if price jumps from 99.99 to 100.09, you are filled, but if price goes from 99.99 to 100.20, you will not get filled, because you were only willing to pay 100.10.