Support Board
Date/Time: Fri, 10 Jan 2025 22:55:40 +0000
Post From: How to use triggered stops and triggered trailing stops in one order
| [2016-10-03 10:14:03] |
| stevenpaul - Posts: 9 |
|
Hi, I am trying to use two attached stop orders in managing a trade. I don't want the stops to take effect until their triggers are reached. One stop is for .9% in the unfavorable direction from the current market price, and is triggered when price has moved 1% in the favorable direction. It will then trail tick by tick. The other stop is not trailing but just triggered. It should be triggered when price moves in the unfavorable direction from the entry price by .5% and should flatten the position when price reaches .1% in favorable direction from the entry price. I know this is a complex order and would appreciate if you could point me in the right direction. Despite studying the documentation, I don't think I understand the terms or how to set this up. Any tips would be great. |