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Date/Time: Sun, 12 May 2024 09:39:54 +0000



Post From: STOP Order

[2024-03-06 20:26:29]
User90003 - Posts: 21
Hi
I would like your advice on entering the market and I am not sure what to do. I have tried a lot.
I trade the Nasdaq market which is very fast.
Situation. When the fast move starts, I need to enter a STOP order into that move, but it will be 10 ticks from the current price (below/above the current price) and will follow the price until the price reverses. The moment the price reverses the STOP order will then be activated.
I have tried various trailing stop order options, but I have never gotten an order stop to open 10 ticks from the current price. Sometimes the order fills right away, sometimes the order opens 20 ticks or more from the price and I haven't figured out what I'm doing wrong.
What do I need to set everything up please.
Thank you for your help.