Trailing Entry orders

Trailing Entry Stop works as follows: if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Stop moves with the market price, following it at a pre-set distance; if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Stop price remains fixed and, if the market price reaches the Trailing Entry Stop order price, the order will be executed and a new position opened.

 

Trailing Entry Limit works as follows: if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Limit moves with the market price, following it at a pre-set distance; if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Limit price remains fixed and, if the market price reaches the Trailing Entry Limit order price, the order will be executed and a new position opened.

 

Trailing Entry Stops/Limits have the same logic as Trailing Stop orders on a position. For a specific example of how a trailing order behaves in relation to the market price, please see the Trailing Stop Example.

 

To place a Trailing Entry order, check the “Trailing Distance” check box in the order window.

 

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