4
votes
New order type
submitted by dgeorge 1 year, 1 month ago

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I think it would be useful to have an order type like this: "price and trailing stop". It would work like this: if I have a long position and I want to sell the stocks only if the price goes over a certain value but not necessarily at that value since the stock may continue to rise.Then, after the price is reached, a trailing stop market order follows the stock. This is good when somebody is not around during a certain period.of trading. The same on the short side, of course.

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Users who voted for this idea:
dgeorge - bigelkjim - shaladark6 - FarmerOak

Comments:
dgreorge,
Thanks for the idea. Does the TTO+Trail not work for you in the manner?

Ross
posted by ross_ditlove 1 year, 1 month ago
Thank you for being so kind and answered so fast.

Actually, I don't see "TTO+Trail" among the type orders in my MBT Desktop Pro.
Could you be more specific?
Thanks
George
posted by dgeorge 1 year, 1 month ago
Well I would like to but after looking it appears we lost an order type in this version. I will get to the bottom of this and report back

R
posted by ross_ditlove 1 year, 1 month ago
Yep, its there it just only show once the position is present.

Ross
posted by ross_ditlove 1 year, 1 month ago
I have a position but I still don't see TTO+Trail. Maybe this order type has another name. Please, let me know. Thanks
posted by dgeorge 1 year, 1 month ago
In the TTO template change the "Action" to a closing order type and it should magically appear.

Ross
posted by ross_ditlove 1 year, 1 month ago
Thanks a lot
posted by dgeorge 1 year, 1 month ago
I was just trying to do this very thing. I don't want to use TTO+Trail because I don't want to have a stop loss set, just a trailing stop. Should I just set the stop loss as 0 in order to get around this? I was thinking this would work by placing a conditional order, but when I choose the conditional order trigger, the Trailing Stop option disappears.
posted by shaladark6 11 months, 21 days ago



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