desktop:desktop_trailing

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Next revision		 Previous revision
desktop:desktop_trailing [2023/12/27 14:19] – created robdesktop:desktop_trailing [2025/07/25 13:26] (current) – grant
Line 1: Line 1:
 ====== Trailing ====== ====== Trailing ======
  
 +**Trailing orders** automatically track the market's best **bid** or **offer** price.  
 +As the market moves **away** from the order, it is revised to maintain the same distance from the best bid or offer.  
 +If the market moves **back toward** the order, the order **will not** be revised.
 +
 +**Note:**
 +  * Revisions occur **every 10 seconds**.
 +  * The order is revised to track the **largest movement** during that 10-second interval.
 +
 +Trailing stops are especially useful when you are **not actively watching** the market.  
 +They help enforce a **loss limit** if the market goes against you, while allowing you to **capture profits** (or reduce losses) if the market moves in your favor and then reverses.
 +
 +===== Setting a Trailing Stop Order =====
 +
 +  * **Set a volume greater than zero**  
 +    - Use the **Number Picker** or **Volume Bar**.
 +
 +  * **Set the Stop Order toggle**  
 +    - Select one of the stop order types.  
 +    - It will change from **black to orange**, indicating the next order will be a **stop order**.
 +
 +  * **Set the Trailing Order toggle**  
 +    - Select the trailing order type.  
 +    - It will change from **black to orange**, indicating the next order will be a **trailing order**.
 +
 +===== Placing Trailing Stop Orders =====
 +
 +==== Buy Trailing Stop ====
 +  * Left-click in the **My Bid** column **above** the current market.
 +  * The order will revise to **lower prices** if the market moves down.
 +  * If the market moves up, the order will **remain** at the current trigger price.
 +
 +==== Sell Trailing Stop ====
 +  * Left-click in the **My Offer** column **below** the current market.
 +  * The order will revise to **higher prices** if the market moves up.
 +  * If the market moves down, the order will **remain** at the current trigger price.
 +
 +{{desktop:realTS2.png?400}}
 +
 +===== Confirming the Order =====
 +
 +  * When the confirmation window appears:
 +    * Click **Yes** to submit the trade.
 +    * Click **No** to cancel the trade.
 +
 +{{desktop:realTS.png?1000}}
  • desktop/desktop_trailing.1703686741.txt.gz
  • Last modified: 2023/12/27 14:19
  • by rob