====== 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}}