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.

• Set a volume greater than zero
  1. Use the Number Picker or Volume Bar.

• Set the Stop Order toggle
  1. Select one of the stop order types.
  2. It will change from black to orange, indicating the next order will be a stop order.

• Set the Trailing Order toggle
  1. Select the trailing order type.
  2. It will change from black to orange, indicating the next order will be a trailing order.

• 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.

• 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.

• When the confirmation window appears:
  • Click Yes to submit the trade.
  • Click No to cancel the trade.