TradeStation Help

Placing Trailing Stop Orders

The Trailing Stop order option is an advanced order setting that is used with a Stop Market order type. This allows you to set a trailing stop to a specified point or percentage amount from the current price (Last).

Placing a Dollar Amount Trailing Stop Order

1. From the Order Bar, click Advanced to display the advanced parameters.
2. Place a check mark next to Trailing Stop.
   
3. Select Pts to specify the points trailing stop.
4. Enter an Amt that represents the difference between the Last price and the Trail.  

Placing a Percentage Trailing Stop Order

1. From the Order Bar, click Advanced to display the advanced parameters.
2. Place a check mark next to Trailing Stop.
   
3. Select % to specify the percentage trailing stop.
4. Enter an Amt that represents the percentage above/below the Last.