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 Price Amount Trailing Stop Order
- From the Trade Bar, click Advanced to display the advanced parameters.
- Place a check mark next to Trailing Stop.
- Select Pts to specify the points trailing stop.
- Enter an Amt that represents the difference between the Last price and the Trail.
Placing a Percentage Trailing Stop Order
- From the Trade Bar, click Advanced to display the advanced parameters.
- Place a check mark next to Trailing Stop.
- Select % to specify the percentage trailing stop.
- Enter an Amt that represents the percentage above/below the Last.