Trailing Stop-Limit (pending) orders
Trailing Stop-Limit (pending) orders
28 Mar 2021, 02:16
Similarly to a trailing stop, it would be great to have trailing pending orders available.
By adding a trailing function, Stop-Limit orders entry price wouldn't be, any longer, static but variable, as a distance (points/%) from current market price, as it moves further away from the defined price.
So far, I've never seen this available on any trading platform, meaning you have the opportunity to make the difference!
I am also sure this feature would be highly useful to every trader!
E.g.:
1. Stop orders:
1.1. Buy: entry price will follow current market price when it falls and remain unchanged if it rises.
1.2. Sell: entry price will follow current market price when it rises and remain unchanged if it falls.
2. Limit orders:
2.1. Buy: entry price will follow current market price when it rises and remain unchanged if it falls.
2.2. Sell: entry price will follow current market price when it falls and remain unchanged if it rises.
Also, allow trailing Limit-Stop OCO pairs to be defined.
I am sure this would be a great improvement on cTrader trading capabilities!
Many thanks!