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ATC Trader User Guide
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Trailing Stop
Trailing Stop Loss (TrSTP)
A complex stop-loss order in which the stop loss price is set at some fixed percentage below the market price. If the market price rises, the stop loss price rises proportionately, but if the stock price falls, the stop loss price doesn't change. This technique allows an investor to set a limit on the maximum possible loss without setting a limit on the maximum possible gain, and without requiring paying attention to the investment on an ongoing basis.
Trailing Stop Limit (TrSTP LMT)
Place a TrSTP which is a complex stop-limit order in which the stop limit price is set at some fixed percentage above or below the market price. If the market price falls or rises, the stop loss price fall or rise proportionately, but if the stock price rises or falls, the stop limit price doesn't change. This technique allows an investor to set a limit on the maximum possible loss without setting a limit on the maximum possible gain, and without requiring paying attention to the investment on an ongoing basis. Once the TrSTP has been activated at or above/below depending on the SIDE the commodity was traded; the order will not be filled unless the price remains at or drops/rises in relation to the LMT level.
Enabling and setting TrStp factor:
Click on the Shield icon at the top of the DOM.
Check the Trailing Stop box. Set the desired factor for the trailing stop.TrStp and Bracket Order:
Click on the Shield icon and the Bracket Order icon at the top of the DOM.
Check the Trailing Stop box and set the desired factor.
Check the desired Stop and Limit boxes and set factors. (See Bracket Order)