Topic: Advanced Order
(2 messages, Page 1 of 1)
Joined: May 29, 2008
Hello, I have a bit of a different scenario for a trade order strategy. I'm not sure if I can fit this into any of your current advanced order types. It's a bracket order with a trailing stop which moves only one time.
Let's say the market is currently at 100.
Buy Stop placed at 105.
If filled Sell stop placed at 90 and sell limit placed at 125 OCO.
I use the typical bracket order for that.
I do not want to do a typical trailing stop with it. I want to move the stop one time only.
If the market moves to 115 move the stop to 105. That's it. Don't move it again.
Basically I want to move the stop to break even once the market moves a certain amount. But I'd rather not keep trailing the stop behind the market a certain number of ticks.
Hope that makes sense.
Any thoughts on how I can accomplish this?
Joined: Jan 26, 2007
As I understand, it looks like just another stop order. TradeStation has something similar called breakeven stop.
However, this order type is not currently supported in our API.