With a 1% Trail-Stop order - if you go long and if the market goes up 1% and then down 1% you get stopped out at the near the same price you entered. Is a 'reverse' trail-stop possible whereby if you go long - and if the market goes down 1% and then up 1% and your get out of the position near the same price you entered?
I think I may have found it. http://www.interactivebrokers.com/e..._if_touched.htm#XREF_74566_Trailing_market_if http://www.interactivebrokers.com/e...t_if_touched.htm#XREF_76968_Trailing_Limit_if
I'd like to have a reverse stop-limit order; price is penetrated, my limit order is then made active to enter with a little price improvement... with Sierra Charts Chart Trader and IB I don't seem to be able to do that... they have stop limit orders but I want to be able to place the limit in the other direction from what I am able to currently... Edit: hmmm, I played with it a little bit, I can't preset the offset to be in the direction I want but I can place the order and then move the limit price to where I want it... how that will play with IB and a market is yet to be seen...