Stop Loss Trigger

Discussion in 'Trading' started by andysmith, Jun 9, 2008.

  1. Is the ASK or LAST a better trigger for sell stops?
  2. Bid/ask stop triggers are far, far superior to last price triggers, IMO; however, I haven't seen many software platforms which offer it. IB offers it through TWS, and it's available with XTrader via a third-party app for MD Trader.

    Bid/ask triggers are especially good for markets with a lot of noise, a wide bid/ask spread, or ones that can creep considerably past your trigger price without a trade going off (e.g., natural gas, silver, RBOB).

    I wish NinjaTrader would offer them.