Trailing stop loss

Discussion in 'Strategy Development' started by Kris, Jul 21, 2008.

  1. Kris

    Kris

    I have a beginner question here...

    Do some platforms have automatic trailing stop losses available as an option? Any stop limits I enter on Webtrader have to be done manually... I wonder if on other platforms this is an automatic feature? I assume it is I just don't know where I would find it...

    ie buy stock at $10, put in an auto trailing stop loss, it goes to $15 before dropping to $13 and I get stopped out at $14 automatically.

    Does this feature exist in equites? forex? futures?
     
  2. amitman

    amitman

    Every direct access broker have trailing stops. If your broker don't have it I'd suggest leaving him immdieatly
     
  3. Kris

    Kris

    Is this the case in stocks, forex, and futures?
     
  4. Ansare

    Ansare

    Yes. I encourage you to check out thinkorswim.com

    Ansare