A trailing stop limit order is designed to allow an investor to specify a limit on the maximum possible loss, without setting a limit on the maximum possible gain.

A SELL trailing stop limit moves with the market price, and continually recalculates the stop trigger price at a fixed amount below the market price, based on the user-defined "trailing" amount.

The limit order price is also continually recalculated based on the limit offset. As the market price rises, both the stop price and the limit price rise by the trail amount and limit offset respectively, but if the stock price falls, the stop price remains unchanged, and when the stop price is hit a limit order is submitted at the last calculated limit price.

Trailing Stop Orders | Interactive Brokers

A "Buy" trailing stop limit order is the mirror image of a sell trailing stop limit, and is generally used in falling markets. IB may simulate stop-limit orders on exchanges.

For details on how IB manages stop-limit orders, click here. The Reference Table to the upper right provides a general summary of the order type characteristics. The checked features are applicable in some combination, but do not necessarily work in conjunction with all other checked features. For example, if Options and Stocks, US and Non-US, and Smart and Directed are all checked, it does not follow that all US and Non-US Smart and direct-routed stocks support the order type.

It may be the case that only Smart-routed US Stocks, direct-routed Non-US stocks and Smart-routed US Options are supported. You set a trailing stop limit order with the trailing amount 20 cents below the current market price of The trailing amount is the amount used to calculate the initial stop price, by which you want the limit price to trail the stop price.

To do this, first create a SELL order, then click select TRAIL LIMIT in the Type field and enter 0. In a trailing stop limit order, you specify a stop price and either a limit price or a limit offset. In this example, we are going to set the limit offset; the limit price is then calculated as Stop Price — Limit Offset.

You enter a stop price of You submit the order. You transmit your order. The market price of XYZ continues to drop and touches your stop price of A limit order to sell shares of XYZ at IB SM , InteractiveBrokers.

Using Trailing Stop Orders with Your Online Broker - ykewobuzyjeca.web.fc2.com

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Trailing Stop-on-Quote Orders | Scottrade

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Example Order Type In Depth - Trailing Stop Limit Sell Order. Step 2 — Order Transmitted You transmit your order.

Assumptions Avg Price Step 5 — Market Price Touches Stop Price, Limit Order Submitted The market price of XYZ continues to drop and touches your stop price of Investors' Marketplace Investor Relations Careers Site Map System Status. Privacy Notice Forms and Disclosures Customer Identification Program Notice Cyber Security Notice IB SM , InteractiveBrokers.