Trailing Stop BEFORE Placing Order
X has Trailing Stop order as an after-math where you have to place an order with a SL and TP targets, THEN manually place the Trailing Stop AFTER the order has ben executed, you would also have to manually cancel the SL. Most other platforms allow you to set-up and choose a Trailing Stop BEFORE you place the trade.
This request was merged into another request
Comments2
nickrobs
May 11
•Merged request
•2 votes
Auto Trailing Stop
When setting risk brackets, there should be an option for a Trailing Stop that is applied automatically when entering a trade. It is time-consuming and unintuitive to enter a trade and set a separate order for the trailing stop. By the time it is set up properly, the price can move unfavorably, specially when trading with volatile instruments. By adding an auto-trailing stop as a feature, Topstep will be providing an efficient and effective tool to help traders mitigate their losses.
Joel Schmit
May 7
•Merged request
•1 vote
Feature for trailing draw down
Ability to set trailing drawdown to start at a certain value like . At say $500 it engages the trailing drawn down.