Trailing Stop Limit (TrSTP LMT)

 

This is a complex stop-limit order in which the stop limit price is set at a fixed factor above or below the market price. If the market price falls or rises, the stop loss price falls or rises proportionately, but if the market price rises or falls, the stop limit price does not change. This strategy allows a trader to set a limit on the maximum possible loss without setting a limit on the maximum possible gain, and without requiring paying attention to the investment on an ongoing basis. Once the TrSTP is activated above/below depending on the Side the commodity was traded; the order is not filled unless the price remains at (drops/rises) in relation to the limit level.