Trailing Limit

This intelligent order is similar to a Trailing Stop order. In this case the deviation is entered with a Limit Price.

A Trailing Limit sell order is used to immediately realize a profit using a Stoploss order with a flexible Stop Price. The current value of the Stop Price for a sell order is automatically moved upwards with a pre-defined deviation from the best bid on the market until a change in the price trend occurs from the previous highest bid, e.g. the best bid begins to fall. A buy order is activated once all the Stoploss order conditions are met for the last defined Stop Price value. Therefore, a Trailing Limit sell order attempts to make a sale below the local or daily maximum during changing trends.

For a Trailing Limit buy order, the current value of the Stop Price is automatically shifted down to the predefined deviation from the best offer on the market until a change in the price trend occurs, e.g. the best offer begins to increase. A buy order is activated once all the Stoploss order conditions are met for the last defined Stop Price value. A buy Trailing Limit therefore waits for a drop in the price and tries to purchase above the local or daily minimum during a change in the trend.

At the same time the Stop Price moves automatically in the same direction and using the same principle as the Limit Price for the order. If the Trailing Limit is met, the buy or sell order is only completed at the price of the bid or offer falling within the selected Limit Price deviation range.