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I see some very old discussions on this with a “T-5” type notation, but can’t figure out if there is a currently supported way to enter a stop loss in WebTrader set at an amount in reference to the price attained with the trade.
So I enter a MOO (a fake one using a park as I can’t find a way to enter a real MOO) and want a stop loss $4 below whatever entry price I get (the amount is exemplary only). Alternatively, I’ve seen references to a system wide stop loss as a percent. That would work great as well but can’t find any current references to it.
Yes, we previously supported these types of orders (what we called “relative orders,” i.e. telling C2 to “put a stop loss at -$5 whatever entry price I receive”) but we stopped supporting them a few years back. I would like to bring them back, when I have the bandwidth.
So, for now, the answer is: “Not supported.” But with the caveat of “Maybe they will be again.”
Thanks, Matthew, for the update. Is there any way to implement a system wide stop loss percentage (some sort of failsafe stop loss that is configurable)?