Would like to be able to enter Trailing Buy Stop Limit orders such that if a stock I wish to purchase opens below my BTO limit and then plummets further, my order can trail it down until the stock’s price reverses and hits my trailing stop trigger, at which point my limit order will be entered at whatever limit offset I’ve specified. (I understand that, depending on how tightly I set the offset, I may not get a fill–and that’s OK with me, as there will be other opportunities.)
IB has the ability to handle such orders.
Any chance y’all could put this on your “to do” list?
Trailing stops are unlikely to be implemented on C2 in the short-term future (natively, anyway), but you can certainly use a helper program to manage them, such as TradeStation, NinjaTrader, MetaTrader, etc. As far as longer-term development, it is something we are evaluating.
As a developer I can appreciate the complexity of implementing trailing stops – having C2 track every system’s open trades with trailing stops and then generating a sell is a pretty big feature, not to mention the dedicated processing time required. Good luck.
