Trailing Entry Stop works as follows: if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Stop moves with the market price, following it at a pre-set distance; if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Stop price remains fixed and, if the market price reaches the Trailing Entry Stop order price, the order will be executed and a new position opened.
Trailing Entry Limit works as follows: if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Limit moves with the market price, following it at a pre-set distance; if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Limit price remains fixed and, if the market price reaches the Trailing Entry Limit order price, the order will be executed and a new position opened.
To place a Trailing Entry order, check the “Trailing Distance” check box in the order window.
