I'm using Optionshouse and I couldn't figure out how to do this. Here's what I want:
- Stock is currently at $50.
- If the stock drops to $48 I want to enter a trailing stop limit buy order.
- The trailing stop is $0.05 and the limit is $0.15. So basically, if the stock rises by $0.05 after going below $48, I want to buy X shares, BUT if it rises by more than $0.15 I don't want to buy it.
The only way I could figure out to "hack" this order together was to create 2 orders. The first order is a limit order to buy 1 share at $48, which when filled triggers the trailing stop limit order with the rest of the shares that I want. This way I'm potentially only buying 1 share at the higher price.
Submitted March 27, 2017 at 01:19AM by Last_Jedi http://ift.tt/2nm3CxE
