To send a Trailing Stop order from the Mosaic Order Entry:
- Enter or select a symbol and then click Buy or Sell
- Set the order size and select TRAIL as the order type
- Enter a trigger price to determine at what price the Stop will activate; if left blank, the order uses the current price to determine the Stop price minus Trailing amount
- Enter a trailing amount; this is the distance below the last traded price (for Sell Stop orders) at which the Stop is submitted if no Stop price is entered or if the market rises
- Select the appropriate time in force
- Hit SUBMIT.
Please Note
- Attached Trailing Stop orders are only supported for limit or stop-limit parent orders.
Additional Information
- Trailing Stop orders page of the IBKR website.
- Trailing Stop in the TWS Users' Guide.
- Trailing Stop Study Notes