Common use of Trailing Stop Order Clause in Contracts

Trailing Stop Order. 2.5.1. The trailing stop order is a stop order as described above but the trailing stop price moves according to parameters set by the client. This way the trailing stop can be used to sell if the price drops more than a specified distance from the highest price traded or to buy if the price trades above a set level from the lowest traded price.

Trailing Stop Order. 2.5.1. The trailing stop order is a stop order as described above but the trailing stop price moves according to parameters set by the client. This way the trailing stop can be used to sell if the price drops more than a specified speci¬fied distance from the highest price traded or to buy if the price trades above a set level from the lowest traded price.