Advanced Trailing Stop Features
Please add the following features to CQG Desktop
Step Trailing Stop
The Step Trailing Stop order type is a trailing stop order type that trails the market price by the specified Trail Offset and moves in steps by the specified Step Amount. For example, if you are using a Sell Step Trailing Stop order type, the parent order price or the current market price is 100, the Stop Offset is 5 or you have set the Stop price to 95, both of which will establish a Trail Offset of 5, the Step Amount is 2, then when the market price moves from 100 to 102, then the stop price will move to 97 which is trailing the market price by 5. When the market moves to 104, then the Stop will move to 99. The movement is not tick by tick, rather in steps of the Step Amount.
Triggered Step Trailing Stop
The Triggered Step Trailing Stop order type is a trailing stop order type that trails the market price in steps of the Trail Offset.
The trailing action only begins when the Trigger Price has been reached.
For example, if you are using a Sell Triggered Step Trailing Stop type, the initial stop price is 95, the market price is 100, the Trail Offset is 5, and the Trigger Price is 110, then when the market price moves to 110, the trailing action will begin and at that time the stop will be moved to 105. When the market moves to 115, then the stop will move to 110. The movement is not tick by tick, rather it steps as the Trail Offset.