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Some brokers now allow entering stop loss orders that move for you, not
manually readjusted.
I think many folks consider these as trailing stops and the manual as just
stops.
Rik Rasmussen
Stock Analyzer mailing list moderator
http://groups.yahoo.com/group/stockanalyzer/
> -----Original Message-----
> From: Phsst <phsst@xxxxxxxxx> [mailto:phsst@xxxxxxxxx]
> Sent: Sunday, February 23, 2003 10:21 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: cannot buy on open
>
>
> Guess I'm confused.
>
> One of the followup msgs to this thread stated that Scottrade did not
> support trailing stop loss orders.
>
> Trailing stop loss orders are nothing more than STOP orders with a
> price specified that will trigger if the security trades against the
> position and through the STOP price. It is referred to as a 'Trailing'
> Stop Loss order when you peridically change the specified Stop price
> to 'Trail' the price action of the stock price to either limit losses
> or protect gains.
>
> Backtesting software simulates the manual adjustments that must be
> made regurlarly to Stop prices for trailing stop loss purposes.
>
> Is this one of those 'teach an old dog new tricks' thingy's?
>
> Phsst
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