The Advanced Order Ticket enables you to place parameters on an order so it can be sent to the market when the time or condition is right for you. For example, if you are unable to monitor the markets but want to place an order when a security reaches a specific price, you need only set up an Advanced Order. OptionsHouse can execute the following Advanced Order types:
- A Trigger specifies certain conditions necessary for an order to be entered.
- Trailing Stop:
- A Trailing Stop order is a stop order that adjusts as the price of a security moves. The stop price is placed at a set distance above or below the current price. The stop price then adjusts in the selected direction as the price of the security moves.