Hi everyone, wanted to ask some questions about how to execute trailing stops and other orders from people who use the ACM trading platform.
I have spoken to reps from the company but I am having a hard time understanding them because of their accents and possibly how ACM term their orders.
ok here goes. When I am using other platforms, when I place an order, I will have the option to trail the order etc. When I am on the ACM market platform and select a trailing stop, it does not place the order but instead will place a buy stop or sell stop the number of pips you set it from market price. I wanted to place a trailing stop order in which my stop loss will trail the market.
When I spoke to the rep, she gave me a way to set the trailing stop loss order but I found it a little confusing. For me to get a trailing stop order following market price, I would have to enter a market order and then attach the trailing stop order to it. I have done that and it seems to work. However, I have an issue with it as I am vulnerable for a few seconds because I do not have a stop loss in place. What I would like to know is:
1. Is there a way that I can place a market order with a trailing stop order in one go rather than having to place a market order and then a trailing stop order.
1b. Can I place a market order that has a trailing stop AND a limit in one go?
2. Can a create a buy/sell limit with a trailing stop?
3. Can a create a buy/sell stop with a trailing stop?
I will be emailing these questions to the rep as well, but would love to have someone with experience on the platform assist me.
I have spoken to reps from the company but I am having a hard time understanding them because of their accents and possibly how ACM term their orders.
ok here goes. When I am using other platforms, when I place an order, I will have the option to trail the order etc. When I am on the ACM market platform and select a trailing stop, it does not place the order but instead will place a buy stop or sell stop the number of pips you set it from market price. I wanted to place a trailing stop order in which my stop loss will trail the market.
When I spoke to the rep, she gave me a way to set the trailing stop loss order but I found it a little confusing. For me to get a trailing stop order following market price, I would have to enter a market order and then attach the trailing stop order to it. I have done that and it seems to work. However, I have an issue with it as I am vulnerable for a few seconds because I do not have a stop loss in place. What I would like to know is:
1. Is there a way that I can place a market order with a trailing stop order in one go rather than having to place a market order and then a trailing stop order.
1b. Can I place a market order that has a trailing stop AND a limit in one go?
2. Can a create a buy/sell limit with a trailing stop?
3. Can a create a buy/sell stop with a trailing stop?
I will be emailing these questions to the rep as well, but would love to have someone with experience on the platform assist me.