Quote:
Originally Posted by Racin_rick
Hello Everyone,
Suppose I wanted to go long US/JPY, the current price was 104.38, yet I wanted to BUY at 104.62 and set a 10 pip trailing stop so that in the worst case scenario I would be stopped out at 104.52.
Racinrick
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OK here we go...
You are wanting to do a 'STOP+TRAILING STOP' order entry. So, on your positions screen (or where ever you make your order entries) use the 'Order Type' pull down menu and choose 'STOP+TRAILING STOP' as your order entry type. Enter 104.62 in the 'STOP PRICE' window, then adjust the 'Trailing Stop' to 10 pips and then click 'BUY'...that's it! Your trade will fire off when it reaches 104.62 and and your trailing stop is set at 10 pips.
Here are some other order entry types....
http://www.efxgroup.com/f/EFX-order-entry-guide.pdf
It's pretty flexible once you get the hang of it.
Hope that helped. Let me know how it turned out for you.