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Futures Trades-Trailing stop loss

How do I set up the trailing stop loss on my trades?

Thanks

It would help if you specify the platform you are using.

Matt Z
Optimus Futures

Rithmic and Optimus flow (your platform)

Thank you,
Mike

Hello @Mike,

Thank you for your question on trailing stops.

At this time you will find this feature located in the OE - Order Entry panel or DOM - Depth of Market.

Before you enter your trade, you would want to “pre-configure” the stop loss leg of your order. As you can see in the image below, when you enable the stop loss leg, we have added a new button for trailing orders.

If the Trailing order button is enabled upon order entry, the stop-loss leg will change behind the price when it goes into the profit zone. If the price goes to the stop-loss, it will remain at its level.

The numbers that you configure here represent ticks. 1 ticks = a quarter-point and 4 ticks = One full point.

As you can see we added trailing stops to the following section of the DOM panel as well:

I hope this helps!
Thanks,
Jake
Optimus Futures Support :optimus_logo_no_backroug:

Disclaimer: The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.