Trailing Stop Limit Order is the type of order that allows you to define a maximum loss limit while preserving unlimited potential gain. On this lesson you will learn more about trailing stop orders and how valuable are they as a tool for U.S. equities, options, futures, and other products. Remember you will have to understand properly, from the main functionality to the procedure on how to enter the order on the platform. As the benefit of this type of order relies in the fact that Trailing Stop Limit orders convert into limit orders when triggered. This provides greater control over execution price.
By incorporating Trailing Stop Limit orders into your strategy, you can enhance risk management within TWS Mosaic while allowing for potentially unlimited profits. Take a look to the step by step of this lesson on how to master all the Trailing Stop Limit orders you introduce.