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The DeCarley Trader, a customized version of StoneX Futures and CQG Desktop, can handle server-held trailing stop and trailing limit orders. This means the stop loss will trail the market continuously whether the platform is open or not. Trailing stops enable traders to automatically adjust their stop-loss orders with incrementally favorable market movement.
00:00 Intro to trailing stop loss and limit orders
00:40 Placing trailing stops on any widget or page in the trading platform
01:20 How to place a trailing stop using the standard order entry ticket on the Home Page of the DeCarley Trader
02:10 Review of stop order vs a limit order
03:23 How the trailing stop distance is determined
05:28 How the trailing stop feature operates
06:18 Placing trailing stops from the Charts / Quotes page (directly on a futures chart)
08:45 Review of the chart trading pad, scrolling up and down to reveal additional functions.
09:25 Placing a trailing stop from the quote board
09:47 Placing a trailing limit order and the system safety features to minimize mistakes between order types
13:48 Trailing both a stop and limit order simultaneously
14:08 Avoiding mistakes with trailing stops and limits
14:38 Clarifying how enabling trailing stops on one widget doesn't apply to other widgets and pages.
15:22 Trailing order preferences for each contract
16:57 Day orders vs GTC orders when using trailing stops
18:48 Free platform demo registration and trailing stops summary
The DeCarley Trader, a customized version of StoneX Futures and CQG Desktop, can handle server-held trailing stop and trailing limit orders. This means the stop loss will trail the market continuously whether the platform is open or not. Trailing stops enable traders to automatically adjust their stop-loss orders with incrementally favorable market movement.
00:00 Intro to trailing stop loss and limit orders
00:40 Placing trailing stops on any widget or page in the trading platform
01:20 How to place a trailing stop using the standard order entry ticket on the Home Page of the DeCarley Trader
02:10 Review of stop order vs a limit order
03:23 How the trailing stop distance is determined
05:28 How the trailing stop feature operates
06:18 Placing trailing stops from the Charts / Quotes page (directly on a futures chart)
08:45 Review of the chart trading pad, scrolling up and down to reveal additional functions.
09:25 Placing a trailing stop from the quote board
09:47 Placing a trailing limit order and the system safety features to minimize mistakes between order types
13:48 Trailing both a stop and limit order simultaneously
14:08 Avoiding mistakes with trailing stops and limits
14:38 Clarifying how enabling trailing stops on one widget doesn't apply to other widgets and pages.
15:22 Trailing order preferences for each contract
16:57 Day orders vs GTC orders when using trailing stops
18:48 Free platform demo registration and trailing stops summary