[Feature Request 🔧] Trailing Stop Loss Order

Hello everyone!! Guys what do you think of freetrade adding a trailing stop-loss feature in the app? This help protect some of the profits we make on future trades. For those who knows and see the importance of this feature please vote…
Trailing Stop Loss

From best i can provide for topic

A trailing stop loss sets the stop-loss order at a fixed amount of pips above or below the market price, depending on whether the position is SELL or BUY. As long as the market is moving in your favor, the stop loss will move with it, maintaining the same locked-in pip distance from the current market rate.

For example, if you set TSL for a BUY position, the stop loss will rise with the market in one-pip increments. This is why it’s called a ‘trailing’ SL; as the price rises, the stop loss rises with it. However, if the market is moving in the opposite direction i.e., if the price is falling, the stop loss will not change and a close order will be submitted when the stop loss rate is reached % set on.

Hello everyone!! Guys what do you think of freetrade adding a trailing stop-loss feature in the app? This help protect some of the profits we make on future trades. For those who knows and see the importance of this feature please vote…
Trailing Stop Loss

From best i can provide for topic

A trailing stop loss sets the stop-loss order at a fixed amount of pips above or below the market price, depending on whether the position is SELL or BUY. As long as the market is moving in your favor, the stop loss will move with it, maintaining the same locked-in pip distance from the current market rate.

For example, if you set TSL for a BUY position, the stop loss will rise with the market in one-pip increments. This is why it’s called a ‘trailing’ SL; as the price rises, the stop loss rises with it. However, if the market is moving in the opposite direction i.e., if the price is falling, the stop loss will not change and a close order will be submitted when the stop loss rate is reached % set on.

When adding a stop loss to an open position, would be good if it could be set as a percentage. This would make it so users can decide if they happy to go up to a certain percentage of loss on their initial investment, so say the user is happy with a loss of up say 20% or 35% and at that point it pulls the position.

What you are describing is called a trailing stop loss order. It’s been proposed already, vote for it here:

@Freetrade_Admin @freetrade_user @freetrade

Hi FT,

I was reading about TSL in etoro - feature looks good and is there any option or future development pipeline to implement the same in FT.

Trailing Stop Loss (TSL) is an exciting feature we have added in response to feedback from our valued trading community.

A trailing stop loss sets the stop-loss order at a fixed amount of pips above or below the market price, depending on whether the position is SELL or BUY. As long as the market is moving in your favor, the stop loss will move with it, maintaining the same locked-in pip distance from the current market rate.

For example, if you set TSL for a BUY position, the stop loss will rise with the market in one-pip increments. This is why it’s called a ‘trailing’ SL; as the price rises, the stop loss rises with it. However, if the market is moving in the opposite direction i.e., if the price is falling, the stop loss will not change and a close order will be submitted when the stop loss rate is reached.

With respect, there’s no need - or benefit - to tag people when posting an idea. If an idea gets enough votes and is deemed good by the company, that’s what counts. On this occasion, a search would have helped, as it’s been suggested previously. Feel free to vote on the idea below.

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Got it :+1:

Isn’t it time freetrade added a trailing stop loss option on plus, it would be really helpful with this fluctuating market at the moment.

2 Likes

Isn’t it time freetrade added a trailing stop loss option on plus, it would be really helpful with this fluctuating market at the moment.

Community must vote this feature up!

It available on other trading platforms and would be great to have this added to the chargable plans Standard and Plus for monthly subscription members.

Stop and Limit are great at the moment but trailing would allow greater control and flexability when managing our investment risks.

I do hope it is developed and added in the near future.

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‘Advanced order types’ is mentioned as something they are working on in the latest pitch deck.

Hopefully that means a Trailing Stop Loss :crossed_fingers:

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How is this not available yet?

It’s one of the most basic features of any investing platform.

Especially helpful and a good safety feature for new investors.

As others have said, I hope this is in the works.

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Think you will be waiting a while :joy:

Hi guys

Would be great if you can update us on this!

Please make this happen

Can freetrade give us an update on this? This is an extremely useful tool to have. I have started using another platform for this reason alone.

2 Likes

Now would be a good time to revisit this request considering the current market movements in certain stocks.

1 Like