Trailing Stop Loss Order

This feature would have saved days like today. Getting out of plays in a timely manner so that we have enough cash to buy the dip. but nope, we don’t have this feature, we need to exit one by one.

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I would also like this feature - very useful when you want to limit your exposure.

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I would also love to see this in the not so distant future, I’d have it on near all my positions.

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Apologies if a stupid question but is this a scheme done elsewhere? It seems like too simple an idea that would be a no-brainer but if everyone did this would that not make the market more volatile? I mean surely everyone in theory couldn’t do the same as you have to have winners and losers.

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.

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It’s a great idea, I hope it’s in the works :+1:.

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Hi Adam, thanks for messaging… you have got it right that is exactly what i meant… it give abit more protection especially to first time investors…

Is this being developed as I could really do with using it please

this would be a superb feature to add, making portfolio management of risk that much easier

Can someone combine this with

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This would be an excellent feature

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Another vote for trailing stop loss with options for a percentage and/or pound figure.

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Hi Gary yes!! Market will be volatile but it helps manage the risk better

Trailing Stop Loss feature would make me immediately go for the Plus account. It’s a must have.

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@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.

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I came here to ask if the stop loss feature meant also trailing stop. It seems that it does not yet, so here is another vote. If you did add it, I’d hands down upgrade to premium

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Any news on this? is it even on the roadmap?
Updating all my stop loss orders every few days is REALLY tedious, and I pay my plus just for this feature, and everyday the market goes up I feel more urge to ensure I keep as much of the up side as I could!

I think this would be a great addition to Plus features.

The way I see it working to keep it very simple (& therefore easier to build):

  1. User picks Trailing Stop Loss from default values, say 10%, 25% or 50%
  2. Trailing Stop Loss is updated at the end of each trading day (if end of day price is a new high)

That way Freetrade’s Invest Platform doesn’t have to worry about intraday highs and it doesn’t encourage day trading.

@hookedinvesting

Exactly! Very simple, follow 80 / 20 rule, and deliver simple feature that solves most of the problem.

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I would allow custom percentage though to avoid being at the same level as many other people :sweat_smile:

I would make my percentage 7.9357% :joy::joy: