Trailing Stop when low price crosses moving average


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Hi guys, thank you. As simple as it is, I’m not able to get this to execute properly. I just need a custom trailing stop to automatically sell once the low crosses (below) a moving average.

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Posted by (Questions: 1, Answers: 1)
Asked on April 16, 2018 11:24 am
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Simple question, simple answer. Two screenshots demonstrate how this is setup in the Condition Wizard. The order will need to be a sell order. The price rules will need to be set to MARKET. Always practice using PaperMoney and/or Study Alerts before applying to a live account. User assumes all risk associated with using this solution.

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Posted by (Questions: 37, Answers: 4079)
Answered on April 16, 2018 12:02 pm
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I tried these exact parameters on thinkorswim on three different trades and it didn’t execute any of them. I’m not sure why it’s so stubborn. 

( at April 17, 2018 11:26 am)
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You were sure to adjust the price rules?

From my answer: “The price rules will need to be set to MARKET”.

The price rules default to limit. This will cause the order to fail to execute until the limit price is touched. You must use a market order.

( at April 17, 2018 11:43 am)
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Hey thanks, it actually filled a few moments later.

( at April 17, 2018 12:08 pm)