I have a question about how to maximize gain with trailing stop order and bracket order. Below is an illustration of the problem.
Let’s say I have submitted a trailing stop order, and when the stop price is triggered the total gain is Y%. If the gain is higher than my expectation of X% then that’s great, but if not, will I be able to use either bracket order or limit order to set a take profit price at X% while discard the trailing stop price?
I don’t think it’s some existing features, and to let it work, it seems at trailing stop price there needs to be some if-else conditions of whether to hold on the trailing stop sell and at the same time submit a bracket/limit order.
I’m not sure if this is some doable case.
Thanks for taking a look!