Feature Description: Add the ability to create trailing entry orders based on user-defined price levels, without requiring attachment to technical indicators. This functionality is typically only available on expensive professional platforms like Sierra Charts, giving your platform a significant competitive advantage if implemented.
Use Case Example: When trading the S&P 500, imagine the price is at 5000 and I anticipate a drop to 4950 with a potential reversal at that level. Markets rarely behave perfectly, so here's how the feature would work:
When price hits 4950, it triggers a conditional trailing buy order
I set my trailing deviation (e.g., 4 ticks)
If price continues falling from 4950 down to 4850 (a $100 move which is common in S&P 500), my trailing order follows the price down
When price eventually reverses and starts moving up sharply (as often happens after steep drops), my order executes at my deviation setting
This gets me into a long position at a much better price than my original 4950 level
This functionality must work for both long and short positions to be truly effective.
Business Benefits:
Attract traders from expensive platforms by offering professional-grade order types
Differentiate your platform in a crowded market
Address a genuine pain point for traders in volatile markets, especially scalpers
Create loyal customers who rely on your unique functionality
Trader Benefits:
Get better entries during market reversals
Reduce risk by avoiding early entries before capitulations
Capture optimal entry points without constant manual adjustment
Save significant money compared to platforms charging premium fees for this feature
Implementing this feature would significantly enhance your platform by bringing professional-level order functionality typically reserved for much more expensive platforms. This could be a major selling point to attract new customers seeking advanced order types without the premium price tag.
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In review
💡 Feature Request
11 months ago

Antonio
Get notified by email when there are changes.
In review
💡 Feature Request
11 months ago

Antonio
Get notified by email when there are changes.