LPO Limit pullbackorder

Stereotrader has this. It is to enter a trade in the best position of a pullback.

Explanation of the limit pullback order: You place a limit order as usual as an entry or take profit. If the price is reached, the limit order becomes a trailing stop order with a point distance that you individually set. If the price runs through the limit price at a constant rate or at a high speed, you can exit with more profit or enter at a cheaper rate. In the video you can see a limit order at 12367 as take profit, which is triggered and then becomes a trailing stop with a 2.8 point distance. The order is later executed at 12363.4 and thus +3.6 points better than the limit price.