force lock up the stop

P

Peter

Is there any trading platform offer the feature of locking the stop order? I have a bad habit to loose up my stop and got burned several time. I think an none-editable stop would help/force me to honor my stop when trade goes against me. Thanks for your help.
 
If you use Interactive Brokers, you can get the 3rd party order management tool ButtonTrader(www.buttontrader.com) and use its risk management limits to lock your exposure. The Buttontrader does not allow to move your stop beyond your monetary stop limit.

IMO, you should give some thoughts on "why" you've tendency to move your stops. Is it about accepting loss, the fear of being wrong, or the attachment to your view, etc. This article my be helpful: http://www.tradingmarkets.com/.site/forex/how_to/articles/-74341.cfm
 
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