How to setup ADJUSTED trailing stop order?

[supersquish]

My adjusted orders are not triggering how I want them to.

For example,

1. Upon entering a position I have a stop order at -15% of my entry price.

2. My position gains 30%

3. At 30% I want to set a trailing 30% stop loss.

I set this up in the order presets below. However, when a position reaches 30% something happens and and I'm sold out of my position at +30%. I don't want that.
I need it to be a TRAILING stop.

What am I doing wrong?

 

[Overnight]

My adjusted orders are not triggering how I want them to.

For example,

1. Upon entering a position I have a stop order at -15% of my entry price.

2. My position gains 30%

3. At 30% I want to set a trailing 30% stop loss.

I set this up in the order presets below. However, when a position reaches 30% something happens and and I'm sold out of my position at +30%. I don't want that.
I need it to be a TRAILING stop.

What am I doing wrong?

What are the choices in the drop down menu for "Auto-Attach Stop Type", aside from Adjustable stop"?

 

[Bad_Badness]

You need to set the Adjusted Stop price also. Otherwise it says " Hit trigger, then stop is current price".

 

[supersquish]

What are the choices in the drop down menu for "Auto-Attach Stop Type", aside from Adjustable stop"?

 

[supersquish]

You need to set the Adjusted Stop price also. Otherwise it says " Hit trigger, then stop is current price".

Oh my goodness. Like this right? It's saying at +30% adjust stop loss to -30% AND trail.

So if I wanted to do a trailing stop loss the Adjusted Stop Price and the Adjusted Trailing Amount
must always match?

 

[Bad_Badness]

No, You can have the two different. E.g. if you set the Adjusted Trail amount to 20%, the first tick after the trigger will move the stop to 20%. Or, e.g if you move the Adjusted trail to 35%, then after the trigger, the price must move up 5% before the 30% adjusted stop will move up and "trail".

Now you know, you can play with it in Sim. But beware if the stop, after the trigger, becomes a "Fixed Pegged" order. See my other post about this behavior on the Future contract ES, in the IB Specific forum

 

[Overnight]

Try a simple trailing stop auto-attach order, see how that works.

 

[supersquish]

No, You can have the two different. E.g. if you set the Adjusted Trail amount to 20%, the first tick after the trigger will move the stop to 20%. Or, e.g if you move the Adjusted trail to 35%, then after the trigger, the price must move up 5% before the 30% adjusted stop will move up and "trail".

Now you know, you can play with it in Sim. But beware if the stop, after the trigger, becomes a "Fixed Pegged" order. See my other post about this behavior on the Future contract ES, in the IB Specific forum

Thanks for the info. Can you link that post you're talking about? I'm really struggling trying to implement this piece.

And I have seen it turn into a FIX PEG order and then suddenly execute. Yeah I gain 30% but I don't want to sell then. It's getting frustrating.

 

[supersquish]

Try a simple trailing stop auto-attach order, see how that works.

I thought about that but that won't work for what I'm trying to do.

 

[supersquish]

Update on this for anyone interested.

I've adjusted the settings to the below:

What happened: Upon reaching 40% profit a trailing order was finally placed!! However it was placed AT 40% and not TRAILING 40%:

What I want to happen: Upon reaching 40% I want a trailing stop at -40% aka breakeven and trailing the position as it moves higher.


What happened next: As the position moved into more profit the trailing order essentially kept pace with the bid (which is not what I want obviously but at least the adjusted orders are now becoming trailing orders instead of fix pegged orders):

What I want to happen next: With a trailing stop placed at -40% when the position reached +50% the trailing stop would have moved up to +10% of entry.

I feel like I'm missing something super basic. Any insight would be appreciated.