stop loss and buy stop orders

Hi,

would it be possible to implement a feature for "stop loss" and "buy stop" orders?

i.e. place an order to sell a specified number of shares if the price falls below a certain level, or to buy a specified number of shares if the price rises above a certain level?



Edited 1 time(s). Last edit at 10/22/2010 12:52AM by maxb.

Good idea, people will feel safer leaving there orders in the order book.

This is because if your bid is hit due to a news event, you can stop loss it so you don't lose out much.

This boosts liquidity.
Liquidity boosts accuracy.
Accuracy is good.

I agree too.

I would like to see this too.

Alan.

Like it!

I wonder if they could be exploited....

These have been talked about for years, but every time I sit down to really think in detail about how they would actually work in practice, I get a migraine!

I suspect Admin feels the same way.



Edited 1 time(s). Last edit at 03/27/2011 03:22AM by pipe42.

Yes: an email alerts system might be a useful alternative. A trading API means you could write your own. The latter should be rolled out in the next 2-3 months.