Using Trade Triggers and Advanced Conditional Orders
In This Chapter
Placing orders that trigger trades
Taking advantage of advanced conditional orders
In the age of knowledge, grasshopper, we must be one with the technology. Especially, locust, when technology can help you make more profit. In that spirit, uh . . . cricket, we take the topic of brokerage orders from Chapter 17 to another level.
Brokerage orders that you can automate on a website is (in our humble opinion) one of the greatest uses of technology. Chapter 17 is about placing single transaction orders, such as a stop-loss order or a trailing stop. In this chapter, we introduce you to more advanced brokerage orders, whereby it’s possible to enter a combination order containing two or more orders that may be triggered by market events (this stuff is cool . . .).