Triggered Order execution? Or Automatic stop setup

[toshi]

Hello there, at the moment, I am using CMC, they are fine, but I would like to explorer other service providers.

I would like to do following things. (Sorry for my poor English !!)

I would like to make an automatic order after a specific order is executed.

Say current price is eur/usd 1.1300. I would like to set up stop buy 1.1350, if executed this order, then automatically trigger next “stop sell” order at 1.1320.

I am not able to watch the market all the time. This kind of continues (or conditional) order function seems very important.

Alternatively, it is still O.K. if some providers offer automatic “stop loss” order ONCE a specific order was excused. (The above example, 1.1350 stop buy was executed; automatically setup 1.1320 stop loss was setup).

Hope you would understand my English.

Thanks in advance.

 

[fibonelli]

Hi Toshi

I think you mean parent and contingent orders.

Explained in more detail at, for example, http://www.investorvillage.com/forexeducation.asp

 

[shjm]

Different orders

www.gftuk.com has the best orders system around. Check them out, they have parent & contigent orders, trailing stops and a few more.