When using a Trailing Stop as your Entry order type, the Entry trail amount defines how far the trailing stop price should follow the market price before triggering an order. This allows you to enter a trade automatically once the market moves favorably by a specified percentage or dollar amount.
You can optionally send an explicit trailAmount in your webhook to override the value configured in the strategy settings.
{
"ticker": "AAPL",
"action": "buy",
"orderType": "trailing_stop",
"trailAmount": 10
}
Or you can specify a dollar amount instead of a percentage by sending an explicit trailPercent in your webhook.
{
"ticker": "AAPL",
"action": "buy",
"orderType": "trailing_stop",
"trailPercent": 1
}
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