This message indicates that the trailing stop provided in the request is invalid. TradersPost requires that when orderType=trailing_stop, the action must be one of the following: buy, sell, or exit. Additionally, you are required to send one of trailAmount or trailPercent. If these criteria are not met, the request will not be processed.
Invalid trailing stop example. Missing trailAmount or trailPercent:
{
"ticker": "AAPL",
"action": "cancel",
"orderType": "trailing_stop"
}
Valid trailing stop example (trailAmount):
{
"ticker": "AAPL",
"action": "sell",
"orderType": "trailing_stop",
"trailAmount": "2"
}
Valid trailing stop example (trailPercent):
{
"ticker": "AAPL",
"action": "sell",
"orderType": "trailing_stop",
"trailPercent": "5"
}
In the above examples, a valid trailing stop order includes an appropriate action and a value for either trailAmount or trailPercent, ensuring the request meets the required parameters for processing.