Do any one use TD Ameritrade StrategyDesk know how to set a stop lost? For example, after a buy signal triggered, one sell condition is if the price drop below 5% of the buy price. Please help me if you know. Thanks
on the middle left side of strategydesk, there is a green icon "T", click it, a pop up window called "trade ticket"will come out, you can put you t-5% order there, hope it will help.
Thank you tenteddies. My problem is when I do strategy setup, I need add one sell condition is if the current stock price is 5% lower than the stock bought price. I don't know how to set this condition in the strategy setup.
sorry for misunderstanding, you can do conditional orders on the same pop out window, like one cancle another. I tried this kind of order before. I also heard QQQ said that we can do conditional orders on TDameritrade, such as sell spy when spx less than 850.. but I never tried.
I am testing a trading system, most of the sell are good, but there are several sell signal come out too late, so I try to add one more condition for when ever if the price drops 5%, cut loss.