Eric,
To help answer some of your questions, we are glad to say Stop Loss Features can be set as either limit or market orders. Much as you have suggested CyBerTrader does have the ability to use the ask price as the variable. Thus giving you the option to set a Stop Loss that will trigger if the stock reaches a certain price on the ask. You can also use the Bid Price, Trade Price, Share P&L, and Trade P&L as variables. In addition you can set the feature to go off of a percentage loss, as well as having Trailing Stops that adjust the get out point if your position appreciates. All these features are available in all of our trading platforms and can be applied as Alerts, Stop Loss, and Conditional Orders. Please note all the above (Alerts, Stop Loss, and Conditional Orders) are NOT actual order requests and reside on the Trader's Work Station. As a result, connection problems or loss of data can impair the functionality of the features.
We hope you find this information helpful. If you would like additional information on any of these features, please feel free to contact one of our Registered Representatives.
Sincerely,
CyBerCenter Trader Support
cybercorp.com
(512) 320-5444
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