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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: David L. Carter who wrote (2564)	5/29/1999 6:46:00 PM
From: E. Davies	Read Replies (2) \| Respond to of 3216

With Cybertraders system I can put a trailing stop loss that acts like a ratchet This seems like such a cool feature. How well does it work in practice? I know that when I set a "mental" stop loss by the time I manage to place the order even if there is still a bid at my price I dont get the fill. Too many sell orders coming in and the MM just decides to ignore you. An instant automatic order would at least get you in at the start of the line. Is the stop loss a limit order or a market order? What would be even nicer is if cyber could do an either or kind of order. Wait for either a limit price or a stop is hit. Can it do that? Or a subset of that: Hold off placing a limit sell order until the ask reaches your limit price, then automatically enter it. Dont let anyone know your order until the right moment. Possible? I wonder if anyone has ever tried the mindless approach to trading where you just let a trailing stop loss do the work for you. Make a buy, set a limit say 1% down and just let it go until the stop loss kicks in. Anyone try that or a variation on it? Eric