A stop limit + trailing stop order combines a stop limit order and a trailing stop order. If and when the stop limit order is fulfilled, the trailing stop order is set in motion.
Example: An investor is interested in purchasing 30,000 shares in a promising stock, but they do not want to buy the stock until its price begins to go up. They also do not want to pay more than a certain amount for the investment, and would rather not buy the shares if their price exceeds that limit. If they are able to buy the shares on their terms, they want to hold them for as long as their price increases. To safeguard the investment against loss, they want their broker to sell the shares if at any point their price falls by 5%.
By using a stop limit + trailing stop order, the investor can specify the price which the stock must reach before the broker begins making offers to sellers and the highest price which they are willing to pay for the shares, instruct the broker to hold the shares as long as their price increases and to sell the shares if their price ever falls by a certain percentage or monetary value – all in a single order ahead of making any investment.
So the buy order portion of the order combines a buy stop order with a buy limit order, and the sell order portion of the order uses a trailing stop.
More on this topic:
Swiss stock broker comparison
Order types offered by Swiss brokers compared
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