Trailing Threshold Triggered Order (TTO + Trail)

A trailing threshold triggered order (TTO + Trail) is a threshold triggered order in which either the upper or lower trigger (whichever prevents loss) is given as a percentage above or below the market rate, instead of as a fixed price.

Example: If a TTO + Trail order has a lower trigger of 5% below the stock price, the order will become a market order if the price of the stock falls by 5%.

More on this topic:
Swiss stock broker comparison
Order types offered by Swiss brokers compared

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