{"id":208935,"date":"2025-10-15T13:55:41","date_gmt":"2025-10-15T13:55:41","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/trading-lessons\/trailing-market-if-touched-for-desktop\/"},"modified":"2025-10-17T19:35:21","modified_gmt":"2025-10-17T19:35:21","slug":"trailing-market-if-touched-for-desktop","status":"publish","type":"trading-lessons","link":"https:\/\/www.interactivebrokers.eu\/campus\/trading-lessons\/trailing-market-if-touched-for-desktop\/","title":{"rendered":"Trailing Market if Touched for Desktop"},"content":{"rendered":"\n

The IBKR Trailing Market if Touched order type is like the Trailing stop order except that while both order types can be used for opening and closing, investors typically use the Trailing Stop to close a position while using the Trailing Market if touched to open a position. The Trailing Market if Touched s<\/strong>erves as an entry strategy to establish new positions at favorable prices by creating a dynamic entry point that adjusts as the market moves away from your desired entry direction but will remain fixed once the market reverses direction.<\/p>\n\n\n\n

In Desktop the investor creates an order ticket then they then click on \u201cAdvanced\u201d in the lower right-hand corner to bring up the Advanced Order Ticket window. Once the Advanced Order Ticket window is up, the investor selects the quantity and selects Trailing Market-if-Touched in the order type drop-down In the Description section.<\/p>\n\n\n\n

Setting the trigger price is optional, if the investor does not set the price, it will be automatically calculated using the trailing amount.  The investor sets the trailing amount in either dollar or percentage terms. To fully understand how the Trailing Market if Touched orders works let\u2019s review the following example:<\/p>\n\n\n\n

An investor believes stock ABC is going to drop before it reverses its trend and increases in price. They set up the Buy Trailing Market if Touched for 100 shares with a $2.00 trailing amount.<\/p>\n\n\n\n

Market Price<\/strong><\/td>Trigger Price<\/strong><\/td>Action<\/strong><\/td><\/tr>
$100.00<\/td>$98.00<\/td>Order placed with initial trigger price of $98.00 (market price minus trail)<\/td><\/tr>
$98.50<\/td>$96.50<\/td>Market drops; trigger price adjusts downward, maintaining $2.00 trail<\/td><\/tr>
$96.00<\/td>$94.00<\/td>Market continues dropping; trigger price follows<\/td><\/tr>
$94.50<\/td>$94.00<\/td>Market rises slightly; trigger price remains fixed<\/td><\/tr>
$95.50<\/td>$94.00<\/td>Market continues rising but hasn’t hit trigger yet<\/td><\/tr>
$94.20<\/td>$94.00<\/td>Market drops slightly; trigger price unchanged<\/td><\/tr>
$94.50<\/td>$94.00<\/td>Market rises and exceeds trigger price<\/td><\/tr>
$94.50<\/td>N\/A<\/td>ORDER TRIGGERED:<\/strong> Converts to market order<\/td><\/tr>
$94.52<\/td>N\/A<\/td>ORDER FILLED:<\/strong> 100 shares purchased at $94.52<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The investor buys stock ABC for $94.52, or $$5.48 lower than when the order was placed.<\/p>\n\n\n\n

When ready the investor can either preview the order or click submit. Details of the order can be seen by clicking on the Orders tab in the Portfolio screen.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

A Trailing Market if Touched orders create a dynamic entry mechanism that adjusts the trigger price as the market moves away from your desired entry direction, while keeping it fixed when the market reverses course. This sophisticated order type allows traders to potentially capture better entry prices during market movements without constant monitoring, automatically triggering a market order when the price reverses and touches the trailing trigger level.<\/p>\n","protected":false},"author":1134,"featured_media":208936,"parent":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":true,"footnotes":""},"contributors-categories":[149],"traders-academy":[102,103,105],"class_list":{"0":"post-208935","1":"trading-lessons","2":"type-trading-lessons","3":"status-publish","4":"has-post-thumbnail","6":"contributors-categories-interactive-brokers","7":"traders-academy-advanced-trading","8":"traders-academy-level","9":"traders-academy-trading-lesson"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nArchives | Traders' Academy | IBKR Campus<\/title>\n<meta name=\"description\" content=\"A Trailing Market if Touched orders create a dynamic entry mechanism that adjusts the trigger price as the market moves away from your desired entry...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/trading-lessons\/208935\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trailing Market if Touched for Desktop\" \/>\n<meta property=\"og:description\" content=\"A Trailing Market if Touched orders create a dynamic entry mechanism that adjusts the trigger price as the market moves away from your desired entry direction, while keeping it fixed when the market reverses course. 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