Is it possible to set up a Trailing Stop Limit Order like this?
Stock XYZ is currently 100€ and I want to purchase it at maximum 90€. However if the stock drops below 90€ i want my order to follow the price downward and only trigger the purchase order once it rises again by 2%.
I only came across examples where trailing stop limit orders are used for buying with a stop value above the current market price which doesnt make sense to me.
It its possible how do I need to set stop, limit and trail?
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