ETX Capital launches trailing stops

The introduction of trailing stops continues ETX’s technology innovation

Pan-European financial services firm ETX Capital, today announces the launch of their trailing stop function.

Trailing stops offer ETX Capital clients the ability to trail a stop behind a position. There are two parameters; firstly stop distance this is the distance from the opening price and the second parameter increment which is the amount of tics it will trail by.  Trailing stops only ever trail in one direction but can be added to either buy or sell orders.

Having been monitoring their client’s feedback this innovation has been given priority and has been released ahead of schedule.

Head of Sales Trading Joe Rundle said; “The trailing stop offers a clear advantage in that it is more flexible in nature than a fixed stop loss. It is an attractive alternative because it allows the trader to continue protecting his capital if the price drops. But, as soon as the price increases, the trailing feature kicks in, allowing for an eventual protection of profit while still reducing the risk to capital”

ETX Capital, a regulated Pan-European financial services firm, provides institutional, high net worth and retail customers with multi asset and multi market derivative dealing capability through CFDs and spread betting products. The firm uses cutting edge technology and delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality. ETX Capital is the trading name of Monecor (London) Limited, incorporated in 1965.