Skip to main content
Track Trailing stop
32 / 36
Search the archiveLibrary
Library

2019issue C068-15

One-triggers-the-other pairs for preplanned swing entries

A buy-stop paired with a pre-set Stop-loss order writes the entry and the initial exit before any fill. Multiple one-triggers-the-other pairs can be staged so size is a sequence of rules, with a Trailing stop on the exit meant to act sooner than a visual exit.

  • A buy-stop can be paired with a pre-set Stop-loss order so both the entry and the initial exit exist as one order sequence before any fill.
  • Once that pair is live, the trader does not need to add a Trailing stop or a hard stop after the position is already open.
  • Multiple one-triggers-the-other pairs can be staged in advance at different prices so position size is a sequence of rules instead of a single discretionary add.
  • Two parameters to test in that sequence are the initial share size on the entry and the distance of the Trailing stop on the exit.
Entries in this reading3 entries
Current trackTrailing stop87 readingsStop-loss order144 readingsRule-based entry174 readings

Write the pair before the fill

A buy-stop can be paired with a pre-set Stop-loss order so both the entry and the initial exit exist as one order sequence before any fill. Once that pair is live, the trader does not need to add a Trailing stop or a hard stop after the position is already open.

Stage size as a sequence of rules

Multiple one-triggers-the-other pairs can be staged in advance at different prices so position size is a sequence of rules instead of a single discretionary add.

One documented swing setup used three pairs at progressively higher prices, spaced every $2, so a shakeout of one pair need not cancel the rest. The same staged-pair idea was also described for shorter-horizon trades with price steps of $0.30 to $0.40.

Test share size and trailing distance

Two parameters to test in that sequence are the initial share size on the entry and the distance of the Trailing stop on the exit. An automatic Trailing stop on the exit leg is intended to lock a gain after a reversal sooner than a discretionary visual exit.

Educational research material, not investment advice. Historical source context does not establish present-day performance.
32 of 36 in the Trailing stop track
20197-7 pp.Next on Trailing stopOne-triggers-the-other orders for a breakout and its stopA one-triggers-the-other pair links an entry to a second order that does not become active until the entry fills.
All readings on this track · 36 readings
  1. 1988Half-day bars, a midpoint gate, and a bar-based trail
  2. 1989Packaging two-bar reversals into testable entry and exit rules
  3. 1989Weekly high and low averages as stop-and-reverse levels
  4. 1991Constant false-alarm rate for dominant-cycle stops
  5. 1992Tick-index extremes as continuation and turn hypotheses
  6. 1993Constructing layered stops from equity and structure
  7. 1993Filter crossovers with moving-average slope
  8. 1993Precommit stop bounds from equity and structure
  9. 1998Evaluating a trendline barrier that can only tighten a capped stop
  10. 1999Constructing common-number support and resistance
  11. 2001Four-step opening-hour bias and trailing stops
  12. 2004Make the trading system the star
  13. 2005A beginner stock case: stop, trail, and the pre-trade checklist
  14. 2006Sell stops that trail support after the buy
  15. 2006Treat a wave-3 label as unfunded until the stop rails are written
  16. 2008Test medium-term divergence with a trendline break and a trailing stop
  17. 2010Rule-based forex entry, stop and trail
  18. 2012Precommitting stops when one currency range templates another
  19. 2012Cat-ears as a downtrend continuation hypothesis
  20. 2013Three-average swing entry and a trailing average exit
  21. 2014Construct a dual quotient-copy trend filter under a frequency roof
  22. 2014Stop distance, size, and trailing swing invalidation
  23. 2014Long-only RSI pullback, reversal-bar-entry, and staged-trail construction
  24. 2015Dual-average regime, trigger candle, and trail as one daily script
  25. 2015Three-gate trend system: filter, trigger, and trailing stop
  26. 2016Construct HHLLS crossover and breakout entry rules
  27. 2017An appointment-trade around a scheduled political close
  28. 2017Golden-cross breakout rules for a swing entry
  29. 2017Breakout confirmation above round numbers, with nines as sell shelves
  30. 2018Classify diamond geometry before the breakout
  31. 2019When trails and stops betray the support read
  32. 2019One-triggers-the-other pairs for preplanned swing entries
  33. 2019One-triggers-the-other orders for a breakout and its stop
  34. 2019When the second decision unbounds planned risk
  35. 2020Last-Hour Breakout With a Same-Session Flatten
  36. 2020Couple the slow period to stop-loss and trailing-stop settings
By fieldOrder types and routing7 readingsBy year201975 readings
All 87 readings tagged Trailing stop
Also on Trailing stop5 readings
2010Rule-based forex entry, stop and trail1986The stop, the size, and the acceptable loss as one pre-entry gate1991Set the first stop from a capital-scaled MAE histogram1993Constructing layered stops from equity and structure1993Constructing parabolic time-price trailing stops