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2019issue C067

One-triggers-the-other orders for a breakout and its stop

A one-triggers-the-other pair links a breakout buy-stop to a trailing stop or a hard stop-loss that does not become active until the entry fills, so the exit instruction is already in place when the position is opened.

  • A one-triggers-the-other pair links an entry to a second order that does not become active until the entry fills.
  • On a breakout, the first leg can be a buy-stop and the second leg can be a trailing stop or a hard stop-loss.
  • Submitting the stop as part of the pair removes the need to watch the account after a fill only to place a manual stop-loss.
  • Conditional orders combine chart-pattern analysis with predefined entry and exit instructions.
Entries in this reading3 entries
Current trackTrailing stop87 readingsStop-loss order144 readingsBreakout confirmation172 readings

A second order that waits for the fill

A one-triggers-the-other pair links an entry to a second order that does not become active until the entry fills. That second instruction is a conditional-order: it stays inactive until the first order fills.

Once the entry fills, the paired stop is already in place to close the position at a predetermined stop-loss. Submitting the stop as part of the pair removes the need to watch the account after a fill only to place a manual stop-loss.

A breakout sent as two legs

A breakout is a chart condition in which price moves through a defined structural level and is treated as a candidate entry. On a breakout, the first leg can be a buy-stop entry, which becomes active only after price reaches a specified level above the current market.

The second leg can be either a trailing stop or a hard stop-loss. A stop-loss is a predetermined exit that closes the position if price reaches a specified adverse level. A trailing-stop is an exit that moves with favorable price and closes the position if price retraces by a set distance.

The exit can be specified before purchase

A trailing stop on a breakout is described as a way to keep an advance from being given back if price later reverses. The trailing-stop leg can be specified before the entry fills, so the exit instruction exists at the moment of purchase.

Conditional orders are presented as a way to combine chart-pattern analysis with predefined entry and exit instructions.

Educational research material, not investment advice. Historical source context does not establish present-day performance.
33 of 36 in the Trailing stop track
201944-46 pp.Next on Trailing stopWhen the second decision unbounds planned riskUnplanned-scale-in after a full planned-one-r is already at risk is not a prewritten scale-in around support or resistance, and it is described as raising margin-call or liquidation exposure.
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
1986The 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 stops1993Precommit stop bounds from equity and structure