Trailing Stop Loss Type
We want a trailing stop loss that has an initial stop loss distance eg. 1% from the fill price. But we only want the stop loss to begin trailing after the market has risen by .5%. Therefore, the stop loss has an initial stop loss distance AND a trailing stop loss distance. So there are two inputs. We are using Interactive Brokers through the Backtrader API, is there such a stop loss feature available? Also is there an option for a regular Stop Loss that will adjust to the fill price without having to calculate it before hand on the price we think we will get filled on? We are using Limit Orders and there have been cases where we have gotten filled at our Stop Loss, closing us out immediately.
You are probably looking for Advanced Order Types
And something like