Appendix B: Order Conditions

By default, an Order becomes active (appears on the Market) as soon as it is submitted. However, Orders can be told to activate under different conditions.

Stop Loss

Stop Loss condition immediately sells a holding when it drops below the set price.

Condition Name: StopLoss

Additional Properties:

Name	Type	Expect	Description
Stop	Decimal	Optional	The stop loss price. If omitted, may default to the latest reference Price if supported.
Reference	String	Optional	The price the stop loss is referenced against. One of the following values: Last - Trigger based on a change in the Last Price. BestBid - Trigger based on a change in the Best Bid. BestAsk - Trigger based on a change in the Best Ask.
Direction	String	Optional	The direction the reference price should move versus the stop price to trigger. One of the following values: None: - No preference. Up: Price should tick up. Down: - Price should tick down.

Trailing Stop Loss

Trailing Stop Loss Orders immediately sell a holding when certain conditions are met

Condition Name: TrailingStopLoss

Additional Properties:

Name	Type	Expect	Description
Type	String	Required	Identifies the trigger condition for the trailing stop. One of the following values: Price - Trigger based on a given dollar amount. Percent - Trigger based on a percentage
Value	Decimal	Required	The value used by Type.
Limit	Decimal	Required	The limit price.
Stop	Decimal	Optional	The stop loss price. If omitted, may default to the latest reference Price if supported.
Reference	String	Optional	The price the stop loss is referenced against. One of the following values: Last - Trigger based on a change in the Last Price. BestBid - Trigger based on a change in the Best Bid. BestAsk - Trigger based on a change in the Best Ask.
Direction	String	Optional	The direction the reference price should move versus the stop price to trigger. One of the following values: None: - No preference. Up: Price should tick up. Down: - Price should tick down.