A trailing stop-loss order (also called 'trailing stop order') is a stop order where the stop price adjusts according to a security's price.
For example, let's say that you purchase 5 shares of $ABC at $300/share with a trailing stop-loss amount of $20. If the price of $ABC drops to $280, a sell order will be placed to sell your shares. However, if the price of $ABC were to rise to $400/share, a sell order would not be executed until $ABC dropped down to $380/share ($400 - $20).
Once you place a trailing stop-loss order through our website, our server's will monitor your selected security's price movement using real-time prices from the IEX top of book quote feed which provides the best quoted bid and offer positions in real-time for all securities on IEX's displayed limit order book. Once criteria is met for your trailing stop-loss order, a stop-loss sell order will be placed through your Robinhood account, immediately. It is important to note that no order(s) will be placed through your Robinhood account until criteria is met for your trailing stop-loss order.
We have opened up our service to a select few users who have shown early interest and willingness to be beta testers. Soon, we will accepting registration from all users, so stay tuned!
We offer a free subscription to our website, but the number of orders you can place will be limited. For a monthly fee of $9.99, you can place unlimited trailing stop-loss orders through our website for up to 20 securities at a time. Unfortunately, our high-speed infastructure and access to real-time pricing data is expensive and we need to charge a small fee so we can stay in business for you.
Yes, trading involves substantial risk of loss and is not suitable for every investor. Trading strategies used through this website are used at your own risk. Please understand our risk disclosure statement prior to signing up for an account with us.
We are well-aware of Robinhood's API request form, and have already sent them multiple requests for an official API and method for integration. We have not heard from them, yet, but will promptly switch to use their official API as soon as they provide us with this access. In the meantime, if you would like Robinhood to officially support us, please feel free to let them know.
No, we are not. Please view our trademark disclaimer for more information.
Currently, we are unable to link with Robinhood accounts using two-factor authentication. However, we are diligently working on enabling this option for our users. Your security is important to us; if you use two-factor authentication, we do not recommend disabling it so you can connect your Robinhood account to our website.