Is it possible to put trailing on pending orders?

<p id="isPasted">Trailing stops cannot be directly attached to pending orders at the time of placement. While trailing stops are used to manage open positions and protect profits by dynamically adjusting stop-loss orders, they are typically applied to existing positions or pending entry orders after they have been triggered and are actively in the market.&nbsp;</p><p>Here's why and how trailing stops work:</p><p>Trailing stops are designed to follow the price movement of an open position.</p><p>As the price moves in your favor, the trailing stop automatically adjusts to lock in profits.&nbsp;</p><p>They are not applicable to pending orders until those orders are filled and become an active position.</p><p>A pending order is an instruction to buy or sell at a specific price in the future, and it doesn't become an active position until the market price reaches the trigger price.&nbsp;</p><p>Once the pending order is filled and becomes a position, you can then add a trailing stop to that position.</p><p>This will allow the stop-loss to dynamically adjust as the market moves in your favor.&nbsp;</p><p>In essence, you first need to have an open position (either from a market order or a filled pending order) before you can enable the trailing stop functionality.&nbsp;</p>

<p id="isPasted">Yes, it is possible to put a trailing stop on a pending order, which allows the stop-loss price to automatically adjust to maintain a fixed distance from the current market price once the pending order is triggered and a profit begins to build. This feature moves the trailing stop in a favorable direction, ensuring the order remains active and protects profits while remaining in the market.&nbsp;</p><p><br></p>