I have a few shares that are starting to run and I would like to add a trailing stop loss. I have access to the NAB IRESS but unfortunately the help files are basically non existent. I see the the IRESS software is used by many companies and different modules and aspects of the IRESS software are turned on for different companies. Nab looks to have a very limited IRESS ability.
I would like to set a trailing stop loss for share XXX.ASX. I want all 1000 shares to sell if the share drops 5% at any stage of trading.
stop loss IRESS.jpg
The left hand side panel under STRATEGY is where I need help. Is this correct? Thank you in advance. I really don't want to make a mistake on this and have my shares sold unless they drop. I think they still have some upward movement in them but I will be offline for a while and want to catch close to the top of this run.