A Trigger Order takes three parameters:

A Trigger Order will sit dormant until it is triggered. Only at that point will it be sent to the Everstrike Matching Engine. The Price parameter is optional. If left empty, the Trigger Order will be converted to a Market Order once triggered. If specified, the Trigger Order will be converted to a Limit Order, with the given Price and Quantity.

The default trigger for Trigger Orders is the Everstrike Mark Price. This price needs to reach the Trigger Price for the Trigger Order to be sent to the Everstrike Matching Engine. Traders may choose a different trigger than the Index Price. The available options for the trigger are:

The trigger can be changed in the order customization options in the Everstrike Trading Interface. A Trigger Order may be used as a Stop Order or Take Profit Order. If submitted below the Mark Price (when you are long), the order will be a Stop Order. If submitted above, the order will be a Take Profit Order. The opposite is true when you are short.