Video 15: REL Orders and Conditional Orders

The video explains how REL Orders (Relative Orders) work in the Trader Workstation (TWS) and the OptionsApp. This is an order that dynamically tracks the current market price by, for example, bidding above the bid price by a specific offset (e.g., 0.05 USD). Additionally, a limit price can be set above which the order will no longer be executed. The video also demonstrates how to link a REL Order with a condition (Conditional Order) so that it only triggers when a specific price is reached. Finally, the application of this order type in the OptionsApp is demonstrated, particularly for protecting positions through intelligent Stop mechanisms.