Three options available for stop order behavior when it’s triggered:
1. Launch an LMT DAY order at stop price
2. Launch an LMT DAY order at a more aggressive price level which is calculated as:
a. StopPrice + StopPayupTicks * T (tick size) for BUY side
b. StopPrice – StopPayupTicks * T for SELL side.
3. Launch a CQG PAYUP algo which execution is controlled by a set of algo specific parameters.