typically you'd either use a limit order above current market spread, or you use a "trailing stop" with a given relative distance.

Market if touched orders are identical to stop orders,
except that they are used when the market price has already traded past the stop price,
and the trader only wants the order to be processed if the market price comes back to the stop price.

For example, if the market price is 1.3010, and the trader places a buy market if touched order with a price of 1.3001,
the order will only be processed if the market trades at or below 1.3001. If the order is processed,
it will be processed as a market order, and will get filled at the current best price.
Market if touched orders will trigger the opposite way than a stop order, so for a buy order,
the trigger price must be below the current price, and for a sell order,
the trigger price must be above the current price.