Trailing Stop Order

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A Trailing Stop order is used to maximize and protect profits at the same time. The trailing stop follows the price and sets the stop price at a certain percentage away from the highest high or lowest low, depending on the direction. If the direction of the order is to buy/close short then the stop price will be placed above the lowest recorded low. Once the price moves above the stop price an order will be executed. Conversely, when the direction is to sell/close long then the stop price will be placed below the highest recorded high. Once the price falls below the stop price an order will be executed.

Examples

  • Recorded high: 1000 USD. Trailing stop: 5%. Direction: Sell. When the price goes below 950 USD a sell order will be executed.
  • Current lowest low: 1000 USD. Trailing stop: 5%. Direction: Buy. When the price goes above 1050 USD a buy order will be executed.
  • Current lowest low: 1000 USD. Trailing stop: 5%. Direction: Close-Short. When the price goes above 1050 USD a close short will be executed.
  • Current highest high: 1000 USD. Trailing stop: 5%. Direction: Close-Long. When the price goes below 950 USD a close long will be executed.

Settings

Advanced-orders-settings-1.png

Execute X Order On Activation

This is an optional feature that can you help get into the position. For example, when the direction is to sell, a buy order will be executed to get into position.


Order Template

The template used to execute the start order. Only relevant when "execute order on activation" is enabled.


Price

The price on which the start order is executed. Only relevant when "execute order on activation" is enabled.

Advanced-orders-settings-trailing-stop.png

Trailing Stop

The trailing stop percentage.


Direction

The direction of the order that will be placed when triggered.


Order Template

The template used to execute the order when triggered


Amount

The quantity of the order.