Trailing Stop
A Trailing Stop order is used to maximize and protect any profits at the same time. The trailing stop follows the price and sets stop price a certain percentage away from the highest high or lowest low, depending on the direction. If the direction of the order is buy/close short the stop price will be placed above the lowest recorded low. Once the price goes above the stop price an order will be executed. Conversely, when the direction is sell/close long the stop price will be placed below the highest recorded high. Once the price falls below the stop price an order will be executed.
Supported License | Supported Trade Types |
​ | Spot trading |
Simple license | Margin trading |
Advanced license | Leverage trading |
Highest recorded price: 10000 USD. Trailing stop 2%: 9800 USD. Direction: Sell. When the price goes below 9800 USD a sell order will be executed.
Lowest recorded price: 10000 USD. Trailing stop 2%: 10200 USD. Direction: Buy. When the price goes above 10200 USD a buy order will be executed.
Highest recorded price: 10000 USD. Trailing stop 2%: 9800 USD. Direction: Close long. When the price goes below 9800 USD a close long order will be executed.
Lowest recorded price: 10000 USD. Trailing stop 2%: 10200 USD. Direction: Close short. When the price goes above 10200 USD a close short order will be executed.
The order execution on activation is an optional feature that allows you to get into the position you which to exit later.
Enable to execute an order after the Advanced Order is activated.
The template used to execute the order.
The price on which the start order is executed.
Create a unique name for your bot.
Select the account on which the bot should run.
Select which market this bot should run on.
Specify the leverage for the bot.
The current price of the selected market.
The trailing percentage.
The direction of the order that will be placed when triggered.
The template used to execute the order when triggered
The quantity of the order.
