Trailing Stop

Minimize losses and maximize profit

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 Licenses & Trading Methods

Supported License

Supported Trade Types

Spot trading

Margin trading

Advanced license

Leverage trading

Examples

  • Current price: 6500 USD. Take profit price: 7000 USD. Direction: Sell. When the price goes above 7000 USD a sell order will be executed.

  • Current price: 7500 USD. Take profit price: 7000 USD. Direction: Buy. When the price goes below 7000 USD a buy order will be executed.

  • Current price: 7500 USD. Take profit price: 7000 USD. Direction: Close Short. When the price goes below 7000 USD a close short will be executed.

  • Current price: 6500 USD. Take profit price: 7000 USD. Direction: Close Long. When the price goes above 7000 USD a close long will be executed.

Order Execution On Activation

The order execution on activation is an optional feature that allows you to get into the position you which to exit later.

Execute X Order On Activation

Enable to execute an order after the Advanced Order is activated.

Order Template

The template used to execute the order.

Price

The price on which the start order is executed.

Market Settings

Name

Create a unique name for your bot.

Account

Select the account on which the bot should run.

Market

Select which market this bot should run on.

Leverage

Specify the leverage for the bot.

Current Price

The current price of the selected market.

Order Settings

Trailing Stop

The trailing 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.