Trailing stop orders
A stop that follows the price and triggers when it reverses by your chosen percentage.
A trailing stop keeps track of the best price since it started. Instead of a fixed stop price, you choose how far the price may reverse from that best point before the order triggers.
- Sell — triggers once the price falls by your trailing delta from its highest point.
- Buy — triggers once the price rises by your trailing delta from its lowest point.
The fields
- Trailing Delta — the reversal, as a percentage from 0.1% to 20%. The 1% and 2% buttons fill it in.
- Limit — the price of the limit order placed when it triggers. Choose Market instead to fill at the market price when it triggers.
- Activation Price (optional) — tracking only starts once the market reaches this price. Leave it unticked and tracking starts straight away.
An example
You hold BTC bought at 40,000 and place a trailing stop sell with a 5% delta. The price climbs to 44,000, so the order now triggers 5% below that, at 41,800. If the price keeps climbing, the trigger climbs with it. If it falls back to 41,800, the order triggers and sells — keeping most of the gain.
A trigger is not a guaranteed price. A trailing stop with a limit may not fill if the market
moves straight past your limit. One set to Market fills, but in a fast move the fill can be well past the
trigger.
In Open Orders a trailing stop shows as Stop Loss or Take Profit with a Trailing x% tag.
Some pairs allow a narrower delta range; an order outside it is rejected with a message.
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Related
- Spot trading basics How the Exchange works, and what happens when you place an order.
- Order types explained Limit, Market, Stop Limit, Stop Market and Trailing Stop — what each one does.
- Take Profit and Stop Loss (TP/SL) Attach a take-profit and a stop-loss to a limit order in one go.
- Slippage Tolerance on market orders Cap how far from the current price a market order may fill.
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