![]() ![]() The trailing rate must be within 1% to 20% of the market price.The trailing rate must be within 0.1% to 5% of the market price.You can put any numbers on the trailing value for moving number.When using trailing trigger in futures:.If no trigger price is entered, the trailing trigger will be activated automatically at the current market price. You can set a trigger price to activate the order at your desired price. Trailing-trigger orders can be used for both spot and futures, for order entry X (Adv) and order entry Z (Basic). As the market price goes up to 33,000 USDT, the stop order is triggered and a market buy order is sent to the engine. The market price rises to 33,000 USDT, and the stop price remains at 35,000 USDT.ĭ. Market price hits 37,000 USDT, the trailing trigger order is activated with stop price at 40,000 USDT (37,000 USDT + 3,000 USDT)Ĭ. You create a trailing trigger order with:ī. You can also place a buy order and set it above the market price like the below scenario.Ī. Once the market price drops to 35,000 USDT, the stop order is triggered and a market sell order is sent to the engine. As the market price drops from 38,000 USDT to 35,000 USDT, the stop price of the trailing trigger order remains at 35,000 USDT. If the marked price drops to 33,000 USDT after rising to 35,000 USDT, the stop price remains at 32,000 USDT.ĭ. ![]() Market price hits 33,000 USDT, the trailing trigger order is activated with stop price at 30,000 USDT (33,000 USDT - 3,000 USDT)Ĭ. When you have a position with 1 BTC priced at 32,000 USDT. You can place a sell order and set it below the market price like the below scenario.Ī. if your trigger price is more than the market price, the buy/long will be disabled If your trigger price is less than the market price, the sell/short will be disabled.When placing a buy trailing stop order, the stop price will be lower than the market price when placing a sell trailing stop order, the stop price will be higher than the market price.Please note the below criteria for placing a trailing stop order: The trailing value can be set as a moving number (in USDT) or a trailing rate (in percentage). Trailing stop orders are usually used when you have an open position, and you’d like to set at a certain percentage or amount above or below the current market price that is constantly revised as the market moves up/down. When the price moves in the opposite direction, a trailing stop order protects the investor from rapid changes similar to a regular stop-loss order. A trailing stop order is an order with a stop loss that trails the market price by a specified dollar amount or a percentage when the price moves in a favorable direction.
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