About Trailing Stop Sell
A Trailing Stop Sell order sets the initial stop price at a fixed percentage below the market price as defined by the Trailing Amount. As the market price rises, the sell stop price rises one-to-one with the market but always at the interval set initially by the trailing percentage amount. If the stock price falls, the stop price remains the same. When the stop price is hit, a market order is submitted. Reverse this for a buy Trailing Stop Sell order. This strategy may allow an investor to limit the maximum possible loss without limiting possible gain.
Steps to place a trailing stop sell order
- Select Trailing Stop Sell order type
- Select Base and Quote coin.
- E.g. Market: BTC/LTC
- Select the number of coins needs to be sold. You can also select percentage option to specify relative coin volume.
- E.g. 10 coins. (quantity could be in the fraction)
- Or 20% of quote coin.
- Enter the quote coin price at with you bought. If it is left blank, current market bid price will be used.
- E.g. 0.01516 BTC
- The offset is fixed percentage value below the market price. Using this a stop loss order is placed with an offset of x% from the peak market. If the market will go up, stop loss value will go up. If the market comes down stop loss will not change.
- E.g. Offset = 3%
Note: At the beginning, the peak value is Max between Buy price or Current Market price.
Trailing Stop Sell
Trailing Stop Sell, with relative quantity and entry price
A hypothetical example
Assume a Trailing Stop sell is placed for 1 LTC with 5% offset when beginning peak price is $100.
No. | LTC price per 1 unit | Trailing Stop value |
1. | $100 | $95.0 |
2. | $98 (correction) | $95.0 |
3. | $101 (rise) | $96.0 |
4. | $104 (rise) | $98.8 |
5. | $106 (rise) | $100.7 |
6. | $110 (rise) | $104.5 |
7. | $108 (correction) | $104.5 |
8. | $104 (Execute SellOrder) | $104.5 |
- Why Should You Learn How to Use Trailing Limit Sell Order? - June 4, 2020
- Telegram Signal Bot – Private Groups & Messages - May 29, 2020
- Bid, Ask, Last Price – What’s the best price to follow? - May 5, 2020
Extremely Helpful. I am so new at this and what a learning curve…Thank you guys. I am slowly finding my way.
I’ll strongly recommend to go through https://www.trailingcrypto.com/support/article/order-form-glossary
Typical form users give feedback that it easy to use trailingcrypto, and usually, they say that has a very little learning curve.
If it’s free.. Then give us the code..
I want code, not to “trust” you with my api key… Hello?
Its is not an open source project. So we regret to say we won’t be able to share our codebase.
Its not completely free. You can check pricing at the top menu in homepage. which will come into effect once Beta phase ends.
Providing the platform API access does not include giving them the ability to transfer funds from your exchange, only trade on your behalf.
WTF….. LOL
You think there is really free lunch on this world?
Make a trading key disable withdraw
I am having a hard time with this.
Using the “TAKE PROFIT – TRAILING”
ETH / TRX
0.00025371 : Profit Point set with a Offset:0.5%
0.00025626 : Current
so this is a profit of + 0.94%.. .I am assuming this is over the .5% offset however the price rose above this to like
2% and dipped down to -2.5% profit and no sell order was placed.
My thought was that the trailing limit would have triggered if it dipped to .5% profit right?
I do not understand this. I thought I did it correct.
I was trying this. I set the Traiding Stop Sell at 1% below market price with offset of 1%.
At one momnent the price went up 3% So the order also changed.
Then suddelny the price dropped down 4% but there was no sell placed. Instead it changed the order agian downwards, so if it is placed now I would lose 1%. This is not what I want. What did I do wrong.
It should have sold when price fell 1% lower than maximum reached price in your example. You must configured something wrong. Did you use uppar & lower stop from advance options? Can you tell us your order id for us to debug.
Hi Testing comments
Hi , in your hypotetical example when price falls to 104$ Execute sell order… at what price do you place the order ? ( at 104.5 ?) how much time does it take to be placed?
If price hit 104, the immediately a market order takes place on the exchange and this happens within a few milliseconds. But, there can be a max 2-sec latency between the exchange price change and reflecting that price in the trailingcrypto system.
I think it does not work how it should. I placed Trailing Stop Sell with offset 3% and Upper Stop at *1208, but it executes at *1014 (after fall from *1046 which is -3%). Here is screenshot
If I understand, order should by activated above price *1208, am I right?
No, your understanding of upper stop is not correct. Please go through this documentation https://www.trailingcrypto.com/support/article/order-form-glossary#Upper_stop