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 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.
  • E.g. 10 coins. (quantity could be in the fraction)
• 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.

Example:

A hypothetical example:

Assume a Trailing  Stop sell is placed for 1 LTC with 5% offset when beginning peak price is $100.