1. Set up a Trailing Stop            Video Tutorial
Tutorial Last Updated : 22/07/2020 09:40 UTC

What is a Trailing Stop?

A trailing stop is a modification of a typical stop order that can be set at a defined percentage or dollar amount away from a security's current market price. For a long position, an investor places a trailing stop loss below the current market price. For a short position, an investor places the trailing stop above the current market price. A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor’s favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount.

Set up a Trailing Stop

1. Log into your Backoffice as a Customer

2. Click on “Bitcoin Trading Software” button on the bottom right.