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TrailingCrypto is one of the best crypto trading terminals that allow its traders to place trailing stop order smartly and automatically. How can one place trailing limit sell order at TrailingCrypto? This order type allows its traders to set a Trigger Delta which is how much the price of crypto asset could fall before you place a sell or rise before placing a buy order. This way, the distance between the market price of the pair and the limit sell order remains 10%. However, if the pair increases in value, the limit sell price does not go down. For the offset, you may choose 10%. Now, it’s time to submit an order. A trailing stop limit order is designed to allow a crypto trader to specify a limit over the maximum possible loss, without setting a limit on the maximum possible gains. Once after setting the trigger delta, TrailingCrypto continuously recalculates the price which will trigger your order, based on the current market price of the asset as it moves in the favorable direction. If this field is left blank, the current market price will be used.
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Now select the offset which is a fixed percentage above the current market price. It can be used to protect profits generated through short selling or while you are trying to buy any stock which is bouncing off due to market low. Cryptocurrency exchanges are often used as practical mediums for international trading, as they can significantly reduce transactional fees. However, big exchanges are also known to reimburse users in case of such incidents. While you are waiting, the prices are moving up and down. Suppose the offset value is 3%. And, Quote Price of your selected crypto asset was 0.01623 while placing the order. So, Trailing limit sell order is one of the best crypto trading tools where the limit sell order trails the market price of the cryptocurrency pair. KuCoin is a top-of-the-line cryptocurrency trading platform that stands out from its peers in the industry due to its innovations, broad range of trading products, low fees, and fast transaction processing. Despite these risks, many traders still choose to use CEXs due to their convenience, liquidity, and wide range of features. Additionally, CEXs typically offer a wide range of trading pairs, as well as fiat gateways, making it easy for users to enter and exit the market with traditional currency.
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Then, the trader sets the trailing gap or trigger delta as 10%. Therefore, the limit sell order will always be 10% away from the market price of XBT/USDT. Now the submitted order will be displayed on the order window. Whenever your order is triggered, the buying or selling of the crypto asset will be a limit order. This order type is an exact mirror image of the trailing stop limit sell order. A trailing limit sell order moves with the market price, and continuously recalculates the trigger price at a fixed amount below the market price, based on the user-defined trailing amount. Suppose a trader places a trailing limit sell order for XBT/USDT. Of course, that’s possible with Trailing Stop Limit Order. As the price increases, both limit price and stop price increase by the trail amount and limit offset. This is a different kind of order which comes with a stop-limit trail interval for extra downside protection. The limit order price is calculated based on the limit offset. But if the price falls down, the stop price will remain unchanged. You will determine the limit price by specifying how far from the trigger price, you will allow the buying or selling of the asset.
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This tool will give you some control over the volatile movements in the market. Want to benefit from the volatile cryptocurrency markets? Coinflex is a relatively new cryptocurrency exchange platform that has risen to dominance and gained popularity among crypto traders and enthusiasts. Keeping your assets on a cryptocurrency exchange is always risky. So, you want to benefit as the price of your crypto assets moves higher and you are willing to wait for the gain, but you think that can’t happen immediately. Unlike CEX, the trades and transactions are automated using smart contracts and decentralized applications, which makes them more secure since there is no central point of failure. Read our Deribit review for more info. Read our Coinflex review for more info. However, this seems to be changing right now as more competitors enter the space. Now choose the number of coins which you want to buy. Now, you want to control your losses. It can be painful to see when a gain evaporates and turns into losses. Do you really want to minimize your losses and protect your profits?