Trail Stop Buy and Trail Stop Sell

How to use TrailStop ORders

Trail Stop Buy and Trail Stop Sell are orders that follow the current price of the market.

Quantity Field

Select Coin to trade

To purchase Exact amount of Coin, enter amount.

If you want to purchase based on the available balance at the time of execution, click on the percentage next to coin.

PROMPT FIELD

Select Price Trigger Action to Send Order

Last – When the last trade is enables this order

Bid – When the bid is reach, it enables this order

Ask – When the ask is reach, it enables this order

Trailing %

Enter the percentage amount from the current price to trigger. If buying, enter the percentage amount to trail away from the current high price.

Trailing Stop Buy Smart Orders Crypto Trading Terminal

Trail Stop Buy orders are used for in conditions to buy a coin/stock when the price is rising.

When and where to use a Trail Stop Buy Order Smart Orders Crypto Trading Terminal

It can also be used to buy a long position or to take a profit on a short position with smart orders crypto trading terminal.

While a stop buy order is an EXACT trigger price, a trailing stop buy is Moving Target stop buy price. The stop buy will move based on the movement of the current price. A Trail Stop is usually placed with a percentage in the orders widget. What is means is, that you want to stop price to move lower when the current price of the coin decreases, so that you can buy the coin cheaper.

Trailing Stop Sell

Trail Stop Buy orders are used for in conditions to buy a coin/stock when the price is rising.

When and where to use a Trail Stop Sell Order

It can also be used to sell a long position to take profit or initiate a short position.

While a stop sell order is an EXACT trigger price, a trailing stop sell is Moving Target stop sell price. The stop sell will move based on the movement of the current price. A Trail Stop is usually placed with a percentage in the orders widget. What is means is, that you want to stop price to move higher when the current price of the coin increases, so that you can sell the coin at a higher price.

Author: Muunship Trading

Muunship is a Multi-Chart cryptocurrency trading platform that connects users to the major crypto exchanges. Orders are routed directly to the exchange from your device. Muunship is available as a desktop and an iOS Android appliction for mobile and tablets.

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