This document provides an introductory guide to trailing stop orders in cryptocurrency, explaining the concepts of trailing stop-loss and trailing stop-sell orders. It outlines how trailing stops work, emphasizing that they adjust with price increases to secure profits while remaining static during price drops. Additionally, it details the steps to place a trailing stop sell order on a trading platform.

1. An Introductory Guide to Trailing
Stop, Trailing Stop-Loss and
Trailing Stop-Sell Order in
Cryptocurrency

2. Trailing Stop
Loss
The idea behind Trailing stop is quite simple.
In this order type, a value either a
percentage or fixed amount is set after a
position has been entered into, typically as a
stop loss order. And, when that value is
reached through the price drop in
cryptocurrency, the decision to sell that
particular crypto asset is made
automatically.
Trailing stops only move up. This means, if
the price of crypto asset is rising, your stop
will trail behind it to the specified value and
you will always keep those increasing profits.
Most expert traders use this feature to earn
profits.

3. Trailing stop buy is placed at a fixed
amount above the current market price.
As the price of crypto asset falls, the
trigger price is adjusted so that it is never
more than a specified value or trail from
the market price. If the price increases,
the trigger price doesn’t adjust. And, the
asset will be purchased at the best price.
Trailing Stop Buy

4. Trailing Stop Sell
Trailing stop sell is placed at a fixed
amount of the current market price of
the crypto asset. As the price of
cryptocurrency increases, the trigger
price is adjusted automatically so that it
is never more than a specified value or
trails away from the market price. If the
market falls, the trigger price doesn’t
adjust.

5. Steps to place a trailing stop sell order at
TrailingCrypto
·Select Trailing Stop Sell order type
·Select Base and Quote coin.
o E.g. Market: BTC/LTC
·Select the number of coins which need to be sold. You can also select the percentage option
to specify relative coin volume.
o E.g. 10 coins. (quantity could be in the fraction)
o Or 20% of quote coin.
·Enter the quote coin price at with you bought. If it is left blank, the current market bid price
will be used.
o E.g. 0.01516 BTC
·The offset is a 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.
o E.g. Offset = 3%

6. Thank You