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  1. Order Types
  2. Dexible's Order Types

Trailing Stop

PreviousStop Loss NextStop Limit

Last updated 2 years ago

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Use a Trailing Stop as the an asset rises to maintain profits up to a percentage or number amount from the peak 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.

Find more steps here:

Submitting an Order