A trailing stop order is the exchange-side implementation of a trailing stop: the trigger price tracks the most favorable price seen since the order was placed, by a configured distance (absolute or percent). The trigger only moves in your favor — never against.
Exchanges typically expose the trail distance two ways: a callback rate (e.g. 1.5%) or a fixed offset (e.g. 200 USDT). Once triggered, the order behaves like a stop market — it fires immediately and can suffer slippage.
Not every exchange offers true server-side trailing stops, and behavior on connection loss varies. For mission-critical exits, many systematic traders implement trailing logic client-side and submit fresh stop orders on each ratchet.
Wie Noon Barbari Trailing stop order nutzt
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Order types in the designer →Verwandte Begriffe
- Risiko
Trailing stop
A stop that ratchets in the trade's favor and never moves against it.
- Orderarten
Stop order
An order that converts to a market order once a trigger price is reached.
- Risiko
Stop loss
A pre-committed exit level that caps the maximum loss on a trade.
- Risiko
Take profit
A pre-committed exit at a target price that locks in a winning trade.