Do you want to reap the benefits of volatile cryptocurrency markets, read more? Do you want to safeguard your investment and minimize losses, but in addition, increase profits. If so, you should know the most profitable strategies and the tools for trading in crypto.

You’d like to profit from the growth in value of your cryptocurrency assets, and are willing to wait however, you are assuming that it will not be immediate. While you are waiting for the price to rise, it is moving both up and down. It’s difficult to see when a gain evaporates and turns into losses. Now, you want to limit the loss. What can you do to limit your losses?

Of course, that’s possible by using Trailing Stop Limit Order. The tool can give you some control over the volatility of the market.

What exactly is a trailing Stop Limit Order?

A stop limit trailing order is designed to allow traders in crypto to set a limitation on the highest risk of loss without putting a limit on the maximum potential gains. The order comes with extra protection against risks by having a trailing stop limit. TrailingCrypto is one of the most popular crypto trading platforms, lets traders effectively and effortlessly create trailing stop orders.

Trigger Delta is a way traders can determine the extent to which a cryptocurrency value could fall before they make a purchase or raise it prior to placing a purchase order. The trigger delta can be specified as either in percentages of the value of an asset, or as a sum. When you set the delta trigger, TrailingCrypto will continuously calculate the value that will trigger your order, based on price fluctuations for the asset as they change in the direction of a positive. Your trigger price will not be affected by changes in the market in a direction.

Once your purchase is activated, the buying or selling of the crypto asset is limited orders. Limit price is established by specifying the amount you’d like to be able to afford trading or buying the cryptocurrency asset in response to the trigger. It is known as Limit Offset.

Trailing stop limit sell

A Trailing Limit Sell Order moves in line with the current market price and constantly recalculates trigger prices at a fixed price below the market price, using the price of the trailing period as determined by the customer. The price of the limit order is calculated based on the offset of limit. Price of Limit and Stop each increase when the price rises. When the price falls, it is possible that the stop may be maintained. The Trailing Limit Sell order is one of the top trading tools for cryptos. It permits selling limit to track the movement of price of the cryptocurrency pair. We can understand this using an example:

 

Let’s say a trader makes the order of selling a stop-loss trailing limit for XBT/USDT. In the next step, the trader will set the gap between the trigger and trailing delta as 10%. Therefore, the limit sell order is always 10% off the price at which XBT/USDT is traded. The trailing amount will be recalculated if the exchange rate goes up between 9,500 USDT and 9,400 USDT.

Thus, the distance between the market price of the pair and that of the limit-sell order remains 10 per cent. However, if the pair increases in value, the limit sell price will not decrease.

How do I calculate the trailing limit of sale order?

The first step is to select your preferred exchange

Click on Trailing Limit Sale within the Orders window.

Once after specifying the type of order, you can enter the necessary parameters. In this case, you could opt for USD Trading against Bitcoin to trade on the market. You may specify the quantity as 10 BTC or 5 BTC. To offset your order it is possible to select 10%. This is the time to complete your order.

The order has been visible in the Order Window.

This order type is an exact mirror of the stop limit trailing order. It’s a good way to protect profits generated through short selling or while buying any other stock that is going to bounce off due to a low in the market.

This is a step-by-step process to place a trailing stop purchase order with TrailingCrypto.

Select the exchange

Select Trailing stop buy order

Choose the base coin and the quote. Select the quantity of coins you want to purchase. Pick the proportion you would like to make use of. You can say 10, BTC or select 10% of BTC.

Enter the quote coin price at which you buy. This field uses the price of market if there is no value.

Pick the offset percentage above the cost of goods and services.

Submit order