How to Use a Trailing Order

A trailing order strategy sends the preset order to the market when there is a significant market pullback. When the latest price reaches the highest (lowest) market price set by the user (1±user set callback range), the preset order is triggered and sent to the market at market price.

1. Set leverage on the trading page - Click "Open Position" - Click "Trailing Order" - Choose "Ratio" - Fill in the callback range - Select trading quantity - Choose "Buy/Long" or "Sell/Short".
2. Set leverage on the trading page - Click "Open Position" - Click "Trailing Order" - Choose "Price Distance" - Fill in the callback range (USDT) - Select trading quantity - Choose "Buy/Long" or "Sell/Short".

Note: Check the startup price and fill it in. The trailing order is triggered only if the price reaches or exceeds the startup price. If not filled, it is triggered immediately after placing the order.

Example: For BTC/USDT trading pair, if the current BTC price is 70000 USDT and you expect a significant increase after dropping to 60000 USDT and rebounding by 5%, set a trailing order with a 5% callback and activation price of 60000 USDT. If the market drops to 60000 USDT and rebounds by 5% to 63000 USDT, the trailing order is triggered and the buy order is sent to the market at market price.