What is a trailing stop order?
Trailing TP/SL is a take‑profit/stop‑loss mechanism that dynamically adjusts its trigger price in response to market price movements.
You set a price variance (percentage or constant amount). When the market moves in your favor and then reverses by the preset variance, the system will place a market order to close your position.
Regular TP/SL：Set a fixed trigger price. The position will be automatically closed once the market price hits this price.
Trailing stop：The trigger price adjusts automatically as the price moves in your favorable direction. The position will be automatically closed once the price pull‑back hits the pre‑set offset.
App
1. Open and log in to the Echobit App, then tap Futures. Tap the dropdown button under Market, and select Trailing TP/SL.
2. Select Percentage or Price Offset, enter the Amount, then tap Long or Short to place your order.
For example, select Percentage, set it to 0.1%, and set Amount to 26.
3. Tap the order icon at the bottom of the page to enter Futures Orders. Select Trailing TP/SL in the order list to view your orders.
You may tap Cancel to revoke the order before it is triggered.
After the order is triggered, you can check your positions and related information in Positions.
。
Web
1.Open the Echobit official website, then click Futures - USDT‑M Futures
2. On the right-side panel of the Futures trading page, click 【Trailing TP/SL】.
3. Select Percentage or Price Offset, enter the Amount, then click Long or Short. In the order‑confirmation pop‑up window, click Confirm.
Example: Select Percentage, set it to 0.1%, and set Amount to 26.
4. Click Open Orders—Trailing TP/SL at the bottom of the page to view your active orders.
You may click Cancel Order to cancel the order before it is triggered.
After the order is triggered, you can view your positions and relevant information under Positions.
Note: The activation price serves as the activation condition for Trailing TP/SL.
- If an activation price is set: Trailing TP/SL becomes effective only when the latest market trade price reaches or exceeds the activation price.
- If no activation price is set: Trailing TP/SL is activated immediately upon order placement.
Once triggered, Trailing TP/SL closes the position via a market order. Hence, the actual filled price may differ from the trigger price.
Echobit Official Channels
Website: http://echobit.com/
Linktree: https://linktr.ee/Echobit_Exchange
Twitter: https://x.com/EchobitExchange
Telegram: https://t.me/EchobitOfficial
Facebook: https://www.facebook.com/EchobitOffical
Risk Disclaimer
Cryptocurrency investments are subject to high market risk and price volatility. You should only invest in products that you are familiar with and fully understand the associated risks.
Before making any investment decisions, please carefully assess your investment experience, financial situation, investment objectives, and risk tolerance, and consider seeking advice from an independent financial advisor.
The information provided in this document is for informational purposes only and should not be considered financial, investment, or trading advice. Past performance is not indicative of future results. The value of your investments may fluctuate, and you may lose part or all of your invested capital.
You are solely responsible for your investment decisions. Echobit shall not be liable for any losses or damages arising from your investment activities.