Trailing Stop Loss on Binance. Rearengement Stop loss to breakeven by trigger on Binance.
Exchange Finandy and terminal for Binance
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Trailing by executed take profits
• Trailing Stop Loss when executing Tak...
Place at breakeven - it is a position profit percent, upon reaching which the Stop Loss order is moved to breakeven.
If this field is left empty, than the rearrangement to breakeven is disabled.
Second parameter of this option is for shifting the SL price from the breakeven price. If the field is left empty than the shift is equal zero. Set positive value to lock in a guaranteed profit.
Trailing - a position profit percent, upon reaching which the trigger price tracking will be activated. On negative values trailing will work out on losing position.
Leave the field empty to disable trailing stop loss. This is only necessary if you use a stop loss rearrangement to breakeven without trailing.
Next parameter is Callback rate - a distance from trigger price to Stop Loss order price in percents.
Min trailing step is the minimum step between adjacent rearrangements of Stop Loss in percentage on trigger.
Trigger price - is a type of event in which the trigger price and the Stop Loss price are checked.
The SL order will be rearranged into a new price if the distance between the trigger price and the Stop Loss price is more than the Callback rate and the difference between the new SL price and the old SL price is greater than the minimum trailing step.
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