Announcements Gate.io APP Contract Now Supports Trailing Stop Order - Helping You Manage Trades Intelligently

Gate.io APP Contract Now Supports Trailing Stop Order - Helping You Manage Trades Intelligently

2024-10-16 02:55:57 UTC 11521 Read

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The Gate.io APP now officially supports the trailing order feature, providing users with a more intelligent and flexible tool for managing trading strategies. This feature helps users automatically adjust orders during market fluctuations, enhancing trading efficiency and optimizing profit and risk control.

### What is a Trailing Order?
A trailing order is a strategic order that tracks the market price, allowing users to preset orders within a specific percentage or price range from the market price. When the market reverses (pulls back), the trailing order will place the pre-set order in the market.

As the price moves in a favorable direction, the trailing order will move along with it. As long as the price continues to move in favor of the trader, the trigger price will adjust accordingly, ensuring that users lock in profits while continuing to gain in favorable conditions.

Conversely, if the price moves against the trade by a certain percentage, the trailing order allows users to preset a market order to reduce or close their position. This helps users limit losses and protect profits in unfavorable conditions.

Note: A trailing order does not move in the opposite direction.

### Core Features
**1. Callback Setting:**
Users can set the callback percentage or fixed price distance. When the price moves in a favorable direction, the trigger price adjusts accordingly. When the price pulls back by the set percentage, the system automatically submits a market order.

**2. Activation Price Setting:**
Users can choose to set an activation price, which will trigger the trailing order only when the market price reaches this activation price. If no activation price is set, the order becomes effective immediately.
For detailed instructions, please refer to the guide on [How to Set Trailing Stop Orders.](https://www.gate.io/help/futures/questions/39450 "How to Set Trailing Stop Orders.")

### Applicable Scenarios
**1. Automatically Lock in Profits:**
When the position price continues to rise, a trailing order can help users automatically lock in profits and avoid missing the optimal closing opportunity due to market pullbacks.

**2. Effectively Limit Losses:**
In case of unfavorable market movements, a trailing order can help users automatically submit a closing or reducing order to stop losses in time and protect account funds.

**3. Capture Market Trends:**
For users looking to seize market reversal opportunities, a trailing order can automatically execute trades based on set conditions, reducing the need for manual adjustments and increasing trading efficiency.

### Example Operations
**1. Long Position:**
A user holds a long position of 1 BTC with an entry price of 50,000 USDT and expects a 5% market pullback as the optimal closing opportunity. The user can set a trailing order activation price at 52,000 USDT with a 5% callback. When the market price rises to 52,000 USDT and then pulls back 5% to 49,400 USDT, the system will automatically execute a market order to close the position.

**2. Short Position:**
A user holds a short position of 1 BTC with an entry price of 50,000 USDT and expects a 5% rebound as the optimal closing opportunity. The user sets a trailing order activation price at 48,000 USDT with a 5% callback. When the market price drops to 48,000 USDT and then rebounds 5% to 50,400 USDT, the system will automatically execute a market order to close the position.

### Important Notes
**1. **Before a trailing order is successfully triggered, the system will not freeze the margin or positions, so be cautious to avoid the margin or position being occupied by limit orders or ordinary stop-loss orders.

**2. **The triggering of a trailing order is not guaranteed to succeed and may fail due to position limits, insufficient margin, or the contract being in a non-trading state. The market orders triggered will be handled as ordinary market orders (IOC type) and may not fully execute. Unfilled or partially filled orders will be displayed in [Order History] - [Limit | Market Orders].

**3. **After the trailing order is filled, it will close the corresponding position or open a new position according to the user’s order quantity. If the order fails, the original position and margin will remain unchanged.

**4. **The maximum quantity per trailing order varies for different contracts and will be dynamically adjusted according to market conditions.

Gate.io reserves the final interpretation of this product.
For further assistance, please visit the official Gate.io support page or contact the Gate.io customer service team.

<sp>
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Gate.io Team
Oct 16th, 2024

Gate.io APP Contract Now Supports Trailing Stop Order - Helping You Manage Trades Intelligently

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