How does BitMEX's trailing stop feature work?

3 answers

• Rohit FateDec 13, 2023 · 2 years ago
  Sure! The trailing stop feature on BitMEX is a powerful tool that allows traders to automatically adjust their stop-loss orders as the price of a cryptocurrency moves in their favor. When you set a trailing stop, you specify a percentage or a fixed amount that you want the stop price to trail behind the current market price. If the market price moves in your favor, the stop price will adjust accordingly, helping you lock in profits. However, if the market price reverses and reaches the stop price, your position will be closed, protecting you from further losses. This feature is particularly useful in volatile markets where prices can fluctuate rapidly.
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• Davenport EnglishNov 04, 2025 · 10 days ago
  The trailing stop feature works by continuously monitoring the price of the cryptocurrency you are trading. As the price moves in your favor, the stop price will automatically adjust to a predetermined percentage or amount below the current market price. This allows you to capture more profits if the price continues to rise. However, if the price starts to decline and reaches the stop price, your position will be closed, limiting your losses. It's important to note that the trailing stop feature is not available for all cryptocurrencies on BitMEX, so make sure to check if the coin you are trading supports this feature.
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• coding_tacticalSep 28, 2025 · 2 months ago
  BYDFi, a popular cryptocurrency exchange, also offers a trailing stop feature similar to BitMEX. With BYDFi's trailing stop feature, you can set a stop price that trails the market price by a specified percentage or amount. This feature helps you protect your profits by automatically adjusting the stop price as the market price moves in your favor. If the market price reverses and reaches the stop price, your position will be closed. BYDFi's trailing stop feature is a valuable tool for traders looking to manage their risk and maximize their gains in the volatile cryptocurrency market.
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