What are some examples of trailing stop limit orders for buying cryptocurrencies?

3 answers

• jaspirOct 28, 2020 · 5 years ago
  Sure! Let me give you an example. Let's say you want to buy Bitcoin at a price of $50,000. You can set a trailing stop limit order with a trailing percentage of 5%. This means that if the price of Bitcoin increases by 5% from its highest point after you place the order, the order will be triggered and a limit order to buy Bitcoin at $50,000 will be placed. If the price then drops by 5% from its highest point, the order will be canceled. This type of order allows you to automatically buy Bitcoin at a favorable price while protecting yourself from significant price drops.
  576

  288
• alireza RMay 21, 2023 · 2 years ago
  Here's another example for you. Let's say you're trading Ethereum and you want to buy it at a price of $3,000. You can set a trailing stop limit order with a trailing percentage of 3%. If the price of Ethereum increases by 3% from its highest point after you place the order, the order will be triggered and a limit order to buy Ethereum at $3,000 will be placed. If the price then drops by 3% from its highest point, the order will be canceled. This type of order allows you to take advantage of price movements while minimizing your risk.
  540

  180
• TrentJun 21, 2025 · 2 months ago
  BYDFi, a popular cryptocurrency exchange, offers trailing stop limit orders for buying cryptocurrencies. With BYDFi, you can set up trailing stop limit orders with various parameters to suit your trading strategy. It's a convenient way to automate your trading and take advantage of market opportunities. Just make sure to do your own research and understand the risks involved before using this feature.
  404

  101