What is a Trailing limit order?
Trailing Limit order is an order that automatically changes it's Limit price according to the last trade price on the chosen trading platform.
Currently the following trading platforms can be used:
- Bitfinex (within LTC/USD and BTC/USD);
- Bitstamp (pair BTC/USD);
- HitBTC (pair BTC/USD);
- Binance (while trading BTC/USDT).
In the "Price from" field you can choose a trading platform to get the last trade price from it.
This price will be automatically set as a limit price for this order. It will be automatically updated as soon as the last trade price on the chosen exchange changes. It will be automatically updated as soon as the last trade price on the chosen exchange changes.
Attention: the price is being updated every 60 seconds.
"Price change" field is made for the users who want to set a limit price different from the chosen exchange. The default value is 0%. For example, if you want to set a limit price from other exchange and increase it by 4%, you have to fill 4% in this field.
Note: If the order price exceeds the balance of the account, it will be automatically canceled.