Trailing stops
A Trailing Stop order dynamically follows the market price at a fixed distance. As the price moves in your chosen direction, the trailing trigger moves with it. When the market reverses by the set distance, the order is triggered and submitted to the exchange.
Trailing Buy follows the price downward and triggers when the market bounces up by the trailing distance. It’s typically used to enter a position at the lowest possible point.
Trailing Sell follows the price upward and triggers when the market pulls back by the trailing distance. It’s commonly used to exit positions at the highest point before a reversal.
Trailing orders in goodcryptoX are handled on our server until triggered. The exchange doesn’t know about them until they fire, which provides two key advantages:
Your balance isn’t frozen until the order is triggered, so your capital remains fully usable.
They don’t count toward your exchange order limit.
However, this also means the order depends on our infrastructure: if our servers are temporarily unavailable when the trigger condition is met, the order may not be submitted.
Watch our video overview for a detailed walkthrough:
Reverse Trailing Orders
Reverse trailing orders do the opposite:
Reverse Trailing Buy follows the price upward and triggers when the market drops. It’s useful for “buy the dip” setups.
Reverse Trailing Sell follows the price downward and triggers when the market rises. It’s designed to “sell the pump”.
Trailing Stop vs Trailing Stop Limit
Trailing Stop (Market): when conditions are met a market order is sent to the exchange. Ensures execution but may suffer slippage in fast-moving markets.
Trailing Stop Limit: places a limit order on the exchange at the trigger price. Protects against slippage but may fail to fill if the market moves past the limit price too quickly.
See our video “Trailing Stop vs Trailing Stop Limit” for a detailed breakdown:
Advanced Features
Trailing Start
Normally, Trailing Stop starts tracking the market as soon as the order is created. With Trailing Start, you can define a condition that must be met before trailing begins. The trigger can be either a price level or a TradingView webhook. This adds flexibility for advanced setups:
Example: Start trailing buy only if Bitcoin drops to $90K
Example: Start trailing sell when a TradingView alert is triggered (e.g., breaks above Bollinger Band)
Improve Only
The Improve Only option ensures that your entry price will never be worse than the current market price. Without it, a Trailing Buy with a 1% trailing distance at 100k would initially trigger at 101k; with Improve Only enabled, the order waits until the market dips enough so that the trigger can trail at 100k or lower.
Improve Only can be used on its own or together with Trailing Start. For example, you can set:
Trailing Start: 90k
Trailing Buy distance: 2%
Improve Only: enabled
Without Improve Only, the worst-case fill would be at ~91.8k (90k + 2%). With Improve Only, the system shifts the effective start level so that the worst-case fill is around 90k instead: if price bounces immediately, you buy roughly at your start level; if it keeps dipping, you buy even lower.
Take Profit / Stop Loss Combos
Trailing orders can also be used as Trailing Take Profit or Trailing Stop Loss legs inside TP/SL combos. For more on that, see Trailing TP/SL.
Learn More
Read our full guide:
Last updated