What are the steps to place a trailing stop order on BitMEX?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! Placing a trailing stop order on BitMEX involves a few simple steps. First, log in to your BitMEX account and navigate to the trading interface. Next, select the trading pair you want to trade. Then, choose the 'Stop Market' order type and set the 'Stop Price' to the desired trigger price for your trailing stop order. After that, set the 'Trailing Offset' to the desired percentage or value that you want your stop price to trail behind the market price. Finally, enter the quantity you want to trade and click on the 'Sell' or 'Buy' button to place your trailing stop order. Remember to review your order details before submitting it. That's it! Your trailing stop order will be executed automatically when the market price reaches or surpasses your stop price, and it will continue to trail the market price as long as the trailing offset is met.
  856428
• Dec 26, 2021 · 3 years ago
  Placing a trailing stop order on BitMEX is quite straightforward. Firstly, log in to your BitMEX account and go to the trading interface. Then, select the trading pair you want to trade. Next, choose the 'Stop Market' order type and set the 'Stop Price' to the trigger price you desire for your trailing stop order. After that, set the 'Trailing Offset' to the percentage or value you want your stop price to trail behind the market price. Finally, enter the quantity you wish to trade and click on the 'Sell' or 'Buy' button to place your trailing stop order. It's important to double-check your order details before confirming. Once the market price reaches or exceeds your stop price, your trailing stop order will be executed automatically, and it will continue to adjust as the market price fluctuates.
  807269
• Dec 26, 2021 · 3 years ago
  Placing a trailing stop order on BitMEX is a simple process. First, log in to your BitMEX account and access the trading interface. Then, select the trading pair you want to trade. Next, choose the 'Stop Market' order type and set the 'Stop Price' to the desired trigger price for your trailing stop order. After that, set the 'Trailing Offset' to the desired percentage or value that you want your stop price to trail behind the market price. Finally, enter the quantity you want to trade and click on the 'Sell' or 'Buy' button to place your trailing stop order. It's important to review your order details before submitting. Once the market price reaches or surpasses your stop price, your trailing stop order will be executed automatically, and it will continue to adjust based on the trailing offset you set.
  813204