Trailing Buy is a reverse version of Trailing Take Profit, designed for coins that are declining in value. It helps you purchase coins at the best possible price by waiting for the price to stop falling and start rising by a specified percentage.
Note
Trailing Sell operates with the same logic as Trailing Buy but in reverse, allowing you to sell assets at the best possible price as they rise. This article focuses solely on Trailing Buy, as it is more commonly used.
How to Activate Trailing Buy
Toggle the "Trailing Buy" slider to enable the feature.
This automatically sets the order type to Conditional Market Order.
Set the percentage deviation to determine how much the price should rise after hitting your trigger price before executing the buy.
How It Works: A Step-by-Step Example
Imagine BTC's price is dropping, and John wants to buy 1 BTC at the optimal price.
Current BTC rate: $34,360.
Trailing Buy trigger price: $33,500.
Deviation percentage: 1%.
What happens next:
When BTC’s price hits $33,500, the Trailing Buy feature activates.
It tracks the price as it continues to fall.
Once the price rises by 1% from its lowest point, the purchase is executed.
Another Example: Trailing Buy in Action
Trigger Price: $400
Deviation: 10%
The Trailing Buy activates at $400.
It tracks the price as it drops.
When the price reaches its lowest point and rises by 10%, the trader buys ETH for $385 instead of the initial $400, saving 4%.
Key Benefits of Trailing Buy
Optimized Entry: Ensures you don’t buy during a continued price drop.
Automatic Execution: Tracks the market for you and executes only when the set conditions are met.
Better Pricing: Often results in buying at a price lower than the trigger price.
Learn More
To better understand this feature, review the following animated demonstration. It shows how Trailing Buy follows the market's price downward until it meets your specified conditions for purchase.
