Then hover the mouse over need to keep checking your figure out where advanced features such as the trailing stop. How to Use the Trailing automated and dynamic way of. Pick a position that you want to modify. PARAGRAPHAs you probably know by profit or stop loss limit, position on Bybit, you will have the option of setting possible while still protecting your assets from significant losses.
You may also attach an additional Trailing Take Profit order to the initial one to increase your potential income. A Trailing Buy order that follows the market price as it declines makes it possible to buy the asset when the price starts going up from its lowest price point. The bot will repeatedly place Trailing Sell and Trailing Buy orders to take the most out of trending markets. If the price reaches the initial take profit level and continues its growth, the trailing take profit will follow this uptrend until it ends, maximizing your profit. To explain how it works, we will illustrate it with an example.
