what is trailing stop loss


SUBMITTED BY: phroyd

DATE: Feb. 13, 2018, 9:05 p.m.

UPDATED: May 5, 2018, 10:58 a.m.

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  1. http://bit.ly/TradeYourCryptoLikeABoss
  2. At 3commas you can do SmartTrading on Binance, Bittrex, Bitfinex, Kucoin and Poloniex or any Ethereum wallet!
  3. You can plan TakeProfit and StopLoss simultaneously, additionally you can “trail” StopLoss and TakeProfits targets.
  4. What means "trailing"? Lets say your coin trades at around $100 for a while, but then begins to rise.
  5. In this case, the approximate action of Trailing Stop Loss will be as follows:
  6. No. coin price per 1 unit Trailing Stop Loss value
  7. 1. $100 $90
  8. 2. $102 (rise) $91.80
  9. 3. $105 (rise) $94.50
  10. 4. $101 (correction) $94.50
  11. 5. $105 (rise) $94.50
  12. 6. $108 (rise) $97.20
  13. 7. $112 (rise) $100.80
  14. 8. $108 (correction) $100.80
  15. If you see this visual example, you'll know how it works: https://gifyu.com/image/pTKz
  16. Sign up 3commas and get $10 to try it for yourself!
  17. http://bit.ly/TradeYourCryptoLikeABoss

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