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ByBit Trailing Stop Orders

Trailing Stop Orders from GoodCrypto are beneficial for volatile crypto markets. Trailing Stop ByBit orders help lock in your profit, eliminate trading risks, and reduce possible losses in any market formation. Don't miss any trading opportunities or income with ByBit Trailing Orders by GoodCrypto.

How To Set Up Trailing Stop Loss ByBit?

Connect ByBit Account

Add ByBit API keys to your GoodCrypto account

Setup Trailing Stop

Simple set up with visual guides

Trail Market Price

Trailing Stop follows the market automatically

ByBit Trailing Stop Strategies

A Trailing Stop is essential in the case of trending cryptocurrency markets. Each trailing stop strategy will assist you in locking in gains and reducing potential losses by exiting and entering positions at the appropriate times. Break down every point about Trailing Stops with our guide that covers all the basics and highlights all the advantages of trading with advanced Trailing Orders through the GoodCrypto app.

Binance Trailing Sell Order

ByBit Trailing Buy Strategy

The first strategy is the best to grow profits in long (buy) positions. 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. A trailing buy will only be filled when the coin price rises by a percentage of the previously specified amount of trailing distance. As a result, you can buy assets at the lowest prices just as the bearish trend turns bullish and begins to creep up.
Binance Trailing Buy Order

ByBit Trailing Sell Order Strategy

The Trailing Stop Sell strategy aims to assist traders in capitalizing on uptrends and selling cryptocurrency at the highest possible price. Trailing stop sell follows the market price as it rises and fills the sell order only when the price moves back and drops from its peak by a percentage of the trailing distance. As a result, you can sell an asset at the best price and earn a more significantprofit by exiting a long position right when the trend changes its direction.
Trailing Stop Loss Binance Order

Trailing Stop Loss ByBit Strategy

The ByBit Trailing Stop loss is a shield for your portfolio, which guards against unexpected price fluctuations when they move unfavorably. This dynamic stop loss order acts both like Stop Loss and Take Profit and follows the price at a trailing distance, moving the SL level up. The order is filled just when the price reverses and passes the trailing distance. This way, you will exit positions with profit, and even in the worst scenario, you'll limit your losses.
Trailing Take Profit Binance Order

ByBit Trailing Take Profit Strategy

If the order trigger is activated above the initial Trailing Buy price, the ByBit Trailing Stop loss will serve as Trailing Take Profit. Trailing Take Profit can help you ride the bullish wave for as long as possible, making additional profits. 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. Take Profit will be triggered when the price trend moves back and overcomes a certain percentage of the fixed trailing distance.

Manage all exchange accounts with one application!

ByBit Trailing Stop Loss Bot

Binance Trailing Stop Loss Bot In GoodCrypto
The Infinity Trail Bot for ByBit will gain more stable profit 24/7 without your input by automatically executing Trailing Stop Orders. The bot will repeatedly place Trailing Sell and Trailing Buy orders to take the most out of trending markets. Simply set the bot with a preferred entry/exit trailing distance depending on market volatility and launch it. Make sure the PnL drawdown level is set. Then, if the market price goes against you, you will be protected from sudden and unexpected losses.

ByBit Take Profit and Stop Loss Combos

Binance Stop Loss and Take Profit Combos
Adjust ByBit Stop Loss + Take Profit combo orders to any initial order simultaneously, with no balance freeze! You may also attach an additional Trailing Take Profit order to the initial one to increase your potential income. Just customize your position with a few clicks and wait for it to be executed!

Why Good Crypto?

Advanced Trading Functionality

Advanced order types, automated trading strategies, charting, technical indicators, signals, and a lot more for 35 leading crypto exchanges

Simple Intuitive Interface

Every advanced tool can be mastered and set up with a few clicks. Becoming a PRO trader never was so easy

Best Value

GoodCrypto provides the most advanced trading features and tools for profitable trading at the lowest price on the market. What is more, you can try them for free with a 14-day free trial. Check it out now!

FAQ

Plenty of features are available in GoodCrypto for free. However, some advanced Trading & Analytical tools are available only in the PRO package. If you want to use the app at full blast, start with a 14-day free trial and give it a try!

GoodCrypto is one of the most secure crypto trading apps on the market. 

  • We don’t have access to your funds.
  • We don’t require your wallet’s private keys.
  • The app supports immediate on-device asymmetric encryption of all API keys and user data.
  • All internal connections are encrypted, and backend services are encrypted and firewalled separately.

Please find more details about Good Crypto’s security on our Security page.

Everything is very simple:

  • Download the GoodCrypto app. 
  • Create an API key for your crypto exchange(s) and add it to GoodCrypto.
    * More details on how to configure API keys may be found here.
  • Start a 14-days free trial to take full advantage of the best trading tools GodCrypto has to offer.

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