Coinbase Trailing Stop Order

Automated trading tools such as a Coinbase trailing orders are becoming more and more popular these days, and they are extremely convenient for traders who trade and find it as a way to make some extra money, as well as for regular traders with a large number of concurrent strategies in the market. So let's take a closer look at trailing stop order method.

trailing stop interface goodcrypto download qr code

How to Set Up a Trailing Stop for Coinbase in GoodCrypto?

STEP 01
Connect Exchange

Add the API key to your account

STEP 02
Set up Trailing Stop

Simple setup in a few clicks

STEP 03
Trail Market Price

Trailing Stop fully follows the market automatically

Coinbase Trailing Stop Order Strategies

One of the crucial routine objectives for any trader is to identify market formations with successful and safe entry and exit points in reaching the most profit - there is the moment where the Trailing Stop order strategy shows itself to be very advantageous. Coinbase advanced order trailing stop strategies will allow you to make trades with maximum profits and minimum risks being equally successful in both directions of market movement. Complete article with a step-by-step guide about Trailing Stop Orders may be found on our blog, and below we will consider some main features available to any GoodCrypto platform user right now.
Coinbase Trailing Buy Order
Trailing Buy order strategy is a strong argument in favor of profitable trading when you prepare to take a long position, where the Trailing Order will track the price while it's falling, and will open a Buy order at the beginning of its rise - using the set Trailing Distance, based on the strategy. That way you'll take an asset at the bottom values, maximizing your profit horizons.
Coinbase Trailing Buy Order
Coinbase Trailing Sell Order
Trailing Stop Sell order will assist a superb entry to the Short, while the price during the rise and it is unknown at what moment it is likely to reverse - the Trailing Sell order follows it and will open a trade at the very reversal of the price down, as it passes the Trailing Distance. Come out on the maximum rates of profit in the trades, taking such amplitude movements.
Coinbase Trailing Sell Order
Coinbase Trailing Stop Loss Strategy
The Trailing Stop Loss on Coinbase Pro is an essential tool for every trader who does not want to limit their upside while protecting their portfolio from unexpected market spikes. Acting like a TP + SL, Trailing Stop Loss on Coinbase allows you to follow the price as it rises, moving your position to the break-even point and higher, thereby reducing the risk of potential losses and enhancing your potential profit. In addition, when the price trend changes from bullish to bearish, the dynamic Coinbase Pro Stop Loss will track the price from any level you specify, ensuring you exit the trade profitably.
Coinbase Trailing Stop Loss Strategy
Coinbase Trailing Take Profit Strategy
In cases if you would like to get an extra profit with Coinbase trailing take profit you could also use a Coinbase trailing stop loss with setting a trigger above the price where you would like to sell. Such a trick will work equally well. When an impulsive price movement occurs, and you want to pick it as much as possible - this is exactly what the Trailing Take Profit order is designed for. In comparison: a standard Coinbase Take Profit order has a certain point of closing a position, when a Coinbase Trailing order will track the price rising until the reverse - bringing you to the maximum profit..
Coinbase Trailing Take Profit Strategy

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Coinbase Trailing Stop Loss Bot In GoodCrypto

The Infinity Trailing bot can serve as a comprehensive automated solution for stable income and your significant time saving tool in trading. Bot using Coinbase trailing stops opens Trailing Sell and Trailing Buy orders depending on the trend in which it is working, and takes maximum profit from any movement, exiting the market at the moment of its break. For successful trading, you only need to set the necessary trailing distance.
Binance Trailing Stop Loss Bot In GoodCrypto

Coinbase Stop Loss and Take Profit Combos

With the GoodCrypto app, you can set the Coinbase combo including the Stop Loss and Take Profit to any trade - (Coinbase market order, Сoinbase limit order, or trailing Coinbase stop orders) even with no balance freeze! A Trailing Take Profit can be also connected to the initial order. It will help you increase your target Risk/Reward Ratio even more. Set the limit orders on Coinbase in a few clicks and enjoy a happy weekend without trading. Cryptocurrency trading just got a lot easier!
Binance Stop Loss and Take Profit Combos

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FAQ

Yes, it does, but with much narrower functionality and customization than in the GoodCrypto app. Also, the native trailing stop orders on Coinbase freezes a user’s balance while Good Crypto’s one does not. Nevertheless, we provide our users with the best tools and a user-friendly UI. Check it out right now!

Add Coinbase API key to our app and enjoy trading with Trailing Stop on Coinbase, with Stop Loss and Take Profit combos, Trailing Stop Loss bot and other advanced order types.

In our definitive guide, find all details about configuring the Coinbase API key and adding it to Good Crypto.

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!

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  • We don’t have access to your funds.
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  • 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-day trial and connect your wallets to use more features.