Docs

Kraken Trailing Stop Order

The Kraken trading bot is one of the coolest tools for stable passive income for any trader among the extended functionality of the GoodCrypto terminal. Bots for Kraken are created based on algorithms to make profit from each market cycle, and after the initial setup no longer require your involvement in the process, freeing up a lot of free time for more meaningful activities.

Start Trailing Now

How to Set a Trailing Stop for Kraken in GoodCrypto?

STEP 01

Connect Exchange

Add the API key to your account

STEP 02

Set up Trailing Stop

Easy to adjust in a few clicks

STEP 03

Trail Market Price

Trailing Stop fully follows the market automatically

Kraken Trailing Stop Order Strategies

A Trailing Stop order is one of the primary and powerful tools in the strategy of a successful trader because it allows entering trades at the very best price in any market formation and maximizes its profit. Each Trailing Stop order can equally well serve as a good buying or selling point in a trade or could reduce the risk of losses, depending on your strategy. We highly recommend you to read our complete guide on Trailing Stops, where we fully disclosed all the charms of using extended orders through the GoodCrypto platform. Now let's look at Kraken's advanced order trailing stop strategies accessible to GoodCrypto users.

Kraken Trailing Buy Order

A Trailing Buy order strategy is a potent tool for entering long positions. The trailing order will follow the price as it declines and will trigger a Buy order if/when the price starts to rise from its lowest point by the distance of the set Trailing. That way, you can purchase an asset at the best price just at the moment when the market turns around, increasing your chances of profit.

Try Trailing Buy Now

Kraken Trailing Sell Order

Trailing Stop Sell order goes along with the price as long as it rises up and opens a Sell order if / when the price starts to pull back from its peak by the amount set as the Trailing Distance. That gives you a chance to sell at the highest price and get a solid profit exactly when the trend changes: while the price turns from an upward movement to a downward one.

Try Trailing Sell Now

Kraken Trailing Stop Loss Strategy

Kraken trailing stop loss allows you to protect your portfolio from adverse effects during the next market rally when the price moves in a hectic way. It is a dynamic stop loss that follows the price from any price level you prefer. The order will follow the price at the selected trailing distance and will be executed when the trend changes and passes this specified distance backward.

Try Trailing Stop Loss Now

Kraken Trailing Take Profit Strategy

If you set the order trigger above the buying price, Kraken trailing stop loss can also serve as a Kraken trailing take profit. Trailing Take Profit is used where you'd prefer to gain more profit when the market price keeps going in the right way, instead of the initial Take Profit target, which would have closed at a certain price level. The TP will be executed when the trend reverses or pulls back, and the price will pass the adjusted trailing distance. In this case, you could ride "to the moon" till its end and won't miss any part of the profit.

Try Trailing Take Profit Now

get the app. start trading smarter

All your trades, bots, and portfolio in one place — across CEXs and DEXs

Try for Free

iOS App

Android App

Android APK

<span>get the app.</span> start trading smarter

Kraken Trailing Stop Loss Bot In GoodCrypto

The Infinity Trail bot could save you tons of time and will trade autonomously with the Kraken trailing stops. First, thebot will be executing Trailing Sell and Trailing Buy orders to ride both trends. Then, set up the Trailing Distance depending on observed volatility, and make the bot run. Moreover, you can set a PnL drawdown. It will catch gains and also protect you from significant losses.

TRY FOR FREE

Binance Trailing Stop Loss Bot In GoodCrypto

Kraken Stop Loss and Take Profit Combos

Using the GoodCrypto app, you can connect the Stop Loss and Take Profit Kraken combos to any type of orders (market, limit, or trailing stop order) even with no balance freeze! An additional Trailing Take Profit can also be connected to the initial order. It will help you increase your target Risk/Reward Ratio even more. Adjust your trades in a few clicks and enjoy watching them execute according to your chosen scenarios. Cryptocurrency trading now is much easier!

Try Take Profit & Stop Loss Combo Now

Binance Stop Loss and Take Profit Combos

Kraken Trailing Stop Order Basics

why goodcryptoX?

unique trading tools

Limit and trailing orders, no-code trading bots like Grid, DCA, TradingView Strategy, and a lot more

non-custodial

Connect your own exchange accounts via API keys and retain full control over your funds at all times.

revenue share

Hold GOOD tokens and get 50% of all swap fees collected by the platform. Get a 1.5x multiplier with our Ultimate NFT.

trading rewards

Receive GOOD token rewards by trading with our Hyperliquid trading bot. The more you trade – the more you earn!

FAQ

No, it doesn’t, but you can trade with Kraken trailing stop order via the GoodCrypto app with no balance freeze and enjoy our best trading tools and a user-friendly UI. Check it out right now!

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

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 GoodCrypto has to offer.

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