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Poloniex Trailing Stop Order

Finding an appropriate entry point into a position is a dilemma familiar to many traders. And what can be the way out? With this problem in mind, the GoodCrypto team developed a range of trading tools, including Poloniex Trailing Stop orders. This feature helps Good Crypto users take risks under control and significantly increase the ratio of profitable trades and their size. By using Poloniex Trailing Stop orders by Good Crypto in your regular trading, you will notice a significant difference in operational efficiency, PnL performance, and risk management while spending less time in the market.

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How to Set a Trailing Stop For Poloniex In GoodCrypto?

STEP 01

Connect Exchange

Add the API key to
your account

STEP 02

Set up Trailing Stop

Simple setup
with a few clicks

STEP 03

Trail Market Price

Trailing Stop follows the market automatically

Poloniex Trailing Stop Order Strategies

As part of a profitable trading strategy, a Trailing Stop order is a great tool to reduce risks in mid-term (swing) trading and take the maximum from almost any market movement. Trailing Stop orders may be utilized for a smart purchase of any asset or a position exit at the best possible moment. Also, Trailing Stop orders can help you significantly reduce the risks of loss when used as a dynamic Stop Loss. In our blog post, you can find a precise guide on using various trailing stop orders. Now, let's look at some popular trailing stop trading strategies that you can use on Poloniex.

Poloniex Trailing Buy Order

One of the best ways to find a favorable entry into a long position is to implement a Trailing Buy Order strategy. After a simple setup, a Trailing Buy order will follow an asset's price in a sleeping mode at a specified distance as it falls and will activate and execute a market (or limit) buy order when the trend changes. To clarify, it will place a buy order when an asset’s price passes a specified trailing distance, allowing you to neglect minor market spikes and purchase an asset at its lowest value and exactly when the trend changes.

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Poloniex Trailing Sell Order

The working principle of the Trailing Stop Sell order is similar to one of the Trailing Buy orders, only in the opposite direction. Good Crypto will place and execute a sell order precisely when the market trend changes from upward to downward, thereby letting you sell an asset almost at the highest price possible. The only thing you should do is set an appropriate trailing distance.

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Trailing Stop Loss Poloniex Order

Poloniex trailing stop loss is a dynamic alternative to the standard Stop Loss Order, which will follow an asset’s price all the way to the highest point. Then, it will close the position at the moment of a trend reversal according to a pre-set trailing distance. Trailing Stop Loss is a must-have feature in the strategies of many successful traders.

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Trailing Take Profit Poloniex Order

Poloniex Trailing Stop Loss can also work as Poloniex Trailing Take Profit if you place your order trigger above the buy price. In cases where the market experiences a powerful bullish impulse or you observe a long trend and want to take the maximum out of it, a Poloniex Trailing Take Profit is a must-have finisher for your strategy. After the simple setup, the Trailing Take Profit order will follow the trend till its end and will close a position only when the price passes the pre-set trailing distance.

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Poloniex Trailing Stop Loss Bot In GoodCrypto

The Infinity Trail bot is another excellent tool by Good Crypto for profitable trading under any market movement but without your direct involvement. The bot will make multiple trades in different directions by activating Poloniex Trailing Stops automatically, using Trailing Distance as the primary condition to exit the market. You can also configure a Stop Loss or Take Profit condition for your bot. It’s essential to achieve stable results on the long run.

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Binance Trailing Stop Loss Bot In GoodCrypto

Poloniex Stop Loss and Take Profit Combos

Through the GoodCrypto interface, you can attach Stop Loss and Take Profit combos to any standard order on any exchange. And the important thing is that it is done without using or “freezing” your balance until the orders are executed.. Set up any of your positions simply and with pleasure! With the GoodCrypto App being in crypto, profit has become much easier!

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Binance Stop Loss and Take Profit Combos

Poloniex Trailing Stop Order Basics

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

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

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

FAQ

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

Add the Poloniex API key to our app and enjoy trading with Trailing Stop on Poloniex, 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 Poloniex 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!

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.