×

Download our apps


What is the difference between the Trailing Stop and Trailing Stop Limit orders?

Trailing Stop orders are, in fact, Trailing Stop Market orders. They behave exactly in the same way as Trailing Stop Limit until the trigger price is reached. After that, Trailing Stop order sends a Market order to the exchange, while Trailing Stop Limit places (you guessed it) a Limit order.

Trailing Stop (Market) order ensures that the order is filled immediately after it’s triggered. This order property is crucial when you use a Trailing order as a Stop Loss and/or Take Profit. However, if the price moves sharply, there is a risk that the order fills at a price that is higher/lower than the order trigger price.

Trailing Stop Limit order fixes the price at which the order will be filled. However, if the price moves sharply past the Limit price, there is a chance that your order won’t be filled and will ‘sit’ in the orderbook after it’s triggered.

Thus, the choice between the Trailing Stop (Market) and Trailing Stop Limit orders is a tradeoff between the certainty of order execution vs. the certainty of the execution price.

See detailed Trailing Stop Market vs. Trailing Stop Limit performance comparison in our blog post.

Share this post:

October 19, 2020

Want to trade on KuCoin‌ Futures with Trailing Stop, concurrent Stop Loss and Take Profit, and other advanced order types? They are all at your disposal with...
Click here to see the process of configuring and adding your KuCoin‌ ‌Futures‌ ‌API‌ ‌key‌
Want to trade on Bitfinex with Trailing Stop, concurrent Stop Loss and Take Profit, and other advanced order types? They are all at your disposal with the Go...
Click here to see the process of configuring and adding your Bitfinex API key
Want to trade on ‌KuCoin‌ with Trailing Stop, concurrent Stop Loss and Take Profit, and other advanced order types? They are all at your disposal with the Go...
Click here to see the process of configuring and adding your KuCoin‌ API key
Want to trade on Bybit with Trailing Stop, concurrent Stop Loss and Take Profit, and other advanced order types? They are all at your disposal with the Good ...
Click here to see the process of configuring and adding your Bybit API key
Want to trade on FTX with Trailing Stop, concurrent Stop Loss and Take Profit, and other advanced order types? They are all at your disposal with the Good Cr...
Click here to see the process of configuring and adding your FTX API key

Get the App. Get started.

×