What is trailing order?
KickEX exchange trading terminal allows the use of professional trading tools and automate many processes. In particular, the trailing order allows to execute orders in the most profitable zone, be it buy order or sell order. The usefulness of the tool is that it dynamically follows the price of the asset, changing conditions according to the user settings. As an example, let's say the price of an asset is $100, and further growth is expected, and we want to catch the highest price for the sale. Using trailing order we set the upper limit of $150, stop at $120. Upon reaching the upper limit of $150 and further upward movement of the price, the entire range will shift up, following the current price. If the price starts to move down, the stop order will be executed. Also it works in the case, when we want to buy the asset at the lowest price.