free web page hit counter
Trailing Stop in Hedge-Mode

Trailing Stop in Hedge-Mode


Cryptocoins Exchanges / Binance 34 Views

Hi there!
Can someone please throw me some light in this subject?
I’m using Hedge-Mode as position mode:

1) Open a long trade on ETHUSDT at a price of 1000
2) Then sell a trail_stop_market at activation price 1001, with a callback rate of 10% to track the profits in case the market moves in my favor.

So here is the question:
What will happen if price goes to 1002 (high enough to activate the order) and then turns down and hits let’s say a low price of 8999? If I’m not able to cancel in time, is this trailing stop order going to put me short once the price reaches $9000?

Thanks in advance

submitted by /u/GodblessyouPS
[link] [comments]