What is trailing take profit? - Royal Q Robot trade Binance Huobi Coinbase

What is trailing take profit?

Trailing Take Profit: Users can choose to set a starting price to trigger the trailing take profit. This function allows users to activate trailing stop loss only when the position is profitable, which is the so-called “trailing stop profit”.

For example:

The current latest market price is 30000, and the user starts to buy. Hope to set a trailing stop loss of 0.3% when the market price reaches 1.3%.

Users only need to enter 1.3% and 0.3%.

When the market price reaches 30390, the trailing take-profit will start. If it continues to rise, it will not sell until it drops back by 0.3%, and the take-profit will be automatically activated. At this time, the profit will be maximized.

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