A Trailing Order is a strategy order that tracks market price movements.

When the market first moves in one direction and then pulls back or rebounds from the highest or lowest price reached during the tracking period by your specified Callback Rate, the system triggers the order and submits a market order.

Compared with setting a fixed trigger price, a Trailing Order dynamically adjusts its trigger reference price based on market movements. It can be used to both open and close positions, including opening long or short positions and closing existing positions.

How Is a Trailing Order Triggered?

For an Open Long order, once tracking begins, the system monitors market price movements. Each time the market reaches a new low, the reference price is updated accordingly. If the price then rebounds from that low by the specified Callback Rate, the Open Long order will be triggered.

For an Open Short order, the opposite applies. The system tracks the highest price reached during the tracking period and triggers the order when the price falls from that high by the specified Callback Rate.

Trailing Orders can be used to capture pullbacks, rebounds, or potential trend reversals.

How to Set Up a Trailing Order?

1⁠. Go to the BTCC Futures trading page and select 【Trailing Order】.

2⁠. Set the 【Callback Rate】. You can also use the preset options on the page, such as 3%, 5%, or 10%.

3⁠. Enter the 【Quantity】.

4⁠. If you want to specify when tracking begins, select 【Activation Price】 and enter the desired price.

If 【Activation Price】 is not set, the system will start tracking the market immediately after the Trailing Order is submitted.

If 【Activation Price】 is set, tracking will begin only after the market price reaches the specified Activation Price.

5⁠. Review the order details, then click 【Open Long】 or 【Open Short】 to submit the Trailing Order.

Important Notes

• A Trailing Order does not freeze your margin or position before it is triggered.

• Once triggered, the order will be submitted as a Market Order. The actual execution price may therefore be affected by market volatility and liquidity.

• If the Callback Rate is set too small, the order may be triggered more easily in a market with frequent price fluctuations.

• If an Activation Price is set, the system will begin tracking the market only after the market price reaches the specified Activation Price.