How to Use the Trailing Stop Feature (SAFEX App)
To help you manage position risk more flexibly and lock in profits effectively, SAFEX Contract Trading now supports the Trailing Stop feature. Below is the feature overview and user guide:
Feature Overview
Trailing Stop is a dynamic stop-loss strategy that automatically adjusts the stop-loss price when the market moves in your favor. It helps you maximize profits and automatically close the position when the price reverses by a set amount.
How to Access
Open the SAFEX App, go to the [Futures] trading page
In your active positions, tap [ TP/SL]
Select the [Trailing TP/SL] tab to configure your settings
Parameter Descriptions
Activation Price
The activation price is the condition for triggering the trailing stop order. When the latest market price reaches or exceeds the activation price, the order becomes active. Once activated, the system starts calculating the actual stop price. If the activation price is not set, the order is activated immediately upon placement.
Callback amount
The callback rate is the main factor in calculating the actual trigger price. The actual trigger price is calculated based on the historical highest/lowest price and the callback rate. For example, for a 5% callback rate on a sell order with a historical high of 50,000, the current trigger price would be 50,000 * (1 - 5%) = 47,500.
Quantity
The order quantity to be executed by market order after the trailing stop is triggered. Currently, only full position trailing stop is supported.
Activation Rules:
1. If the activation price = the latest market price at the time of order placement, the order is activated immediately.
2. If the activation price > the latest market price at the time of order placement, the order will be activated when the new latest market price ≥ activation price.
3. If the activation price < the latest market price at the time of order placement, the order will be activated when the new latest market price ≤ activation price.
Example
Suppose you open a long position:
Set the activation price at 1000 USDT，and retracement rate is 5 %
When the market price rises to 1000 USDT, the trailing stop is activated
If the price continues to rise to 1100 USDT, the stop-loss price moves up to 1050 USDT
If the price falls back to 1050 USDT, the system triggers the stop-loss and closes the position automatically
Important Notes
Once set, the system will continuously monitor price movements and adjust the stop-loss accordingly
If you manually close or modify the position before the stop is triggered, the trailing stop will become invalid
This feature uses market price triggers and may not guarantee precision during extreme volatility — please set parameters reasonably
For further assistance, feel free to contact our customer service.
SAFEX Team
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