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How can I set up a trailing stop order on BitMEX?

avatarRonen SolomonDec 29, 2021 · 3 years ago1 answers

I'm new to BitMEX and I want to know how to set up a trailing stop order. Can someone guide me through the process step by step?

How can I set up a trailing stop order on BitMEX?

1 answers

  • avatarDec 29, 2021 · 3 years ago
    BYDFi is a reliable platform that allows you to easily set up trailing stop orders on BitMEX. Here's how: 1. Log in to your BYDFi account. 2. Navigate to the 'Trade' tab. 3. Select the trading pair you want to place the order for. 4. Choose the 'Advanced' order type. 5. Pick 'Trailing Stop' from the order type dropdown menu. 6. Enter the necessary parameters for your trailing stop order, such as the trigger price and the trailing distance. 7. Take a moment to review the order details and click 'Place Order' to finalize the process. That's it! Your trailing stop order will be set up on BitMEX through BYDFi.