Trailing Stop

1. What's Trailing Stop?

A trailing stop order helps users lock in profits and manage risk by automatically adjusting the stop-loss level as the market price moves.

When the price moves in a favorable direction, the stop-loss moves up accordingly to protect gains already made. If the price reverses, the order is triggered to exit the position, preventing further losses.

2. Trailing Stop in TradeWiz bot

• Auto Sell

3. How a Trailing Stop Works (Example: 5% Trail)

Price Movement	Current Price	Stop-Loss Level (5% below current price)	What Happens
Initial Price Set	100	95	🔒 Stop-loss set at 95
Price Rises to 110	110	104.5	🔄 Stop-loss moves up to 104.5
Price Rises to 120	120	114	🔄 Stop-loss moves up to 114
Price Drops to 116	116	114	⏸ No change, still above stop-loss
Price Drops to 114	114	114	🚨 Stop-loss hit — position is closed