Risk & Exit Tools

Trailing stops

How trailing stops work in a strategy, the trailing distance, and the five behavior modes: standard, arm at profit, breakeven flip, replace take profit, and partial TP.

A trailing stop follows the price up and holds a set distance below the peak. As price climbs, the stop climbs with it and never moves back down. When price falls back to the stop, the position closes. That lets a winning trade keep running while still protecting the gains it has made.

The stop ratchets up with the price and never moves down. When price pulls back to it, you sell.

A quick example

You buy a stock at $100 and set a 10% trailing stop.
The stock rises to $150. The stop is now at $135, which is 10% below the new high.
The price falls to $140. The stop stays at $135, because it never moves down.
The price keeps falling and hits $135. The position closes, locking in the gain.

Where to set it

The trailing stop lives in the strategy editor, on the Risk & exits tab, under Risk management (“Stop loss, take profit, trailing stops”). It sits next to Stop loss and Take profit as the third field.

The Risk & exits tab, with the Stop loss, Take profit, and Trailing stop fields and a live risk simulator below Risk management on the Risk & exits tab. Trailing stop is the third field; the risk simulator below replays how your exits would fire.

Open the Strategies page and open a strategy to edit it.
Go to the Risk & exits tab.
In Risk management, enter a distance in the Trailing stop field. It takes either form — 5% or $0.10, as its helper says.
Expand the Trailing-stop behavior panel below and pick a mode.

The Trailing stop field is only shown for instruments the engine trails. It is hidden for Crypto and Prediction Markets; memecoins trail from their own Exits tab instead; and RSA strategies have no Risk step at all.

Note

The Trailing-stop behavior panel does not appear until the field has a distance in it. Set the distance first and the panel shows up beneath.

The trailing distance

The distance is the core setting: how far the stop sits behind the peak. It is the one number the panel does not own — open Trailing-stop behavior and Distance from high shows it read-only, pointing back at the Trailing stop box. On its own, with no mode picked, this gives you a plain trailing stop, which the panel labels Standard.

Behavior modes

Expand the Trailing-stop behavior panel to pick a mode. The Mode control is single-choice — one mode is active at a time. Left at Standard, the trail just follows price at your set distance with no extra rule.

Arm at profit

Waits until the trade is up by a chosen amount before the stop begins tracking. Until then the trail stays off, which keeps normal noise near your entry from stopping you out early. Set the point in Arm when up, which takes a percent or a dollar amount.

Use this in a trending market where you want to give the trade room to get going before the stop arms.

Breakeven flip

Raises the stop to your entry price once the trade is up by a chosen amount. After that point the trade can no longer turn into a loss. Set the point in Trigger when up, as a percent.

Use this in volatile markets, or any time you want to be sure a winner does not turn into a loser.

Replace take profit

Only the trailing stop exits the trade. The fixed profit target arms the trail instead of closing the position, so the trail fully manages the exit. This mode only appears when the strategy has a take profit set.

Use this in a strong trend when you want to let the trail run as far as it can instead of capping the exit at a fixed target.

Heads up

With Replace take profit on, the fixed take-profit target is ignored and only the trailing stop closes the trade. That can capture more in a strong trend, but in choppy or reversing markets you may give back more than a fixed take profit would have kept.

Partial TP

Sells part of the position on the way up and leaves the remainder trailing. Set the share in Trim portion, as a percent of the position.

Use this when you want to bank something on the move without giving up the rest of the run.

Changes save with the rest of the strategy — there is no separate confirm step.

Comparing the modes

Mode	What it does
Standard	Stop follows price up at your set distance, with no extra rule.
Arm at profit	Holds the trail off until the trade is up by your trigger, then tracks.
Breakeven flip	Jumps the stop to your entry price once up by your trigger, so it can no longer lose.
Replace take profit	Drops the fixed target so only the trail exits the trade.
Partial TP	Closes part of the position at a target while the rest keeps trailing.

Good habits

Match the distance to how much the asset normally moves, so normal swings do not stop you out early.
Pair the trailing stop with the rest of your strategy’s rules rather than relying on it alone.
Revisit the distance as conditions change, since a distance that fits a calm market may be too tight in a fast one.