A trailing stop order is the exchange-side implementation of a trailing stop: the trigger price tracks the most favorable price seen since the order was placed, by a configured distance (absolute or percent). The trigger only moves in your favor — never against.
Exchanges typically expose the trail distance two ways: a callback rate (e.g. 1.5%) or a fixed offset (e.g. 200 USDT). Once triggered, the order behaves like a stop market — it fires immediately and can suffer slippage.
Not every exchange offers true server-side trailing stops, and behavior on connection loss varies. For mission-critical exits, many systematic traders implement trailing logic client-side and submit fresh stop orders on each ratchet.
How Noon Barbari uses Trailing stop order
Every concept here is implemented in the platform. Open the relevant docs or tool to see it in action.
Order types in the designer →Related terms
- Risk
Trailing stop
A stop that ratchets in the trade's favor and never moves against it.
- Order types
Stop order
An order that converts to a market order once a trigger price is reached.
- Risk
Stop loss
A pre-committed exit level that caps the maximum loss on a trade.
- Risk
Take profit
A pre-committed exit at a target price that locks in a winning trade.