Trailing stop loss bot

There isn’t any automated trailing Stop-Loss in Binance’s spot trading platform . So what we need to do is to configure the trailing manually and update it as the price goes up, and this guide will tell you exactly how. Locate the open orders on your PC from Orders -> Spot Order -> Open Orders.

Here’s how it works. When the price increases, it drags the trailing stop along with it. Then when the price finally stops rising, the new stop-loss price remains at the level it was dragged to, thus automatically protecting an investor’s downside, while locking in profits as the price reaches new highs.