Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of Equity Trailing Stop, a sophisticated new tool designed to provide traders with enhanced control over risk management and profit protection.
This innovative feature empowers users to automate their exit strategies, enabling more disciplined trading and mitigating the potential pitfalls of emotional decision-making.
The Equity Trailing Stop feature is readily available for Copy Trading Classic and seamlessly integrates with Spot Grid, Futures Grid, and Futures Combo bots.
This versatility makes it a valuable addition to any trader’s toolkit on Bybit’s comprehensive, one-stop trading platform.
In Copy Trading Classic, Bybit’s Equity Trailing Stop automatically adjusts exit points based on real-time equity fluctuations, providing a robust defense against potential losses while simultaneously locking in profits with ease.
For Trading Bots, the feature recalibrates exit points to secure earnings, offering customizable trailing parameters that can be tailored to align with a variety of trading strategies.
Key benefits: a comprehensive approach to risk control
The Equity Trailing Stop offers a multitude of advantages, including:
Automated risk management: Once configured, the feature intelligently adjusts exit points based on real-time market conditions, freeing traders from the burden of constant monitoring in the ever-active 24/7 cryptocurrency markets.
Seamless integration: The Equity Trailing Stop tool can be easily incorporated into Copy Trading and Trading Bots on Bybit, enhancing overall trading efficiency and risk management practices.
24/7 trading vigilance: With its high-precision execution capabilities, traders can closely monitor even the most rapid price fluctuations. The tool facilitates the establishment of precise take-profit and stop-loss parameters, such as retracement rates, to safeguard gains and streamline risk control protocols.
Enhanced control over profits and losses: The feature allows traders to optimize profit-taking and loss minimization by timing their exits at opportune moments. This effectively mitigates retracement risks while maximizing the potential for long-term portfolio growth.
Empowering traders: a commitment to innovation
“The Equity Trailing Stop is a diligent and powerful co-pilot for traders who use automation and algorithm trading as part of their strategies. The new tool simplifies risk management, allowing Bybit users to stay disciplined and focused on their trading goals. This addition to our trading suite is part of our commitment to providing innovative solutions that enhance the trading experience,” said Joan Han, Sales and Marketing Director of Bybit.
To activate the Equity Trailing Stop feature, traders can set an Equity Trailing Stop percentage, ranging from 5% to 99%, when configuring Copy Trading parameters or creating a bot.
This protective mechanism monitors positions and, once triggered, automatically closes any active Copy Trading positions or terminates running bots to help manage risk exposure.
The Equity Trailing Stop operates by continuously updating and calculating exit equity based on the highest recorded equity in an account.
The Equity Trailing Stop ensures the ability to capitalize on market movements while protecting investments.
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