What exchanges offer trail orders?

Trail orders are extremely useful, much more so than simple stop loss orders. Are there any exchanges that offer trail orders?

Using a trail order, the stop price would track the market price as long as it goes in the same direction, but not if the market price moves in the opposite direction. For example, say BTC is bid 250 USD and I place a trail stop (sell) order for 10 USD below the bid price. Here's what happens if BTC moves:

start => my trail order will have a stop of 240
BTC bid 260 => my trail order will have a stop of 250 now
BTC bid 265 => stop 255
BTC bid back to 262 => stop 255 stays in place
BTC bid 268 => stop 258
BTC bid 263 => stop stays 258
BTC bid tunnels down to 255 => market SELL order triggered as soon as the bid went <=258

As of June 2013, Tradehill does not offer stop orders.

exchanges

cryptal

Posted 2013-04-10T11:56:19.127

Reputation: 99

possible duplicate of Which exchanges offer stop-loss functionality?

– Stephen Gornick – 2013-04-10T14:50:02.323

3@StephenGornick nope, he clearly said it's not the same thing. – o0'. – 2013-04-10T16:32:26.447

Answers

This answer needs an update. As of 2017, the following exchanges support trailing stop orders:

Kraken - fees up to 0.16% - 0.26%
Bitfinex - fess up to 0.10% - 0.20%
Bitstamp - fees up to 0.25%

However, there's an important warning to be heeded: by placing trailing stop orders with any exchange, you expose yourself to very short-lived price spikes that are not reflected anywhere else. Here is a screenshot from Kraken where the three red dots represent trades triggered by the price falling by 25% for a minute, only to shoot back up immediately afterwards. The trailing stop didn't offer any protection here; on the contrary, it caused a loss.

Dan Dascalescu

Posted 2013-04-10T11:56:19.127

Reputation: 148

This is simple to achieve with an API (offered by most exchanges) and a bot. It is not foolproof as rapid price movements may escape it, but it is probably good enough. However, I do not know of such bot.

Nakedible

Posted 2013-04-10T11:56:19.127

Reputation: 117

Bitstamp now do offer trailing stop orders and okcoin offer trailing orders on BTC futures, they don't seem to offer trailing on spot orders. 14th January 2015

Paul Williams

Posted 2013-04-10T11:56:19.127

Reputation: 131

Currently none for virtual currencies. You may want to contact each exchange you are comfortable with and ask them if/when they intend to install that. I have done similar with some FOREX programs ( using the pretend cash ) with success and have yet to see more than just straight buy/sell at this point. The virtual currency exchanges are still in their infancy and could use some prodding to get up to speed with the tools that FOREX traders currently have available.

nybbler905

Posted 2013-04-10T11:56:19.127

Reputation: 161