> For the complete documentation index, see [llms.txt](https://docs.finandy.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.finandy.com/trading/create-order-grid/order-types/trailing-order.md).

# Trailing order

A Futures-specific algorithmic order offered by Binance.

<figure><img src="/files/7bhyEF0MqOuVTX8vJF3g" alt="" width="323"><figcaption></figcaption></figure>

{% hint style="warning" %}
WARNING!\
When <mark style="color:green;">**buying**</mark>, you must place an order **BELOW** the current market price, and when <mark style="color:red;">**selling**</mark>, you must place an order **ABOVE** the current market price.
{% endhint %}

## Trailing order algorithm

Once the trigger price is reached, the order will follow the market trend at a deviation distance (Callback Rate) that has been set.

If the price during a pullback from the maximum point (extreme) exceeds the distance set in "Callback Rate", the order will be executed as a Market order.

<figure><img src="/files/NQHxc0IsCHE9te2NOdGe" alt="" width="563"><figcaption></figcaption></figure>

1. Currency pair price movement
2. Callback rate
3. Trailing activation
4. Stop loss points
5. Trailing order price movement
6. Closing position at market price

**Do you have any questions? We can help you in our Telegram chat.**

{% embed url="<https://t.me/finandy>" %}