> 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.
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WARNING!\
When **buying**, you must place an order **BELOW** the current market price, and when **selling**, 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.
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.**
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