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Trailing order

Algorithmic order provided by the Binance exchange and available only on Futures.
ATTENTION! To buy, you need to place an order BELOW the current price, and to sell - ABOVE

Algorithm

After the trigger price is reached, trend tracking is activated and the trigger price of a real order will be repositioned following the trend at the distance specified in the Callback rate. If, during a rollback from the maximum point, the price exceeded the distance more than that specified in the Callback rate, then the order will be executed according to the Market.