New Order Type "Trailing Stop Loss" for futures/perpetual
Offer Trailing Stop Loss as new order type for futures/perpetual trading.
Rule: sell if price distance to latest high is greater than x percent.
Motivation: limit losses while at the same profit is not limited.
There already is the take profit option (i.e. 100%), but why limit your profit when you could have more?
Off-Chain Vote
YES, Trailing Stop Loss order is a great improvement I'd love to use
150.25K CAKEVOTE99.4%
NO, current order types (static take profit and static stop loss) are sufficient
903.56 CAKEVOTE0.6%
Timeline
Jun 03, 2023Proposal created
Jun 03, 2023Proposal vote started
Jun 25, 2023Proposal vote ended
Oct 26, 2023Proposal updated