Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the launch of the new 'Equity Trailing Stop' tool to enhance risk management and profit protection.
The New Risk Management Tool
Equity Trailing Stop is an intelligent tool designed to automate exit strategies and minimize trading risks. It is available for Copy Trading Classic and is compatible with Spot Grid, Futures Grid, and Futures Combo bots.
Key Benefits of Equity Trailing Stop
* Automated Risk Management: It automatically adjusts exit points based on real-time market conditions. * Seamless Integration: Easily integrates with Copy Trading and Trading Bots on Bybit’s platform. * 24/7 Monitoring: Allows traders to set precise take-profit and stop-loss parameters to protect their gains.
How the Feature Works
To activate the feature, traders can set an Equity Trailing Stop percentage from 5% to 99% when configuring Copy Trading parameters or creating a bot. This feature continuously monitors positions and automatically closes active positions to manage risk exposure.
Bybit's new Equity Trailing Stop tool enhances protection against market risks and helps traders manage their investments more effectively.
