How it places orders
- Set from an open position and sized to the full position. Hyperdash infrastructure monitors the market, so nothing rests on the public book while the stop is active.
- Hyperdash tracks the peak price, the highest reached for longs or lowest for shorts, and recalculates the stop on every new favorable extreme: peak minus the retracement for longs, peak plus it for shorts. It only tightens, never loosens.
- When price reverses to the stop price, the exit is sent as Market, or Chase, a limit order pinned to the top of the book that updates until filled.
- One trailing stop per position: confirming new settings replaces it, and you can remove it at any time.
When to use it
- Lock in profits on a winner without picking an exit price in advance.
- Ride a trend: the stop follows price and never gives ground back.
- Replace manual stop management: no more editing a fixed stop after every leg higher.
Parameters
Example
You are long 500 HYPE at a mark price of $45.00 and set a 5% retracement, so the initial stop is $42.75. HYPE rallies to $50.00 and the stop follows up to $47.50. Price then reverses to $47.50, the stop triggers, and a market order closes the position.The stop moves only on new favorable extremes. In sideways chop it stays put, and a sharp wick that reaches it closes the position even if price recovers immediately after.