> ## Documentation Index
> Fetch the complete documentation index at: https://docs.hyperdash.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Trailing Stop

> Protect open profits with a stop that automatically follows price at your chosen distance.

A Trailing Stop follows the market as it moves in your favor. You set a retracement, a percentage or a fixed USD distance, and the stop triggers if price reverses by that amount from the best price your position has reached. It lets winners run while locking in profit automatically.

## 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

| Parameter        | Description and options                                                                | Default       |
| ---------------- | -------------------------------------------------------------------------------------- | ------------- |
| Retracement mode | **By Percent** (percentage of price, under 100) or **By Distance** (fixed USD amount). | By Distance   |
| Retracement      | The trail value in % or USD. The modal previews the projected stop price.              | None          |
| Order type       | How the exit executes: **Market** or **Chase**.                                        | Market        |
| Size             | Covers your full position.                                                             | Full position |

## 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.

<Note>
  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.
</Note>