Conditions for TRAILING STOP MARKET

API Futures API
1

Hello

Can you help with this concept ?
It is at API NEW ORDER TRADE and order type TRAILING STOP :

Lowest price ( where get this )
Highest price
Rebound rate ( how get this ?)

API DOC :

“ To activate a trailing stop order, 2 conditions need to be fulfilled.

A buy trailing stop order will be placed if the following conditions are met:

  • Activation Price ≥ Lowest Price
  • Rebound Rate ≥ Callback Rate

A sell trailing stop order will be placed if the following conditions are met:

  • Activation Price ≤ Highest Price
  • Rebound Rate ≥ Callback Rate
2

Which documentation are you referring to? I can’t find the definition anywhere. This is the definition of TRAILING_STOP_MARKET from the futures documentation. The lowest/highest price can be retrieved from the kline endpoint.

TRAILING_STOP_MARKET:
BUY: the lowest price after order placed <= activationPrice, and the latest price >= the lowest price * (1 + callbackRate)
SELL: the highest price after order placed >= activationPrice, and the latest price <= the highest price * (1 - callbackRate)
For TRAILING_STOP_MARKET, if you got such error code.
{"code": -2021, "msg": "Order would immediately trigger."}
means that the parameters you send do not meet the following requirements:

BUY: activationPrice should be smaller than latest price.
SELL: activationPrice should be larger than latest price.
3

Hi , As ACTIVATION PRICE is optional at NEW ORDER API, if I don’t determine the AP , WHEN the order will be triggered ? Wich Will be the rules / conditions for this situation ?

Tks