How Trailing Stop Loss works

Trailing Stop Loss "follows" the price of a coin. For example:

1. You buy 1 ETH for $100 and set Stop Loss of -10%, at $90;
2. You check the "Trailing" box;
   
3. We will not deal with the Price follow method in this case and leave it as default choice "Bid", but you can see the available choices here;
4. ETH trades at around $100 for a while, but then begins to rise. In this case, the approximate action of Trailing Stop Loss will be as follows:
   

   No.	ETH price per 1 unit	Trailing Stop Loss value
   1.	$100	$90
   2.	$102 (rise)	$91.80
   3.	$105 (rise)	$94.50
   4.	$101 (correction)	$94.50
   5.	$105 (rise)	$94.50
   6.	$108 (rise)	$97.20
   7.	$112 (rise)	$100.80
   8.	$108 (correction)	$100.80

For clarity on how TSL works, see this visual example: Thus, the higher the coin price deviates from the initial price, the higher the Trailing Stop Loss will rise. When the price falls, Trailing Stop Loss will not change.