A trailing is a stop order that can be set at a defined percentage away from the current market price. For a long position, a trader places a trailing below the current market price. For a short position, a trader places the trailing above the current market price.
Trailing can be very beneficial to decrease your buy prices and achieve more profit from your trades, and is especially valuable in the case of coin dumps, when the price dramatically changes very quickly.
However, please keep in mind that trailing will not always result in purchasing or selling the coins in a better price than the target price.
For example, if the price reaches the entry price and then immediately increases, the final buy price can be higher than the original entry price.
The Cornix trading bot offers advanced trading functionalities like trailing entry, trailing take-profit and trailing stop designed to help you get more profit from your trades and lock-in profits.
You can read more about it here: Configuration > Traling