The recent launch of trailing stop orders by OkCoin makes them the first Chinese Bitcoin exchange to offer this tool for traders on their trading platform. Although there hasn’t been a formal announcement by OkCoin about this feature, a look at their international website confirms this new development.

What is a trail order?

A stop order that can be set at a defined percentage away from a security’s current market price. If a trader takes a long position, a trailing stop would be set below the current average market price. On the other hand, if a trader takes a short position, a trailing stop would be set above the current price. By allowing the trader to set the defined percentage, trailing stop enable the trade to remain open  and profitable for as long as the market is moving in the right direction. A t

Criticism

During the year 2013, 80% of Bitcoin trading volume took place on Mt. Gox. Ever since the downfall of Mt. Gox in Feb 2014, several Chinese exchanges sprouted to take over the lead in market share. Thanks to the Chinese, Bitcoin is now slowly ushering into the era of high frequency trading. Despite the heavy criticism around this practice, majority of Chinese exchanges are aware about and actively participating in it. Their zero fee trading model have caught the attention of market makers from around the world. But, this is not viewed in positive light by the

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