Hello Ente,

So, no the price of a trailing stop sell order will never go down. It is updated with each tick: if the tick is higher than the previous, the trailing stop price is updated higher. If the tick is lower, the trailing stop price stays the same. Until the order is eventually triggered like a normal stop order.

For your last question, I would say the best thing to do is to set the price distance high enough to avoid small dip. Of course, it make the losses higher, but avoid you false dip. It is a balance that you have to find depending on what you are comfortable with.

On other news, you can see that recently we broke our record of lent dollars, and the rate is very high. Don't miss this opportunity, traders need your dollars!

have a nice day all
Raphael
Bitfinex team