What is a trailing stop, exactly?
It's a stop that follows your trade in the profitable direction. As the price rises (or falls, on a short), the stop moves with it, staying a set distance behind. When the price turns and reaches the stop, your position closes — so you lock in the move instead of giving it all back.
How is it different from a take profit or a normal stop loss?
A take profit sells at one fixed price, so it caps your upside — if the move keeps running, you miss it. A normal stop loss sits still and only guards your downside. A trailing stop does both: it protects you and keeps raising the floor as the trade goes your way, so you ride the trend without watching it.
When does the trailing stop start following the price?
Only once your trade is in profit by the amount you choose. Below that it sits still — it never trails you into a bigger loss. As soon as the trade clears your activation level, the stop starts ratcheting up behind the price.
Can I choose how tightly it follows?
Yes. The default is 1% behind the price. Tighter locks in closer to the peak but can get shaken out by normal wobble; wider gives the trade more room to breathe before it closes. You can change the distance any time.
Which price does it track — last trade or mark?
Hyperliquid's Mark price, not the last trade. Mark is much harder to move with a single wick or a thin-liquidity print, so a random spike won't knock you out of a good trade.
What happens if highwater's server goes down?
Your protection stays put. The stop is a real reduce-only order resting natively on Hyperliquid — not something our server simulates. If highwater goes offline, the stop still triggers on the exchange. When we come back up, we read your positions and open stops from Hyperliquid and resume trailing.
Can highwater touch my money?
No. highwater acts through a Hyperliquid agent wallet that can only place, move and cancel reduce-only stops on your positions. It can't withdraw, and it can't send funds to another wallet — Hyperliquid won't allow it. Your own wallet key never leaves your browser.
