Ladder Smart Order

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What is a Ladder Smart Order?

Ladder Smart Order

Ladder smart orders are a type of smart orders that allow traders to open several trades in the form of ladders at once, as well as set ladder Take Profits and Stop Losses for them.

Ladder smart orders are an advanced way of placing orders. This type of order is available on both spot and futures exchanges.

Ladder orders can be placed by opening a limit, market, or stop-limit order.

Possibilities of ladder smart orders in the Cryptorobotics terminal

Creating parameters of ladder smart orders:

  • Smart ladder order to buy a coin with entry price averaging
  • Goals in the form of a ladder for selling coins with partial closure on each goal.
  • Goals in the form of a ladder for sale with the “target trailing” function (swap the Stop Loss level when the goals are reached)
  • Trailing the last target at a given level.
  • Standard Stop Loss or Candle Closing.
  • Trailing Stop Loss.
  • Move the Stop Loss level to breakeven when the specified parameter is reached
  • In case of a change in the average entry price, you can set the calculation method for Take Profit and Stop Loss
  • Setting the conditions of the sale, which determines the order of purchases and sales in the presence of ladders.

Editing parameters of ladder smart orders:

  • Monitor trade execution, average entry price, and current income.
  • Adding buy orders or canceling outstanding orders.
  • The ability to add targets for sale or delete/edit unfulfilled targets.
  • Enable or disable such take profit parameters in the settings as a trailing ladder, and trailing distance.
  • Enable/disable Stop loss parameters: trailing, breakeven.
  • Editing the Trailing Stop Loss level.
  • Changing the Stop Loss type: Standard, Candle closing.
  • Possibility to cancel outstanding orders and sell all purchased volume using the Close all by market function.
  • Cancellation of all outstanding orders is carried out using the Cancel function.
  • Changing the Calculation method parameter (there are restrictions, not always available).
  • Changing the sales condition setting (there are restrictions, not always available).

Advantages of ladder smart orders

  • Management of risks
  • Ability to open short and long positions
  • User-friendly interface
  • An order can be opened on both futures and spot crypto exchanges
  • Opportunity to earn high profits

How to start using ladder smart orders in the Cryptorobotics trading terminal?

Crypto trading platform

  • Complete the registration process.
  • Select the Trade tab.

Ladder smart orders

  • Select a trading pair.

grid trading strategy

  • Select order type.
  • Set the entry price and the number of digital assets for the first order.

Ladder smart order

  • Click on the +Add order button and repeat the previous step (as many times as you want to divide your buy for).

Grid strategy

  • Specify leverage (if it is a futures exchange).

ladder smart order

  • Set up Take Profit.
  • Click on the +Add target button and repeat the previous step (as many times as you want to divide your sell for).

Crypto trading platform

  • Customize two additional parameters – trailing targets and trailing distance (optionally).

Take profit

  • Select TP Calculation Method – Price or TP%.

Ladder smart order

  • Set the Stop Loss level.

Ladder smart orders

  • Choose one of two Stop Loss modes.

Stop loss

  • Set the Trailing parameter and Transfer to breakeven (optionally).
  • Select the SL Calculation Method option.

Ladder smart order

  • Select the Closing Conditions option.

Crypto trading platform

  • Set the Cancel smart order if the price is at the SL or TP level before the order is opened (optionally).

Ladder smart order

  • Press the Buy/Long or Buy/Short button.

Ladder smart order

You can get more information about ladder smart orders here.

READ MORE: Staking: what is it and how does it work?

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