Smart ladder orders appeared in Cryptorobotics, with the help of which traders can simultaneously open and close trades at several prices at once, and set up Take Profit and Stop Loss. Let’s take a closer look at this type of smart order.
Ladder smart orders are a crypto trading tool that allows traders to implement grid trading. This order type provides traders to enter trades on the principles of a ladder. The transaction will be made depending on the price level, and the frequency of execution of such orders depends on the number of orders specified in the parameters.
This type of order allows you to set additional buy/sell limit orders in the order book. And instead of buying or selling a coin at a single price, a trader buys a coin when the price falls and sells it when the price rises. This is done to enter a trade at the average (more profitable) value of the asset, then exiting it in parts (by customizing several Take Profits).
Ladder smart orders can be placed on both spot and futures exchanges by opening limit, market, and stop-limit orders.
Ladder smart orders provide traders with a huge number of opportunities during crypto trading on the platform.
To start using smart ladder orders, you need to follow these steps:
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