How to Set a Ladder Order
The trading widget of Altrady lets you set ladder buy and sell orders from your Altrady platform without having to go to your exchange terminal.
Ladder orders allow traders to set buy and sell orders in increments. This type of order allows traders to implement a laddering strategy whereby they move in and out of positions in small amounts instead of doing it one-time.
In this documentation, you will understand how to:
Set a ladder buy order
Set a ladder sell order
Let’s begin.
Step -1: To set a ladder buy order, simply enter the amount of cryptocurrency you want to spend into the Position size field.
Users can also enter the amount of cryptocurrency they want to spend by clicking on the Percentage icon above the spend field and selecting the desired percentage from the drop-down.
Step - 2: Enter the start price into the Start price field.
Users can also enter the start price by clicking on the Currency symbol above the start price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the start price field depending on the latest bid/ask/last price.
Users can also enter the start price by clicking on the Crosshair icon in the start price field and selecting the desired price on the chart.
Step -3: Enter the end price into the End price field.
Users can also enter the end price by clicking on the Currency symbol above the end price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the end price field depending on the latest bid/ask/last price.
Users can also enter the end price by clicking on the Crosshair icon in the end price field and selecting the desired price on the chart.
Users can also directly set/enter the amount of cryptocurrency they want to purchase by simply entering the amount in the Buy text field. Based on this input, Altrady would automatically determine the corresponding buy price to achieve the target buying amount.
Step -4: Select the number of orders you want in the #Orders field.
Step -5: Select the price scale. The following options are available:
Linear
Exponential
Fibonacci
If the user selects Linear price scale, their orders would look like this on the chart.
If the user selects Exponential price scale, their orders would look like this on the chart.
If the user selects Fibonacci price scale, their orders would look like this on the chart.
Step -6: Select the size scale. The following options are available:
Equal
Linear
Linear reverse
Exponential
Exponential reverse
If the user selects Equal size scale, their orders would look like this on the chart.
If the user selects Linear size scale, their orders would look like this on the chart.
If the user selects Linear reverse size scale, their orders would look like this on the chart.
If the user selects Exponential size scale, their orders would look like this on the chart.
If the user selects Exponential reverse size scale, their orders would look like this on the chart.
Users can click on the Reset form button if they want to clear the fields.
Step -7: Click on the Place order button to proceed.
Step -8: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
When the Auto-confirm orders option in the trading widget is checked, orders are created as soon as the Place order button is clicked. Corresponding error messages are shown when creating an order is failed- Insufficient funds, quantity too low, etc.
When the Auto-confirm orders in the trading widget is unchecked, Confirm the order dialog would be displayed when you click on the Place order button. Users would have to click on the Confirm button to complete the order.
Step -1: To set a ladder sell order, simply enter the amount of cryptocurrency you want to sell into the Sell field.
Users can also enter the amount of cryptocurrency they want to sell by clicking on the Percentage icon above the sell field and selecting the desired percentage from the drop-down.
Step -2: Enter the start price into the Start price field.
Users can also enter the start price by clicking on the Currency symbol above the start price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the start price field depending on the latest bid/ask/last price.
Users can also enter the start price by clicking on the Crosshair icon in the start price field and selecting the desired price on the chart.
Step -3: Enter the end price into the End price field.
Users can also enter the end price by clicking on the Currency symbol above the end price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the end price field depending on the latest bid/ask/last price.
Users can also enter the end price by clicking on the Crosshair icon in the end price field and selecting the desired price on the chart.
In the Receive field, users can enter the amount they want to receive by selling the cryptocurrency. Based on this input, Altrady would automatically determine the corresponding sell price to achieve the target selling amount.
Step -4: Select the number of orders you want in the #Orders field.
Step -5: Select the price scale. The following options are available:
Linear
Exponential
Fibonacci
If the user selects Linear price scale, their orders would look like this on the chart.
If the user selects Exponential price scale, their orders would look like this on the chart.
If the user selects Fibonacci price scale, their orders would look like this on the chart.
Step -6: Select the size scale. The following options are available:
Equal
Linear
Linear Reverse
Exponential
Exponential Reverse
If the user selects Equal size scale, their orders would look like this on the chart.
If the user selects Linear size scale, their orders would look like this on the chart.
If the user selects Linear reverse size scale, their orders would look like this on the chart.
If the user selects Exponential size scale, their orders would look like this on the chart.
If the user selects Exponential reverse size scale, their orders would look like this on the chart.
Step -7: Click on the Place order button.
Step -8: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
If you still have any doubts, please feel free to chat with our customer support service.
Ladder orders allow traders to set buy and sell orders in increments. This type of order allows traders to implement a laddering strategy whereby they move in and out of positions in small amounts instead of doing it one-time.
In this documentation, you will understand how to:
Set a ladder buy order
Set a ladder sell order
Let’s begin.
How to Set a Ladder Buy Order
Step -1: To set a ladder buy order, simply enter the amount of cryptocurrency you want to spend into the Position size field.
Users can also enter the amount of cryptocurrency they want to spend by clicking on the Percentage icon above the spend field and selecting the desired percentage from the drop-down.
Step - 2: Enter the start price into the Start price field.
Users can also enter the start price by clicking on the Currency symbol above the start price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the start price field depending on the latest bid/ask/last price.
Users can also enter the start price by clicking on the Crosshair icon in the start price field and selecting the desired price on the chart.
Step -3: Enter the end price into the End price field.
Users can also enter the end price by clicking on the Currency symbol above the end price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the end price field depending on the latest bid/ask/last price.
Users can also enter the end price by clicking on the Crosshair icon in the end price field and selecting the desired price on the chart.
Users can also directly set/enter the amount of cryptocurrency they want to purchase by simply entering the amount in the Buy text field. Based on this input, Altrady would automatically determine the corresponding buy price to achieve the target buying amount.
Step -4: Select the number of orders you want in the #Orders field.
Step -5: Select the price scale. The following options are available:
Linear
Exponential
Fibonacci
If the user selects Linear price scale, their orders would look like this on the chart.
If the user selects Exponential price scale, their orders would look like this on the chart.
If the user selects Fibonacci price scale, their orders would look like this on the chart.
Step -6: Select the size scale. The following options are available:
Equal
Linear
Linear reverse
Exponential
Exponential reverse
If the user selects Equal size scale, their orders would look like this on the chart.
If the user selects Linear size scale, their orders would look like this on the chart.
If the user selects Linear reverse size scale, their orders would look like this on the chart.
If the user selects Exponential size scale, their orders would look like this on the chart.
If the user selects Exponential reverse size scale, their orders would look like this on the chart.
Users can click on the Reset form button if they want to clear the fields.
Step -7: Click on the Place order button to proceed.
Step -8: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
When the Auto-confirm orders option in the trading widget is checked, orders are created as soon as the Place order button is clicked. Corresponding error messages are shown when creating an order is failed- Insufficient funds, quantity too low, etc.
When the Auto-confirm orders in the trading widget is unchecked, Confirm the order dialog would be displayed when you click on the Place order button. Users would have to click on the Confirm button to complete the order.
How to Set a Ladder Sell Order
Step -1: To set a ladder sell order, simply enter the amount of cryptocurrency you want to sell into the Sell field.
Users can also enter the amount of cryptocurrency they want to sell by clicking on the Percentage icon above the sell field and selecting the desired percentage from the drop-down.
Step -2: Enter the start price into the Start price field.
Users can also enter the start price by clicking on the Currency symbol above the start price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the start price field depending on the latest bid/ask/last price.
Users can also enter the start price by clicking on the Crosshair icon in the start price field and selecting the desired price on the chart.
Step -3: Enter the end price into the End price field.
Users can also enter the end price by clicking on the Currency symbol above the end price field and selecting the Bid, Ask or Last option from the drop-down. This automatically populates the end price field depending on the latest bid/ask/last price.
Users can also enter the end price by clicking on the Crosshair icon in the end price field and selecting the desired price on the chart.
In the Receive field, users can enter the amount they want to receive by selling the cryptocurrency. Based on this input, Altrady would automatically determine the corresponding sell price to achieve the target selling amount.
Step -4: Select the number of orders you want in the #Orders field.
Step -5: Select the price scale. The following options are available:
Linear
Exponential
Fibonacci
If the user selects Linear price scale, their orders would look like this on the chart.
If the user selects Exponential price scale, their orders would look like this on the chart.
If the user selects Fibonacci price scale, their orders would look like this on the chart.
Step -6: Select the size scale. The following options are available:
Equal
Linear
Linear Reverse
Exponential
Exponential Reverse
If the user selects Equal size scale, their orders would look like this on the chart.
If the user selects Linear size scale, their orders would look like this on the chart.
If the user selects Linear reverse size scale, their orders would look like this on the chart.
If the user selects Exponential size scale, their orders would look like this on the chart.
If the user selects Exponential reverse size scale, their orders would look like this on the chart.
Step -7: Click on the Place order button.
Step -8: Once you click on the place order button, Confirm the order dialog will pop up. Click Confirm to complete the order.
If you still have any doubts, please feel free to chat with our customer support service.
Updated on: 20/06/2024
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