Trading Widget: Simple Mode
Introduction
Simple Mode in the Trading Widget is designed for traders that want a straightforward and efficient way to place orders without interacting with any additional trading features. By presenting only the essential controls, Simple Mode reduces complexity and helps users execute trades quickly and confidently.
It is the default Trading Widget for users who selected Beginner or Intermediate during onboarding. The current mode can be confirmed by clicking the cog icon (top right of the Trading Widget) — if Widget Mode shows Simple, this article applies. For the full feature set, including advanced order types, multiple take profit targets, trailing stops, and more, see Trading Widget: Advanced Mode.
This article explains what Simple Mode is, details which features are unavailable when it is enabled, and provides step-by-step guidance on how to activate or disable Simple Mode within the Trading Widget.
Contents
What is Simple Mode in the Trading Widget
Activating Simple Mode within the Trading Widget
Placing an Order via the Simple Trading Widget
What is Simple Mode in the Trading Widget
Simple Mode is a simpler version of the Trading widget, that doesn't include advanced features that are present in the Advanced mode of the Trading widget. This allows traders that do not need to make use of any advanced features, to place orders with ease.
The following features are unavailable in Simple Mode:
- Advanced Take Profit controls (i.e. Ladder Type, Fixed Price/Entry Price % Target Price type, Profit Volume, Cancel Open Orders When TP Hit, Trailing Take Profit, Add Target).
- Advanced Stop Loss controls (i.e. Stop Loss type, Stop Loss Protection options, Stop Loss Cooldown, Risk Calculator).
- Time in Force controls (i.e. GTC, FOK, IOC).
- Expirations (i.e. Start Position At, Expire Position At, Time-Based Auto Close).
Activating/Deactivating Simple Mode within the Trading Widget
- The Simple Mode will be enabled by default, and can be switched to Advanced by selecting it in the prompt.
- Clicking on "Try Advanced" will provide the selection between going back to Simple or keeping Advanced (selecting Keep will remove the prompt)
- In order to enable Simple mode from Settings: From the top-right section of the Trading widget, click on the cog icon.
- The Trading widget's settings menu will be displayed on-screen. Click on Simple in the Widget mode selection.
- The Trading widget will now be displayed in Simple Mode as shown below.
- Post only toggle: Select Yes to ensure that a Limit order doesn't immediately fill if placed above current price, which will ensure paying a Maker fee. Otherwise, select No.
Placing an Order via the Simple Trading Widget
Standalone
Standalone orders, are orders that are placed without a Take Profit or Stop Loss.
- Once activated, choose the desired side (i.e. Buy/Sell) for the order being placed. Two examples are shown below, one with the Buy side selected and another with the Sell side selected.
- After selecting the desired side for the order, choose the desired order type. A brief explanation is of each is available below, alongside a link to each respective order type's article, where they are explained in further detail.
A) Market: choose this order type to place an order that is immediately filled against the best available prices in the order book — refer to this article to learn more. For Stop Market orders, refer to this article.
B) Limit: choose this order type to specify a price at which the order is to be placed at — refer to this article to learn more.
C) Stop Limit: choose this order type to specify a Stop Price and a Limit Price for an order — refer to this article to learn more.
- Depending on the order type selected, there will be different parameters to specify. Below, images are shown of each order type, along with their parameters.
A) Market
- Order Type: Choose between a standard Market order or a Stop Market order. This section will showcase a Market order.
- Size: Choose whether the order's size should be specified in base or in quote currency.
- Total: Enter the size for the order being placed. The percentage presets can be used to quickly populate this field with a number that is based on a percentage of the account.
B) Stop Market
- Order Type: Choose between a standard Market order or a Stop Market order. This section will showcase a Stop Market order.
- Size: Choose whether the order's size should be specified in base or in quote currency.
- Total: Enter the size for the order being placed. The percentage presets can be used to quickly populate this field with a number that is based on a percentage of the account.
C) Limit
- Price: Enter an order price manually, or use the eyedropper in combination with the chart, to set a price.
- Amount: If desired, specify the order amount in base currency, within this field.
- Total: If deciding to specify the order in quote currency, specify it within this field. The percentage presets can be used to quickly populate this field with a number that is based on a percentage of the account.
D) Stop Limit
- Stop Price: Enter a Stop price manually, or by using the eyedropper in combination with the chart.
- Price: enter a Price manually, at which a Limit order will be placed once the Stop price is reached, or by using the eyedropper in combination with the chart
- Amount: if desired, specify the order amount in base currency, within this field.
- Total: If deciding to specify the order in quote currency, specify it within this field. The percentage presets can be used to quickly populate this field with a number that is based on a percentage of the account.
- Click Place Order from the bottom of the Trading widget to place a standalone order.
Smart Order
Once a Take Profit and/or Stop Loss is added to a standalone order, the order automatically becomes a Smart Order. Placing a Smart Order will create a Smart Position; these positions are marked by a lightning bolt icon when viewed in the Trading Terminal (e.g. the My Positions widget).
- Once a standalone order has been set up as shown in the previous section above, click on Take Profit/Stop Loss as shown below, to open this
- A new section will appear whereby Take Profit/Stop Loss orders can be set up. Take Profit order parameters are explained below.
A) Price Field: manually enter a Take Profit price within this field.
B) Percentage Field: enter a percentage in this field, to determine how far from the entry order the Take Profit order will be placed.
C) Remove Take Profit Button: clicking this button will remove the Take Profit order from the order.
D) Estimated Profit and Loss (Est. PnL): an estimate of profit and loss is displayed here, based on the entry price and Take Profit price.
E) Return on Investment (ROI): the expected return on investment is shown here as a percentage, in the event that the Take Profit target is reached.
- To add a Stop Loss order, enter the desired parameters for it, under the section where the Take Profit was specified. Stop Loss parameters are explained below.
A) Price Field: manually enter a Stop Loss price within this field.
B) Percentage Field: enter a percentage in this field, to determine how far from the entry order the Stop Loss order will be placed.
C) Remove Stop Loss Button: clicking this button will remove the Stop Loss order from the order.
D) Estimated Profit and Loss (Est. PnL): an estimate of profit and loss is displayed here, based on the entry price and Stop Loss price.
E) Return on Investment (ROI): the expected return on investment is shown here as a percentage, in the event that the Stop Loss is reached.
- Click Place Order from the bottom of the Trading widget. This will place the order with the parameters that were set up on it.
Trading Futures
There are some additional options in the Trading Widget when trading Futures.
A) Leverage: Click and manually input the type of leverage and the multiplicator. The maximum leverage and types depend on the exchange.
B) Trading Mode: Choose between One-Way and Hedge Mode (availability dependent on the exchange)
C) Reduce only: Check this box to only create orders that will reduce the existing open position. Disable for opening positions.
For more information about Futures trading, refer to the articles below:
Futures: Hedge Mode and One-way Mode
Paper Trading
Edit Balances button can be used to add funds to the Paper account. For more information on Paper Trading, refer to Paper Trading on Altrady
Creating a Position
After clicking on Place order for either Standalone or a Smart order, a prompt will appear on the screen.
The following options are available:
Edit: Clicking this will return you to the Trading Widget to add or adjust any orders
No: Selecting No will turn the trade into a standalone order and will not track PnL and Analytics
Yes: Choose this to have a position created and Analytics and PnL tracked, and it will always create a Smart Position.
Check "Don't ask me again" to prevent this prompt from appearing.
Important Factors to Consider
Editing an Order Created via Simple Mode
Not all orders that are created in Simple Mode can be edited without switching to Advanced Mode. The scenarios in which an order created via Simple Mode can or cannot be edited without switching modes, are explained below:
- Standalone orders: standalone orders (i.e. orders that do not include a Take Profit or Stop Loss), can be edited freely at any point. This is shown below:
- Smart Orders: if a Smart Order was created via Simple Mode, it will only be able to be edited in Simple mode for the entry order (if not filled), increasing the position, and up to 1 Take Profit and 1 Stop Loss. Position controls can be used for adjustments. If any additional orders are needed, switch to Advanced Mode.
Once TP and SL have been set, the respective buttons in Position controls will be disabled, and further editing can be done from the chart or Edit mode.
- Existing positions created in Advanced Mode: If a position was previously created using Advanced mode, trying to edit it from Simple mode will bring up a prompt to change to Advanced mode. Simple Mode cannot be used to edit such positions, switch to Advanced in that case.
Related Articles
Smart Orders: Quick Start Guide
Updated on: 05/03/2026
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