ladder trading tools kraken desktop Combine the functionality of multiple order types into one trade for greater flexibility and customization options.
a ladder trading The module integrates multiple trading tools into one intuitive functionality. It combines:
All this information is displayed in a clear and functional layout across multiple columns, including bid price, ask price, price level, orders, and last traded quantity (LTQ).
This setup not only provides comprehensive market insight, but also enables quick point-and-click order execution, allowing you to instantly adapt your orders to rapidly changing markets.
Advantages of using ladders instead of standard order tickets
- Increased speed and efficiency: Instant order placement and adjustment by dropping orders into the ladder module
- Real-time market insights: Instantly understand market depth and recent trades to make informed decisions.
- Simplified management: Adjustments can be made directly within the ladder module by simply dragging and dropping orders to new price levels.
- Simultaneous monitoring of multiple markets: Manage multiple markets on one screen and react to market movements in real time
Ladder trading module configuration
Kraken Desktop is aimed at building custom trading interfaces that fit your specific needs. Please select a display method:
- quote or base currency
- Changes in price steps (to confirm depth of market visibility)
- Lot size control to monitor liquidity
- trading volume
Executing orders using ladders
Ladder trading gives you access to multiple trading tools in one easy-to-use feature. Order types include Limit, Take Profit, Take Profit Limit, Stop Loss, and Stop Loss Limit. Instantly react to market changes – simply drag and drop orders to new execution price levels.
Top tip: For single-click trading, traders can turn off order confirmation.
Order shortcuts: scaled orders and automatic combinations
efficiency order Deployment using scaled orders and auto-merge functionality on Kraken Desktop. Set up to 4 shortcuts on each ladder module to support your trading strategy.
scaled orders
Scaling orders allow traders to spread their entry and exit prices across multiple price levels (as with scaling orders). dollar cost averaging method), minimizing the market impact of large trades.
Market maker example: Use scale orders to manage your inventory by placing buy orders at some falling price levels and sell orders at some rising price levels. This structure allows traders to buy low and sell high while maintaining liquidity.
For example, if a market maker wants to buy 1,000 units of a cryptocurrency, they can use scaling orders to place smaller buy orders for each $10 level drop from $1,000 to $900.
auto join
The Automerge feature allows traders to automatically submit orders that are offset by a specific price level or quantity from the current bid/bid spread. You can choose from 1 to 20 levels of offset and add orders to the ask or bid side of the order book.
Market maker example: Auto-merge allows you to stay competitive by continuously updating your buy and sell orders to reflect current order book liquidity.
When the bid-ask spread is narrow, the market maker sets up an automatic join to place a buy order with a one-step offset at the second highest volume level on the bid side, ensuring that small price movements are captured. You can. Similarly, you can place sell orders on the sell side with a two-level offset from the highest volume, continuing to provide liquidity as market conditions change.
Practical application to different trading styles
- Scalping: Take advantage of ladder functionality to quickly execute orders and realize small price benefits – real-time data and quick entry/exit capabilities are perfect for this high-frequency trading style.
- Day trading: Benefit from Ladder’s efficient order management to take advantage of intraday price movements.
- swing trade: Visually detailed market data allows you to understand price trends and prepare for long-term position entries and exits.
- Arbitrage: See and take advantage of price differences across different markets
Kraken Desktop allows you to deploy multiple order limit tools in a single trade, giving traders a whole new level of flexibility, speed, and automation. Take action now and explore ladder trading.
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