Price ladder is a GUI manual trading tool that can quickly place orders, delete orders, and edit orders in the order book. Traders can check the distribution of buy and sell orders in the current market through customized tick sizes and quickly grasp the appropriate order entry and exit points.
▶ Where can I find the Price Ladder?
1. On the WOO X Trading page superior right corner click on "Add Widget"
2. Click on "Trade"
3. Choose "Price Ladder"
Note: The rate limit for GUI orders is three orders in one second of all symbols.
Let’s break it down into different sections for details, as displayed on the image. First, we will introduce how it works and its functionalities.
▶ Section A:
Traders can view the basic information of selected markets, such as market price and trading volume. Traders can also customize order book flow by themselves. The default setting is Auto centering. WOO X provides three modes for traders to monitor the market and order status:
- Auto centering mode (Default)
- The best bid and ask price will be adjusted in the middle at all times.
- Traders are NOT allowed to scroll up or down to view additional orders.
- No centering
- The default setting will keep the best bid and ask prices in the middle when you start to use the ‘No Centering’ mode.
- The best bid and ask price will not be in the middle afterwards, it will change with the market price and may disappear from the current window.
- Traders can click the arrow button to return to the default setting if the best ask and bid price disappear on the order book.
- Traders can scroll up or down to view additional orders.
- Keep in view
- The default setting will keep the best bid and ask prices in the middle when you start to use Keep in view mode.
- The best bid and ask price will not be in the middle afterwards, it will change with the market price. If the last price hits the boundary of the widget window, the best bid and ask price will return to the default setting. Traders can keep the best ask and bid price in their sights.
- Traders can scroll up or down to view additional orders.
▶ Section B:
Traders can place, adjust, and cancel orders in this section. Let’s see an overview of all the columns:
- Price: The price of the current market - the last price will be marked with a blue frame.
- Bids/Asks columns: The volumes for both the Bid and Ask sides at different prices will be displayed as the chart and the quantity.
- Buy/Sell columns: The trader’s pending orders will be displayed on these two columns.
The colors present different order types and rules:
- Buy orders: Green
- Sell orders: Red
- Stop types orders: Yellow
- Editable orders: Translucent, such as limit order.
- Uneditable orders: Opaque, such as stop-limit. (Traders can use other order entries to place and edit stop orders.)
Please see the table below for all order types information:
|
Order Types |
Editable |
Drag to edit |
Display information |
|
Limit |
O |
O |
Order price |
|
Market |
X |
X |
X |
|
Stop Limit |
O |
O |
Trigger price |
|
Stop Market |
O |
O |
Trigger price |
|
OCO |
X |
X |
X |
▶ Customize the tick size for your ladder trading (#1)
Traders can customize the tick size by clicking the setting icon behind the Price to make more accurate trades. (Such as the number 1 in the screenshot).
The default setting for each token is based on the Min Price Movement, you can refer to the trading rules for specific tokens. For example, the default tick size of WOO token is 0.00001.
Note:
- Traders can not change the numbers which are less than the default setting.
- WOO X allows traders to use the “reset” button to return to the default setting.
- The changes will apply to new ladder trading widgets. If the trader changes the tick size of WOO from 0.00001 to 0.001, this setting will apply to other widgets of WOO
▶ How to place or edit the orders
- Place by clicking: After choosing the quantity from Section C. Traders can move their cursor on the Bids or Asks column and then simply click to place the orders with the assigned quantity in section C. When a trader hovers over the cell in the Bids/Asks column, the cell in the Bids/Asks column and the selected Price column will be framed.
After confirming the order, traders can see all pending orders on the price ladder widget.
The options icon will appear in the cell when there are multiple orders, and the system will aggregate the quantity for all orders at this market price. - Drag to edit the existing order: The existing orders will be displayed on the Buy and Sell column. Traders can drag the cell of the existing order to a new selected price. You can pull the aggregated order to edit unless it’s not an editable type of order.
▶ How to cancel the orders?
- Right-click to cancel the existing order(s) on the Buy and Sell Column.
- If traders want to cancel all orders from the buy or sell side, they can refer to the bottom to the Cancel Buy or Cancel Sell buttons.
▶ Collapse Spread
The Collapse Spread button provides traders a different view of the Price Ladder. It collapses the spread price gap between buy and sell orders.
▶ Section C:
Traders select buttons of different quantities to place orders. The total amount of USDT will be calculated after clicking a certain button quantity. Kindly note that the trading mechanism is “Quantity” based - the quantity will change accordingly if traders fill in the value in the total column.
- Quantity Buttons Options (Default): 0.0001, 0.001, 0.01, 0.1, 1, 10, 100, 1000
- Quantity Buttons are customizable, traders can set their own quantity buttons by clicking the setting icon next to ‘Quantity.’ Please separate the customized quantity with a semicolon (;).
Note:
- The maximum number of Quantity buttons is eight. If you put less than eight options for quantities, the button will be blank and will not be clickable.
- No matter what the quantity is, the system will check if the order size meets the trading requirements and rules.
- The changes will not apply to new ladder trading widgets. If you want to keep this setting of quantities, please use ‘duplicate’ to create.
▶ Section D:
Traders can see their position information in Section D, including
- PnL: Current profit or loss on an open position according to the market price.
- Position: the quantity of the selected positions.
- Max Leverage: The leverage you choose on the account page for Margin or Futures. Traders can click the leverage and navigate the Account page > Margin & Futures tab to adjust settings.
- Avg. Price: Average open price of the selected position.
- Est. Liq. Price: Estimated price at which your position will be liquidated.
▶ Section E:
Traders can find the supported order types in Section E.
WOO X only supports limit orders and stop market for the price ladder widget currently. Please use order entry X - Adv or Y - Pro If you would like to place other types of orders.
▶ Section F:
Traders can quickly place an order through these shortcut buttons to buy and sell.
- Ask: An ask refers to the lowest price you are willing to sell.
- Bid: A bid refers to the highest price you are willing to buy.
- Market: Market Order is an order to buy or sell a token immediately. This type of order is filled instantly by using available orders on the order book.
WOO X also provides some functions for traders to execute trades quickly in the event of extreme market conditions
- Market Close: The button allows traders to efficiently exit existing positions at market price. Kindly note that Pending Reduce-only orders will be canceled, but other pending orders will remain.
- Cancel All: This button allows traders who wish to cancel all pending orders immediately.
- Reverse: The reverse order is used when a trader wants to reverse the position. For example, you have 100 WOO tokens. After clicking the reverse button, the system will place an order with a negative amount of 200 WOO. In the end, you will get the position of negative 100 WOO.
- Flatten: Flatten Position combines two functions, traders can market close and cancel all pending orders for certain positions simultaneously to quickly exit.
Note: Traders may be unable to market close the position if the order size is larger than the limits. For more information, please visit ▶ Futures order limits or ▶ Trading Rules on the support center.
▶ Section G:
Traders can choose whether to hide their orders or show their order confirmation here.
Even though WOO X has a price range for orders to prevent the ‘fat finger’ issue, traders can still place orders within the price range. Kindly note that you can enable the “show order confirm” to avoid misoperation cases while placing the order.