Advanced Trading

DeltaDash supports advanced order types for sophisticated trading strategies.

TWAP Orders

Time-Weighted Average Price (TWAP) orders split a large order into smaller pieces executed over time.

Benefits

  • Reduces market impact on large orders
  • Achieves better average execution price
  • Minimizes slippage

Setting Up TWAP

  1. Select TWAP Order from order types
  2. Enter total order size
  3. Set duration (how long to spread the order)
  4. Set interval (time between each slice)
  5. Execute the order

Scale Orders

Scale orders place multiple limit orders at different price levels, creating a "ladder" of orders.

Use Cases

  • Building a position gradually at better prices
  • Taking profit at multiple levels
  • Creating support/resistance zones

Setting Up Scale Orders

  1. Select Scale Order
  2. Enter total order size
  3. Set price range (start and end prices)
  4. Choose number of orders
  5. Select distribution (linear, exponential)
  6. Execute

Chase Orders

Chase orders automatically adjust limit order prices to follow the market, helping you get filled while still achieving better prices than market orders.

How It Works

  1. You set an initial limit price
  2. If the market moves away, the order "chases" by adjusting the price
  3. Maximum chase distance limits how far it will follow

Stop-Loss Strategies

Trailing Stop

A trailing stop moves with the market in your favor, locking in profits while protecting against reversals.

  • Set a trailing distance (e.g., 2%)
  • Stop price adjusts as the market moves in your favor
  • Triggers when price reverses by the trailing amount

Stop-Limit vs Stop-Market

TypeExecutionBest For
Stop-MarketImmediate at market priceGuaranteed exit
Stop-LimitOnly at limit price or betterPrice certainty

Leverage Management

Adjusting Leverage

  1. Open the leverage settings
  2. Select desired leverage (1x - 50x)
  3. Confirm the change

Margin Requirements

Higher leverage requires less margin but increases liquidation risk:

  • Initial Margin - Required to open a position
  • Maintenance Margin - Minimum to keep position open
  • Liquidation - Occurs when equity falls below maintenance margin

Position Sizing

Risk-Based Sizing

Calculate position size based on risk tolerance:

Position Size = (Account Risk %) × Account Balance / Stop Distance

Kelly Criterion

For advanced traders, the Kelly Criterion helps optimize position sizes based on win rate and risk/reward ratio.

Tips for Advanced Trading

  1. Start small - Test advanced order types with small sizes first
  2. Monitor closely - Advanced orders may need adjustment
  3. Understand the risks - Higher complexity means more ways things can go wrong
  4. Use in combination - Combine order types for comprehensive strategies