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BackWe Are Introducing New Tools to Safeguard Your Trading
Following our recent platform update, the effort to improve your trading experience is continuing with the introduction of a new Price Warning feature. The Slippage Warning Dialog is there to show you in real-time if any of your orders could lose more than 3% due to slippage. This is an important component of your trading arsenal as it will warn you immediately before confirming orders. Use this to your advantage so you can be aware, act fast and stay on top of the markets.
Edging the Markets
When trading in an exciting and sometimes volatile market, it can become challenging to keep up with everything and even more so – to act in your best interest at the right time. Wouldn’t it be great if you could benefit from a tool that would instantly warn you of any potential missteps? The new Slippage Dialog feature is here, and it will do just that! Its main purpose is to better serve by warning you, as you are placing trades, of any slippage in price where order books may be thin.
Here’s how the mechanism works:
Slippage refers to the difference between the expected market price (top of book) and the price at which the trade is executed (volume weight average price). Slippage may occur at any time but is most prevalent during periods of higher volatility when market orders are used.
The Price Warning Dialog shows up if the user submits an order which could lose more than 3% due to slippage. The mechanism works like this:
- No warning when under 3.00%
- Shows green warning from 3.00% to 4.99%
- Shows orange warning from 5.00% to 9.99%
- Shows red warning from 10.00%+
- The calculation takes the size of the order into account and adjusts the slippage warning percentage accordingly
- It will appear when placing a new market/limit order, or editing an open order
- It will appear on both the Exchange and Margin platforms
What It Doesn’t Do
- Take spread into account (for now)
- It will not appear when doubling or closing a % of Active Positions on Margin (for now)
Optimum Tools for Agile Traders
When we say “we look after our users in the market” this is what we’re talking about. Features like the New Price Warning Dialog are designed to aid your trading and support taking the best decisions that benefit you! We are actually one of the very few exchanges with such components that can prevent users from losing a lot of money. We have said it before – we are committed to helping users not get liquidated while they face dynamic volatility.
Discover all our features and tools and leverage them to your advantage! Find your pace in the markets and use them so you stay on the green side of volatility.
Join the ever-growing Coinmetro community on Discord and Telegram to stay up to date with the latest crypto developments, learn and exchange ideas with like-minded people. To begin your trading and investing journey today, take action now and sign up to our platform in just a few steps.