Ladder Order

A ladder order is a collection of limit orders placed at incremental price levels above and/or below a certain price point. This strategy is often used to capitalize on market volatility and to manage risk by spreading out entry or exit points.

When a trader places a ladder order, they specify multiple price levels at which they want to buy or sell an asset. For example, a trader might set up a ladder order to buy an asset at $100, $95, $90, and $85, with each order having a specified quantity. As the weighted ratio reaches each of these levels, the corresponding market order is executed.

Ladder order can be placed using the POST /positions with executionType: "LADDER".