The Letit trading terminal is divided into five main blocks:

 

  1. Cryptocurrency pair chart;

  2. Order book 

  3. Watchlist - list of selected pairs;

  4. Order-form - order placement form

  5. List of created orders

 

1. cryptocurrency pair chart

 


In the chart window in the upper left corner the following is displayed: 

  • exchange name;

  • the name of the cryptocurrency pair;

  • price and its change in % relative to the last 24 hours;

 

The charts are provided by TradingView, so if you have experience in trading on crypto platforms there will be nothing unexpected in the settings of this panel for you.

 About Drawing Tools: Help Center and Support - Chart

 


Explanation of the toolbar shown in the screenshot::

  1. time frame selection;

  2. types of graphic displays (candlesticks, bars, etc.);

  3. indicators for trading;

  4. saving indicator templates;

  5. cancellation of an action

  6. the time interval displays on the entire chart.

 

2. Oderbook 

 

The order book shows orders placed by other players or trades carried out at a given time. You can track the price and volume of ongoing trades.

 

Three buttons with a graphic line-wave image are needed to switch between the sales book, the purchase book, or both books at the same time.

 

The Full Book button enables the full order book, which can be viewed with a scroll mouse.

 

3 Watchlist - list of selected pairs

 


This window contains the cryptocurrency pairs you have selected.

By default, this section is empty.

 

The necessary pairs can be added using the "+" button.

 

In addition to the pair itself, the line displays the price and its change over 24 hours.

 

The symbol of coins in front of the name indicates the availability of funds for trading on this pair.

 

By clicking on a pair, you will open all the other windows: the chart, the order form, the order book, and the trading thread.

 

4. Order form - Order placement window

 

 4.1. Limit Order 

 


A limit order, or a pending order, allows you to place an order on a waiting list (order book) at a price you specify in advance.

 

To proceed to placing a limit order, click the Limit button on the orders panel.

 

Below is the balance of your deposit in the currency you are currently using (the example shows the amount of BTC and USDT).

 

Open price - the quoted price at which the trade is made.

 

Amount BTC - the total amount of coin A (in this case, BTC, BTC/USDT pairs), set or received in a transaction at the set price.

 

Total Usdt - the total amount of coin B (in this case USDT, BTC/USDT pairs) given or received in a trade at a given price.

  • You can set 2 out of 3 options. The third one will be calculated automatically.  A padlock symbol will appear on the two set parameters.

 

Amount funds - scroll to quickly set the number of coins from 0 to 100% on deposit.

 

Stop loss 

Stop loss order - this is a market order that is placed in order to avoid a loss if the price moves in the opposite direction from the predicted one.

 

Letit will calculate in advance and show how much in dollars and as a percentage of the deposit you can lose if you set a stop loss at a given price.

 

 

Risk % - the percentage of the deposit in this coin that you lay down for loss in the event of a stop loss.

 

Amount Risk Usdt - risk in the amount of dollars you will lose if the stop-loss is triggered.

 

Stop price Usdt - the set price at which the stop order should work.

 

You can set 2 out of 3 options. The third one will be calculated automatically.  A padlock symbol will appear on the two set parameters.

 

 

Take profit - a pending order for a position exit point.

 

Таке Price, Usdt - the price at which you plan to exit the position.

Profit, Usdt - the amount of dollars planned to be received at the closing of this transaction.

 

when you change one of the parameters, the second parameter changes automatically.

 

The summary legend - is the last proactive block before the button for sending an order to the exchange.

 

Risk Stop - the set price at which the stop order should work.

 

Comission - exchange commission per transaction.

 

Technical stop %  - the maximum percentage of the deposit that you can lose if you are stopped out.

 

 

P/F - profit factor - the ratio of profit to risk in this transaction.

 

Trailing stop - a dynamic stop that moves in the direction of the intended move in the distance.  It works during reverse movement and helps to get the maximum profit.  You can read more about it here.

 

Guaranteed order - guaranteed order.  If you haven't used this feature before, read about its capabilities

here.

 

Run Smart order - you confirm that all data is entered correctly and give Letit command to send an application to the exchange.

 

Market Order - an application for a quick purchase or sale at the current price.



To create such an order, click the Market button on the function bar.

 

Below is the balance of the deposit in coins used by you in trading.

 

Open price - a quoted price at which the trade is made.

 

Amount BTC - the total amount of coin A. (in this case, BTC, BTC/USDT pairs) given or received in the transaction.

 

Total Usdt - the total amount of coin B (in this case USDT, BTC/USDT pairs) given or received in the transaction.

  • You can set 2 of the 3 above options.  The third one will be calculated automatically.

 

Amount funds - scroll to quickly set the number of coins from 0 to 100% on deposit of a particular coin.

 

 

Buy BTC - a button to buy coin A, sell coin B (in this case BTC, BTC/Usdt pairs).

 

Sell BTC  - a button to sell coin A, buy coin B (in this case, BTC, BTC/Usdt pairs).

 

Risk setting

 

Risk management is a special pride of Letit developers and an important condition for survival in the crypto jungle. If you set the boundaries that you cannot go beyond in advance, it makes trading easy and stress-free.

 

Setting risk management options.

 

To set the risk management parameters, click the Risk settings button in the Order form window.

 

Below you can see the balance of your wallet in coins used when trading in this pair (the example shows the amount of BTC and USDT).

 

Each Deal volume % - is a risk of loss per trade.

 

Each Deal risk % - is a total risk per trade.  How it works and in what cases it can be used can be found here.

 

Exchange fee % - commission for placing orders.  Set parameters for each transaction.

 

Read more about the risk management function and its capabilities here.