Default Order Mode

The default order mode determines what type of order is placed when you click B or S in the Quick Trade bar. You can still switch between Market and Limit on the fly using the M/L toggle in the bar when Price Input controls are enabled. This setting acts as the initial state — every time you open the Quick Trade bar, it defaults to this mode.

Understanding the difference between Market and Limit orders is essential for choosing the right default for your strategy. Each order type has distinct behaviour regarding execution speed, price control, and fee structure:

Choosing between Market and Limit as your default depends on your trading strategy and the market conditions:

• Market default — best for scalpers and day traders who need instant execution. When trading high-liquidity pairs like BTC/USDT, the bid-ask spread is typically tight (1–5 USD on a 60k BTC), so the cost of using market orders is minimal. The speed advantage outweighs the slightly higher taker fee.
• Limit default — preferred by swing traders and position traders who plan entries in advance. Limit orders let you set precise entry and exit levels. The lower maker fees add up over many trades. Also recommended when trading low-liquidity pairs where market orders would incur significant slippage.
• Volatile conditions — during high-volatility events (news releases, liquidations), market orders can experience significant slippage. Switching to Limit mode provides price protection. Your order may not fill, but you avoid overpaying.
• Low-liquidity pairs — always prefer Limit orders for pairs with thin order books. A market order could move the price several percent against you. Limit orders let you participate without causing price impact.
• Hybrid approach — set Market as default for speed but use the M/L toggle to switch to Limit when placing orders at specific levels. This gives you the best of both worlds without changing the setting.

When Price Input is enabled in Display settings, the Quick Trade bar shows an M/L toggle button. This button lets you switch between Market and Limit modes temporarily without changing your default setting.

• Toggle behaviour — clicking M (Market) or L (Limit) switches the active mode for the current trade only. After the order is placed, the mode resets to the default. This ensures your preference is preserved for the next session.
• Visual feedback — the active mode is highlighted with the accent colour (blue by default). The inactive mode appears dimmed. When Limit is active, the price input field appears next to the toggle.
• Persistence — the on-the-fly switch does not modify the Default Order Mode setting. To make the switch permanent, change the setting in Quick Trade Settings > Execution.
• Keyboard shortcut — when the Quick Trade bar has focus, pressing M toggles between Market and Limit modes. This allows quick switching without clicking the UI.

1. 1
   Open Quick Trade Settings

   Click the gear icon (⚙) in the Quick Trade bar, or navigate to Trading > Quick Trade in the main settings menu.
2. 2
   Navigate to Execution

   Find the "Execution" section within Quick Trade settings. The Default Order Mode option is listed alongside other order execution settings.
3. 3
   Select the mode

   Choose Market or Limit from the dropdown. The change takes effect immediately — no save button or confirmation required.
4. 4
   Optional: Enable Price Input

   If you selected Limit, enable "Price Input" in Display settings to show the price field directly in the bar. This is required for entering limit prices without opening a separate dialog.
5. 5
   Test the behaviour

   Click B or S to place a test order. Check that the order appears with the expected type in the open orders panel.

The Default Order Mode setting and the Price Input display setting work together to control what appears in the Quick Trade bar:

• Default = Market, Price Input = Off — the bar shows only the raw B/S buttons. No price field or M/L toggle. This is the most compact configuration. Orders are always market orders.
• Default = Market, Price Input = On — the bar shows B/S buttons plus the M/L toggle (defaulting to M). You can switch to Limit on the fly, which reveals the price field. The bar is slightly wider but more flexible.
• Default = Limit, Price Input = Off — the bar shows B/S buttons but no price field. Clicking B/S opens a separate dialog to enter the limit price. This is the least convenient combination — enable Price Input if Limit is your default.
• Default = Limit, Price Input = On — the full bar with B/S buttons, M/L toggle (defaulting to L), and the price input field. This is the most capable configuration and recommended when Limit is your default mode.

Each order type follows a different lifecycle through the trading system:

1. 1
   Market order — instant flow

   Click B/S → System checks current best bid/ask from the order book → Order is constructed with market price and current quantity → Order submitted to exchange → Immediately matched against resting orders → Fill confirmation received → Position updated in portfolio → Order line (if enabled) appears briefly on chart before being marked as filled.
2. 2
   Limit order — queued flow

   Enter price (or use Bid/Ask quick-fill) → Click B/S → Limit order constructed with specified price and quantity → Order submitted to exchange → Placed in order book as a resting order → Order line appears on chart at the specified price level → Awaiting match: line remains dashed → Partial fills: line updates remaining quantity → Full fill: line turns solid or disappears → Remaining unfilled: line stays until cancelled or expired.
3. 3
   Cancellation flow

   While the limit order is resting in the book, you can cancel it via the Open Orders panel, right-clicking the order line on the chart, or using the order management hotkey. Cancelled orders are removed from the book and the order line disappears.
4. 4
   Post-trade actions

   After any order fills, the platform updates your position, trade history, and P&L. If Trade Without Confirmation is off, a confirmation dialog appears before submission regardless of order type.

• 1.Price Input — Controls visibility of the M/L toggle and price field for on-the-fly switching
• 2.Trade Without Confirmation — Skips the confirmation dialog when placing orders
• 3.Bid/Ask Quotes — Shows current best bid/ask prices — useful when entering limit prices manually
• 4.Chart Click to Order — Uses limit orders regardless of this setting
• 5.Quantity (Default) — Sets the default order size used by both Market and Limit orders