Trading Features

All trading in Rails Play takes place in a live market environment with simulated capital. Fees are charged to mirror a real-world trading environment.

Read on or jump to each section below:Is

Order Types

Leverage

Price Data

Order Types

Users can trade in a realistic environment. Explore different order types and how to place them below.

Placing orders:

Once you're ready to place an order:

1. Check all available order types and confirm the information you need.

2. Go to the Order Panel, and complete all required information.

3. Select the buy button when you're ready to place your order.

You'll see your orders move through the Trade Summary panel, under the corresponding tabs as your order executes.

Available order types:

Market Order

A market order on Rails Play is an order to buy or sell an asset immediately at the current index price. This makes it the fastest and easiest order type to execute because they prioritize speed over price.

What's Required:

Three pieces of information are required to place a market order in Rails Prop:

1. Order side: Choose a Buy/Long or Sell/Short order.

2. Leverage: Choose how much leverage you wish to open your position with.

3. Total: Choose the amount of your order by quantity or value:

   • Quantity (#): How many units (or partial units) of the asset you are trading.

   • Total ($): How much you will pay not including any associated fees.

Pro tips:

Percentage Slider: Use the percentage (%) slider to easily choose an amount:

Trigger Orders: Once you have a valid order input, the TP/SL function from the order panel allows you to quickly add a Take Profit or Stop Loss Order order before you place your order:

Limit Order

Limit orders enable you to buy or sell an asset at a specified price or better.

When placing a limit order to buy, it will only be executed at the limit price or lower, enabling you to control how much you pay. Conversely, a limit order to sell will only be executed at the limit price or higher.

What's Required:

Four pieces of information are required to place a limit order:

1. Order Side: Choose a Buy/Long or Sell/Short order.

2. Leverage: Choose how much leverage you wish to open the position with.

3. Price: Enter the price you want your order to be executed at.

4. Total: Choose the amount of your order by quantity or value:

   • Quantity (#): How many units (or partial units) of the asset you are trading.

   • Total ($): How much you will pay not including any associated fees.

Pro tips:

Percentage Slider: Use the percentage (%) slider to easily choose an amount:

Trigger Orders: Once you have a valid order input, the TP/SL function from the order panel allows you to quickly add a Take Profit or Stop Loss Order order before you place your order:

Pro: Stop Loss/Take Profit Trigger Orders

In Rails Play, you can utilize both Stop Loss (SL) and Take Profit (TP) orders to manage your trading strategy. All orders use the limit function due to the absence of a matching engine or order book.

Stop Loss orders help minimize potential losses by triggering a sale or purchase if the asset’s price moves unfavorably beyond a set point.

• For long positions, a stop limit order will be placed when the price drops to the SL price. The order will be executed only if buyers are willing to buy at the limit price or better (higher).

• For short positions, a stop limit order will be placed when the asset price rises to the SL price. The order will be executed only if sellers are willing to sell at the limit price or better (lower).

Take-Profit orders, on the other hand, secure gains by executing a sale or purchase when the asset hits a favorable price.

• For long positions, a take profit limit order will sell when the asset reaches the TP price.

• For short positions, a take profit limit order will buy when the asset falls below the TP price.

What's required:

2 pieces of information are required:

1. TP Price/SL Price: the price that you'd like your order to execute at.

2. Amount: the amount of your asset that you'd like to trigger the order for.

Trigger Order Shortcut

You can also use the pen icon in the Take Profit (TP)/Stop Loss (SL) column for any open position in the Trade Summary panel to access the shortcut for Modify TP/SL. When you already have an open position, this is the quickest and simplest way to add a TP or SL trigger order:

This will then bring up the TP/SL modal:

Enter the price and % of your position that you'd like, and select confirm.

You'll see the updated TP/SL values, and your trigger orders will show in the trigger orders tab in your position summary:

Leverage

You can choose leverage of 1x, 3x or 5x on all assets.

Rails Play Evaluations use cross-leverage at the account level. This means:

• Leverage applies across your whole account, not per trade.

• Leverage settings can only be changed once all positions are closed.

Want to learn more about leverage? Have a read of our Rails article here.

Price Data

Similar to the Rails platform, Rails Play uses aggregated index data from multiple reputable sources. Our primary feed is the Coindesk Aggregate Index API - CCIX. If CCIX is unavailable, we switch to CoinDesk Aggregate Index API - CCCAGGP, and then Kraken’s Ticket (Level 1) API).

Since alternate feeds and charts may not align perfectly with Rails Play pricing, we recommend using the built-in charting tool within Rails Play.

Need help? Our FAQs cover most questions! If you still need help, please send us an email.