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Trade Shortcuts on Kraken Desktop
Last updated: July 24, 2025
Trade Shortcuts Board:
Kraken Desktop introduces the powerful Trade Shortcut module, enabling you to execute trades swiftly and efficiently with customizable, single-click buttons. Whether you’re focused on specific markets or prefer dynamic shortcuts based on your currently active market, this tool significantly enhances your trading experience.
What is the Trade Shortcut module?
The Trade Shortcut module allows traders to create highly customizable buttons, executing predefined trade orders instantly. Each shortcut can be tailored for market-specific actions or dynamically adapt based on your active market. This is particularly useful for rapid trading decisions and automated order strategies.
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Open Kraken Desktop and create a new board, or split a module on your current board.
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Click Configure and select Trade Shortcut from the dropdown on the right. You'll then be prompted to select a market.
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Adjust the module settings to your preference in the Edit module panel.
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Click the gear icon in the upper-right corner of your Trade Shortcut module to access Edit Module settings.
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Click Add Shortcut to create a new trading shortcut.
Shortcut customization options:
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Market: Select a specific market or choose dynamic shortcuts (based on your active market).
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Order Type: Choose from a variety of orders, including:
- Market, Limit, Ask, Bid
- Take Profit, Take Profit Limit
- Stop Loss, Stop Loss Limit
- Trailing Stop, Trailing Stop Limit
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Funding Type: Select between Spot or Margin trading.
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Quantity: Specify using a fixed amount (base currency only) or a percentage of your available funds.
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Price Offsets and Distance Triggers:
- Negative price offsets for Limit Orders are allowed.
- Distance triggers must always be positive.
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Trigger Signal:
Last Price
The most recent price at which a trade occurred.
When to Use: Ideal for real-time trading and quick execution decisions, particularly in active markets. It’s highly responsive to market volatility and price movements.
Index Price
A calculated price representing the weighted average of prices from multiple reputable exchanges.
When to Use: Useful for maintaining a neutral, market-wide perspective, minimizing the influence of price anomalies or temporary fluctuations on a single exchange. Frequently used for stable pricing and valuation in derivatives contracts.
Mark Price
An adjusted price used to determine fair market value, particularly for derivatives (Ex. futures, perpetual contracts). It considers the index price plus additional factors (like interest rates, funding rates, and other premiums or discounts).
When to Use: Suitable for derivatives trading, especially when trading perpetual contracts, where the mark price helps prevent price manipulation and unnecessary liquidation due to temporary market spikes.
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Attached OSO (Order Sends Order):
Easily attach Take Profit and Stop Loss parameters.
Note: when both Take Profit and Stop Loss are attached, OCO (One Cancels Other) functionality is enabled. OSO orders cannot be attached to Trailing Stop or Trailing Stop Limit orders.
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Reduce Only: Ensure shortcuts only reduce open positions without increasing exposure.
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Sound Events: Customize audible notifications for: Error, Filled, Partially filled, Placed, and Rejected orders.
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Button labels: Automatically generated labels summarize the order configuration (Ex. “Buy Mkt 15%, 1TP/1SL"). You can also create custom names for easier identification
Hovering over the information (i) icon between paired buy/sell shortcut buttons provides a detailed summary, including:
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Order Type
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Quantity
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Buy/Sell amounts
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Attached OSO orders and parameters
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Rearrange your shortcuts easily by dragging and dropping them in the order you desire within the Edit Module sidebar.
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Edit shortcuts by expanding their details in the sidebar via the dropdown menu.
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Shortcuts can be duplicated or deleted by using the copy/trash icons.
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By default, dynamic Trade Shortcuts (based on active module) are displayed at the top of the module, and market-specific Trade Shortcuts are displayed below.
You can create a group of shortcuts and save them as a module preset. Presets can then be applied across multiple boards, saving you significant setup time.
Learn more about module presets here.
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Click any configured button and click confirm to place the trade. For single click trading, toggle “Skip confirmation” in the module settings sidebar.
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Executed trades appear instantly within the Trade Activity module for tracking, and will appear on your chart (if enabled in your Chart module settings).
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Clearly label shortcuts so that you can recognize them quickly.
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Group market-specific shortcuts together to maintain a structured view.
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Turn on “Skip confirmations” for single-click shortcuts.
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Regularly update and manage your presets to align with your evolving trading strategies.
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Create module presets for different market conditions. For example, you could make a preset of trade shortcuts for choppy markets, and another preset for trending markets