How I Setup My Custom Webull Layout for Option Trading
The Webull desktop application has become my primary platform to do trading and charting in 2022.
The best way to take advantage of Webull is to customized feature they provide. It allows you to setup Webull widgets to your own liking.
The Ultimate Beginner’s Guide to Creating a Webull Customized Layout:
When I first started trading on Webull, I used their default stock view, and I hated.
It made me feel slow, and too tunnel vision because I couldn’t see the futures or indicies to get better clarity of the the market.
Trading options was also slow in the default Webull layout because I had to select the `options` tab, and it would take me out of the chart view.
Okay, enough of the default view, let’s start a break down on my custom layout option!
Custom Layout Overview
The Webull custom layout above is broken into three sections:
- Left Side: Order entries, Positions, and Option Chain
- Middle: Stocks I’m actively looking to trade or trading
- Right Side: Indicies such as S&P 500 ($SPY) and Invesco QQQ ($QQQ)
The Left Side Overview
The left side of the Webull custom layout is to help me manage, and see my current positions, order entries and the option chain for a stock.
The option chain is the longest widget as it helps me see a bigger collection of strike prices–it avoids from me having to scroll too much.
The Middle Overview
The middle section the Webull custom layout is to help me see the stock I’m trading.
The widget it contains are:
- 2 Stock Chart widgets
- 1 Time&Sales widget
- 1 Order Book L2 widget
The top stock chart widget is to help me look at the traded stock intraday setups.
The bottom one is to look at a broader timeframe of the stock I’m trading such as the daily, weekly, and monthly.
In there, I have one Time&Sales widget to help me see the orders that are coming in and in what size.
And I also have the Order Book L2 widget to help see any huge block orders coming to help support or resist my trade.
The Right Side Overview
The right side of the Webull custom layout is to help me see the overall of the stock market by keeping an eye on $QQQ or $SPY.
This section contains the following Webull widgets:
- 2 Stock Chart widgets
- 2 Order Book L2 widgets
Each Stock Chart widget is designated with their own Order Book L2 widget.
System Requirements
Something to keep in mind about this setup is that there are a lot of widgets going into this Webull custom layout, and all of this is fitting in a 32′ Dell Monitor that has 4k resolution.
If you have a smaller resolution screen consider, taking a couple charts off or removing the left side.
Creating Webull Customized Layout
Now we’re going into the fun part of this guide; the building!
Go ahead on and click on the Customized tab item on left navigation of Webull to get started with custom layout.
Step 1: Create a New Layout
On the top right corner, you’re going to click on the plus icon (+) which stands for New Layout.
And go ahead and select Blank Layout box.
To find and add Webull widgets to your custom layout, you’re going to click on the top right toolbox icon also labeled as Add Widgets when you hover over the icon.
In there, you’ll find all the widgets that are needed to create a Webull custom layout setup.
To save a Webull custom layout you’ll click on the floppy disk icon also labeled Save as a Customized Layout when you hover the icon.
When you click on the icon, you’ll be prompted with a popup box that asks you to give your Customized Layout a name. Once you’ve chosen a name, click on the blue button labeled Save.
So far, you know how to create a new Webull trade layout, and where to look for widgets, and how to save your Webull customized layout.
Let’s start building the left side of the layout!
Step 2: Build Left Side Layout
You’ll need to add four Webull widgets to this side–the sizing is up to your own liking.
The first widget on top is uses the Orders and Positions widgets.
These widgets will help me see the current positions I’m in, and what orders are still trying to get filled.
The box underneath is the Order Entry Webull widget. This will help make the request on the option contracts I want to purchase at what price, how many contracts, what side, etc.
The biggest widget is the Options widget. Like I’ve mentioned above, it helps see all the strike prices, and dates easily.
The main data I like to see in the Options widget is the Bid and Ask, Volume and Open Interest, and Implied Volatility (IV).
Step 3: Build Middle Layout
The middle section is my favorite one, as it has the bigger charts and other fun widgets.
This section also has four Webull widgets to be implemented.
The first widget on the top left is a Stock Chart widget. I use this widget to help me look intraday timeframes of the stock I’m eyeing or trading at the time.
Right next to it, I have the Time&Sales widget. This helps me see realtime order come in. Knowing if an order came in at ask or bid or above ask or below bid, and at what size is extremely helpful to determine where price action is trying to go.
Right below the those two widgets, I have a another chart widget to help me look at the bigger timeframes of the stock.
And at the very bottom I have an Order Book L2 widget that I use to see the order blocks that are about to come for a stock.
Step 4: Build Right Side Layout
The right side of this Webull Customized Layout is similar to the middle section, but it doesn’t have Time&Sales widget.
It’s on stack layout format. It starts with one chart widget, followed by a Order Book L2 widget. It then repeats that one more time.
Step 5: Grouping Webull Widgets
The final piece to this Webull Customized Layout is to group widgets.
Grouping widgets in Webull will help you have the widgets in sync. Otherwise you’ll have to change the ticker manually for each one–and that just sucks.
To group widgets you’ll have to click on the minus icon of a widget (–), and a popup box will appear with a set of number and color.
Make sure to select a number in the Group Inside Layouts selection.
In the Customized Layout that we just created above, I have given Option widget on the left side, and all the widgets in the middle section, group #1.
And on the right side of the layout, the first stack of chart and Order Book L2 widget has group #2, and the other remaining chart and Order Book L2 widgets are grouped as #3.
