Introducing: Scaled Orders
We are pleased to introduce Scaled Orders to our community of traders, adding to our array of unique features and diverse order types.
Scaled orders are an algorithmic order type designed to let traders to spend less time entering orders and more time focusing on their strategy.
The scaled order algorithm automatically creates multiple limit orders across a user-determined price range, providing traders with control over the diversity and distribution of orders within the price range. If, for example, you are expecting the price of a certain asset to dip over a sustained period of time, you can set a scaled buy order to buy in decreasing price increments. On the contrary, if you are expecting the price of an asset to rise over time, you can set a scaled sell order to gradually lower your exposure as the price increases.
Read up on scaled orders here.