Time-weighted orders are applicable to all perpetual contract trades, including both USDT-based and BTC-based contracts. The system calculates the optimal order placement and execution time based on the parameters set by the user. Here’s an example to demonstrate the process.
Web
Placing Orders
Step 1: Enter the trading interface and select the trading pair you wish to trade. Then, in the order section on the right, click “Time-Weighted Order.”
Step 2: Create your time-weighted order using the following parameters:
- Position Mode: Ensure the position mode for the selected contract matches your preference.
- Total Quantity: Input the total quantity of the order, or use the percentage slider to quickly set the order quantity and account’s available margin ratio.
- Total Duration: Set the duration for the time-weighted order, ranging from 5 minutes to 24 hours, or select a preset option: 10 minutes, 30 minutes, 1 hour, or 4 hours.
- Order Interval: Select the frequency for placing orders, with options from 10 seconds to 120 seconds per order.
- Only Reduce Position: This is applicable to perpetual contract single-direction mode only. For closing orders in the dual-direction mode, traders can switch to the “Close” tab to create time-weighted orders.
- Advanced Options: Click "Advanced Options" to set start conditions and price preferences for the time-weighted order.
Step 3: Confirm all the entered order details.
View/Cancel Orders
Once your order is successfully placed, you can view it in the Current Orders section under the Time-Weighted Orders tab at the bottom of the trading page. Completed or canceled orders can be checked in the Order History, and you can click the Details button to see further information. To cancel an order, click the Cancel button next to the order in the Current Orders section.
Check Order History
All completed or canceled time-weighted orders will be moved to the Order History section, where you can view the historical records. You can also click the Details button to check the order details.
Time-Weighted Order Details
For pending, active, or completed time-weighted orders, click the Details button in either the Current Orders or Order History sections to view the pop-up displaying the status, parameters, and transaction details of the time-weighted orders.
App
Placing Orders
Step 1: After entering the trading interface, select the trading pair you wish to trade, then click the “Time-Weighted Order” option in the order section.
Step 2: Set up your time-weighted order with the following parameters:
- Position Mode: Ensure the position mode matches your preference for the selected contract.
- Total Quantity: Input the total order quantity or use the percentage slider to set the contract quantity and available margin ratio.
- Total Duration: Set the duration for the time-weighted order, ranging from 5 minutes to 24 hours, or choose from preset options like 10 minutes, 30 minutes, 1 hour, or 4 hours.
- Order Interval: Select the order interval, with options from 10 seconds to 120 seconds.
- Only Reduce Position: This option is available for perpetual contract single-direction mode only. In dual-position mode, switch to the “Close” tab to create time-weighted orders.
- Advanced Options: Click "Advanced Options" to set conditions for order activation and price preferences.
Step 3: Confirm all the entered details.
View/Cancel Orders
Once the order is successfully placed, view it under Current Orders > Time-Weighted Orders in the trading page. Completed or canceled orders can be found in Order History, and you can also check them under My Transactions. To cancel, click the Cancel button next to the order in Current Orders.
Check Order History
All completed or canceled time-weighted orders will appear in the Order History tab. To view your order history, click the "Account" icon located at the far-right of the trading page, then click “Order History” for details.
Time-Weighted Order Details
For pending, active, and completed orders, click the order content area to view the time-weighted order details, including status, parameters, order history, and execution details.
Advanced Options Explanation
Price Preference for Small Orders
This option is for setting the order price of small orders. You can choose between two methods: “Price Gap” or “Percentage.”
- Price Gap: The maximum gap from the latest market price is 1%.
- Percentage: The maximum percentage adjustment is 1%. For example:
- Buy Order Price = Latest Sell Price + Price Gap
- Sell Order Price = Latest Buy Price - Price Gap
Activation Price
- Buy Orders: Activated when the latest market price ≤ activation price.
- Sell Orders: Activated when the latest market price ≥ activation price.
Order Interval
For example, after placing an order, the next order will only be placed after the set interval (e.g., 2 minutes). The order interval can be set between 10 seconds and 120 seconds.
Single Order Quantity
This determines the “order quantity” for each small order. Formula: Single Order Quantity = Total Order Quantity / (Total Duration * Order Interval) (Note: Total Duration and Order Interval are in seconds.)
Examples
Basic Parameter Setup If you want to buy 1 BTC within 5 minutes, set the total duration to 5 minutes and total quantity to 1 BTC. The system will place multiple IOC-type orders based on the latest market price, until 1 BTC is bought or the order duration reaches 5 minutes.
Advanced Setup
Let’s assume you want to buy 3 BTC in 1 hour with the following settings:
- Total Quantity: 3 BTC
- Duration: 1 hour
- Order Interval: 120 seconds
- Activation Price: 30,320 USDT
- Price Preference: 0.2% better than the market
When the BTC price is 30,311 USDT (≤ 30,320 USDT), the order will be activated. Orders will be placed as follows:
- 1st Order: 0.1 BTC at 30,378.6 USDT (after applying 0.2% price preference)
- 2nd Order: 0.15 BTC (including the unfilled part of the previous order), placed 2 minutes after the first order, at the same price preference.
And so on, until all orders are placed or the time expires.
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