Order grid
Last update 08/06/2023
To display grid in standard interface, navigate to 'Settings' and select 'Order Creation' (1).
Enable grid display (2) and click save (3) to apply changes.
When using PRO mode, grid functionality is automatically activated and displayed in the interface.
Select Grid in order panel.
- 1.Real or virtual orders: R - real orders. Order sent to the exchange. V - virtual orders. Order is created in terminal and only sent to the exchange when activation conditions are met.
- 2.Order types to place on the exchange: L - Limit F - Floating M - Market S - Stop Market T - Trailing
If you create and cancel multiple orders without execution as part of your strategy, we recommend choosing a virtual order type due to Binance's limit on the number of non-executed orders. More information.
You can adjust the number of real orders closest to current price in grid order settings.
In most cases "L" (Limit) order type is used.
- 1.Select Volume (sum) or Amount.
- 2.Enter the token volume or amount across all Grid orders.
Please note that volume of each order on the Grid must meet the minimum requirement set by exchange rules.
For example, if you assign the total Grid volume to 100 USDT and spread it evenly over 4 orders, each order's volume will be 25 USDT.
Disabled by default.
If a timeframe (1) is set, the system checks the candle's High/Low price at its close (based on item 2 selection). If the price has increased (for buying) or decreased (for selling), the grid border will be adjusted towards Close or High/Low price, leaving the other border in place:
Order grid volume distribution is controlled by this parameter.
For example, if Multiplier = 2, each subsequent order will be 2 times larger than the previous one, starting with the one closest to the trend. And if Multiplier = 0.5, then each successive order will be half the size of the previous one.
The default value is 1, which means that the quantity is evenly distributed among orders.
- 1.Order quantity multiplier.
- 2.Preview graph displays order quantity distribution.
- 3.Position's average price when all grid orders execute is shown. Grid's middle line can be hidden in settings.
Enter a specific volume or amount in the Grid to preview orders with those parameters.
- 1.Select Density or Step in %.
- 2.Specify value for selected option. By default is 1.
If 'Density' is selected and set to 1, orders will be evenly distributed in the grid. If set to a value greater than 1, orders will be concentrated closer to the grid´s end, and if less than 1, closer to the beginning.
Density = 1
Density > 1
Density < 1
When 'Step in %' is selected, Grid orders will be placed with a distance equal to specified percentage.
Last order price in grid is auto-calculated and non-editable.
Minimum 2 orders, maximum 30.
Customise start and end prices/percentages of order grid.
Change external orders prices on chart using the mouse.
Set auto-cancellation time in position settings to cancel orders automatically.
Grid order execution deactivates auto-cancellation.
To create a Grid, click "Сreate Grid" button.
After creating a Grid, a control box for the Grid appears on the right side of "1 order or grid" selection.
1. Edit an existing Order Grid by modifying Grid's order number or volume, and adjusting any other relevant parameters.
Click 'Modify Grid #1' after making changes.
2. Create new grid at current position.
3. Cancel selected Grid (Grid #1 in screenshot).
Modify order position on chart by clicking and dragging the order's left side.
- 1.Expand a position by clicking on the position line (excluding currency pair name). Clicking currency pair name will open currency pair chart.
- 2.Click on price field in the order list, modify price and press Enter, or click outside the field to save changes.
The following restrictions must be kept in mind when placing an order on an exchange:
- 1.minimum number of tokens per order
- 2.maximum number of tokens per order
- 3.not all orders on Grid are real
- 4.insufficient margin in futures market
- 5.minimum bid price
- 6.maximum bid price
- 7.minimum order size (price x quantity)
- 8.maximum order size (price x quantity)
- 9.number of executed orders relative to the number of cancelled orders must be greater than 0.01%.
The first 4 limitations are the most common.
Do you have any questions? We can help you in our Telegram chat.
Last modified 2mo ago