Let's analyze the principle of operation using the example of buying 6 MANA in the 6 MANA pair. Select
Fin the order creation form and enter the amount
Bottom SELL price is ASK =
2.2420Top BUY price is BID =
2.2418Tick price =
Bot create LIMIT order at price
BID + 1 Tick priceIn our example, this is the price =
2.2418 + 0.0001 = 2.2419
If the order has not been fully executed and a limit order of another market participant is placed above our order, then the system with a small timeout set in the settings will move the order above the current price. This will happen until the order is fully executed or canceled, according to the limits set in the settings.
If during permutations the order became less than the minimum, then depending on the setting, the next permutation will be the size = the minimum order, or the order will be canceled or remain at the current price awaiting execution.
The behavior of the system when selling is similar, only the price of the initial order =
ASK - 1 Tick price
Floating order is configured in the Setting menu in the Trading section
The rearranging of an order begins after timeout is over, if an order price is not a bottom price in the order book
If the maximum awaiting time is reached and order is not filled it will be canceled.
Maximum price deviation in % from the initial, after exceeding it the order will be canceled
Action with a rearranging dust order (order sum is less than minimum)
- Await till execution
- Increase to the minimum sum
- Cancel a dust order
The commission for the order of Floating order can be either a Taker (0.04%) or a Maker (0.02%). There is no attribute for the order type - post only. It is not possible to make a 100% commission of the maker type (0.02%). This is a compromise to enter at a better price.
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