Advanced Orders

Beyond Limit and Market, the Trade Entry widget has three execution algorithms — TWAP, Scale, and Chase — plus trigger-based Stop Loss / Take Profit. All run client-side from your browser.

TWAP

Time-Weighted Average Price slices an order into small child orders sent at a fixed interval, spreading execution over time to reduce market impact.

Configuration

• Size per interval — child-order size sent each tick
• Interval — seconds between child orders (minimum 1s)
• Max total size (optional) — stop once this cumulative size is reached
• Duration (optional) — stop after this many minutes
• Price limit (optional) — skip ticks worse than this price
• Maker-only (optional) — post child orders as maker

A running TWAP shows live progress (orders sent, size executed) and can be cancelled at any time.

Use cases

• Accumulating or distributing a large position without moving the market
• Reducing slippage on size that would sweep the book
• Staying less visible than a single large order

Scale Orders

Scale (ladder) places a series of limit orders stepped across a price range.

Configuration

• Total size — distributed across all orders
• Order count — how many limit orders (minimum 2)
• Spacing (%) — percentage gap between each price level
• Start price (optional) — where the ladder begins; defaults to market

Size is distributed evenly across the levels. If some orders fail, the widget reports how many were placed.

Use cases

• Building a position across multiple support/resistance levels
• Catching wicks
• Averaging into or out of a position

Mode: Scale (Buy)
Total Size: 1 BTC
Orders: 5
Spacing: 2%
Start: market
→ 5 limit buys, 0.2 BTC each, stepped 2% apart

Chase Orders

Chase keeps a resting maker order pegged to the top of the book, re-pricing it as the market moves so you stay at the front of the queue without crossing the spread.

Configuration

• Peg — where to sit relative to best bid/ask:
  • Join best — match the best bid/ask
  • Step ahead +1 — one tick more aggressive (front of queue)
  • Step behind -1 — one tick more conservative
• Price limit (optional) — never chase past this price
• Max price offset (%) (optional) — cap how far from the start price it will follow
• Reprice floor — minimum milliseconds between re-prices (each exchange has its own floor)
• Max runtime (optional) — stop after this many minutes
• Reduce-only (optional) — use to close a position at maker prices

Chase amends the resting order in place as the book moves, so you don't pay the spread to stay competitive. Cancel it anytime.

Use cases

• Getting filled as a maker on a fast-moving symbol
• Exiting a position without taking liquidity
• Working size at the touch while capping how far you'll follow

Stop Loss & Take Profit

Trigger-based, reduce-only orders that close a position when price reaches your level. See Order Types for standalone stops and for attaching TP/SL on entry.

• Stop Loss — closes when price crosses your stop trigger
• Take Profit — closes when price reaches your target trigger
• Attached TP/SL — set both on entry and they're placed automatically alongside your order

Best Practices

TWAP

• Use for size that would move the market on a single fill
• Longer intervals and durations mean less impact
• Add a price limit to avoid executing into a spike

Scale

• Place levels at logical support/resistance
• Don't over-concentrate size at a single level
• Cancel unfilled orders if your thesis changes

Chase

• Set a price limit or max offset so it can't chase a runaway market
• Respect the exchange's reprice floor — chasing too fast just wastes rate limit
• Use reduce-only when closing so it can only shrink the position