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Beginner's Guide
Advanced Limit Order
Advanced Limit Order is an upgrade on the Limit Order, which adds Auto Cancel and Maker Only. When you choose Auto Cancel, the system will place your order in the market at the price you set and cancel your order whether it is executed 100% or not. When you choose Maker Only, your order will not be placed into the market immediately and the system will guarantee that your order is to be executed as Maker. If your order is to be executed as Taker immediately, it will be canceled automatically. For example, If you choose Auto Cancel in BTC/USDT trading pair and the first ask order is 1 BTC at 5261 USDT. You choose to buy 0.5 BTC at 5261 USDT using Auto Cancel, and the first ask order is 1 BTC then you will buy 0.5 BTC at 5261 USDT. You choose to buy 2 BTC at 5261 USDT using Auto Cancel, and the first ask order is 1 BTC then you will buy 1 BTC at 5261 USDT. The rest of the order will be canceled automatically. You choose to buy 1 BTC at 5000 USDT using Auto Cancel, and the first ask price is 5261 USDT then your order will not be executed, and the rest of the order will be canceled automatically. If you choose Maker Only in BTC/USDT trading pair, and the first ask order is 1 BTC at 5261 USDT. When you choose to buy 1 BTC at >= 5261 USDT and if your order is to be executed with a pre-existing order immediately then the order you place will be automatically canceled. When you choose to buy 1 BTC at < 5261 USDT. Your order will be listed if it is not executed with a pre-existing order
Update time: 2022.07.11 08:30:50
Iceberg Order Instructions
Split a large Buy/Sell order into several small orders at order prices adjusted based on real-time price fluctuations to reduce the impact on the market price. Case 1:Iceberg Buy Order Investor A can set an "Iceberg Order" if he intends to buy an amount of BIX equivalent to 100 ETH with minimal impact on the market price. Set the order to buy 100 ETH and the average amount of each split order to be 0.1 ETH (The actual order amount would fluctuate between 90% and 110% of the average amount). You may also adjust the price variance and set the maximum purchase price. Click on “Buy” and the system will implement the Iceberg Order for Investor A: - The total order amount will be the "Total Amount" set by Investor A - Each Order Amount of the Iceberg Order will be 90%-110% Of Avg. Amount set by Investor A - The Order Price will be "Price * (1 - Price Variance)" - And a new order will be created after the previous one has been made under the above rules - The order will be automatically cancelled and re-ordered if the difference between the "real-time price" and the order price exceeds "The real-time price * (1 - Price Variance*2)" - The order will be suspended if the "real-time price" exceeds the "price limit" set by Investor A and will resume when the real-time price is lower than the price limit. - The order will be automatically suspended when the "Total Trade Volume" of the order reaches the "Order Amount". -------------------------------------------------------------------------------------------------------------- Case 2:Iceberg Sell Order Investor A can set an "Iceberg Order" if he intends to sell 5,000 BIX without affecting the market to prevent decrease in his revenue in the case of price decrease. Set the order to sell 5,000 BIX and the average amount of each split order to be 150 BIX (The actual order amount would fluctuate between 90% and 110% of the average amount). You may also adjust the price variance and set the minimum sell price. Click on “Sell” and the system will implement the Iceberg Order for Investor A: - The total order amount will be the "Total amount" set by Investor A - Each Order Amount of the Iceberg Order will be 90%-110% Of Avg. Amount set by Investor A - The Order Price will be "Price * (1 + Price Variance)" - And a new order will be created after the previous one has been made under the above rules - The order will be automatically cancelled and re-ordered if the difference between the "real-time price" and the order price exceeds "The real-time price * (1 + Price Variance*2)" - The order will be suspended if the "real-time price" is lower than the "price limit" set by Investor A and will resume when the real-time price is higher than price limit. - The order will be automatically suspended when the "Total Trade Volume" of the order reaches the "Order Amount". Enjoy trading on Bibox! Bibox Team 2018-06-05
Update time: 2022.07.11 08:30:50
Stop Profit/Loss
Stop Profit: When the market spot price is higher than the trigger price you set, the system will sell a portion of cryptocurrency to maintain and maximize the level of profitability. Stop Loss: When the market spot price is lower than the trigger price you set; the system will sell a portion of cryptocurrency to avoid a greater loss. It is intended to minimize the loss when your investment strategy is wrong. In conclusion, Stop Profit/Loss will automatically execute users’ orders according to the preset parameters. When Stop Profit/Loss is triggered, the system will only execute your available cryptocurrency. Stop Profit/Loss will fail when the available cryptocurrency is less than the minimum required For example: 1. Take BTC/USDT as an example. The BTC spot price is 5000 USDT. You suspect it can reach 4000 USDT when falling to 4800 USDT. To minimize the loss, you can set the trigger price at 4800 USDT and sell your BTC at 4750 USDT. 2. Take BTC/USDT as an example. The BTC spot price is 5000 USDT. You expect it to reach 6000 USDT when reaching 5100 USDT. To maximize the profit, you can set the trigger price at 5100 USDT and sell your BTC at 5150 USDT. 3.Take BTC/USDT as an example. The BTC spot price is 5000 USDT. You expect it to bounce back to 5300 USDT when falling to 4800 USDT. You then place a limit order to buy 1 BTC at 4800 USDT and set a Stop Profit order at 5300 USDT. When the price reaches 4800 USDT you succeed in buying 1 BTC. The Stop Profit will also be triggered to sell the 1 BTC when the price rises to 5300 USDT. You cannot buy 1 BTC at 4800 USDT when the spot price only falls to 4900 USDT. If there is no BTC balance, then the Stop Profit/Loss order will fail even when the spot price reaches 5300 USDT. Step 1: Step 2:
Update time: 2022.07.11 08:30:49