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Cyclical Order

2019-01-16 15:56:11Read:16816

1. What is a cyclical order?

Cyclical order is a compound order to auto your market timing strategy in a volatile market by buying low and selling high , or selling high and buying low.

A cycle contains an (buy/sell) order(limit or market,limit order only at this time), a take profit order (limit order) and a stop loss (conditional) order.

The logic is as follows:

Step 1 .Place an order to buy (sell) a specific amount of a given coin.

Step 2. When the step 1 order fills fully, place a take profit order( at a predefined percentage of profit) to sell(buy) the coin of the same quantity; meanwhile, place a stop loss (conditional)order at a predefined percentage of loss;

Step 3. If the take profit order fills fully, the stop loss (conditional) order will not be triggered. This cycle ends and a new cycle starts from step 1 again.

Step 4. If stop loss (conditional) order is triggered, the take profit order is canceled. A stop loss order will be placed at the predefined loss percentage. If this stop order fills fully, it will suspend for a while( a preset interval) before it begin a new cycle from Step 1 again.

2. What is a Stop loss (conditional)order?

The stop loss (conditional)order will monitor market price changes. When the change range in the last price reaches predefined loss percentage, the stop loss (conditional) order is triggered and it will place a limit order to protect you from further loss.

If you place a buy order on Step 1, the stop loss (conditional) order will be triggered when:

Last price is = < the average price of order in step 1X(1- stop loss percentage)

If you place a sell order on Step 1, the stop loss(conditional)order will be triggered when:

Last price >= the average price of order in Step 1X(1+ stop loss percentage)

3. How to calculate the prices of the stop loss order and take profit order ?

If you buy in Step 1,

Take profit order price= average buy price X (1+ take profit percentage)

Stop loss order price=average buy price X(1-stop loss percentage)

If you sell in step 1,

Take profit order price= average buy price X(1- take profit percentage)

Stop loss order price=average buy price X (1+stop loss percentage)

4. What is a cycle and how to set the number of cycles?

A complete cycle starts from step1 and ends at the completion of a take profit or stop loss order. The predefined number of cycles is the maximum possible cycles a cyclical order might have . If cycles are set as zero, no cap for the number of cycles.

5. How to calculate a valid period?

The valid period is calculated from the time the order in step 1 is placed. At the end of the valid period, the cyclical order will expire and cancel the order it places.

6. Other instructions:

1) The cyclical order stops when it fails to place an order , be it an order in step 1, or a take profit/stop loss order.

2) If you cancel any limit order placed as part of this cyclical order, the cyclical order stops.

3) If order in step 1 partially fills, the cyclical order does not move further to the following step until it fills fully.

4) The cyclical order will cancel limit order it places when

(a) the valid period ends

(b) you cancel the cyclical order or any order placed as part of this cyclical order.