The scaled order feature is available for all perpetual contracts (including USDT-M and BTC-M contracts). This feature allows users to set a specific price range and place multiple limit orders within this range according to a specified amount distribution model in a single operation.
For a buy scaled order, lower prices will be triggered as the market price falls, while for a sell scaled order, higher prices will be triggered as the market price rises. Scaled orders can help secure an optimal average price when opening or closing positions or control the distribution and variation of orders within a specific price range. Here’s a step-by-step guide.
Web Version
1. Place Order
Step 1: Select the contract to be traded on the trading page and click on “Scaled Order” in the order area.
Step 2: Create your scaled order according to the following parameters.
- Position Mode: Ensure the position mode preference of the selected contract is consistent.
- Lowest Price: The lower limit of the scaled order’s price range.
- Highest Price: The upper limit of the scaled order’s price range.
- Number of Orders: Total number of sub-orders in the scaled order, ranging from 2-10.
- Total: The total amount of the order.
- Amount Distribution: The method to distribute the amount, including Flat, Ascending, or Descending. The default is Flat.
- Flat: Each sub-order is allocated an equal amount, and orders are placed at evenly spaced prices.
- Ascending: The amount per order increases by an equal quantity as the price rises.
- Descending: The amount per order decreases by an equal quantity as the price rises.
- Reduce-Only: It is only applicable for perpetual futures trades in one-way mode. In hedge mode, for closing orders, traders can switch to the “Close” tab to create a scaled order.
Step 3: Double check all the order information you have entered.
2. View / Cancel Orders
After a successful order placement, you can view current unfilled scaled orders in the “Open Orders” - “Limit” on the trading page. Orders that have been fully filled or canceled can be viewed in the “Order History”. You can also click the “Details” button to edit the scaled order or click the “Cancel” button to cancel the scaled order.
3. Query Historical Order Records
Completed or canceled scaled orders will be displayed in the “Order History”, where you can view historical order records. You can also select the “Limit｜Market” button to view detailed information about scaled orders.
App Version
1. Place Order
Step 1: Select the contract to be traded on the trading page and tap to expand more order types in the order placement area, then select “Scaled Order”.
Step 2: Create your scaled order according to the following parameters.
| Parameter Name | Description |
|---|---|
| Position Mode | Ensure the position mode preference of the selected contract is consistent. |
| Lowest Price | The lower limit of the scaled order’s price range. |
| Highest Price | The upper limit of the scaled order’s price range. |
| Number of Orders | Total number of sub-orders in the scaled order, ranging from 2-10. |
| Total | The total amount of the order. |
| Amount Distribution | The method to distribute the amount, including Flat, Ascending, or Descending. The default is Flat. |
| - Flat: Each sub-order is allocated an equal amount, and orders are placed at evenly spaced prices. | |
| - Ascending: The amount per order increases by an equal quantity as the price rises. | |
| - Descending: The amount per order decreases by an equal quantity as the price rises. | |
| Reduce-Only | It is only applicable for perpetual futures trades in one-way mode. In hedge mode, for closing orders, traders can switch to the “Close” tab to create a scaled order. |
Step 3: Double check all the order information you have entered.
2. View / Cancel Orders
After a successful order placement, you can view the scaled orders in the “Open Orders” - “Limit” at the bottom of the trading page. Orders that have been fully filled or canceled can be viewed in the “Order History.” You can also check the filled parts in “My Trades.”
To edit or cancel an order, you can tap the “Edit” or “Cancel” button next to the order in the “Open Orders”.
3. Query Historical Order Records
Completed or canceled scaled orders will be displayed in the “Order History”. You can tap the bill icon on the right of “Open Orders” at the bottom of the trading page to view historical orders. Below is an illustration of the scaled order history info:
Example
Assume that the current market price of BTCUSDT is 15,000 USDT, and User A wants to open a long position with 1 BTC. User A chooses a scaled order and sets the following parameters:
Total Order Amount: 1 BTC
Number of Orders: 10
Amount Distribution Model: Flat
Each Sub-Order Amount: 0.1 BTC
Price Range: 10,000 - 20,000 USDT
Price Variance: 1111.1 USDT
Average Buy Price: (10000 + 11111.1 +…20000)/10 = 15000 USDT
After submission, 10 limit orders are placed in the order book. The first order for 0.1 BTC is at 10,000 USDT, with subsequent orders at 11,111.1 USDT, 12,222.2 USDT, 13,333.3 USDT and so on, until the last order is at 20,000 USDT. Once the market price exceeds 20,000 USDT, all orders are fully filled at an average price of 15,000 USDT.
Please note: If the current market price is better than the sub-order price, allowing it to be immediately filled, it will be labeled as ‘Filled Immediately’ in the scaled order preview.
Gate reserves the final right to interpret the product.
