Order book trading bot for bitcoin
There are 2 basic requirements a Bitcoin broker has to meet to be able to handle such a highly specific type of trading order. The first requirement is an over average overall trading volume, so the Broker has to be one of the big players on the global crypto market. But the second requirement is a top level technical order system order book trading bot for bitcoin is able to handle specific automated orders, and that seems to be the sticking point as there are a couple of high volume exchanges or broker sites, but Bitcoin Iceberg orders are hard to find.
However, 2 of the biggest international Bitcoin broker platforms do offer the automated service of splitting big positions into smaller units and hiding the rest from the public order book. BitMEX is one of the largest Bitcoin brokers on earth and maybe even the most popular one among professional Bitcoin traders as the platform offers one of the most advanced trading systems available.
Set to 0 to create a completely hidden order or set to amount below order book trading bot for bitcoin total oder quantity to create an Iceberg Order. Bitfinex is one of the international high volume brokers besides Bitmex. The broker is known for their excellent management and top level security — a standard they reached after a bigger hack in Today Bitfinex is one of the first choices among professional traders. One of the reasons is their technical trading system, which reaches the highest possible standards concerning order types.
First you have to enable the Scaled orders within the Order Form. Advanced orders are not set by default to protect unskilled traders from accidentally setting scaled orders.
Then you get into the scaled order form for order book trading bot for bitcoin settings. First you chose the basics like pair, exchange or margin, buy or sell. Then you get these boxes:. Means to entire amount to split over multiple oders Oder Count: This means the number of orders to split the total amount into Price Lower: This is the lower price to start the range of orders Price Upper: This is the upper price to start the range of orders Hidden: Check to hide the orders Distribution: This setting controls the way the amount of your orders is distributed between each of the orders.
There are 3 options: Add variation into the amount of each order. Total amount remains the same. Add variation into the price of each order. Brokers with actual Bitcoin trading no CFDs offering advanced orders for big position traders and institutions: BitMEX Iceberg Order Order book trading bot for bitcoin is one of the largest Bitcoin brokers on earth and maybe even the most popular one among professional Bitcoin traders as the platform offers one of the most advanced trading order book trading bot for bitcoin available.
How Iceberg Orders work on Bitfinex: Bitfinex Iceberg Order Settings: Then you get these boxes: