What is a Basket Order?
A basket order is a convenient order tool that simplifies your trading experience. It allows you to bulit a portfolio with multiple trading pairs, effortlessly set fund allocation ratios, and place a basket order with just a few clicks.
How to Set Up a Basket Order?
There are two ways to add trading pairs to a basket order:
You can directly add pairs from your favorites list to the order.
Alternatively, you can customize and add pairs manually.
You can set the fund allocation ratio for the basket order. The funds are evenly distributed to each pair by default. but you can also allocate funds based on the pairs' Market Cap % or Supply %. Custom ratios are also supported.
After allocating the total investment amount, the system will distribute the funds to each trading pair according to the set ratio.
The system allows you to set entry prices using the following options.
Order Book Price： Place limit orders at the current order book price; buy orders at the Bid1 price and sell orders at the Ask1 price. Due to rapid changes in the order book, immediate execution is possible. Please be aware of the risks.
Retracement Percentage： Place a limit order after retreating a certain percentage from the current transaction price. For example, for buy orders: Limit order price = Current transaction price * (1 - Retracement percentage).
Once everything is set, the system will calculate the entry prices and order quantities for each trading pair, and then place the orders in bulk. You can manage the subsequent orders in the “Active Orders” tab.
