Accumulation and distribution order types allow you to schedule automatic Buy (Accumulation) and Sell (Distribution) order placements between the highest Buy orders and lowest Sell orders which currently exist on a market. This ensures that your orders hold the best possible position on the order book as a buyer or a seller because trades on your orders will be executed at the highest possible price (Sell) or lowest possible price (Buy).
On placement of this order type, you will also specify the desired amount of a coin you wish to buy (accumulate) or sell (distribute), i.e. the process of automatically placing orders will continue until this specified amount has been reached as a result of trades on these placed orders. In addition, Accumulation and distribution orders can be fully customized according to your needs and desired outcomes through various other settings which can be specified on placement as outlined below.
A Distribution/Accumulation order type is, therefore, a process that will automatically place Buy or Sell orders based on the settings specified by you and what is happening in the market on which it was placed until you have bought/sold your desired amount of a coin.
How Accumulation and Distribution orders work.
How Accumulation/Distribution orders work will be determined by your settings specified on placement and changes in a market as a result of trading by other users. The settings and situations which could influence the placement of orders are outlined below:
The following settings and combinations thereof can be specified on placement:
The following requirements relating to the settings above apply:
The following general rules apply to the placement of orders through Distribution and Accumulation order types and interactions with markets exist:
PLEASE NOTE: Placing a Distribution and Accumulation order will result in the system automatically placing orders on your behalf based on the settings that were specified until your specified amount has been received or sold. The system will, therefore, be performing trades and spending your money on your behalf. It is essential that your settings are 100% correct as we are unable to refund or cancel any live orders or trades which resulted from placing Distribution and Accumulation orders, so please take care when placing these order types.
While this topic outlines what Distribution and Accumulation orders are and how they work, it is recommended that you also read through the following topics to gain a better understanding and receive further assistance:
Distribution and Accumulation order examples - Provides examples of an Accumulation and Distribution process and illustrates how specified settings and market situations influence the order placement process.
How to place a Distribution or Accumulation order - A tutorial on how to place these orders.
How to cancel a Distribution or Accumulation order - A tutorial on how to cancel these orders.
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