News

OKX Introduces Smart Iceberg Trading Bot Strategy For Large Scale Trading

Key Points:

  • OKX has introduced a new Iceberg Trading Bot strategy to help users with large trade sizes achieve the best results.
  • In the nyaf upgrade, the option of pending orders and pending orders, starting conditions and many other core upgrades has been added.
  • OKX New Iceberg has the advantages of large order separation, hidden trading, reduced slippage, custom pending order options.
According to official news, in order to improve users’ trading experience, OKX intends to launch a new iceberg strategy at 4:30 pm (HKT) on July 13, 2023, adding a pending order option and number of pending orders, starting conditions and many other core upgrades.

The core upgrade changes are as follows:

  • Added “Pending Order Option”: Support users to choose according to their needs: trade faster/trade faster with better price/queue
  • Added “Number of Pending Orders”: Support user to display up to 5 pending orders in order book
  • Added “starting condition”: user selection support: instant trigger/price trigger/RSI trigger

Once online, the user opens the OKX app, selects the trade button at the bottom of the page, and clicks on the strategy to enter the strategy page, click on the large order split in the strategy creation section, and select the iceberg strategy to enter OKX’s new iceberg page. Or you can open the official OKX website, through the trade button in the navigation bar, select Create Strategy in Strategy Trading in the drop-down box, and then select an iceberg strategy.

It is known that OKX Bingshan’s entrustment strategy is the strategy of breaking up large orders and placing orders in batches. It can help users customize their options when it comes to bulk transactions and complete splits of large orders.

It is capable of concealing transaction intent and reducing Cost reduction, slippage reduction and market price volatility have become one of the preferred strategies of large trading users in the market.

Users are advised to switch to the new iceberg strategy as soon as possible, the original iceberg strategy will be offline within a month.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Victor

Recent Posts

A Missed Moment with Cardano? Here’s Why Qubetics at $0.0212 Could Be Your Perfect Timing – Explore the Best Crypto to Join Now

If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…

25 minutes ago

Shiba Inu Price Clears Path To New ATH Of $2 As WallitIQ (WLTQ) Takes The Lead With A 23,000% Surge

The Shiba Inu price is on track to reach a new ATH of $2, while…

25 minutes ago

Best Crypto Presales to Watch This November: Get in Early on These Potential Breakout Coins

So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…

4 hours ago

Robinhood Crypto Now Supports Solana Trading Again

Robinhood Crypto has expanded its U.S. platform with the addition of Solana, Pepe, Cardano, and…

9 hours ago

Missed Out on Chainlink Early Gains? This Layer-1 Project is Set to Explode to $15 After Mainnet Launch

If you’ve been following the crypto space, you already know that Chainlink (LINK) has been…

9 hours ago

This website uses cookies.