Why do you need TWAP Bot
TWAP, also known as time weighted average price algorithm, is the simplest traditional algorithmic trading strategy.
The purpose of TWAP strategy design is to provide a lower average transaction price while minimizing the impact of the transaction on the market, so as to achieve the purpose of reducing transaction costs.
How to use TWAP on Pionex
Open Pionex App and select TWAP from the list of trading tools.
Simply input 2 parameters: How often to sell/buy and Transactions, and the TWAP will be ready. Pionex lets you choose one of 5 different times for the TWAP strategy: 10s, 30s, 1m and 5m.
TWAP will place an order according to your configuration.
Example of using a TWAP Bot
Buying example: Someone chooses the ETH/USDT trading pair and creates TWAP bot, the time frequency is set to 10 seconds, the purchase amount is 1000 USDT each time, and the total investment amount is 100,000 USDT. Then the bot will sequentially buy 1000USDT every 10 seconds, a total of 100 times.
Selling example: Someone chooses the ETH/USDT trading pair and creates TWAP bot, the time frequency is set to 10 seconds, and each time 1 ETH is sold, the total sold amount is 100 ETH. Then the bot will sequentially sell 1 ETH every 10 seconds, for a total of 100 sales.