The maximum number of steps is determined by your portfolio value. The limitation comes from the fact that orders are placed with linearly increasing amounts where the smallest (the nearest two orders to the starting point, i.e. “Cycle Reset”) are larger or equal to the minimal amount placed on the orders as required by the exchange.
In general, increasing the number of orders increases the chances of a given order to be executed, but it also slightly reduces the average price of all the orders – there is a small trade-off.
Ideally, you would place only one order at the top and buy back at the bottom. But if you don’t know which is coming first, you have to split your funds. If you are not sure of future tops and bottoms, you should put more orders in the selected range.
General rule is that for a wider trading range you select more steps.Prev Next