Order Entry Fields

Quantity Field

Enter the amount. If percentage is clicked, it will turn blue. This will enable an order to be sent based on the available balance at the time the order is sent to the triggered.

If percentage is not clicked, it will send an exact amount to the exchange.

Cool Functionality

The percentage function is particularly useful, when you have many orders at the exchange and do not how much you will have available at the time of the order triggered.

Before the order is sent to the exchange, Muunship will automatically access how much available balance is available before sending to the exchange.

Prompt Field

This field tell Muunship how to send the order when it is triggered

Ladder Orders

This Order lets you quickly input orders at multiple levels. If percentage is checked at the limit price field, then it will enter order at percentage distance from the current price.

If Limit Buy Order is selected as an order type, then it will input an order a percentage below the current price.

If Limit Sell Order is selected as an order type, then it will input an order a percentage above the current price.

If Stop Buy Order is selected as an order type, then it will input a percentage above the current price.

If Stop Sell Order is selected as an order type, then it will input a percentage below the current price.

If Trail Stop Buy Order is selected as an order type, then it will input a percentage above the current price.

If Trail Stop Sell Order is selected as an order type, then it will input a percentage below the current price.

Percentage Fields

Distribute the amount of the ladder orders. This is based on the total quantity field. This field will take a percentage from the total allocated Quantity Field.

Add Scale

This Order is the same as the Add Ladder orders. It is just a different and quicker way to enter orders if you do not require exact precision of the limit order. It is also useful if you like to input many order.

Scale function increase in value as the order is further away from the current price.

# of Orders Field: Enter the number of Orders that you would like to send to the exchange.

First Quantity: Enter the amount that you would like to enter as first order.

Quantity Multiplier: This is based on the first order quantity amount. This is a multiplier. It will take the first quantity and multiply by the number that you enter in this field. If you input 2 in this field and enter 10 in the First Quantity, then next order quantity will be 20. The next order quantity will be of the previous amount. Since now the previous amount of order 20, then next order quantity will be 40, and so on. This order type is also known as a martingale order.

Usually traders in a quantity multiplier of 1.2, or 1.5 , or 2. But you can choose which every you feel comfortable.

First Price: This will enter the first order X percentage away from the current price.

Price Deviation: This is the same as the quantity multiplier but this will deviate a percentage away from the first price. The higher the number the farther apart will be every order.

NOTE

If you are unsure how the order will look like, use the paper trading field to display the order to make sure you have entered it as you wish. The Paper Trading field is a dummy order and will not execute.