Advanced Settings

The Advanced Settings allow traders to fine-tune execution parameters, providing greater control over order behavior. While preset strategies offer convenient deployment, advanced settings enable traders to customize execution according to their specific trading objectives. Each strategy in the platform is built on execution trajectory and additional configurable parameters, allowing for a tailored approach to market execution.

Key Configurations

• Trajectory – Defines the execution schedule of an order, determining how trades are distributed over time.

• Participation Rate Target – Sets the desired market participation rate, dynamically adjusting execution to stay on target.

• Participation Rate Limit – Restricts the maximum percentage of market volume an order can engage with at any given time.

• Spot Leverage – Enables margin trading for spot orders (applicable for Bybit; other exchanges manage leverage separately).

• Passiveness – Adjusts how far limit orders are placed from the market price, impacting execution speed and price efficiency.

• Discretion – Introduces controlled randomness to execution, reducing predictability and minimizing market impact.

• Alpha Tilt – Skews execution timing by front-loading or back-loading the order based on market expectations.

• Max OTC Percentage – Defines the portion of an order that can be executed via OTC (over-the-counter) channels instead of public markets, reducing market impact and exchange fees.

• Max Clip Size – Sets the maximum size of passive orders, managing visibility and execution speed.

• Passive Only – Ensures that all orders are maker orders, preventing the engine from taking liquidity.

• Active Limit – Allows limit orders to be dynamically placed at more aggressive prices, continuously adjusting with market movements.

• Reduce Only – Ensures orders only decrease an existing position, preventing unintended increases.

• Strict Duration – Stops execution at the specified time, regardless of whether the full target quantity has been executed.