Scale Order

外汇网2021-06-19 14:05:17 40

A type of order that comprises several limit orders at incrementally increasing or decreasing prices. If it is a buy scale order, the limit orders will decrease in price, triggering buysat lower prices as the price starts to fall. With asell order, the limit orders will increase in price, allowing the trader to take advantage of increasing prices, thereby locking in higher returns.

Taobiz explains Scale Order

For example, if a trader believes that a stock will fall over the course of the day, a scale order will help him or hertake advantage of the lower price if thepdiction is correct. If the trader wants to purchase 1,000 shares of the company, he or shemay scale the limit orders so that 100 shares are bought for every $0.50 fall in price.

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