{"id":3217,"date":"2019-06-16T17:42:08","date_gmt":"2019-06-16T12:12:08","guid":{"rendered":"https:\/\/www.trailingcrypto.com\/support\/?post_type=article&#038;p=3217"},"modified":"2020-12-20T17:24:10","modified_gmt":"2020-12-20T11:54:10","slug":"instant-order-alternative-market-order","status":"publish","type":"article","link":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order","title":{"rendered":"Instant Buy and Sell."},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f857cb3147e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f857cb3147e\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order\/#Instant_order_%E2%80%93_An_alternative_of_Market_Order\" >Instant order &#8211; An alternative of Market Order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order\/#How_to_Place_Instant_order\" >How to Place Instant order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order\/#Hypothetical_Example\" >Hypothetical Example<\/a><\/li><\/ul><\/nav><\/div>\n<h4><span class=\"ez-toc-section\" id=\"Instant_order_%E2%80%93_An_alternative_of_Market_Order\"><\/span>Instant order &#8211; An alternative of Market Order<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Instant order is custom made proprietary Growlonix order which tries to simulate market order and tries to fulfill the order in multiple attempts. Instant order first place a limit order on exchange at market price(Bid\/Ask\/Last as defined by user). If limit order doesn\u2019t fulfill or partially fill, then Growlonix cancels that limit order and place a new order with the lower price for a sell order and higher price for a buy order. The new limit order is placed at the currnet price multiplied with instant factor (formulate given below). This cycle will continue until the order is filled or 10 attempts (max retry limit) reached. One obvious advantage of using Instant Order over Market order is lesser trading fees. Limit orders generally have lesser trading fees compared to market order which is essential if someone is doing scalping trades.<\/p>\n<p>By default, the instant multiplier is 1 but one can override this value using Advance Option<\/p>\n<p><strong>Default Multiplier: 1<\/strong><br \/>\nExample using default multiplier<br \/>\nSell price = current price * 0.99<br \/>\nBuy price = current price * 1.01<\/p>\n<blockquote><p><strong>Complete Formulae:<\/strong><br \/>\nSell price = current price * (((100 &#8211; multiplier)\/100) ^ sell attempt)<br \/>\nBuy price = current price * (((100 + multiplier)\/100) ^ buy attempt)<\/p><\/blockquote>\n<p>Minimum Multiplier = 0.05<br \/>\nORDER_MAX_RETRY = 10<\/p>\n<p><span style=\"color: #ff6600;\">Note<\/span>: <em>Presently this order is only available on <strong>bittrex, Binance, Binance Margin, Binance Futures<\/strong>.<\/em><\/p>\n<h4><span class=\"ez-toc-section\" id=\"How_to_Place_Instant_order\"><\/span>How to Place Instant order<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>From the drop-down menu select Instant buy or sell.<\/li>\n<li>Select your base currency and quote currency<\/li>\n<li>Enter the quantity (of quote coin) in \u201c<b>Quantity<\/b>\u201d\/\u201c<b>TOTAL<\/b>\u201d which you want to buy or sell.<\/li>\n<li>From Advance option set instant multiplier e.g. 0.5, 1, 2<\/li>\n<li>Place the order by clicking on the submit order.<\/li>\n<\/ul>\n<div id=\"attachment_3218\" style=\"width: 310px\" class=\"wp-caption alignleft\"><img aria-describedby=\"caption-attachment-3218\" class=\"wp-image-3218 size-medium\" data-original=\"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.56-PM-300x282.png\" alt=\"\" width=\"300\" height=\"282\" \/><p id=\"caption-attachment-3218\" class=\"wp-caption-text\">Instant Sell<\/p><\/div>\n<div id=\"attachment_3220\" style=\"width: 310px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3220\" class=\"wp-image-3220 size-medium\" src=\"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM-300x280.png\" alt=\"\" width=\"300\" height=\"280\" srcset=\"https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM-300x280.png 300w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM-480x448.png 480w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM-362x338.png 362w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM-434x405.png 434w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM-306x285.png 306w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.23.59-PM.png 490w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-3220\" class=\"wp-caption-text\">Instant Buy<\/p><\/div>\n<div id=\"attachment_3219\" style=\"width: 310px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3219\" class=\"wp-image-3219 size-medium\" src=\"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.20-PM-300x98.png\" alt=\"\" width=\"300\" height=\"98\" srcset=\"https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.20-PM-300x98.png 300w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.20-PM-480x157.png 480w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.20-PM-580x189.png 580w, https:\/\/www.growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.20-PM.png 597w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-3219\" class=\"wp-caption-text\">Instant multipler<\/p><\/div>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Hypothetical_Example\"><\/span><strong>Hypothetical Example<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>For e.g., if the instant sell order is placed with the multiplier 0.05 and the current market price is $100. In this case, a first limit sell order will be placed at <strong>100 * (((100 &#8211; 0.05)\/100) ^ 1) = 99.95<\/strong>, if this order doesn\u2019t fulfill in 50 milliseconds, this limit order will be canceled and a new limit sell order will be placed at <strong>100 * (((100 &#8211; 0.05)\/100) ^ 2) = 99.9<\/strong>. If the order is not filled at this price a new limit order will be placed at <strong>100 * (((100 &#8211; 0.05)\/100) ^ 3) =99.85<\/strong>. This process will go in a loop until the order is completely filled or 10 attempts reached.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Instant order &#8211; An alternative of Market Order Instant order is custom made proprietary Growlonix order which tries to simulate market order and tries to fulfill the order in multiple attempts. Instant order first place a limit order on exchange at market price(Bid\/Ask\/Last as defined by user). If limit order doesn\u2019t fulfill or partially fill, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","article-category":[31],"article-tag":[],"class_list":["post-3217","article","type-article","status-publish","format-standard","hentry","article-category-order-types"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Instant Buy and Sell. - Growlonix<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Instant Buy and Sell. - Growlonix\" \/>\n<meta property=\"og:description\" content=\"Instant order &#8211; An alternative of Market Order Instant order is custom made proprietary Growlonix order which tries to simulate market order and tries to fulfill the order in multiple attempts. Instant order first place a limit order on exchange at market price(Bid\/Ask\/Last as defined by user). 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Instant order first place a limit order on exchange at market price(Bid\/Ask\/Last as defined by user). If limit order doesn\u2019t fulfill or partially fill, [&hellip;]","og_url":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order","og_site_name":"Growlonix","article_publisher":"https:\/\/www.facebook.com\/growlonix\/","article_modified_time":"2020-12-20T11:54:10+00:00","og_image":[{"url":"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.56-PM-300x282.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_site":"@growlonix","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order","url":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order","name":"Instant Buy and Sell. - Growlonix","isPartOf":{"@id":"https:\/\/www.growlonix.com\/support\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order#primaryimage"},"image":{"@id":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order#primaryimage"},"thumbnailUrl":"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.56-PM-300x282.png","datePublished":"2019-06-16T12:12:08+00:00","dateModified":"2020-12-20T11:54:10+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.growlonix.com\/support\/article\/instant-order-alternative-market-order#primaryimage","url":"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.56-PM-300x282.png","contentUrl":"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2019\/06\/Screenshot-2019-06-16-at-5.24.56-PM-300x282.png"},{"@type":"WebSite","@id":"https:\/\/www.growlonix.com\/support\/#website","url":"https:\/\/www.growlonix.com\/support\/","name":"Growlonix","description":"Best Crypto Trading Bots &amp; Terminal","publisher":{"@id":"https:\/\/www.growlonix.com\/support\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.growlonix.com\/support\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.growlonix.com\/support\/#organization","name":"Growlonix","url":"https:\/\/www.growlonix.com\/support\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.growlonix.com\/support\/#\/schema\/logo\/image\/","url":"https:\/\/support.growlonix.com\/wp-content\/uploads\/2023\/11\/Group-44.png","contentUrl":"https:\/\/support.growlonix.com\/wp-content\/uploads\/2023\/11\/Group-44.png","width":8085,"height":1833,"caption":"Growlonix"},"image":{"@id":"https:\/\/www.growlonix.com\/support\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/growlonix\/","https:\/\/x.com\/growlonix","https:\/\/www.youtube.com\/@growlonix"]}]}},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"nice-template-blog":false,"nice-single-post":false,"nice-template-masonry-blog":false,"nice-template-search":false},"uagb_author_info":{"display_name":"Growlonix","author_link":"https:\/\/www.growlonix.com\/support\/author\/admin"},"uagb_comment_info":0,"uagb_excerpt":"Instant order &#8211; An alternative of Market Order Instant order is custom made proprietary Growlonix order which tries to simulate market order and tries to fulfill the order in multiple attempts. Instant order first place a limit order on exchange at market price(Bid\/Ask\/Last as defined by user). If limit order doesn\u2019t fulfill or partially fill,&hellip;","_links":{"self":[{"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/article\/3217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/article"}],"about":[{"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/types\/article"}],"author":[{"embeddable":true,"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/comments?post=3217"}],"version-history":[{"count":7,"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/article\/3217\/revisions"}],"predecessor-version":[{"id":3775,"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/article\/3217\/revisions\/3775"}],"wp:attachment":[{"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/media?parent=3217"}],"wp:term":[{"taxonomy":"article-category","embeddable":true,"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/article-category?post=3217"},{"taxonomy":"article-tag","embeddable":true,"href":"https:\/\/www.growlonix.com\/support\/wp-json\/wp\/v2\/article-tag?post=3217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}