# Note 1. Note 2. Create TWAP Order. Advanced settings TWAP Order.

1. Select the connected API key of the exchange on which the Algorithmic Order will be run. (mandatory field)
2. Select a currency pair from those available on the selected exchange. (mandatory field)
3. Select the side of the trade (Buy or Sell). (mandatory field)
4. Select the amount of base currency you plan to buy or sell. (mandatory field)
5. Set the strategy's aggressiveness parameter. Depending on the selected TWAP parameter, the order will execute with a Market, Passive Limit, or Aggressive Limit order. By default, the aggressive strategy is selected as Marketable.

• 5.1. Marketable - the strategy will use Market orders. This ensures that the entire TWAP volume will be executed when the strategy expires. However, it does not allow you to control the limit price ranges of the child-orders strategy (Max/Min Price parameter) and does not exclude possible price slippage during the execution of child-orders.
• 5.2. Last Price - The strategy will use the Last price limit of the order at the time of placing the child order. By using this parameter you will minimize the impact of possible price slippage, as it could be with market orders. But when the strategy expires, you may still have unexecuted child-orders and incomplete execution of the Total Size algo. order.
• 5.3. Top Ask Price - the strategy will use the Best Ask price limit of the order placed at the time of the child's order. By using this option, you will minimize the impact of possible price slippage, as it could be with market orders. But when the strategy expires, you may still have unexecuted child orders and incomplete execution of the Total Size algo. order.
• 5.4. Top Bid Price - the strategy will use the Limit Order at Best Bid price when the child order is placed. By using this option, you minimize the impact of possible price slippage, as could be the case with market orders and save commissions. But when the strategy expires, you may still have unexecuted child orders and incomplete execution of the Total Size of Algo order.

6. You can specify here how many parts you would like to divide your TWAP Algo Order. Please select the desired number from the list or manually type it by clicking in the input box. If you select 50, the total Size of the TWAP order will be split into 50 parts, and the system will send 50 orders. NOTE: This option also affects the time frame between each child-orders of the strategy. If you choose a strategy period of 60 minutes and the Order Count is 30, then the strategy will send child-orders every two minutes. Do not use too high values for this parameter, if the total Size of the Algo Order is small, exchange restrictions will be applied.
7. An auxiliary parameter that allows the total Size of the Algo Order to be unequally distributed between child-orders. These will make your bindings less noticeable to third-party algorithms since each child-order will have a different Size. By selecting Vary Amount equal to 10%, the Size of your strategy's child-orders will vary between -10%/+10% of what is expected. For example, if the total Size is 100 and Order Count is 100, all child orders will be sent with a Size range of 0.9 to 1.1.
8. Set the limit value of the desired execution price of the algorithmic strategy. For TWAP Buy, set the Max Price so that the system will not send orders with a price higher than the set price. For TWAP selling, set Min Price to prevent the system from sending orders below the set price. This option is only available for "Best Bid" and "Best Ask" conditions.
9. An additional strategy parameter that affects the child orders after the strategy expires. The default setting is Disallow. Select Disallow to cancel all active child orders after the strategy's End Time (Warning! When using a passive strategy in combination with Disallow, the TWAP order may not be executed by the full Size at the Expiration Time.) Select Allow to keep the active order open after the strategy's End Time and have the option to execute the entire strategy's Size at the end of the period (Warning! When the strategy expires, you should manually cancel all active child orders if you do not want them to be executed)
10. Select the Time Zone in which the algo strategy will run. Start Time and End Time will be set in the Time Zone you select. The default setting is Time Zone on your PC.
11. Select the start time of the strategy. Using this field, you can set a delayed start time for the Algo strategy. Warning! The start time of the strategy can ONLY be set from the next minute (you cannot set the past and the current start time). Use the " Update " button to auto-set the next-minute start time.
12. Select the end time of the strategy. Warning! It is possible to trigger a VWAP order with a time frame of at least 15 minutes and no more than 24 hours after the Start Time. The selected End Time should be at least 15 minutes longer than the Start Time.
13. The Available Balance of the Base Currency of the selected currency pair in the selected exchange account. Click on the Size field to automatically fill in the available balance.
14. The available balance of the Quoted currency for the selected currency pair on the selected exchange account.
15. Button to cancel the start of an algo order.
16. Button to confirm the triggering of an algo order with the set parameters.