Recurring Purchases
Overview
In this section, you can create schedules for a recurring execution of orders. In the Recurring Purchases table, you can view all Recurring Purchases, starting from the most recent.
In case there are insufficient funds on the account, orders get rejected. Make sure you have enough funds throughout the time range specified in the order form starting from the Start Date until the End Date (if specified).
Refer to Trading to get familiar with other trading features of the application.
Flow
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Trader fills in the Recurring Purchases form to create a recurring purchase task.
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When operation is APPROVED, it acquires an IN PROGRESS state and you can see a progress bar in the Progress column (if the End Date is specified).
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At Start Date, orders start being placed according to the configured Periodicity. At this moment, the corresponding account balance must be positive. Otherwise, orders will get rejected. Note: a rejection of any order in a sequence of orders does not cause the failure of the entire recurring purchase task.
Executed orders can be viewed in the Closed Orders report.
Create Recurring Purchase
To create a recurring purchase, specify order details and the recurring periodicity.
Refer to Order Form to view the description of order form parameters.
Recurring Purchase Task Parameters
| Parameter | Description | Required |
|---|---|---|
| Symbol | Select symbol you want to trade. | Yes |
| Order Type | Select order type. Note: currently, market order is the only supported order type. | Yes |
| Order Side | Define your order as Buy or Sell. | Yes |
| Quantity | Enter the size of the order in the base currency units. | Yes |
| Destination | Select the order destination exchange from the list of available exchanges. | Yes |
| Recurring Staking | Specify the name of the staking plan to create recurring staking along with the recurring purchase. Important: for SELL orders, only staking plans in the TERM currency can be specified; for BUY orders, only staking plans in the BASE currency can be specified. | Optional. This field can be enabled/disabled in the form. |
Periodicity Parameters
| Parameter | Description | Required |
|---|---|---|
| Start Date | Use the time picker to set the time and date when you want to start sending orders. | Yes |
| End Date | Use the time picker to set the time and date at which you wish to halt the sending of orders. | No |
| Period | Provide a definition of the time interval, in seconds, for sending out orders. | Yes |
Account balance must be positive at the moment of Start Date and sufficient to execute orders. The actual recurring purchase configuration can be created with an insufficient balance.
Cancel
Recurring purchases approved by system operators can be manually cancelled in the Recurring Purchases table. In this case, they acquire the CANCELLED status.
Report
You can view all order executions in the Closed Orders report.