What are TWAP orders?
A TWAP (short for time-weighted average price) order is similar to an iceberg order in that it attempts to enter or exit a large position without significantly moving the asset’s price. Our TWAP bot is designed to execute a large trade over a specified period.
Checklist
- How can I place TWAP orders using the OKX trading bot?
- Access the Trading bots dashboard, then select TWAP from the Slicing bots menu
- Select your desired trading pair and instrument using the menu in the TWAP section
- Select your desired trading pair and instrument using the menu in the top-left corner of the TWAP section
- Check your trade details and select Confirm on the next screen to launch the bot
Notes
The main difference between the Iceberg bot and the TWAP bot is that the latter will place individual orders periodically over a set period of time, which is intended to minimise the impact on asset prices. This factor is especially important for illiquid markets where even small orders can swing the asset price in a direction that's less favourable to the trader. For more details on other trading bots, visit here.
TWAP is one of the options available in the Slicing bots section
Numerous trading pairs and instruments are available for selection
Select whether you want to buy or sell the first asset listed in the trading pair and input the price slippage you are willing to accept. There are two options available under the Price range section, which is Constant and Percentage
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
