What is an auction-style liquidation strategy?

The CoinEx auction-style liquidation strategy will calculate the target price range based on the optimal price, and perform a step-by-step limit order within this range, that is, every 0.5s, the entrusted price will be increased or decreased by 0.5% according to the optimal price to re-entrust.

Follow this rule and wait for the order to be filled at the target price within the maximum time limit.

Its purpose is to ensure that large-amount liquidation orders can still be executed within a certain period of time in the case of insufficient market liquidity, so as to avoid the situation that a large-amount liquidation order cannot be executed for a long time after being entrusted.

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Under what circumstances will the auction-style liquidation strategy be triggered?
  1. Position area – triggered by the set stop-profit and stop-loss
  2. Position area – use the one-key full level function
  3. Position area – use the full market price function

What’s Auction-Style Liquidation Strategy on CoinEX

If there is an order that is executing the “auction-style liquidation strategy” in a certain market, the current market will not be able to place orders; when the auction-style entrustment ends, the order function will resume.

If the position triggers forced liquidation or automatic lightening during the execution of the “auction liquidation strategy”, the auction liquidation strategy will be terminated and the forced liquidation or automatic lightening process will begin.

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