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If the multiple order feature is activated, when the stock price gaps up or down by more than one grid, orders will be placed for a corresponding multiple number of shares based on the number of grids covered.
For example: Grid trading is set up as shown in the following figure.
The benchmark price is 170, and the simulated market suddenly reaches 175.
- With Multiple Placement enabled:
- Order quantity = (Latest price - Benchmark price) / (Trigger price condition) * Order quantity per transaction = (175–170) / 1 * 10 = 50
- Trigger result: Sell 50 shares of AAPL
- With Multiple Placement disabled:
- Order quantity = Order quantity per transaction = 10 of AAPL
- Trigger result: Sell 10 shares
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