Algos

What you need to know about Algos on Sandwich.

Why must my PC not be allowed to go to sleep?

Algos cannot run or function correctly in Sandwich when your PC goes to sleep.

Why am I getting errors about minimum order size in my algos?

Most exchanges apply a minimum order size rule to each instrument, which algos need to take into account to ensure your algo clips can execute as expected.

When creating a TWAP Execution Algo, I can choose between maker, taker and mix order types. What is the difference?

The TWAP algo offers options to execute as a Maker, a Taker, or using mixed order types.

Does Sandwich have trading bots?
Do you have any advanced order types available?

Sandwich currently supports Market Orders, Limit Orders, Post-only, Reduce-only, and Customizable trade execution Algos! There is much more to come.

Why is my transaction history / algo history gone after Sandwich is closed?

Algos and in-session trade history can only persist within your Sandwich session.

How does Quick Trade work?

The Quick Trade ticket allows the user to enter trades based on the prevailing market conditions.

Can I edit my algo parameters once they are executing?

Algo parameters cannot be changed once the algo has been created

What is Interval Randomness in an algo?

Degree of variation in Time Interval between clips to reduce original order’s market visibility. Selecting a higher degree of variation may result in an atypical algo execution.

What happens to my algos when the PC sleeps, crashes or performs system updates?

Algos and in-session trade history can only persist within your Sandwich session.

What is Size Randomness in an algo?

Degree of variation in individual Clip Size to reduce original order’s market visibility. Selecting a higher degree of variation may result in an atypical algo execution.

What is an algo clip?

An algo clip is an individual child order that makes up a part of your total parent order.

How does a Limit Chase algorithm work?

A Limit Chase algorithm places a limit order at a user-defined Chase Distance away from the prevailing best bid or offer.

What happens if I run out of funds while an algo is running?

Your algo will continue to attempt to place orders and execute even if you run out of relevant margin.

How does an Iceberg algorithm work?

An Iceberg algorithm is a large order that has been broken down into smaller limit orders.

How does a TWAP algorithm work?

A TWAP algorithm is used to attain the time weighted average price over a specific, user-defined time period.

How does a Scale algorithm work?

The Scale algorithm places multiple limit orders across a user-defined price range.

How does a POV algorithm work?

A POV algorithm is used to execute the total order volume as a percentage of real-time market trade volume.

What happens if I edit an algo order while the algo is running?

Editing an order associated with an algo, while the algo is running, is not recommended.

How do I manage/track my algos?

Monitor and manage your algos via the Algo Manager, which can be accessed in the Trade drop-down menu.

How does the Swarm algorithm work?

A Swarm algorithm is used to fragment a large order into smaller market orders.