One type of crypto algorithm is called quoting or fishing. With immediateedge you can get the best use of the same now. Before seeing what these algorithms are doing, it should be mentioned that there are two trading modes:
- One in which the person interested in buying or selling declares his intention to trade on the exchange transmitting an order specifying the desired price and quantity and this intention is recorded in a queue.
- One in which the person buys or sells by carrying out the transaction with someone who already exists on the exchange and the trading takes place immediately.
The first type of actor is called maker and his actions are called limit orders, and the second type of actor is called taker or aggressor and his actions are called market orders. If someone trades a very large quantity as a taker either intentionally or by mistake, the …