HNY Trading Features
Proposal description: Implement HoneySwap Trading Features such as Limit Orders, Stop-Market Orders and TWAP (Time-Weighted average in/average out)
An accurate and detailed description of what you are proposing
We want to implement 3 trading features to start with:
Limit Order … it will check the price every 5-seconds and when the Price is equal to your set amount, it enters an order for you. For example if you want to buy HNY at $40 it will wait until that Price to enter
Stop Market Order … for trading, it will check the price every 5-seconds and if it hits your stop, then it exits how much you want to do. For example if you are trading ChainLink and its at $13, but you want to take at $12 stop-order, it will sell you back into the Pair you want (e.g. LINK/xDAI) if it gets stopped out
TWAP or DCA … For accumulation over time (in or out).
We give you a box for the “hours” of accumulation (e.g. put in 72)
With 72 hours it will split your orders up into 20 pieces and accumulate for you.
You can also put a price you’re maximum willing to pay: E.G. you want to accumulate HNY using 100 xDAI, but your maximum price is no higher than $225 HNY… and it gets done over 72hrs in a split time interval. This can also be done on the sell side.
This proposal should exist because it starts to add trading features that we can build upon for 2021. We want to make it easier for people to trade with honeyswap especially as 2021 rolls around
Expected duration or delivery date (if applicable):
We should be able to code this in within a few days
Team Information (For Funding Proposals)
Find me (sommi) on Telegram & Discord for any questions and discussion. I’ve been trading for over 10yrs I know exactly how this should be set up:
Skills and previous experience in related or similar work:
I’ve been day trading for over 10 yrs, I’ve seen every single market program and feature and have a lot of cool ideas to be implemented later but we need to start on this now
Funding Information (For Funding Proposals)
Amount of HNY requested: ???
More detailed description of how funds will be handled and used: