# Pyramid orders

The pyramid limit orders method allows you to open a position with multiple limits orders at different prices (also can be referred as the dollar cost averaging strategy). 

*Ex: We want to open a 100 000$ position with 5 different limits orders spaced by 1%.*

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*The bot triggers a long position at 25 000$. Because we want to fill our order with 5 different limits entries, each limit order will represent 20% of our total position of 100 000$.*\
*The first long limit order is set at 25 000$ for a 20 000$ size. At the same time, 4 others limits orders will be placed, each of them with the same size, but at different prices during 4 hours only:*

* *Order 1: 20 000$ at 25 000$ Bitcoin price*
* *Order 2: 20 000$ at 24 750$ Bitcoin price (1% lower than first entry at 25 000$)*
* *Order 3: 20 000$ at 24 500$ (1% + 1% or 2% lower than first entry at 25 000$)*
* *Order 4: 20 000$ at 24 250$ (3% lower than first entry at 25 000$)*
* *Order 5: 20 000$ at 24 000$ (4% lower than first entry at 25 000$)*

*Additionnal orders will always be placed in favor of your side, if it's a long, entries will be placed lower, if it's the short, entries will be higher.*<br>

Note that, your stop loss/take profit will be placed looking at your average entry price, and is calculated after all limit orders have expired.

### Pyramid Market order

The pyramid Market Order works exactly the same as the Pyramid Limit order, however it will use a stop-market order once the price reach the price-level targeted. \
By using this method, because of the nature of market orders, you'll be fully filled but you can also suffer a slippage.