The Scaled Order tool is an algorithm designed to allow traders to spend less time entering orders and more time focusing on their strategy. The algorithm automatically creates multiple limit orders across a user-determined price range. This tool also provides control over the diversity and distribution of orders within the price range.
If, for example, you are expecting the price of a certain asset to dip over a sustained period of time, you can set a scaled buy order to buy in decreasing price increments. On the contrary, if you are expecting the price of an asset to rise over time, you can set a scaled sell order to gradually lower your exposure as the price increases.