TWAP Buys/Sells on Kraken Pro: Users Seek Streamlined Solutions | Community Responds
Edited By
Omar Ahmed
A group of traders is actively seeking a more efficient method for executing time-weighted average price (TWAP) buys and sells of BTC on Kraken Pro. Current options are limited, frustrating those who prefer automation to manual trading.
Users Voice Their Frustrations
Many traders expressed dissatisfaction with the manual processes required for TWAP executions. Notably, one user emphasized the need for automation, saying, "create a trading bot using the Kraken API to automate the process."
Interestingly, responses reveal that Kraken Pro does not currently have an integrated TWAP feature, prompting users to find alternative solutions. One commenter highlighted this, stating, "You’d need to split orders manually if placing them through the platform."
Community Suggestions
Users are exploring several options to tackle this issue:
Using API: Participants recommended utilizing the Kraken API to create a trading bot, thus streamlining the TWAP process.
Manual Splitting: Some traders will continue splitting orders manually until an integrated TWAP solution becomes available.
User Reactions and Sentiment
User feedback ranges from frustration to hopeful suggestions:
"Thank you for your rapid response and for your help!"
Many are eager for better functionalities, indicating a positive outlook for future updates.
Key Insights
🔹 Lack of Built-in Feature: Kraken Pro currently lacks a TWAP function, leaving users to split orders themselves.
🔸 API Utilization: Automation through trading bots using Kraken’s API is a popular recommendation.
⚡ Community Engagement: Users are actively seeking to communicate their needs to Kraken’s development team.
Traders are calling for an official TWAP solution, aiming to enhance their trading efficiency. Will Kraken respond to this growing demand?
For more information on trading tools and strategies, visit Kraken.