You want to buy $50k worth of a coin. A market order would move the price against you. TWAP/VWAP splits it into 24 smaller orders over 2 hours, executing as the market can absorb. TWAP slices evenly across time; VWAP slices proportionally to expected volume.
What it costs
This strategy is open on every plan - tiers set capacity, not access. Standard is free; Elite and Elite Plus raise how many assets and markets it can drive.
Recommended minimum vault: Elite · See all store pricing →
How it works
You give the bot a parent order - direction, total size, time window. It chops the parent into N child orders and feeds them to the exchange. TWAP feeds equal-sized children at equal time intervals (clock-driven). VWAP feeds children proportional to expected volume - heavier in high-liquidity hours, lighter in quiet ones (volume-driven). Either way, you reduce the price impact of dumping a large order into a thin order book and you usually get a better average fill than a naive market order.
Key Features
Strategy profile
A snapshot of how this strategy behaves and who it suits, not a forecast of returns.
These are our assessments of strategy character, not user-specific performance figures.
This isn't a strategy in the traditional sense - it's execution tooling for users running large orders. 40%+ of US institutional equity orders use VWAP as primary benchmark (Greenwich data). For retail crypto traders with sub-$10k orders on liquid pairs (BTC/USDT, ETH/USDT), the benefit is small - your orders are not big enough to move price. Below that threshold, just use a regular market or limit order. Above $10k on liquid pairs OR any size on illiquid/mid-cap pairs, TWAP/VWAP saves real money on slippage.
All figures on this page are simulated or historical backtest results, shown for information and education only. They are not real customer results, they do not include your specific fees and slippage, and past performance does not guarantee future returns. Your capital is at risk.
Frequently Asked Questions
Quick glossary
Definitions for the trading terms used on this page.
- Backtest
- A simulation of how a strategy would have performed on historical price data. Past results never guarantee future returns - markets change.
- Slippage
- The difference between the price you expect and the price you actually get when an order fills. Worse on illiquid pairs and during fast markets.
- Spread
- The gap between the best buy price (bid) and the best sell price (ask). Tight spreads = liquid market, wider spreads = more cost per round trip.
- Stop-loss
- An automatic exit order that closes a losing position when price hits a chosen threshold. Caps how much one bad trade can hurt you.
- Take-profit
- An automatic exit order that closes a winning position once price reaches a chosen target. Locks in gains without relying on you to watch the chart.
- Volatility
- How sharply price moves. High volatility = bigger swings in both directions, which means more opportunity but also more drawdown risk.
Ready to execute large orders smarter?
Spin up a TWAP or VWAP execution. Start with a paper test on your typical order size to see exactly what the algorithm saves you.
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