POV

POV means Percentage of Volume. Choose a total size, participation percentage, limit price, and duration. The strategy watches trades on your execution venue and submits IOC limit slices as volume becomes available.

mlab strategy run pov BTC --venue bulkf --testnet \
  --side buy --size 0.01 --participation 5 \
  --limit-price 80000 --duration 300 --dry-run

Prices here are examples. Use a valid tick-aligned price for your market. Preview first; replace --dry-run with --yes to start.

• --participation 5 caps submitted size at 5% of observed volume.
• --limit-price is the maximum buy price or minimum sell price.
• IOC cancels any unfilled part of each slice. Unfilled attempts still count toward the submitted-size budget and are not retried.
• The strategy stops at --duration, even if the target is not filled. It never sweeps the remainder at market.

Use --margin instead of --size for margin-based sizing. --leverage and --reduce-only are supported. POV uses the selected venue's live trades, not a separate volume source.

In Furge, choose POV under Strategies, configure the same settings, then preview and confirm. See job commands to inspect or stop a CLI job.