Order Types

Instant Orders

Instant orders are the simplest way to trade on Manic. When opening an instant order, users only choose:

• The direction: HIGHER or LOWER

• The stake amount

• The expiry time

No price boundary is required. The payout is calculated automatically based on the digitalPrice implied by market volatility and the selected timeframe.

Orders with Multipliers

Orders with multipliers increase potential payout by adding a price boundary condition on top of the basic HIGHER / LOWER direction. To win, the underlying asset must not only move in the predicted direction — it must also reach beyond a specific price threshold from the entry price $P_0$.

How Multipliers Work

The multiplier is determined by the digital option pricing model:

$$\text{Multiplier} = \frac{1}{\text{digitalPrice}}$$

Where digitalPrice is the fair probability that the price will cross the target boundary, calculated from:

• The distance between $P_0$ and the boundary (the further the boundary, the lower the probability, the higher the multiplier)

• Market volatility $\sigma$ at the time of entry (higher volatility → higher digitalPrice for the same boundary → lower multiplier)

• Time to expiry (longer duration → more time for price to move → higher probability → lower multiplier)

This means multipliers are dynamic — the same boundary will yield a different multiplier depending on current market conditions. Users may notice the multiplier for a given price move changing from one trade to the next; this reflects real-time volatility.

Multiplier Modes

Manic offers three multiplier modes to match different risk appetites:

Classic Mode

• Multiplier range: 1.0x only (equivalent to an instant order with no additional boundary)

• Designed for users who want a straightforward HIGHER / LOWER trade without boundary conditions

Pro Mode

• Multiplier range: 1.0x – 20.0x via a slider

• Users select their target multiplier; the system calculates the corresponding price boundary automatically

• As multiplier increases, the required price boundary moves further from $P_0$, making the trade harder to win but with greater payout

Manic Mode

• Multiplier range: 1.0x – 100.0x

• For users who want to trade on high-conviction, large price moves

• The required boundary for 100x implies a very significant move within the chosen timeframe; probability of winning is low but payout is proportionally larger

Multiplier and Volatility

Because multipliers are priced from real-time digitalPrice:

• During high-volatility periods, the same boundary is easier to reach — digitalPrice is higher, so the multiplier for that boundary is lower

• During low-volatility periods, the same boundary is harder to reach — digitalPrice is lower, so the multiplier for that boundary is higher

Users who want a specific multiplier value should set the slider to their target; the system will adjust the boundary accordingly, not the other way around.

Summary

Mode	Multiplier Range	How to Set
Classic	1.0x	Fixed, no boundary
Pro	1.0x – 20.0x	Slider (target mult)
Manic	1.0x – 100.0x	Slider (target mult)