> For the complete documentation index, see [llms.txt](https://docs.cyberx.com/cyberx-one/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cyberx.com/cyberx-one/guides/algorithms-applicable-scenarios.md).

# Algorithms' Applicable Scenarios

TWAP is mostly used when your orders are small, and the market has good liquidity. 

VWAP is mostly used when you need to complete large orders. 

PEG works well when you have a specific risk appetite. The algorithms will help you place orders automatically at different price level, based on your risk preferences.