diff --git a/config/flashcrash.yaml b/config/flashcrash.yaml
new file mode 100644
index 000000000..367ebb52a
--- /dev/null
+++ b/config/flashcrash.yaml
@@ -0,0 +1,14 @@
+---
+sessions:
+  max:
+    exchange: max
+    envVarPrefix: max
+
+exchangeStrategies:
+- on: max
+  flashcrash:
+    symbol: BTCUSDT
+    interval: 1m
+    baseQuantity: 0.01
+    percentage: 0.6 # 60% of the current price from the moving average
+    gridNumber: 3
diff --git a/pkg/cmd/builtin.go b/pkg/cmd/builtin.go
index e5d534365..7c7cdc3fd 100644
--- a/pkg/cmd/builtin.go
+++ b/pkg/cmd/builtin.go
@@ -3,6 +3,7 @@ package cmd
 // import built-in strategies
 import (
 	_ "github.com/c9s/bbgo/pkg/strategy/buyandhold"
+	_ "github.com/c9s/bbgo/pkg/strategy/flashcrash"
 	_ "github.com/c9s/bbgo/pkg/strategy/grid"
 	_ "github.com/c9s/bbgo/pkg/strategy/pricealert"
 	_ "github.com/c9s/bbgo/pkg/strategy/swing"
diff --git a/pkg/strategy/flashcrash/strategy.go b/pkg/strategy/flashcrash/strategy.go
new file mode 100644
index 000000000..dbfe35390
--- /dev/null
+++ b/pkg/strategy/flashcrash/strategy.go
@@ -0,0 +1,145 @@
+// flashcrash strategy tries to place the orders at 30%~50% of the current price,
+// so that you can catch the orders while flashcrash happens
+package flashcrash
+
+import (
+	"context"
+
+	log "github.com/sirupsen/logrus"
+
+	"github.com/c9s/bbgo/pkg/bbgo"
+	"github.com/c9s/bbgo/pkg/indicator"
+	"github.com/c9s/bbgo/pkg/types"
+)
+
+func init() {
+	bbgo.RegisterStrategy("flashcrash", &Strategy{})
+}
+
+type Strategy struct {
+	// These fields will be filled from the config file (it translates YAML to JSON)
+	// Symbol is the symbol of market you want to run this strategy
+	Symbol string `json:"symbol"`
+
+	// Interval is the interval used to trigger order updates
+	Interval types.Interval `json:"interval"`
+
+	// GridNum is the grid number, how many orders you want to places
+	GridNum int `json:"gridNumber"`
+
+	Percentage float64 `json:"percentage"`
+
+	// BaseQuantity is the quantity you want to submit for each order.
+	BaseQuantity float64 `json:"baseQuantity"`
+
+	// activeOrders is the locally maintained active order book of the maker orders.
+	activeOrders *bbgo.LocalActiveOrderBook
+
+	// Injection fields start
+	// --------------------------
+	// Market stores the configuration of the market, for example, VolumePrecision, PricePrecision, MinLotSize... etc
+	// This field will be injected automatically since we defined the Symbol field.
+	types.Market
+
+	// StandardIndicatorSet contains the standard indicators of a market (symbol)
+	// This field will be injected automatically since we defined the Symbol field.
+	*bbgo.StandardIndicatorSet
+	// --------------------------
+
+	// ewma is the exponential weighted moving average indicator
+	ewma *indicator.EWMA
+}
+
+
+func (s *Strategy) updateOrders(orderExecutor bbgo.OrderExecutor, session *bbgo.ExchangeSession) {
+	if err := session.Exchange.CancelOrders(context.Background(), s.activeOrders.Bids.Orders()...); err != nil {
+		log.WithError(err).Errorf("cancel order error")
+	}
+
+	s.updateBidOrders(orderExecutor, session)
+}
+
+func (s *Strategy) updateBidOrders(orderExecutor bbgo.OrderExecutor, session *bbgo.ExchangeSession) {
+	quoteCurrency := s.Market.QuoteCurrency
+	balances := session.Account.Balances()
+
+	balance, ok := balances[quoteCurrency]
+	if !ok || balance.Available <= 0.0 {
+		return
+	}
+
+	var numOrders = s.GridNum - s.activeOrders.NumOfBids()
+	if numOrders <= 0 {
+		return
+	}
+
+	var startPrice = s.ewma.Last() * s.Percentage
+
+	var submitOrders []types.SubmitOrder
+	for i := 0; i < numOrders; i++ {
+		submitOrders = append(submitOrders, types.SubmitOrder{
+			Symbol:      s.Symbol,
+			Side:        types.SideTypeBuy,
+			Type:        types.OrderTypeLimit,
+			Market:      s.Market,
+			Quantity:    s.BaseQuantity,
+			Price:       startPrice,
+			TimeInForce: "GTC",
+		})
+
+		startPrice *= s.Percentage
+	}
+
+	orders, err := orderExecutor.SubmitOrders(context.Background(), submitOrders...)
+	if err != nil {
+		log.WithError(err).Error("submit bid order error")
+		return
+	}
+
+	s.activeOrders.Add(orders...)
+}
+
+func (s *Strategy) orderUpdateHandler(order types.Order) {
+	if order.Symbol != s.Symbol {
+		return
+	}
+
+	log.Infof("received order update: %+v", order)
+
+	switch order.Status {
+	case types.OrderStatusFilled:
+		s.activeOrders.Delete(order)
+
+	case types.OrderStatusCanceled, types.OrderStatusRejected:
+		log.Infof("order status %s, removing %d from the active order pool...", order.Status, order.OrderID)
+		s.activeOrders.Delete(order)
+
+	case types.OrderStatusPartiallyFilled:
+		s.activeOrders.Add(order)
+
+	default:
+		s.activeOrders.Add(order)
+	}
+}
+
+func (s *Strategy) Subscribe(session *bbgo.ExchangeSession) {
+	session.Subscribe(types.KLineChannel, s.Symbol, types.SubscribeOptions{Interval: string(s.Interval)})
+}
+
+func (s *Strategy) Run(ctx context.Context, orderExecutor bbgo.OrderExecutor, session *bbgo.ExchangeSession) error {
+	// we don't persist orders so that we can not clear the previous orders for now. just need time to support this.
+	s.activeOrders = bbgo.NewLocalActiveOrderBook()
+	s.ewma = s.StandardIndicatorSet.GetEWMA(types.IntervalWindow{
+		Interval: s.Interval,
+		Window:   25,
+	})
+
+	session.Stream.OnOrderUpdate(s.orderUpdateHandler)
+	session.Stream.OnKLineClosed(func(kline types.KLine) {
+		s.updateOrders(orderExecutor, session)
+	})
+
+	// TODO: move this to the stream onConnect handler
+	s.updateOrders(orderExecutor, session)
+	return nil
+}
diff --git a/pkg/types/standardstream_callbacks.go b/pkg/types/standardstream_callbacks.go
index 360e34651..e773f440e 100644
--- a/pkg/types/standardstream_callbacks.go
+++ b/pkg/types/standardstream_callbacks.go
@@ -2,6 +2,8 @@
 
 package types
 
+import ()
+
 func (stream *StandardStream) OnTradeUpdate(cb func(trade Trade)) {
 	stream.tradeUpdateCallbacks = append(stream.tradeUpdateCallbacks, cb)
 }