Are there any tips or tricks to increase the chances of my limit order being filled on Bitmex?
ChendoDec 17, 2021 · 3 years ago3 answers
I'm new to Bitmex and I'm wondering if there are any strategies or techniques I can use to improve the chances of my limit order being filled on the platform. Are there any specific settings or actions I should take to increase the likelihood of my order being executed?
3 answers
- Dec 17, 2021 · 3 years agoOne tip to increase the chances of your limit order being filled on Bitmex is to set a competitive price. If your limit order is too far away from the current market price, it may not get filled. Keep an eye on the order book and try to place your order at a price that is close to the current market price. This will increase the chances of your order being executed.
- Dec 17, 2021 · 3 years agoAnother trick is to use a smaller order size. If your order size is too large, it may take longer to get filled. By placing smaller orders, you increase the likelihood of your order being matched quickly. This can be especially useful during periods of high volatility when the market is moving quickly.
- Dec 17, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, recommends using limit orders with a time-in-force (TIF) setting. By setting a TIF, you can specify how long your order should remain active. This can help increase the chances of your order being filled, especially if the market conditions change rapidly. Additionally, BYDFi suggests monitoring the market closely and adjusting your order price if necessary to improve the chances of execution.
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