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RE: Bittrex Stop Loss did not work!

in #cryptocurrency7 years ago

Increase the spread on the conditional part. When the price moves it moves in chunks, you're barely giving it any time to place the sell order in time. If the conditional sell when was .00022010 it probably would have very likely went through when the price hit .00022000. This has happened to me with the recent price dumps.

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That's true, I looked at this post again this morning.....You guys got hopped over, as in someone was priced below you, the price you listed hit, their price comes up as the low....you're sell order is put in, but you're listed higher than them, so buyers bought the lower automatically in their orders. What you can do, besides leave bittrex, which I am anyway having had other issues with their interface and platform, is make it Immediate or Kill instead of Good till Cancelled, and place a lower price with a greater spread as Good till Cancelled.

I hear ya but ive had no problems in the past even on big dumps. And theoretically it says sell when equal or less than so the order should have been filling regardless. Ill give it a shot thanks.

It says that but what it really means is place the order when the price is equal or less than the conditional price. It doesn't work exactly like your normal stoploss

Ahh, I see. Could you give an example of a decent spread? Thanks for the help

I'm placing the conditional about 100 bits over the real sell price, working so far. if it passes by it again just increase it by 200 bits or so on. I'm just learning about this myself so not sure how well it will perform.

True. Thanks. Followed.