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How can I guarantee that my limit order gets filled on Bitmex?

avatarMarc-André ÉmondDec 17, 2021 · 3 years ago3 answers

What strategies can I use to increase the chances of my limit order getting filled on Bitmex?

How can I guarantee that my limit order gets filled on Bitmex?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One strategy you can use to increase the chances of your limit order getting filled on Bitmex is to set a more competitive price. If you set your limit order too far away from the current market price, it may not get filled. By setting a price closer to the market price, you increase the likelihood of your order being executed. However, keep in mind that setting a price too close to the market price may result in immediate execution and potentially higher fees. It's important to find a balance that suits your trading strategy and risk tolerance.
  • avatarDec 17, 2021 · 3 years ago
    Another strategy is to use a market order instead of a limit order. With a market order, your order will be executed immediately at the best available price in the market. This guarantees that your order gets filled, but you may not get the exact price you wanted. Market orders are especially useful when you need to enter or exit a position quickly and don't want to risk your order not getting filled.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we recommend using advanced order types such as fill or kill (FOK) or immediate or cancel (IOC) orders to increase the chances of your limit order getting filled. These order types allow you to specify additional conditions for your order, such as a minimum fill quantity or a maximum time to live. By using these advanced order types, you can ensure that your order gets filled under specific conditions, increasing the likelihood of execution.