Support Board

Date/Time: Sun, 05 May 2024 05:21:55 +0000

Post From: Is it possible to Activate ParticipateDoNotInitiate on Limit orders with Bitmex

[2018-09-28 11:11:52] Link To Thread - Link To Post [Go To First Post]
4646ed - Posts: 230
This does NOT work. I was hit by taker fees even though I put in the ParticipateDoNotInitiate Instruction for limit and stop limit orders. Have I missed something? Is this a mistake on Bitmex's part? Sierra CHarts refers us to Bitmex documentation - https://www.bitmex.com/api/explorer/# but they give no clear instructions that I can find on that page. I need clearer instuctions on how to avoid the Taker fee -- otherwise trading on Bitmex doesnt make sense. With taker fees you pay 4-5 pts a trade, 8-10 pts in and out. Those are really high and often insurmountable commissions.