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Date/Time: Fri, 29 Mar 2024 05:39:53 +0000



[User Discussion] - BitMEX system overload

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[2019-05-25 20:34:55]
User116783 - Posts: 84
Hello,

Is there a way to auto-generate a new stop-loss order in the event that the 1st stop-loss is rejected due to system overload?

This happened to me last week. Using a simple bracket order, my trade got filled, but then the BitMEX system overloaded, and my attached order stop-loss and profit target were both rejected.

This occurred while I was asleep and caused me to get liquidated, which really, really sucked.

ZS
Date Time Of Last Edit: 2019-05-25 20:35:52
[2019-05-26 04:11:31]
User116783 - Posts: 84
I believe I've found a solution (assuming this works with the BitMEX): Attached Orders: Automatic Replacement Market Order for Rejected Stop Attached Order

Automatic Replacement Market Order for Rejected Stop Attached Order

When Global Settings >> General Trade Settings >> Auto-Send Market Order On Rejected Stop Attached Order is enabled and a Stop Attached Order is Rejected after being sent and originally had an Order Sent status, it will be resent as a Market order to offset the new position established by its parent order.
Date Time Of Last Edit: 2019-05-26 04:17:51
[2019-05-26 15:12:43]
User116783 - Posts: 84
I have a question for support.

With regards to market order replacement for a rejected stop, what trigger price will the replacement stop-loss be?

The same price as the original stop-loss that was rejected?

For example, a parent order is a buy at 8000, with a stop-loss at 7980 that gets rejected.

Will the replacement stop-loss also be 7980?

ZS
Date Time Of Last Edit: 2019-05-26 15:20:05

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