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Direct MessagesDate/Time: Fri, 03 May 2024 06:29:42 +0000
Stop Rejected by BitMex
View Count: 950
| [2019-12-31 01:08:59] |
| User434251 - Posts: 15 |
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I just had another small account liquidated while figuring out the nuances of the bitmex/sierra relationship. I always place bracket orders (server side) so there technically should never be a reason for an account liquidation. After speaking with Bitmex support I was told that I did not have sufficient funds to execute the order. I argued that how could I not have the funds to close the trade I am currently in??? Support explained to me that it's server do not know if it is a "stop loss" and treats my stop as a new order. Since I am in a leveraged trade and trying to initiate a new trade, my stop is rejected and I am essentially trading naked from that point on. Bitmex support suggested ticking the "close on trigger" option when setting close stop orders as this negates any margin requirement. I do not see where I can do this from within the Sierra Chart app. Can this be done with Sierra? Thanks in advance. |
| [2019-12-31 17:36:14] |
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You can specify additional order instructions as explained here: https://www.sierrachart.com/index.php?page=doc/BitMEX_Trading.php#SettingOrderExecutionInstructions We can add another setting to specify Stop Attached Order instructions instead of for any type of stop order. I argued that how could I not have the funds to close the trade I am currently in??? And really you are correct about that. In Sierra Chart, our risk management calculations, would allow the order. Since that order would not make the position any larger. It would only reduce it.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-12-31 17:38:09
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