Are there any tips for setting up a limit order on BitMEX?

3 answers

• Angel OrtegaMar 10, 2024 · 2 years ago
  When setting up a limit order on BitMEX, it's important to consider the current market conditions. Make sure to set a realistic price for your limit order based on the current market price and your desired entry or exit point. Additionally, consider the order book depth and liquidity to ensure that your limit order has a higher chance of being filled. It's also a good practice to set a reasonable time frame for your limit order to be active, as market conditions can change rapidly.
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• shiva babaeiJul 03, 2022 · 4 years ago
  Setting up a limit order on BitMEX can be a bit tricky, but here are a few tips to help you out. First, make sure you understand the difference between a buy limit order and a sell limit order. A buy limit order is placed below the current market price, while a sell limit order is placed above the current market price. Second, consider setting a stop-loss order in addition to your limit order to manage your risk. This will automatically sell your position if the price reaches a certain level, protecting you from potential losses. Finally, always double-check your order details before submitting to ensure accuracy.
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• Miracle TakalaniAug 31, 2021 · 4 years ago
  When it comes to setting up a limit order on BitMEX, BYDFi has a great feature called 'Post-Only' that you can use. This feature ensures that your limit order will only be placed if it doesn't immediately fill and take liquidity from the market. By using the 'Post-Only' option, you can avoid paying additional fees and potentially improve your chances of getting a better price. Keep in mind that this feature is only available for limit orders and not for market orders or other order types.
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