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Title: How to do multiple open orders with "First come first serve" principle Post by: beaupain on December 08, 2017, 09:48:28 PM Hey
Imagine I have $1000 and I want to take multiple open positions in various coins, all worth my full available budget ($1000 in this case). Today I cannot do this, as the system already reserves your budget to take an open position. Isnt there a way to setup my exchange (Bitfinex in my case) so that the first open order which is being materialized takes all the budget ($1000) and the other open orders are automatically deleted? "First come, first served" principle Example: $1000 open orders on: 1) BTC <10K$ 2) LTC <0.1K$ 3) XRP <0.2$ At a certain point, LTC drops below 0.1K$ (before the other 2 conditions, BTC and XRP in this case, happen) => order is being processed for the full $1000, the rest is cancelled (as no budget left anymore). Thanks! Title: Re: How to do multiple open orders with "First come first serve" principle Post by: LoyceV on December 08, 2017, 10:30:00 PM At a certain point, LTC drops below 0.1K$ (before the other 2 conditions, BTC and XRP in this case, happen) => order is being processed for the full $1000, the rest is cancelled (as no budget left anymore). I don't think this is possible for the exchange: different order pairs run separate from each other. If they would set it up like this, I think (read: this is based on my current understanding, although I'm not entirely sure) it could be possible both orders are triggered at exactly the same time, and you end up $1000 negative. |