Beware!!! Bittrex will take out your stop-loss order...

[Calm N Patience]

Hi All,

I putted a stop-loss order at 1.5% below the current price of Lumen BTC-XLM on Bittrex trading platform, I just wanted to secure the profit as the price was soaring high. Within a minute right after I've done the stop-loss order, it got taken out even the price hasn't dropped down to my stop-loss price yet. This is the second times that happened to me and this is also the second time I've used stop-loss order. At that time I was watching on the trading screen and I'm sure the price hasn't dropped down to my stop-loss order and it got taken out.

Did Anyone has the same experience? It more like a high frequency machine used by the exchange to play the trick taking out the stop-loss for making profit.

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[Wiss]

must have been a bug or?

[MickeyT2008]

It is a bug, it happened to me a lot of times in the past when i was trading with monero/bitcoin.
I lost more than 0.05 bitcoins because of that, i was lucky because bitcoin was not even 1/4 of its actual price.. but it is a lot of money if you think about that.
It is a bug, it always happens when you do a lot of trades in one single day, and there is nothing to be worried about, because you probably didnt lost a lot of money in this.
but yes, maybe you should try to send a support ticket to see if they can refund your money.

[Calm N Patience]

It is a bug, it happened to me a lot of times in the past when i was trading with monero/bitcoin.
I lost more than 0.05 bitcoins because of that, i was lucky because bitcoin was not even 1/4 of its actual price.. but it is a lot of money if you think about that.
It is a bug, it always happens when you do a lot of trades in one single day, and there is nothing to be worried about, because you probably didnt lost a lot of money in this.
but yes, maybe you should try to send a support ticket to see if they can refund your money.

Do you use a lot of stop-lost on Bittrex? I use two times and both got taken out even the prices had not reached to the stop-lost yet. The bugs seemed look after Bittrex though.

[crimson12]

So you guys are saying I shouldn't rely on a stop loss order within bittrex? It will probably get canceled? What about using the API? Do those hold well?

[Shishir99]

May be Bittrex is going to be the next poloneix.
They are creating lots of controversy.
They have closed down lots of account before.
I think in 2018 we will see the rise and popularity of decentralized exchange.