How can I optimize my BitMEX scaled orders for better performance?

3 answers

• Jan 25, 2022 · 3 years ago
  One way to optimize your BitMEX scaled orders for better performance is to carefully choose the order size and spacing. By experimenting with different order sizes and spacing intervals, you can find the optimal combination that maximizes your trading opportunities while minimizing slippage. Another strategy is to use advanced order types offered by BitMEX, such as iceberg orders or hidden orders. These order types can help you execute large orders without revealing the full size to the market, reducing the impact on price. Additionally, you can consider using trading bots or algorithmic trading strategies to automate your scaled orders. These tools can help you execute orders more efficiently and take advantage of market opportunities in real-time. Remember to regularly review and adjust your scaled order settings based on market conditions and your trading goals to ensure optimal performance.
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• Jan 25, 2022 · 3 years ago
  When optimizing your BitMEX scaled orders, it's important to keep an eye on market liquidity. If the market is illiquid, it may be challenging to execute your scaled orders at desired prices. In such cases, you may need to adjust your order sizes or spacing to accommodate the market conditions. Another tip is to monitor the order book depth and price levels to identify potential support or resistance levels. By placing your scaled orders strategically around these levels, you can increase the chances of getting filled at favorable prices. Lastly, consider using stop orders or trailing stops to manage your risk and protect your profits. These order types can help you automatically exit a position if the market moves against you or lock in profits if the market moves in your favor.
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• Jan 25, 2022 · 3 years ago
  At BYDFi, we have developed a proprietary algorithm that optimizes scaled orders on BitMEX for better performance. Our algorithm takes into account various factors such as market liquidity, order book depth, and historical price movements to determine the optimal order sizes and spacing. With our algorithm, you can achieve improved execution and reduced slippage for your scaled orders on BitMEX.
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