Hi guys, I have a newbie question. it will be great if anyone can answer me.
I've been trying to set some trades based on the scanner alerts on HITBTC. But my orders never gets filled. can anybody tell me what is the problem?
You are viewing a single comment's thread from:
I don't think anyone will be able to help as we don't know what you are doing. I would advise to not use the scanner if you are really a newbie and focus rather on Luc's method.
Here is one of the trades that I've tried.
the price went down to 0.00001000. I have placed a buy order on 0.00001005 but my order is stuck on the active trades and didn't execute even though the next candle was still on the same price.
Candles are just descriptive of the price action at that moment. I always try looking at the trading data to get an idea of just how much was sold, maybe too little was sold at that price and there were too many sellers ahead of you. Did you get your position partially filled at least?
The alert was on at 09:38.
on this time there was already an order executed on 0.00001004
I've managed to place my trade on 09:40 at 0.0001005 but non of it were filled.
The same thing happened with me with two other coins.
Am I getting in the trade too late, or what is the problem?
Your too late, that is the problem with fat fingered sales caused by a single person dumping their position - the bounce usually occurs instantly after the sale is complete. I'm finding the scanner to be not as useful as I would have imagined for this reason, if I could instead spread around a tremendous amount of orders at insanely low prices that would be more successful in catching these rare moments - alas that would be too much of a commitment though.
@tizzle, so not ever sell shows up on the trade data? Because according to it he beat the other sellers by 5 mins. I dunno, but mine always do.
I don't understand your question.