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[2015-10-12 00:27:29] j8 : fair basis = spot*fairBasisRate*daysToExpiry/365
[2015-10-12 00:28:45] j8 : fair basis rate is an annualized premium, it's set manually based on the market, you can see it in the Instruments table if you expand it (on advanced view)
[2015-10-12 06:04:06] AudibleScience : is there any chance that what is in the "Withheld Profit", will end up back in my available margin, after settlement or rebalancing ?
[2015-10-12 06:05:05] AudibleScience : Or does it only adjust the trader's profit down to keep the system from making a loss?
[2015-10-12 06:05:50] BitMEX_Arthur : AudibleScience: Withheld Profit is realised and added back to your available margin each Friday after rebalancing or settlement
[2015-10-12 06:07:29] AudibleScience : I'm not sure I understand... is that even on the XBT24H contracts?
[2015-10-12 06:08:25] BitMEX_Arthur : `XBT24H` settles each day, so any withheld profit will be released to you each day at 12:00
[2015-10-12 06:08:40] BitMEX_Arthur : any profit adjustment will be applied, and the net amount is what you are allowed to keep
[2015-10-12 06:08:51] BitMEX_Arthur : 12:00 GMT
[2015-10-12 06:09:28] AudibleScience : I see, that's what I was thinking... thanks.
[2015-10-12 06:18:24] AudibleScience : So DPE will always reduce the "Withheld Profit" to a lower amount, but it will always be a percentage of it.
[2015-10-12 06:18:30] AudibleScience : Is that right?
[2015-10-12 06:20:34] AudibleScience : By the way, good morning Arthur:
[2015-10-12 06:22:12] BitMEX_Arthur : Yes the Profit Adjustment varies between 0% to 100%
[2015-10-12 06:22:34] BitMEX_Arthur : Here is a history of the DPE weekly profit adjustments https://www.bitmex.com/app/settlementHistory
[2015-10-12 06:26:16] AudibleScience : Thanks, I had seen that before... but I'm not sure I really fully understand though, because how come it is 0% most of the time, but not every time...
[2015-10-12 06:28:12] AudibleScience : Or what am I doing to make it happen once or twice, but not all the time?
[2015-10-12 06:29:47] AudibleScience : Or is it not because of anything I'm doing? or is there something I can do to keep it to 0%?
[2015-10-12 06:34:12] AudibleScience : right now I have my position is: 0 Contracts. Would that make a difference?
[2015-10-12 06:35:05] BitMEX_Arthur : It is a system wide adjustment shared by all traders who had a profit
[2015-10-12 06:36:08] BitMEX_Arthur : If the adjustment is greater than 0%
[2015-10-12 06:36:25] BitMEX_Arthur : Read this for a better explanation https://www.bitmex.com/app/dynamicProfitEqualisation
[2015-10-12 06:37:59] AudibleScience : oh okay... so I think I understand a bit better now... but I'll read that again for sure.
[2015-10-12 06:39:49] AudibleScience : Sorry for bombarding you with all these questions... I'm just starting to really like what I understand so far...
[2015-10-12 06:40:07] AudibleScience : Thanks Arthur!
[2015-10-12 06:40:09] BitMEX_Arthur : Please ask all your questions
[2015-10-12 06:40:15] BitMEX_Arthur : Others might find it useful
[2015-10-12 06:42:25] AudibleScience : Okay will do, as and when they come up... no problem! Thanks again man.
[2015-10-12 06:54:58] AudibleScience : Are you the same Arthur who writes the "Crypto Trader Digest"?
[2015-10-12 06:55:08] BitMEX_Arthur : Yes
[2015-10-12 07:05:58] AudibleScience : Cool! Unfortunately I have to go right now, but let me quickly say: "I think you're one of the most excellent CEOs..." and really have to commend you on doing a most awesome job! I may not have that much experience, but I am very grateful for your most comprehensive weekly Trader Digests. They're so good!
[2015-10-12 09:10:12] Adriyelalanthomas : hi
[2015-10-12 09:14:25] BitMEX_Arthur : hi
[2015-10-12 09:14:29] Adriyelalanthomas : hello
[2015-10-12 09:15:00] Adriyelalanthomas : i didnt see anything is it possible to arbitrage her
[2015-10-12 09:15:12] Adriyelalanthomas : here*
[2015-10-12 09:15:35] BitMEX_Arthur : Arbitrage between spot and futures?
[2015-10-12 09:15:55] Adriyelalanthomas : ok thank you bye
[2015-10-12 09:18:47] BitMEX_Wally : Adriyelalanthomas: XBTH16 is trading at $293
[2015-10-12 09:19:25] BitMEX_Wally : So you could sell XBTH16 and buy spot at $248
[2015-10-12 09:19:59] gaoMex : It is subjected to DPE though.
[2015-10-12 09:20:13] gaoMex : The longer the contract, the higher the risk.
[2015-10-12 09:20:33] BitMEX_Arthur : gaoMex: True and that is why the premium is higher
[2015-10-12 09:22:25] gaoMex : I took a look at settlementHistory. Interestingly, I could only see one DPE event in Aug. Was it because of high volatility?
[2015-10-12 09:29:38] BitMEX_Arthur : gaoMex: Mostly due to lower liquidity
[2015-10-12 09:30:50] BitMEX_Arthur : Now that we have market makers quoting tighter and in larger size, the situation should be better
[2015-10-12 09:32:12] gaoMex : Great! Seriously, BitMEX is one of the better choices for future trading.
[2015-10-12 09:32:51] BitMEX_Arthur : gaoMex: We have some more toys for you guys that will be announced later today
[2015-10-12 09:33:16] gaoMex : Looking forward to it.
[2015-10-12 10:41:39] Gemz : i need to learn how to arbitrage at bitmex
[2015-10-12 10:42:31] Gemz : any tutorial for newbies?
[2015-10-12 10:44:02] BitMEX_Wally : Checkout our trading lessons: https://www.bitmex.com/app/lesson1 https://www.bitmex.com/app/lesson2 https://www.bitmex.com/app/lesson3 https://www.bitmex.com/app/lesson4
[2015-10-12 10:44:30] BitMEX_Wally : Also on the blog: https://blog.bitmex.com/arbitrage-made-easy-lesson-1/
[2015-10-12 10:44:49] BitMEX_Wally : https://blog.bitmex.com/cash-and-carry-arbitrage-with-bitmex-futures/
[2015-10-12 10:45:03] BitMEX_Wally : https://blog.bitmex.com/future-vs-future-arbitrage-with-xbu-chain/
[2015-10-12 12:03:52] BitMEX_Wally : `XBT24H` is now 100x leverage
[2015-10-12 12:03:58] BitMEX_Wally : `XBT7D` is now 50x leverage
[2015-10-12 12:26:35] BitMEX_Wally : &btc; to the moon!
[2015-10-12 12:40:59] DunningKruger : WTF
[2015-10-12 12:45:17] Gemz : wow
[2015-10-12 12:46:13] Gemz : 24h shows still 50x
[2015-10-12 12:46:43] BitMEX_Wally : Reload the page?
[2015-10-12 12:46:58] BitMEX_Wally : https://www.bitmex.com/app/trade/XBT24H
[2015-10-12 12:47:17] Gemz : i see
[2015-10-12 13:27:21] aethlios : Hi all, I like the isolate margin feature, but it could be better if the user could choose the multiplier. Now at daily future is 100X by default. It would be nice to be able the user to set his preferable level.
[2015-10-12 13:28:23] jung1 : BitMEX_Wally: oh I want to ask about some tutorial
[2015-10-12 13:28:36] BitMEX_Sam : aethlios: Yep, loud and clear - we've just implemented that in the trading engine and I'm working on exposing it to the interface
[2015-10-12 13:29:14] BitMEX_Wally : jung1: Sure, how can we help?
[2015-10-12 13:29:41] jung1 : and where I can see all my orders history with all data. Like all closed positions, entry price, close price, protit/loss, fee etc ?
[2015-10-12 13:30:33] BitMEX_Wally : You can see your Trade History here: https://www.bitmex.com/app/tradeHistory
[2015-10-12 13:31:29] BitMEX_Wally : Once the contract settles, or at the weekly rebalance, the PNL is moved to your wallet. You can see your transaction history here: https://www.bitmex.com/app/wallet
[2015-10-12 13:36:39] jung1 : ok thanks
[2015-10-12 13:36:46] jung1 : do you have any res system?
[2015-10-12 13:37:10] BitMEX_Wally : Not sure what you mean
[2015-10-12 13:37:30] cengel : wally im getting that order ejecton error again for the same reason
[2015-10-12 13:38:10] BitMEX_Wally : cengel: Yes my apologies, I had to back that change out because of some edge cases
[2015-10-12 13:38:58] BitMEX_Wally : I'm working on reimplementing the risk checks, in the mean time you can toggle Isolated Margin off to submit the orders
[2015-10-12 13:39:55] cengel : ty
[2015-10-12 13:40:06] BitMEX_Wally : jung1: What's a res system?
[2015-10-12 13:40:20] jung1 : *ref
[2015-10-12 13:40:52] BitMEX_Wally : We have an Affiliate Programme
[2015-10-12 13:40:54] BitMEX_Wally : https://www.bitmex.com/app/affiliates
[2015-10-12 13:41:28] BitMEX_Wally : You can refer friends and get them a 10% discount
[2015-10-12 13:41:44] BitMEX_Wally : Plus you get a cut of any fees they pay
[2015-10-12 13:42:21] jung1 : nice
[2015-10-12 13:52:08] VanCleef : 100x baby
[2015-10-12 13:57:23] BitMEX_Wally : We're #16 now http://exchangewar.info/#bitmex
[2015-10-12 14:03:38] Adriyelalanthomas : hi
[2015-10-12 14:04:38] Adriyelalanthomas : to make a profit could i buy march and then sell dec
[2015-10-12 14:04:51] cengel : are you going to push the custom margin allocation to API before it goes to interface so can use it before?
[2015-10-12 14:05:09] DunningKruger : BitMEX_Wally: that's a war the Chinese aren't fighting fairly! But well done guys.
[2015-10-12 14:05:55] cengel : are you doubting that OKCoin did almost half a million BTC in 24hr volume? naww
[2015-10-12 14:06:25] DunningKruger : cengel: no, no, why would they make shit up? ... :p
[2015-10-12 14:06:51] cengel : would someone do that? just make something up in China on the internet?
[2015-10-12 14:07:01] DunningKruger : cengel: surely not.
[2015-10-12 14:07:27] Adriyelalanthomas : could i long dec and short dec for a profit anyone know
[2015-10-12 14:07:40] Adriyelalanthomas : dec, march
[2015-10-12 14:12:03] Adriyelalanthomas : hello
[2015-10-12 14:12:33] BitMEX_Wally : Adriyelalanthomas: There is no such thing as guaranteed profit
[2015-10-12 14:14:18] BitMEX_Wally : If you go long Dec and short March then you are 'long basis' and will make a profit if premiums increase
[2015-10-12 14:38:53] jung1 : hey Bitmex, any chance to add BTS?
[2015-10-12 14:39:08] BitMEX_Arthur : BTS?
[2015-10-12 14:46:53] jung1 : bitshares
[2015-10-12 14:47:10] jung1 : tommorow will be release of bitshares 2.0
[2015-10-12 14:47:25] jung1 : great stuff
[2015-10-12 15:05:32] Gemz : great you guys put up tutorials
[2015-10-12 15:06:06] Gemz : bitcoin has attracted lots of users who didn't have experiance with futures trading
[2015-10-12 15:06:20] jung1 : yeah
[2015-10-12 15:06:49] jung1 : but bitcoin + futures looks like fucking enron 2.0 hehe
[2015-10-12 15:07:01] Gemz : as an adrenaline junkie 100x leverage is nice
[2015-10-12 15:08:04] jung1 : yeah its gambling
[2015-10-12 15:08:29] Gemz : its more than just gambling on roulette tho
[2015-10-12 15:08:44] Gemz : this takes more research and good timing
[2015-10-12 15:08:49] jung1 : no risk no fun
[2015-10-12 15:09:46] jung1 : have you used any trading bots for bitmex?
[2015-10-12 15:10:27] Gemz : nope im pretty new to this not sure how to do that
[2015-10-12 15:37:54] peasant-wizard : Always read through the Trollbox when I log on. Thanks for the excellent interactions and information BitMEX team. Keep up the good work
[2015-10-12 15:38:23] peasant-wizard : The lessons are great
[2015-10-12 15:39:35] BitMEX_Sam : Thanks peasant-wizard, glad you're liking them
[2015-10-12 15:48:56] HostFat : maybe thesere is a bug under the isolate margin checkbox
[2015-10-12 15:49:02] HostFat : there is*
[2015-10-12 15:51:11] BitMEX_Sam : HostFat: What are you seeing?
[2015-10-12 15:52:09] HostFat : no, maybe I didn't understand correctly how does it work
[2015-10-12 15:52:27] BitMEX_Sam : HostFat: Sure, it's pretty simple:
[2015-10-12 15:52:50] BitMEX_Sam : When you open up a position, your total account equity is deducted an amount equal to the value of the position divided by the maximum leverage
[2015-10-12 15:53:09] BitMEX_Sam : So if you're trading a 100x contract and you open 1 Bitcoin of exposure, your account will have a hold for 0.01 Bitcoin
[2015-10-12 15:53:28] BitMEX_Sam : Now, if you lose money on that position, the system will automatically draw on the rest of your balance as needed to keep the position open.
[2015-10-12 15:53:39] BitMEX_Sam : But if you don't want it to do that, you can `Isolate Margin`.
[2015-10-12 15:53:55] BitMEX_Sam : This means you will be liquidated sooner if you lose money, but it protects the rest of the equity in your account.
[2015-10-12 15:54:10] BitMEX_Sam : So it's give and take. Less risk, but higher chance of liquidation which realizes your losses.
[2015-10-12 16:00:24] lnostdal : it would be nice if it was possible to close a position using a limit order instead of a margin
[2015-10-12 16:00:33] lnostdal : instead of a market order*
[2015-10-12 16:01:14] BitMEX_Sam : Inostdal: You can, you just have to place the limit order yourself.
[2015-10-12 16:01:25] BitMEX_Sam : It's easy to do, just insert an order for the opposite value of your position.
[2015-10-12 16:05:55] lnostdal : ok
[2015-10-12 16:07:03] lnostdal : ok, so i closed a little of my long now to test .. it would be nice if PL was shown in the order history
[2015-10-12 16:07:25] lnostdal : if that makes sense on your platform .. just used to it from ok.com :)
[2015-10-12 16:08:04] BitMEX_Sam : Inostdal: Yeah, we're working on showing some better numbers so it's easier to piece together your performance over time.
[2015-10-12 16:10:43] cengel : is there insurance fund for 100x when dpe hits?
[2015-10-12 16:17:00] peasant-wizard : Hi Sam? Thought I might ask a couple more questions over here? I figure people will get more use out of it in this Trollbox than TV
[2015-10-12 16:22:06] BitMEX_Arthur : cengel: Yes there is based on any remaining BTC left from liquidations, we are working on giving more transparency around that number
[2015-10-12 16:23:12] BitMEX_Arthur : peasant-wizard: How can we help
[2015-10-12 16:24:54] peasant-wizard : I think im good actually. I've gotten a bunch of useful feedback today I just need to spend some more time on the platform. The past couple days have been revolutionary for me. There's no way I can go back to BFX or OKC after this
[2015-10-12 16:25:37] BitMEX_Arthur : peasant-wizard: Please get your affiliate link and spread the gospel
[2015-10-12 16:25:51] BitMEX_Arthur : https://www.bitmex.com/app/affiliates
[2015-10-12 16:26:13] peasant-wizard : Will do, thanks
[2015-10-12 16:41:13] BitMEX_Sam : peasant-wizard: We'll be around, feel free to pop back in whenever.
[2015-10-12 18:05:55] AudibleScience : oops... I think I made a mistake! Anyone think XBT24H'll get back to the 245.80 level before expiry tomorrow?
[2015-10-12 18:06:25] AudibleScience : (Luckily I'm still testing and learning and it's only 10k contracts... )
[2015-10-12 18:07:57] BitMEX_Sam : AudibleScience: Hard to say - could go any direction
[2015-10-12 18:12:02] BitMEX_Sam : CNY might dip soon
[2015-10-12 18:13:13] AudibleScience : Yeah, I know what you mean...
[2015-10-12 18:15:03] AudibleScience : Hey are you the same Sam that I emailed with a few days ago?
[2015-10-12 18:15:10] BitMEX_Sam : Yep.
[2015-10-12 18:15:51] AudibleScience : Oh hey! How's it going? I'm Christian...
[2015-10-12 18:16:23] BitMEX_Sam : Yep, I remember the username - good to see you online.
[2015-10-12 18:16:54] cryptokeeper : so the 50x and 100x apply to the daily
[2015-10-12 18:17:05] cryptokeeper : where do you set that
[2015-10-12 18:17:11] cryptokeeper : looking under speculation
[2015-10-12 18:17:17] BitMEX_Sam : cryptokeeper: Daily is 100x, weekly is 50x
[2015-10-12 18:17:26] BitMEX_Sam : Rather, up to 100x and 50x.
[2015-10-12 18:17:32] cryptokeeper : Ok... so it defaults to that.?
[2015-10-12 18:17:40] BitMEX_Sam : If you isolate margin, it will assign the smallest amount of equity possible to the position.
[2015-10-12 18:17:53] BitMEX_Sam : Default is to draw from your account balance if you lose money, to keep the position open.
[2015-10-12 18:18:08] BitMEX_Sam : Also known as "cross margin".
[2015-10-12 18:18:48] BitMEX_Sam : So if you want 100x fixed margin, open an XBT24H position and click "Isolate Margin" in the positions list.
[2015-10-12 18:18:51] cryptokeeper : what do you figure is recommenede in regards to that.
[2015-10-12 18:19:06] cryptokeeper : unless i dont want my account balance touched then set it as isolate
[2015-10-12 18:19:12] BitMEX_Sam : It goes both ways - isolating margin limits your losses but makes it more likely that a dip and retrace could wipe you out.
[2015-10-12 18:20:13] BitMEX_Sam : If you're just trying it out and getting used to the platform, I would recommend not isolating margin and opening small positions only.
[2015-10-12 18:20:14] cryptokeeper : k
[2015-10-12 18:21:38] AudibleScience : I've been doing a few baby trades, myself, just like that with some dust I had lying around in various wallets... because of the malleability attack something really weird happened the other day...
[2015-10-12 18:22:47] AudibleScience : Plus I wanted to learn my way around before doing any proper sized trades...
[2015-10-12 18:31:32] BitMEX_Sam : Sure - also try the Testnet if you want to open some larger positions or try basis trading
[2015-10-12 18:37:02] cryptokeeper : where is testnet again? Saw that before but forgot
[2015-10-12 18:38:19] BitMEX_Sam : https://testnet.bitmex.com
[2015-10-12 18:39:22] cryptokeeper : I need to register for a new account?
[2015-10-12 18:41:56] cryptokeeper : I suppose so... How do I add btc to my testnet account
[2015-10-12 19:19:39] BitMEX_Sam : FYI, for anyone wondering - the deposit page on testnet contains links to faucets you can use to fill up your account.
[2015-10-12 19:22:47] roby3d : sam you are here ?
[2015-10-12 19:23:02] BitMEX_Sam : Yes
[2015-10-12 19:23:14] BitMEX_Sam : Just got your email, appears you are able to log in?
[2015-10-12 19:23:17] roby3d : I wrote you an email ... is urgent
[2015-10-12 19:24:02] BitMEX_Sam : roby3d: Please try Chrome, I will do some investigation
[2015-10-12 19:24:27] AudibleScience : Where are the faucets one can use to fill up one's real account that way!? lol
[2015-10-12 19:26:38] AudibleScience : I managed to bring my average entry price up to the 246.47 level... which is a bit better than before I think... but I've got just under 57k contracts now...
[2015-10-12 19:27:20] AudibleScience : I love the way that works by the way Sam!
[2015-10-12 19:28:43] AudibleScience : That's such an intuitive number to keep track of...
[2015-10-12 19:32:43] cryptokeeper : AudibleScience: lol no kidding huh
[2015-10-12 19:33:16] BitMEX_Sam : The issue with providing straight Bitcoin exposure numbers is that the amount of your exposure changes with the price
[2015-10-12 19:33:25] BitMEX_Sam : 1 Bitcoin of contracts is not 1 Bitcoin when the price changes.
[2015-10-12 19:34:03] BitMEX_Sam : This is why some other platforms distinguish so much between opening and closing positions (rather than just placing the opposite order) because it is difficult to know how many contracts you actually hold, and therefore how large of an order you need to place to close.
[2015-10-12 19:36:48] AudibleScience : cryptokeeper: what do you mean man?
[2015-10-12 19:37:08] cryptokeeper : to get it from faucets like that
[2015-10-12 19:38:08] AudibleScience : oh! lol yeah!... that would be something else!
[2015-10-12 19:39:51] BitMEX_Sam : There are small faucets that will give you a few thousand satoshis now and then. Complete waste of time, though.
[2015-10-12 19:40:38] AudibleScience : BitMEX_Sam: Yeah... I'm still getting to understand how everything works... but I think I understand the DPE a bit more now... and it seems like a really logical solution. But I do have a new question regarding that actually.
[2015-10-12 19:40:45] BitMEX_Sam : Sure
[2015-10-12 19:43:52] AudibleScience : If the loss of trader A is the gain of trader B, but trader A only has say 1% equity in the trade (now with x100)... and everyone is trading with the same x100 leverage, how come there are not DPE events all the time?
[2015-10-12 19:45:04] roby3d : Sam: I got chrome now...Is the same!
[2015-10-12 19:45:14] AudibleScience : Or where are the profits coming from?
[2015-10-12 19:46:03] AudibleScience : if not the equity of trader A, nor a loss the system has to contend with?
[2015-10-12 19:47:37] AudibleScience : (or do I need to re, re-read the reference material lol)
[2015-10-12 19:47:56] BitMEX_Sam : roby3d: See your email
[2015-10-12 19:48:22] BitMEX_Sam : AudibleScience: Systemic losses only occur when a user reaches negative equity (bankruptcy).
[2015-10-12 19:48:47] BitMEX_Sam : To fight this, the system automatically exits users out of their positions before they reach bankruptcy, and submits orders into the market to try to exit the position favorably, or at least not at a loss.
[2015-10-12 19:49:06] BitMEX_Sam : Any favorable exits offset unfavorable ones, and in the end, if there is still a net loss, the DPE % goes up.
[2015-10-12 19:56:11] AudibleScience : Think I get it now. It was just the "B can only lose his initial margin" in the example that confused me for a while...
[2015-10-12 19:59:04] AudibleScience : But it cannot really happen unless the trader has no stop loss in place and has decided to go to sleep with an live trade going on, and then the market moves against him in a major way... Is that right?
[2015-10-12 19:59:39] BitMEX_Sam : Right
[2015-10-12 19:59:56] BitMEX_Sam : With lower leverage, you'd expect bankruptcies to happen very seldom, only with large moves or illiquid markets
[2015-10-12 20:00:06] BitMEX_Sam : With higher leverage they are much more common so the system must be prepared for it.
[2015-10-12 20:01:11] AudibleScience : very cool, thanks man... I fully get it now!
[2015-10-12 20:02:43] j8 : at least any losses are cleared daily for `XBT24H`
[2015-10-12 20:23:08] zanza : 100x leverage PogChamp
[2015-10-12 20:40:22] zanza : 70k ask :)
[2015-10-12 22:32:56] peasant-wizard : When I am short and setting a stop, is it a OCO type situation? Either my limit price is hit or my stop, one cancels the other?
[2015-10-12 22:36:04] BitMEX_Sam : peasant-wizard: No, think of it as setting a limit order that's only placed when the market hits your trigger price
[2015-10-12 22:36:16] BitMEX_Sam : The little `?` icons explain it pretty well.
[2015-10-12 22:36:33] BitMEX_Sam : The Stop orders are Limit orders, not Market orders, so you have to set a price.
[2015-10-12 22:37:58] peasant-wizard : ! I didn't realize there was flyouts with that information - thank you
[2015-10-12 22:40:25] BitMEX_Sam : Sure - they're everywhere. Anything with a question mark or an underline has a tooltip, there are a few others as well.
[2015-10-12 22:55:41] peasant-wizard : So in the Stop Limit Buy Example, the trader who is short exits his position at $111? The stop trigger submits the limit order to the books in advance of the price getting there, as opposed to being possibly run over with just a limit order?
[2015-10-12 22:57:05] BitMEX_Sam : So let's say you're short at $100 and you want to cut your losses around $110 if the market moves against you.
[2015-10-12 22:57:11] BitMEX_Sam : You couldn't just place a buy at 110 because it would fill immediately.
[2015-10-12 22:57:41] BitMEX_Sam : So in this example, once the market hits 110, an aggressive buy (at 111) will enter the market to get the user out of his position.
[2015-10-12 22:58:22] BitMEX_Sam : Just noticed a typo in the second example, will fix.
[2015-10-12 23:00:25] peasant-wizard : Hmm - having a hard time with this for some reason. Will keep reading
[2015-10-12 23:00:56] peasant-wizard : How would one create a one-cancels-the-other type of order?
[2015-10-12 23:01:49] BitMEX_Sam : At this time, that's not possible.
[2015-10-12 23:04:33] peasant-wizard : I'm short and in profit but want to exit my position. I think the market will go lower and I'm willing to wait, but if it rises against me I want to sell. Ideally one would cancel the other so action doesn't exit and then re-enter a trade. Does this make sense?
[2015-10-12 23:05:25] BitMEX_Arthur : If you are short, then buy back the same quantity to close your position
[2015-10-12 23:05:34] peasant-wizard : Yes certainly
[2015-10-12 23:06:11] peasant-wizard : Coming from BFX, my strategy has been to get into positions that are immediately profitable, and then set OCO orders like I described
[2015-10-12 23:06:37] peasant-wizard : I want to entirely close my position at one price or the other
[2015-10-12 23:07:20] BitMEX_Arthur : You can set a limit buy order at the price you wished to close out the order
[2015-10-12 23:08:40] BitMEX_Sam : peasant-wizard: That makes sense - at this time you'd have to be sure to close the other order manually, or risk re-entering a position.
[2015-10-12 23:08:54] BitMEX_Sam : But I will add OCO to our list, I agree that it would be useful.e
[2015-10-12 23:12:22] peasant-wizard : Fantastic. I've gotten used to exiting all my positions with OCO, I generally trade pretty conservatively so usually the market goes on a bit without me and if I set a lower / higher limit it usually gets hit. If the market moves against me, my stop is set tight enough that I basically exit the position at market.
[2015-10-12 23:13:11] peasant-wizard : Anyways thanks for the help I'm definitely learning a lot
[2015-10-12 23:13:42] BitMEX_Sam : Sure. I've reworked the stop limit documentation to make it a little clearer. Hope that helps.
[2015-10-12 23:41:05] AudibleScience : Is a "trailing stop" almost the same as what "peasant-wizard" was talking about?
[2015-10-12 23:41:48] BitMEX_Arthur : Yes a trailing stop is similar, we are working on more advanced order types, so we welcome feedback from users to help us know what to prioritise
[2015-10-12 23:47:48] AudibleScience : I think intuitive to use trailing stop order types are very nice for traders who want to maximise profit by keeping a profitable position open until just after the very best market price - simply the specified "trailing" amount right after it changes direction, even if unattended.
[2015-10-13 00:50:03] cryptokeeper : what exchanges do you peg numbers from again?
[2015-10-13 00:51:05] BitMEX_Sam : cryptokeeper: The XBT indices come from https://tradeblock.com/markets/index/
[2015-10-13 00:51:30] cryptokeeper : so it is a aggregate price from multiple exchanges
[2015-10-13 00:51:30] cryptokeeper : k
[2015-10-13 00:51:56] BitMEX_Sam : Yes. The weightings chance dynamically depending on volume and can deemphasize an exchange if it becomes too much of an outlier
[2015-10-13 00:52:07] BitMEX_Sam : i.e., manipulation would require manipulating all markets simultaneously
[2015-10-13 00:52:43] cryptokeeper : Right.
[2015-10-13 00:52:48] cryptokeeper : cross-exchange...
[2015-10-13 00:52:53] cryptokeeper : which is possible... but less likely
[2015-10-13 00:53:08] BitMEX_Sam : Much less likely. Honestly we're more concerned about software bugs in the usual case than actual manipulation
[2015-10-13 00:53:31] BitMEX_Sam : As we've seen in the past with finex, and before that, stamp and lakebtc
[2015-10-13 00:53:40] cryptokeeper : before you guys were pegged to BFX spot right?
[2015-10-13 00:53:45] cryptokeeper : but changed that recently?
[2015-10-13 00:54:04] cryptokeeper : because of the flash crash?
[2015-10-13 00:54:20] BitMEX_Sam : Yes - we had been planning moving to TradeBlock for a while, but expedited the migration after the flash crash
[2015-10-13 00:54:33] BitMEX_Sam : Finex had been shaky for some weeks, even before the crash
[2015-10-13 00:54:41] BitMEX_Sam : We were recording about a dozen API outages a day
[2015-10-13 00:55:40] cryptokeeper : oh yeah... time to go at that point
[2015-10-13 00:56:07] BitMEX_Sam : For sure. If anything, we were just sick of all the outage alerts
[2015-10-13 00:56:08] cryptokeeper : I suppose you guys were using the regular api dished out to all customers?
[2015-10-13 00:56:19] cryptokeeper : they didnt even send emails... just tweets.
[2015-10-13 00:56:21] BitMEX_Sam : Yes - we tried the beta websocket but it was clear they weren't maintaining it
[2015-10-13 00:56:23] cryptokeeper : not good.
[2015-10-13 00:56:27] BitMEX_Sam : I mean, our own systems threw errors
[2015-10-13 00:56:38] cryptokeeper : I see..
[2015-10-13 00:56:41] BitMEX_Sam : Because the index data was stale. So we were motivated to fix it, rather than just shut off the alerts
[2015-10-13 00:57:05] BitMEX_Sam : Strangely, they have a new websocket in their beta.bitfinex.com site, but the old websocket is still active.
[2015-10-13 00:57:10] BitMEX_Sam : I'm not sure what the relationship between the two is.
[2015-10-13 00:58:06] cryptokeeper : I tried the beta site.
[2015-10-13 00:58:12] cryptokeeper : finally they added like active trades going thru
[2015-10-13 00:58:18] BitMEX_Sam : It's smoother. The only real difference is the WS
[2015-10-13 00:58:39] cryptokeeper : Pretty sure both systems are different
[2015-10-13 00:58:40] BitMEX_Sam : Previously they were AJAX polling, which required pretty aggressive caching in order to perform properly
[2015-10-13 00:58:49] BitMEX_Sam : And of course, with caching, you have stale data
[2015-10-13 00:59:46] BitMEX_Sam : In any case it's a good step forward, there should have been a websocket years ago.
[2015-10-13 00:59:56] cryptokeeper : agreed.
[2015-10-13 01:33:50] BitMEX_Sam : Mark is moving fast
[2015-10-13 01:42:57] AudibleScience : anyone think this is the floor we've hit now?
[2015-10-13 01:44:14] peasant-wizard : I was thinking the opposite. I'm opening up shorts, nice tight stop around 250. Happy to change position if we break resistance
[2015-10-13 01:44:44] peasant-wizard : Definitely closing the triangle with this uptrend line and resistance
[2015-10-13 01:45:01] peasant-wizard : ... and upward triangles tend to break down/
[2015-10-13 01:48:05] AudibleScience : interesting... so your stop is where I would be taking profit ...
[2015-10-13 01:49:03] peasant-wizard : Sounds like I'm on a longer time frame :)
[2015-10-13 01:52:12] AudibleScience : I'm on XBT24H at the moment...
[2015-10-13 01:52:47] AudibleScience : still considering myself a noob here really!
[2015-10-13 01:55:56] peasant-wizard : Me too. I've got two shorts open with XBT24H and XBT7D
[2015-10-13 01:59:07] AudibleScience : Cool man! the market seems to be moving in your direction at the moment.
[2015-10-13 02:02:40] peasant-wizard : I'm in it for the long haul and keep my profits in BTC, not particularly phased by the day to day :)
[2015-10-13 02:06:13] AudibleScience : I'm long, now so it will be interesting to see what happens between now and settling time tomorrow...
[2015-10-13 02:06:55] peasant-wizard : Don't forget you can always exit your position early
[2015-10-13 02:08:45] peasant-wizard : There will probably be a bounce from this move if you want to scalp with your long. To me, so close to resistance, I would either short with a close stop, or wait for the breakout to long
[2015-10-13 02:09:09] AudibleScience : Would you if you were me? Its just past 3am here so I'm going to leave it and see what happens... this time!
[2015-10-13 02:09:52] peasant-wizard : I'm definitely not in a position to be telling anyone what to do. Good luck with your trade see you around :)
[2015-10-13 02:10:18] peasant-wizard : Don't forget to set your stop!
[2015-10-13 02:10:33] AudibleScience : However... if I'm wrong on this one, I'll have to start taking some trading tips from you
[2015-10-13 02:51:45] cengel : the embed chart often doesnt update the last price properl
[2015-10-13 02:54:00] BitMEX_Sam : cengel: Yeah, it's on an interval, we had some issues with TradingView last time we tried to get the websocket updating it
[2015-10-13 03:01:16] cryptokeeper : this is stale info in faq. fyi
[2015-10-13 03:01:18] cryptokeeper : How is the settlement price calculated? On expiry day, BitMEX takes the 10:00 UTC to 12:00 UTC Time Weighted Average Price (TWAP) on Bitfinex. Every minute BitMEX records the last traded price and takes an average of all values.
[2015-10-13 03:01:37] cengel : theres no manual update button or anything? how long is the interval,
[2015-10-13 03:02:03] cryptokeeper : question about the 24H. you can close your position at any time but you need to wait until the settlement hour to withdraw btc?
[2015-10-13 03:02:18] cengel : yea because they need to wait to see if DPE is the
[2015-10-13 03:02:26] cengel : so it's withheld profit until sttlement
[2015-10-13 03:02:31] cryptokeeper : DPE?
[2015-10-13 03:02:36] cengel : socialised losses
[2015-10-13 03:02:41] cryptokeeper : right.
[2015-10-13 03:02:43] cengel : they call it DPE here
[2015-10-13 04:09:13] j8 : BitMEX_Sam: when I press backspace in the order controls, it deletes two digits instead of one
[2015-10-13 04:10:01] BitMEX_Sam : j8: Sure does, thanks
[2015-10-13 04:27:50] BitMEX_Sam : j8: That's fixed if you refresh, thanks for the notice.
[2015-10-13 04:28:35] j8 : cool np.
[2015-10-13 08:56:21] gaoMex : Price is up by $3. Might be due to the blockstream news. https://blockstream.com/2015/10/12/introducing-liquid/
[2015-10-13 08:59:25] BitMEX_Arthur : Maybe what value is there in this?
[2015-10-13 09:00:00] DunningKruger : gaoMex: I would say that news isn't necessarily bullish for Bitcoin.
[2015-10-13 09:00:02] cengel : oo looks cool
[2015-10-13 09:00:15] cengel : wont that arbing easier?
[2015-10-13 09:00:23] cengel : make arbing
[2015-10-13 09:00:28] BitMEX_Arthur : Bitcoin isn't the issue, it's fiat
[2015-10-13 09:00:45] BitMEX_Arthur : It only takes 10 minutes to move your Bitcoin, but moving your USD or CNY around is the skilled part
[2015-10-13 09:01:40] gaoMex : BitMEX_Arthur: Need to think deeper. Effectively, the exchanges might be combining their order books.
[2015-10-13 09:02:11] DunningKruger : Interesting
[2015-10-13 09:02:44] gaoMex : Agree it's for BTC, not fiat.
[2015-10-13 09:03:41] DunningKruger : I see BTCC are signed-up, not Huobi or OKC - no surprise
[2015-10-13 09:04:08] BitMEX_Arthur : I don't think this has any impact on the price
[2015-10-13 09:04:11] BitMEX_Arthur : just a nice feel good story
[2015-10-13 09:04:50] DunningKruger : Agreed and as you say, 10 mins conf time is not a problem for me anyway.
[2015-10-13 09:05:10] cengel : been ages since i got 10 minutes on a transaction with normal fee
[2015-10-13 09:05:27] DunningKruger : cengel: no only places like here that allow you to use funds not fully confed
[2015-10-13 09:05:30] BitMEX_Arthur : Yeah fees have to go up though, Bitcoin isn't charity
[2015-10-13 09:05:46] cengel : lol well yea if i want to get it there ill pay the price but still
[2015-10-13 09:06:10] BitMEX_Arthur : If you are sending dust it might be expensive
[2015-10-13 09:07:33] cengel : im old enough to remember when bitcoin was sold as being free instant transactions :)
[2015-10-13 09:12:28] cengel : so we can assume BitMEX wont be participating in Liquid?
[2015-10-13 09:12:48] gaoMex : If order books for spot market can be combined, why not futures market. Something that BitMex might want to consider.
[2015-10-13 09:13:29] BitMEX_Arthur : Well every exchange's futures contract is different
[2015-10-13 09:14:21] gaoMex : Different and also similar. Weekly, Monthly. Some settle on Fri, some on Sat.
[2015-10-13 09:14:42] gaoMex : Not difficult to sync if really want to.
[2015-10-13 09:16:52] BitMEX_Arthur : Well clearing, settlement, and custody of funds
[2015-10-13 09:17:05] BitMEX_Arthur : will be tricky, i don't see that happening in any near future
[2015-10-13 09:19:08] gaoMex : Can see how the exchanges involved do it first. Bitfinex, Kraken....
[2015-10-13 09:20:04] BitMEX_Wally : You can merge spot because Bitcoin is fungible
[2015-10-13 09:20:33] cengel : unless you got haxcoins
[2015-10-13 09:21:10] BitMEX_Wally : These are all different between exchanges
[2015-10-13 09:21:14] BitMEX_Wally : But futures depend on the settlement time, the settlement index, the custody of margin, the counterparty risk, etc. etc.
[2015-10-13 09:48:30] laisee : Liquid? solving the wrong problem in the wrong place, methinks. .
[2015-10-13 10:39:41] Myros27 : why cant i withdraw my btc's?
[2015-10-13 10:42:43] Myros27 : oh my email
[2015-10-13 10:57:18] aethlios : anyone knows if at expiration an open position that closes automatically is charged with transaction fees?
[2015-10-13 10:57:21] BitMEX_Wally : Myros27: Yes, you have to click the confirmation link in the email within 30 minutes, otherwise the withdrawal request expires
[2015-10-13 10:58:01] BitMEX_Wally : aethlios: Positions still open at settlement is charged the takerFee
[2015-10-13 11:51:42] cengel : mark not updating?
[2015-10-13 11:52:51] BitMEX_Wally : cengel: Let me check
[2015-10-13 11:54:24] BitMEX_Wally : `XBT24H` settles on `.XBT30M`
[2015-10-13 11:54:33] BitMEX_Wally : We are currently within the 30 minute calculation period
[2015-10-13 11:55:32] BitMEX_Wally : So the indicative settle price and hence mark price will update each minute with the cumulative average
[2015-10-13 11:56:05] cengel : gotcha
[2015-10-13 11:58:08] hashman : why cant i buy on xbt24hr?
[2015-10-13 11:58:32] BitMEX_Arthur : It settles in 2 minutes there will be a new daily contract in 2 mintues
[2015-10-13 11:58:35] hashman : order could not be submitted
[2015-10-13 11:58:39] hashman : ok
[2015-10-13 11:58:54] hashman : it disbales buys right beforee settlement?
[2015-10-13 12:00:56] BitMEX_Arthur : The new XBT24H is now live
[2015-10-13 12:02:08] Matthew.v : !!!!
[2015-10-13 12:03:40] cengel : is margin on xbt7d still 50x? the math seems off
[2015-10-13 12:03:44] BitMEX_Wally : hashman: Buying is not disabled, the error message should give more information
[2015-10-13 12:04:10] stf28 : there's a prroblem in margin calculations*
[2015-10-13 12:04:19] cengel : +1
[2015-10-13 12:04:28] stf28 : you can't liquidate your position in one shot
[2015-10-13 12:05:16] cengel : now it s working
[2015-10-13 12:05:23] cengel : wsa 5x before
[2015-10-13 12:06:57] cengel : doh
[2015-10-13 12:07:30] BitMEX_Wally : cengel: `XBT7D` is 50x were you looking at `XBU`?
[2015-10-13 12:07:56] cengel : no it was xbt7d ad it showed margin as 1/10 what normal was
[2015-10-13 12:08:08] cengel : i refreshed, its back
[2015-10-13 12:10:28] Yumi : there is problem with limit price box, if I enter 250.11 then change it to 250.1 and execute, it goes to order book with old price of 250.11
[2015-10-13 12:12:27] BitMEX_Wally : Yumi: I've replicated the bug, we'll fix ASAP
[2015-10-13 12:12:52] BitMEX_Wally : Yumi: Work around is to type `250.10`
[2015-10-13 12:22:08] Ontita : Hi Wally
[2015-10-13 12:23:48] Ontita : Meanwhile: At the Active Orders tab, would it be possible to have a hide/reveal function? Some toggle so as to view only related orders
[2015-10-13 12:24:17] Ontita : Something like the photoshop/illustrator layer "eye"
[2015-10-13 12:39:50] BitMEX_Wally : Ontita: If you switch the Dashboard Layout to 'Advanced' then there is an extra tab containing just the orders of the currently selected instrument
[2015-10-13 12:41:04] Ontita : Cool, lemme play with this, ow, isn't this what used to be?
[2015-10-13 12:41:55] BitMEX_Wally : Yes, we just made the 'Basic' default
[2015-10-13 12:42:15] Ontita : Thanks
[2015-10-13 12:44:11] BitMEX_Wally : Yumi: We have rolled back a change we made to the order entry box, this fixes the order entry issue but has re-introduced a double backspace bug for now. We'll fix properly ASAP
[2015-10-13 13:02:00] lnostdal : .. is there some nice way of closing a position (limit) without opening a new one in the opposite direction?
[2015-10-13 13:02:24] BitMEX_Arthur : If you are long 100 contracts, submit a sell order of 100 conracts to close your position
[2015-10-13 13:02:35] BitMEX_Arthur : Or you can go to the Close Position tab and click Close Position
[2015-10-13 13:02:56] BitMEX_Arthur : and it will submit an order to close out your entire position for the selected contract
[2015-10-13 13:03:05] lnostdal : yeah, but too lazy to type in correct amount of contracts
[2015-10-13 13:04:07] BitMEX_Sam : Inostdal: The close position button is what you want, then
[2015-10-13 13:04:09] lnostdal : on ok.com it's easy to close positions just by clicking around .. and it never opens a position in the opposite direction .. i miss that
[2015-10-13 13:04:18] lnostdal : nah, that does a market order
[2015-10-13 13:04:19] lnostdal : want limit :)
[2015-10-13 13:04:42] BitMEX_Sam : I see. We could make clicking on your position fill in the boxes in the order controls, that would help
[2015-10-13 13:04:50] lnostdal : and i know the bots instantly remove support or resitance if i use market orders .. heh
[2015-10-13 13:04:58] lnostdal : yep
[2015-10-13 13:05:00] BitMEX_Sam : Inostdal: That's not possible here
[2015-10-13 13:05:00] cengel : under the open positions panel that would be a good function
[2015-10-13 13:05:13] BitMEX_Sam : You can't front-run any order
[2015-10-13 13:11:33] lnostdal : just check out the ok.com UI ..easy to close 100% of your position with limit order using just 2 clicks .. (first click in the order book sets both amount of contracts (but never more than your total open order) and the price, then a click in the "open positions" list at the bottom) everything in one screen or tab too
[2015-10-13 13:13:31] lnostdal : clicking the order book will actually fill in contracts and prices for two things at the same time on the same screen for your next step depending on what you want to do .. it fills in stuff in the open orders list for you to close if you want that, and fills in the fields for opening new orders if you want that
[2015-10-13 13:25:40] cengel : yea a button down in Open Positions
[2015-10-13 13:26:15] cengel : could be nice
[2015-10-13 13:26:57] BitMEX_Sam : So, clicking a position will actually already fill in the order controls for the amount
[2015-10-13 13:27:40] BitMEX_Sam : But only when clicking the number. I'll make some tweaks
[2015-10-13 13:28:26] cengel : i guess maybe it doesnt make sense to execute from down there?
[2015-10-13 13:28:39] BitMEX_Sam : Nah, I don't think so -
[2015-10-13 13:28:47] BitMEX_Sam : But the flow that Inostdal described on OKC is exactly possible here
[2015-10-13 13:28:55] BitMEX_Sam : Click the book to get a price, then click your position qty to autofill the order controls
[2015-10-13 13:28:56] BitMEX_Sam : Then execute
[2015-10-13 13:29:36] cengel : well OKC0in works from Open Positions you close with limit there
[2015-10-13 13:32:55] BitMEX_Sam : cengel: Okay - I'll do some usability testing there and see what we can come up with to reduce the typing
[2015-10-13 13:39:58] j8 : bigger contract size would be nice for one thing... inputting 4 or 5 digits is a mess
[2015-10-13 13:48:01] j8 : or maybe just a UI option for lot size
[2015-10-13 13:49:03] cengel : +1
[2015-10-13 13:51:08] cengel : could knock off a couple zeros i doubt it would matter
[2015-10-13 13:56:33] j8 : at the moment 1 contract is only worth about 63 cents can be placed with 2800 sats of margin at 100x
[2015-10-13 13:56:56] cengel : yes
[2015-10-13 14:05:38] BitMEX_Sam : Contrast this to OKC though, where your absolute minimum position size is 0.4 BTC, and it will round up without notice
[2015-10-13 14:05:46] roby3d : j8: +1 for custom lot size ....so every people set own "default" lot size... so for example If I set 500 ... when I go to order control tab for opening a new position ....I can write only 8 and click buy ... for opening 4000 usd long
[2015-10-13 14:06:50] cengel : sure it's better to have a lower minimum, but its too far opposite extreme
[2015-10-13 14:07:07] j8 : yeah, somewhere between is good.
[2015-10-13 14:13:07] roby3d : the minimum here is 1 usd... right ? so ... we need only a own custom default moltiplicator setting which compile quantity order for us ... so.. we can use moltiplicator lot size or put number of usd like now
[2015-10-13 14:14:09] j8 : no it's one contract, which is worth 0.00001*price in BTC
[2015-10-13 14:14:37] j8 : or 0.00001*price*price in USD
[2015-10-13 14:14:49] roby3d : ops... sorry .. my mistake.
[2015-10-13 14:15:43] j8 : something like that would be useful, then it's just annoying to have fractional amounts fill
[2015-10-13 14:16:53] j8 : but maybe easier to implement UI side, so all the accounting stays the same
[2015-10-13 14:20:31] BitMEX_Sam : Quick question, in the orderbook - do you think it's better to have a row click fill out both the price and quantity in the order controls, or should it just fill out the number you're clicking?
[2015-10-13 14:20:45] BitMEX_Sam : For example, clicking a price only changes your price, and a quantity only the quantity
[2015-10-13 14:21:02] j8 : both is good
[2015-10-13 14:21:43] BitMEX_Sam : Was thinking it would be nice for closing orders. You could click your position, then a price anywhere on the orderbook, and execute (rather than having to do orderbook first).
[2015-10-13 14:22:06] j8 : oh i see.hm
[2015-10-13 14:25:17] j8 : well if it does both then it's two clicks for a usual taker limit order, three for limit close position
[2015-10-13 14:28:34] j8 : maybe more foolproof the other way for closing but you lose the other function
[2015-10-13 14:28:44] roby3d : @BitMEX_Sam : depend of type of work on moment .... maybe a small flag between quantity and limit price to activate the split ?
[2015-10-13 14:29:24] BitMEX_Sam : I see... that seems like too much configuration at the moment. Probably best to keep it as it is
[2015-10-13 14:52:34] peasant-wizard : Daaaaang I'd like to reiterate a request for OCO orders
[2015-10-13 14:52:54] peasant-wizard : Hard to walk away from a profitable position without them
[2015-10-13 14:54:08] peasant-wizard : I got stopped out of both my positions at a loss, no big deal tight stop, but I would have loved to set an OCO and gotten stopped out in profit
[2015-10-13 15:16:01] cryptokeeper : yeah yesterday was a crazy ass fake out hey?
[2015-10-13 15:16:11] cryptokeeper : I got fully liquidated on my testnet stuff..... shocked! :P
[2015-10-13 15:18:49] BitMEX_Sam : Tough luck, losing all those valuable TBTC
[2015-10-13 15:21:03] peasant-wizard : cryptokeeper: My account is very small. Too much of a gambling man for paper trading I'd rather lose real money :D
[2015-10-13 15:27:58] peasant-wizard : I'm having a hard time understanding Isolate Margin. The number displayed next to the button is slightly counter-intuitive yes? Un-clicked (default) I'm at full leverage and the number prompts what my Isolated margin would be if enabled. When I clicked I'm isolated at the initial number and the new number prompts full leverage?
[2015-10-13 15:28:29] peasant-wizard : the liquidation price changing is a big clue
[2015-10-13 15:28:58] BitMEX_Arthur : If Isolate Margin is checked it will lock out the minimum margin required
[2015-10-13 15:29:21] BitMEX_Arthur : Assuming you have additional funds in your account, if you uncheck Isolate Margin your leverage will decrease
[2015-10-13 15:32:39] peasant-wizard : And with it being dynamic, it could be switched on when the market moves against you to raise your liquidation, or turned off when your about to take profit?
[2015-10-13 15:33:06] BitMEX_Arthur : It only changes when you the user check or uncheck the box
[2015-10-13 15:33:11] peasant-wizard : Is there documentation on it beyond the flyout? I don't see it in Lesson 2: Margin
[2015-10-13 15:35:06] BitMEX_Arthur : No there isn't any additional documentation, there seems to be a lot of confusion around it, we will put something in the references
[2015-10-13 15:35:36] peasant-wizard : It being dynamic is what is confusing and exciting me. Essentially, is it a tool I should be using with each trade? Follow the market at full leverage but when the market moves against me isolate margin to formulate an escape?
[2015-10-13 15:36:22] cengel : im eager for the new API call to reach for adding margin to isolated position
[2015-10-13 15:36:27] cengel : for adjustable leverage :)
[2015-10-13 15:37:05] BitMEX_Arthur : If you don't want your wider account balance affected by losses on a contract use Isolate Margin
[2015-10-13 15:38:19] j8 : peasant-wizard: better to use stop orders than to plan for liquidation, when you're liquidated you lose your maintenance margin
[2015-10-13 15:39:31] peasant-wizard : j8: Heheh most definitely. I'm very curious about strategies because of the real-time changing of leverage - hard to wrap my mind around
[2015-10-13 15:42:26] j8 : well it doesn't change your position size, just your liquidation price.
[2015-10-13 15:43:40] peasant-wizard : Trying real hard to understand, lots of new stuff on this platform
[2015-10-13 15:47:35] BitMEX_Sam : It's very similar to turning fixed margin on and off on OKC, except you can do it on a live position
[2015-10-13 16:06:26] cryptokeeper : so the question is... say you uncheck isolate margin... it gives you more wiggle room... goes past your 100x liquidation price
[2015-10-13 16:06:39] cryptokeeper : by a dollar per say... what if i clicked isolate margin off again.... would that auto-liquidate me?
[2015-10-13 16:12:54] j8 : no it isolates new maintenance margin and gives you a new liquidation price
[2015-10-13 16:18:36] cryptokeeper : j8: cool thx
[2015-10-13 16:32:22] cengel : soon we can adjust the margin allocated
[2015-10-13 16:32:40] cryptokeeper : oh yeah? like a slider?
[2015-10-13 16:32:42] cryptokeeper : 1x to 100x?
[2015-10-13 16:32:56] cengel : yea the engine guy said its done just waiting for API push
[2015-10-13 16:37:16] j8 : down to 0x really, you can have more margin than the position is worth
[2015-10-13 16:38:09] cryptokeeper : Right. When this happening
[2015-10-13 16:38:22] cengel : he didnt mention an ETA
[2015-10-13 16:38:39] cengel : only that the engine is setup
[2015-10-13 16:50:48] cryptokeeper : cool
[2015-10-13 18:02:48] AudibleScience : BitMEX_Sam: are you there?
[2015-10-13 18:02:55] BitMEX_Sam : Yep
[2015-10-13 18:03:38] AudibleScience : Thanks for getting back to me... but I still have a question about the Realised PNL column:
[2015-10-13 18:04:55] AudibleScience : I have a small position open right now... and it is a new long position... so how can it have any Realised PNL at this stage in the trade?
[2015-10-13 18:05:12] BitMEX_Sam : XBT24H?
[2015-10-13 18:05:19] AudibleScience : yeah
[2015-10-13 18:05:30] BitMEX_Sam : It includes realized PNL from earlier expiries
[2015-10-13 18:06:11] AudibleScience : oh
[2015-10-13 18:06:16] BitMEX_Sam : On relisting contracts like 7D and 24H, unrealised is essentially this period's PNL, and realised is all previous periods summed
[2015-10-13 18:07:33] BitMEX_Sam : Some of that behavior changed recently so I will need to double check with Wally on that.
[2015-10-13 18:08:30] AudibleScience : okay... we can just leave it an open question for now...
[2015-10-13 18:09:53] AudibleScience : Thanks Sam
[2015-10-13 18:10:33] BitMEX_Sam : Sorry, I was incorrect - if there is realised PNL, it is because you had a position open, then closed it. Previous expiries do not stay in realised PNL on relisting contracts.
[2015-10-13 18:11:56] BitMEX_Sam : Commissions (taker fees) also count negatively toward realised PNL.
[2015-10-13 20:20:01] zanza : anyone making monies today?
[2015-10-13 20:21:09] j8 : not a bad day
[2015-10-13 20:24:13] j8 : trying not to be too tempted by the high leverage.
[2015-10-13 20:40:00] daverich204 : Is there an example floating around on how one could use primus + engine.io to connect to the WebSocket API?
[2015-10-13 20:56:07] BitMEX_Sam : daverich204: Let me see if I have one
[2015-10-13 20:56:24] BitMEX_Sam : For most tools, it's not necessary - unless you're building something for the web?
[2015-10-13 20:57:58] daverich204 : Yeah, it's a browser based tool for personal use. I'm trying to essentially re-create a simple interface for BitMEX, show "active orders", "positions" held, availbale contracts, current prices, etc.