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Author Topic: New Bittrex ORDER PLACEMENT UPDATE - will it affect the Gunbot  (Read 3922 times)

Offline GUI No0b

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New Bittrex ORDER PLACEMENT UPDATE - will it affect the Gunbot
« on: November 27, 2017, 08:25:58 AM »
Hi Gunthy, guys,

Guess you also received the following letter:

Quote
This email is to communicate policy changes for placing orders on Bittrex.  As you know, Bittrex is committed to providing fair and efficient price discovery and these changes are designed to improve the overall trading experience on our markets.
 
Removing stale orders:  Effective today, Bittrex will be removing orders that are older than 28 days.  As we’ve communicated in the past, many of these orders have no reasonable expectation of being filled and clog the order books.
 
Raising the minimum trade size:  Within the next 2 weeks, the minimum allowable trade value for orders will go from 50,000 Satoshi to 100,000 Satoshi.  We will also require a minimum trade quantity on a per market basis.
 
Creating minimum tick sizes: Within the next 2 weeks, on a per market basis, we will be instituting minimum tick sizes that are based on the current price of the market.  The target is to have minimum trade sizes that are near 0.1% of the current price.  The current minimum tick size is 1 Satoshi.  For example, Ethereum trades at 0.0577 Bitcoin.  Bids and asks can only be placed in 0.0001 increments.  So the next levels allowable levels on the order book will be 0.0576 and 0.0578.
 
A general statement about market manipulation tactics:  Bittrex actively discourages any type of market manipulation, including pump groups.  Consistent with our terms of service, we will suspend and close any accounts engaging in this type of activity and notify the appropriate authorities.   
 
For more details around these policy changes, see this article.  https://support.bittrex.com/hc/en-us/articles/115003004171
 
Thank you,
 
Bill Shihara
Chief Executive Officer

Do you think some of these may affect the way Gunbot is operating (my particular version is 3.3.2)? I'm mostly concerned about the underlined part...