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Author Topic: Buy Orders on Bittrex with Gunbot  (Read 4144 times)

Offline victoryu

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Buy Orders on Bittrex with Gunbot
« on: January 04, 2018, 01:37:07 AM »
Hello,

Has anyone been able to place buy orders with Gunbot XT Edition or Gunbot in general?  It looks like there is some issue with placing buy order with Gunbot XT Edition.  First it's waiting to trade.  After timeout is over, the error occurs.  Thanks!

GBXT_v7.0.2 ETH-XLM Round # 4
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 ɢՍͶ฿Ǿͳ XT Edition  Scanning bittrex for trading opportunities 2018/01/03 20:04:02
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Last trade P/L for ETH-XLM was: 0.000 %
************************************************************************************************
Waiting to trade...Safety Switch is on...
************************************************************************************************

GBXT_v7.0.2 ETH-XLM Round # 5
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 ɢՍҊɃͳ XT Edition  Scanning bittrex for trading opportunities 2018/01/03 20:04:16
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Last trade P/L for ETH-XLM was: 0.000 %
Error: [object Object]
    at errorHandler (C:\snapshot\Gunbot-master\ctx-wrapper.js:0:0)
    at
    at process._tickCallback (internal/process/next_tick.js:169:7)

Offline victoryu

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Re: Buy Orders on Bittrex with Gunbot
« Reply #1 on: January 04, 2018, 11:50:52 AM »
I think I figured out what the issue is.  I tried using Gunbot 7.0.1, and got the error message, Error: MIN_TRADE_REQUIREMENT_NOT_MET.  After doing some research, it looked to me that MIN_TRADE_REQUIREMENT_NOT_MET means that the buy order didn't meet Bittrex's minimum trading requirement of 0.001 BTC. 

Each Gunbot strategy has the parameter TRADING_LIMIT with default value 0.001.  So if I'm trading ETH-XLM pair, and the price of Lumen in Ethereum is 0.00094 ETH/XLM, then Gunbot could buy at most (0.001 ETH) / (0.00094 ETH/XLM), which is around 1.063830 XLM.  Given the price of of Lumen in Bitcoin is 0.00005910 BTC/XLM, 1.063830 XLM is about (0.00005910 BTC/XLM) * (1.063830 XLM) = 0.000062872 BTC, which is less than Bittrex's minimum trade requirement of 0.001 BTC.

I changed the value of the TRADING_LIMIT parameter from 0.001 to 0.15 for bbstepgain strategy.  In this case, Gunbot could buy at most (0.15 ETH) / (0.00094 ETH/XLM), which is around 159.57447 XML, which is about (0.00005910 BTC/XLM) * (159.57447 XML) ~ 0.009431 BTC, greater than Bittrex's minimum trading requirement of 0.001 BTC.

After the TRADING_LIMIT value was updated, Gunbot was able to place a buy order, and the order was completed in Bittrex.  Thanks!

Error: MIN_TRADE_REQUIREMENT_NOT_MET
    at errorHandler (C:\snapshot\Gunbot-master\ctx-wrapper.js:0:0)
    at <anonymous>
    at process._tickCallback (internal/process/next_tick.js:169:7)

Offline newmm

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Re: Buy Orders on Bittrex with Gunbot
« Reply #2 on: January 28, 2018, 05:33:54 AM »
 :) THANK YOU FOR ANSWER~

Offline simon

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Re: Buy Orders on Bittrex with Gunbot
« Reply #3 on: April 19, 2019, 09:40:59 PM »
Thanks victoryu. It helped me point to my problem, that I had set up also TV_TRADING_LIMIT_CAP very low, when I wanted to trade with pair USDT-BTC.

Offline olliecrypto

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Re: Buy Orders on Bittrex with Gunbot
« Reply #4 on: April 20, 2019, 10:35:49 AM »
Minimum orders sometimes mess up my trades as well, usually when I update my bot or do a fresh install.
I forget about the minimum sell and buys until it crashes my bot.
Thanks for reminding me to check this portion, as I was about to install Gunbot on my new machine.
My favorite Trading Tool :
Gunbot - the Automated Cryptocurrency Trading Bot
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