And now imagine how many people did not know that, as there is no binding description of how execution of orders works. I had to find out by trial and loss. But I heard about sited that allow you limit stop orders in addition to market stop orders. And just as mjr said: do not try to make volume, trade sparsely, change position once per 7 days or so, they are not happy with the fees either, as you heard.

i seen that last night as well
everything seems to be fine now

Ordinarily you would start with a deposit of USD, use that and some more borrowed dollars to buy BTC, then when you close the trade you sell all the BTC back into USD, repay the borrowed amount, then keep the remaining USD as profit.

If you 'claim' instead of 'close' you would only sell as much BTC as you need to, to cover the borrowed USD, and then keep the remaining BTC as profit.


If you set a Trailing Stop Buy with a distance of $10, the trigger price will start at $10 above the current price and follow the market when it moves down (so that you'll buy at a lower price), but stay stationary when the price moves up, so that if it ever goes $10 higher than the prior low-point then the Stop will trigger and buy coins, to either open a Long or close a Short.

If you set a Trailing Stop Sell with a distance of $10, the trigger price will start at $10 below the current price and follow the market when it moves up (so that you'll sell at a higher price), but stay stationary when the price moves down, so that if it ever goes $10 lower than the previous high-point then the Stop will trigger and sell coins, to either open a Short or close a Long.

Bitfinex protection mode activated! Everyone is about to get burned!

Hello

How does the maintenance margin work exactly? Its at 15%

Means if you open a short with $100 to sell $330 worth of BTC, the position can't go more then $50 against you?

If you are -$50 the position automatically closes?

Chinese New Year coming up and Bitfinex's bank CATHAY UNITED will be closed from Feb 18 through Feb 23.

Will there be an alternative setup just like last year?   

Just want to plan accordingly.

Good stuff, I will try to give some information.

Thanks to all who helped out people with questions. Remember you can also look at this link:
https://www.bitfinex.com/pages/support

or this link:
https://www.bitfinex.com/pages/howitworks

where pretty much all of those questions have been answered.

In regards to the margin questions, here is what those sources would say:

"You will receive a margin call when the net value of your account reaches the required margin. When the net value falls below the required margin the position will be forced liquidated. The drop after which you can be liquidated depends on your leverage. When you have a margin position, you will see an estimated liquidation price (the price at which you would be liquidated)."

I appreciate those who explained this perhaps more clearly.

As far as lag, we are very aware of this. We put in place some optimizations to try and reduce the lag on the current system, and we are working very hard to get the new system up and running. It is pretty close, and we are basically just testing it very thoroughly to ensure that there are no unexpected problems when we go live. Ideally, we should be able to transition with no noticeable differences to the user, besides hopefully a much faster execution time. Of course, this is a really big change, and better safe than sorry. We worked really hard to get where we are, and we are still growing so rapidly, but we don't want to jeopardize any of our customers, so we are taking a very cautious approach. We are hoping and expecting to be ready the end of February, but you know what they say about the best laid plans of mice and men...

To those who are spamming negative comments, I appreciated HowardF's response about greener pastures. We are doing our best to provide a good fair exchange where people can access very deep pools of liquidity, and some cool features and tools. Obviously, we can't please 100% of the people 100% of the time, and we are sorry for that. We greatly appreciate those who have given us volume of 2,136,517.89 bitcoins over the last 30 days. We are setting new records on volume all the time now, and rushing to keep up. 2015 will be a big year for us, and once we have our new trading engine in place, expect to see a lot of cool new features and ways to access our market.

So, hopefully that addresses some of what was posted recently. Of course, I look forward to reading your comments.

Is it any good of a position how can I improve further. I am holding on the coins since two days now and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.

Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.

What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?

And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11

Gr8 insight helped me a lot. Followed your suggestion of going for swaps and placed some offers for receive. Cheers.

I have a question regarding deposit addresses. If you generate a new deposit address, are previous addresses still valid? Would a bitcoin sent to any one of your previous deposit addresses show up in your bitfinex account?

I'm mainly interested in thedeposit/new API call, which returns a new deposit address. Does calling this invalidate any previous deposit addresses?