Hello, I noticed two cancelled limit orders on the exchange at the time the bot tried to enter a long.
The bot wanted to enter a trade using BBTA and although the price went under the lower Bollinger band and crossed back up again with the log file saying "BOUGHT" - after looking on the exchange, there were two limit orders at that time that were both canceled - the trade didn't happen.
Was this because the bot was placing a limit order at a slightly lower amount than the ask price reached?
Can I prevent this by switching the bot to "Market buy" in the Misc settings?
Are there any disadvantages to using market buy?
I guess with long periods between cycling pairs it might be better using limit buy, but my bot is cycling just one pair every 4 seconds, so I know the ask price can't change by much in that time, therefore running it by using market orders would be safe in that regard.
Cheers folks.