How does MtGox Limit sell work?

-1

MtGox has market orders and non-market orders. From what I know, market orders will execute at the current market price whereas the non-market order will execute only at the price that I have set (or a better price).

I have set a non-market order to sell my coins at $183.44/BTC. However, when I look at my logs, the coins were sold for $181.11002.

I've tried to approach MtGox staff but they are simply beating about the bush. Can someone explain why were the coins sold for a price lower than the price set?

Pacerier

Posted 2013-10-28T11:32:07.830

Reputation: 2 055

When would fees be deducted from your transaction? Is it perhaps just traded at correct amount less trading fee? – Murch – 2013-10-29T10:46:17.643

@Murch, nope the logs are very clear about that. The fees are only deducted after the trade. And the trade occurs at $181.11002 – Pacerier – 2013-10-30T09:13:40.277

Answers

0

I haven't actually looked at the code but this would be my best guess.

When you place a limit order, your order bid/ask is placed into a queue for that price. When the inside price equals the price of your limit order, it will be executed and removed from the queue.

If what your saying has happened then either you made a mistake in placing the order or mtgox's system has a bug.

Loourr

Posted 2013-10-28T11:32:07.830

Reputation: 3 022

I didn't make a mistake. I think it's a bug with their javascript interface and they are trying to wriggle their way through not compensating me – Pacerier – 2013-10-30T09:15:00.673

Asked: 2013-10-28T11:32:07.830

Viewed: 999 times

Active: 2014-04-27T00:18:57.003