Quote from: Dargo on January 16, 2014, 09:32:52 PM

Quote from: tbosman on January 15, 2014, 04:32:23 PM

Any luck asking for higher limits? I've "pitched" my algo because they were reluctant to up the limits on account of my balance being small, but i'm still waiting on the response. I'm would like to now what kind of a rates i should think of for a volume of around 10-20K usd per day.

Related to this, i understand kraken values its trading engine resources highly. I really think you should krank down the decimals allowed for prices. 5 decimals
at 600 eur per btc is insignificantly low compared to transaction cost and spread, especially with these kinds of volumes. I sometimes see bots trying to outbid eachother for 0.00001 price differences, which does almost nothing for the spread nor trading volume but takes up just as much resources nonetheless. Incidentally it also makes it much easier to see what average price at size is going to be when looking at the orderbook.

I'd say 2 decimals is more then enough, which is relatively still higher then the ticksize in fiat forex, where volume is much higher, volatility lower and transaction cost much smaller. Also bitstamp does it succesfully being one of the biggest players.

Anyone wants to weigh in on this?

edit: Another thing about the api, it seems to me that calls for account balance/trade history/open orders is much less intensive to your system, as this is just a read operation. Maybe it's an idea to have a separate limit for these calls, or let them count towards your limit fractionally or something. To me higher limits are mainly necessary to know faster whether my orders are filled yet this takes away from the amount of orders i can do right now.

tbosman - support did reply to your ticket. Did you not get the response?

I'll run the idea of fewer decimal places by the devs and see what they say. If we made such a change we would of course announce it first.

Hi Dargo,
I got a response to the initial ticket requesting more info about my trading, which i responded to on january 9 (two emails), but haven't heard back since. Not in the spam folder either.