What causes this error?
You may encounter the message "Temporarily lockout by Kraken. Stopping bot for 15 minutes" when trading on the Kraken exchange. This typically occurs in two situations:
When placing too many orders
When you have multiple open orders that can't be automatically canceled due to high nonce values in your Kraken configuration
What are the solutions?
To minimize the occurrence of this error, we recommend implementing these measures:
Use two separate Kraken API keys for your trading activities
Ensure you have set the nonce value to 10,000 in your configuration see step 5 in this guide.
Remove orders manually that can't be canceled
Don't use Kraken on a Market Making or Arbitrage Bot
Consider using Coinbase or another exchange that is available in your jurisdiction
Important notes
Kraken is currently the only exchange where we experience API rate limit issues
We maintain regular communication with Kraken regarding these limitations
While this situation can be frustrating, the error message is a limitation of Kraken's system and can't be circumvented
If you need additional assistance with your Kraken API setup, please consult our detailed guide or contact our support team.