Grid bot "Expiration Reason: Insufficient margin account balance" WTF?

Binance

Cryptocoins Exchanges / Binance 34 Views

Ok so this is the state of affairs I found myself this morning.

I awoke with a message from binance telling me that my eth/usdt grid bot was stopped for "Expiration Purpose: Insufficient margin account stability" so i took a very good loss.

Apparently in the course of the night time the worth of eth went up and the bot started to open brief position at each grid making clearly a unfavorable PNL then ready for the worth to return down for closing those shorts. I do not know why this happened, earlier than I went to bed my margin ratio was zero.22 and the liquidation worth of the grid was at 2900$ so I assumed that I used to be protected (apparently not).

My bots details are:

Mode
Geometric

Worth Vary
1,00zero.00 - 5,00zero.00 USDT

Grid Quantity
149

Profit Per Grid
1.04%

Initial Margin
209.21 USDT

Margin Mode
Cross

Initial Leverage
20x

Strategy Start Worth:

1247.26 USDT

Perhaps I want more collateral in my cross future wallet? However how? My margin ratio, the upkeep margin and the margin stability have been high-quality. I don't know why this occurred and how one can forestall this from occurring once more in the future.

submitted by /u/Sbreggo
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² Maiar - DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments