Grid bot “Expiration Reason: Insufficient margin account balance” WTF?
Ok so this is the situation I found myself this morning.
I woke up with a message from binance telling me that my eth/usdt grid bot was stopped for “Expiration Reason: Insufficient margin account balance” so i took a good loss.
Apparently during the night the price of eth went up and the bot started to open short position at each grid making obviously a negative PNL then waiting for the price to come down for closing those shorts. I have no idea why this happened, before I went to bed my margin ratio was 0.22 and the liquidation price of the grid was at 2900$ so I thought that I was safe (apparently not).
My bots details are:
Mode
Geometric
Price Range
1,000.00 – 5,000.00 USDT
Grid Number
149
Profit Per Grid
1.04%
Initial Margin
209.21 USDT
Margin Mode
Cross
Initial Leverage
20x
Strategy Start Price:
1247.26 USDT
Maybe I need more collateral in my cross future wallet? But how? My margin ratio, the maintenance margin and the margin balance were fine. I don’t know why this happened and how to prevent this from happening again in the future.
Hey there.
Please, let us investigate this issue for you to understand what is going on. Kindly open a private chat with our team at https://www.binance.com/en/chat, so we could assist you better and check everything with the relevant department.
VG