What happens if an order fails?

Whenever a trade or close order fails, MagicTradeBot immediately broadcasts notifications to ensure you are aware and can take action if needed.

🔹 Types of Failure Messages

  1. Order Execution Failed

    • Triggered when the bot cannot place a new trade

    • Broadcast includes:

      • Symbol (e.g., BTCUSDT)

      • Intended Direction (Long/Short)

      • Error Reason (e.g., insufficient balance, exchange rejection)

  2. Close Order Failed

    • Triggered when an existing trade cannot be closed

    • Broadcast includes:

      • Symbol

      • Order ID

      • Error Details (e.g., network timeout, exchange API issue)

🔹 Why This Is Important

  • Provides immediate awareness of issues affecting trade execution

  • Allows you to manually intervene if a critical order fails

  • Ensures account risk is monitored even during failures

  • Prevents missed stop-loss, take-profit, or DCA executions

🔹 Key Takeaway

If an order fails, MagicTradeBot broadcasts:

  • Order execution failed → symbol, intended direction, error reason ✅

  • Close order failed → symbol, order ID, error details ✅

These notifications give you real-time visibility of trading failures, helping you protect your account and maintain control over active positions.

📎 Related Topics