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

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🔹 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)

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🔹 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

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🔹 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

• What are Broadcast & Notification Channels in MagicTradeBot?
• Why should I enable notifications?
• Can I enable multiple notification platforms at the same time?
• What happens if a platform is set to null?
• Which notification channel is best for beginners?