These rules are awful.
Binance have just cut my trade strategy in any moment.
It extremly horrible for traders.
39 Likes
Case ID #83747395, since friday not closed, still waiting for details on how to use this broken rules.
29 Likes
после ввода новых правил мне пришлось остановить торговлю. я боюсь что при активных движениях на рынке можно получить бан и вместо прибыли я получу ликвидацию моих позиций.
29 Likes
This is a very big problem!
8 Likes
I turned off all my bots. How can trade with such rules?
Binance, please start thinking not killing!
8 Likes
These are very bad rules. Thinking about moving to another exchange, Binance is doing everything so that no one trades with them!
6 Likes
I’m really sorry for Binance. I have stopped trading since yesterday. These ridiculous rules are not good for the biggest exchange in the world!
6 Likes
The new rules are terrifying, I don’t know how to trade safely without blocking(
5 Likes
It seems that the new rules are aimed at combating algo traders, and not at improving trading conditions and preventing malicious trading actions in the futures market.
5 Likes
Terrible rules! But what is more critical is the lack of precise information about how the new rules are calculated!
2 Likes
The new API restrictions rules for futures are not clear to me. They are not feasible, they interfere with normal trading. It has become almost impossible to trade a trading robot using grid averaging over several pairs at the same time. I do not understand how, due to the new restrictions, to configure trading bots so as not to receive a ban on a coin or an account. Now it has become very easy and unexpected to lose money on my trading deposit due to these new rules. The exchange does not think about its customers at all, contrary to the statements. It seems that now we will have to look for an alternative exchange with acceptable trading rules.
3 Likes
Dear Binance, please return the old api standards, I can’t trade through my trading terminal. For me, and for many traders, the new rules are not suitable for trading. Thanks for understanding.
3 Likes
wonderful new rules in addition to killing auto trading, it is also simply impossible to place 50-60 limit orders on different coins at once you get banned, but what about the liquidity of the binance
3 Likes
for 50 limit orders placed on 50 coins in 10 minutes you get a ban, excellent binance liquidity binance
2 Likes
Dear binance, do you realize that you just ruined HFT trading bots. Let me quote news from 2020-06-05
Binance Futures has released V2 of their API, which has 10x the speed and performance of the previous V1 API.
Binance Futures Provides Low Latency Services
Binance Futures is delighted to announce that we are now offering ultra-low latency connectivity and support services to high-frequency (API) trading clients
Today I set 40 orders on 40 different pairs. In about 20 minutes I’ve added 10 more orders on ETH/USDT and after that I got banned.
So 50 orders in half an hour definitely destroys the binance matching engine, users who are doing such destructive trading must evidently be banned ASAP.
This is how the ultra-low latency high-frequency binance API trading looks like today.
Excellent work, binance.
2 Likes
Still we are having issue with hitting limits Binance do not seem interested in dealing with this or clarifying the rules or adding API information that would allow you to monitor your ratio and take actions according.
What is happening now is feeling very much like we don’t care about you smaller guys as long as out key players have free roam of the API but you must limit what you do for the sake of the VIP 6?
Binance was built because of traders like us without us things will not be so great. already we are seeing futures issues with less traders in the market and less algo’s able to participate at previous levels it’s become much more easy for the big players to take advantage over everyone else.
I see zero input here from Binance on this issue which tells me they do not care because the rules suit the people they have golden handshakes with while pushing everyone else to find somewhere else to trade.
It’s clear that Binance are not going to revoke this limit and let us go back how how things are before.
For me this is looking like the end of an era with Binance sad to see this happen and have so much information from some of the top traders on Binance also saying the rules are terrible.
We need to ensure this topic is not going to sleep to make change we need to have engagement from Binance dev’s around this issue and Binance need to teach there support exactly what the rules mean and not “interpret” them as they see them that is not suitable.
Keep pushing everyone we built Binance from fees and provide massive amounts of trading activity and liquidity something you would expect an exchange to welcome… But now not so much by the looks of the situation.
One of the worst updates in the history of binance updates. Strange formulas are absolutely not clear. There is no api documentation of the status quo to avoid the ban. Most users have to randomly set limits to understand where the ban limit is. Personally, I use the strategy of buying coins if they go down, not only have you limited the number of possible orders, but also if the price does not reach my orders, I will still get banned, according to another formula. So you manipulate me and make me buy where I don’t want to buy to avoid a ban. Instead of finding a few cents and upgrading equipment in your forbes, you are restricting free trade and scaring away marketers from God. AFTER THIS UPDATE I EXPECT THAT ALL NEXT UPDATES WILL BE SAME - MAKE MY TRADING WORST, LESS PRODUCTIVE AND ALWAYS ON THE EDGE OF BAN.
9 Likes
Dear binance, do you realize that you just ruined HFT trading bots. Let me quote news from 2020-06-05
Binance Futures has released V2 of their API, which has 10x the speed and performance of the previous V1 API.
Binance Futures Provides Low Latency Services
Binance Futures is delighted to announce that we are now offering ultra-low latency connectivity and support services to high-frequency (API) trading clients
Today I set 40 orders on 40 different pairs. In about 20 minutes I’ve added 10 more orders on ETH/USDT and after that I got banned.
So 50 orders in half an hour definitely destroys the binance matching engine, users who are doing such destructive trading must evidently be banned ASAP.
This is how the ultra-low latency high-frequency binance API trading looks like today.
Excellent work, binance.
4 Likes
This is a big problem! I stopped trading 2 days ago. I was afraid to get banned. Impossible rules. All members of our community are shocked by what is happening. Some of them started looking for other exchanges. Stop new crazy rules!
43 Likes
These rules are awful.
Binance have just cut my trade strategy in any moment.
It extremly horrible for traders.
37 Likes