These rules are awful.
Binance have just cut my trade strategy in any moment.
It extremly horrible for traders.
37 Likes
I’ve been testing my new trading strategies for ~2 sleepless months. Finally they started to work but new rules are ruining the whole conseption (finding proper trading situation across all markets and grid averaging of position if price goes unexpected way). It’s pain in the ass to work with these new limitations in addition to “dead” market with dropping liquidity ((( And bans are unpredictable (((
33 Likes
we have to consider another exchange, binance is getting worse every day
29 Likes
Полностью согласен! Правила просто убили всю торговлю и все! Теперь видимо надо искать новую биржу! 1 год работы прошел впустую! Одни баны и баны!
26 Likes
Great post. Binance seems intent on driving its customers away lately. I couldn’t work the rules out, so am trading elsewhere for now.
I just don’t understand what the objective is for the rules, though. Adding orders to the orderbook creates liquidity. Why would they want to stop that? It makes absolutely no sense to me.
27 Likes
With the new rules, it became impossible to trade futures with the bot. I had to reduce my trading volume by 5 times. Binance return everything as it was.
4 Likes
Under these new conditions i will have to refrain from setting through with most of my autotrading proyects on binance, which I was preparing for over a year and are now nearly ready to use. During testing the bots losses where made, which will now be difficult to recover with these new rules. Considering moving to another exchange and dropping this proyect.
20 Likes
Agree with all others! That is ridcilous have binance always change rules.
My auto stop now and i try find how i can start it again. Maybe other exchanage is more lojal for they stable users?
17 Likes
Правила, которые не поддаются никакой логике. Торговля ботами обеспечивает ликвидность на бирже. И при этом с нашей торговлей почему-то стали активно бороться, вместо того что бы обновить своё оборудование.
Невозможно заранее предусмотреть все ситуации на рынке при торговле ботом, что бы он не попал в бан по новым правилам.
Rules that defy any logic. Bot trading provides liquidity on the exchange. And at the same time, for some reason, they began to actively fight against our trade, instead of updating their equipment.
It is impossible to foresee all the situations in the market when trading with a bot, so that he would not be banned according to the new rules.
20 Likes
Let me add to the par.2, to be more precise you are allowed to set only 51 unfilled limit orders. Why 51? Because If you set orders on 52 symbols, 10 000/(1.2^(N-1)) = 10 000/1.2^51 = 0.92 becomes less than 1. So you are not allowed to have unfilled orders any more:)
May I ask binance, what was the point of listing all those futures symbols If you allow your users to trade only 51 of them?
18 Likes
Rules without logic. I stopped trading my strategies, because I’m afraid of ban. These rules make no sense. I made a test and also read the communication in the groups and can confirm the rules is not working as described.
17 Likes
These new rules doesnt make any sense. It makes it impossible to trade over 52 symbols. The threshold goes below one. Plus, anything over 40 is pretty much impossible too.
I used to trade up to 100 symbols at once, and im having to adjust to around 20, a 5x decrease.
Even an small adjustment of 1.2 to 1.1 on the equation would be way better then the current conditions.
11 Likes
я просто перестал торговать на бинансе потому, что правила не понятные, баны лишены какой-либо логики и лишаться своего аккаунта навсегда я не хочу
12 Likes
Same problem i dont understand rules so i stopped traiding on Binance
12 Likes
Становится страшно доверять Бинансу! Все сильнее и сильнее зажимают торговлю, а лагать при этом иногда биржа не прекращает, все больше технических рисков потери средств…
13 Likes
Most of users stops the autotrading, we loose so money and now we have a Bugatti without engine !
9 Likes
Bad illogical rules. So I want to understand what is the point of your API restrictions. It turns out that placing and withdrawing 10,000 orders in 10 minutes is not spam
and is not punishable by a ban, and placing a much smaller number of orders at the same time, provided that they are not canceled, can be punished by a ban.
Although the first case just looks more like spam than the second. It turns out that if I change my mind after 10,000 orders, then this is normal,
and if I put 100 orders and did not withdraw them, and they were not executed, since the market did not go in my direction, is this “malicious trading”?
16 Likes
It’s unacceptable, Binance! Are you struggling with liquidity? Seriously? This will lead you to sad consequences.
12 Likes
I changed my trading strategy but still got banned trading only two pairs (usdtbtc,usdteth).
In the near future, our terminal will add the ability to use another exchange, you will have to go there.
10 Likes
Why can’t we return to the old trading rules? My trading volumes have dropped significantly. Unfortunately, it is not clear how to trade in order not to get a ban.
10 Likes