Bots have safeguards and limits that alert you when an automation encounters an error.
Capital allocation limits are in place to limit the amount of capital allocated to a single bot. The “not enough capital” error occurs when there is not enough capital for a bot to enter a new position. The bot will not enter a new position until another position is closed --manually or through an automation-- and capital becomes available in the portfolio.
The Position statement lists all open, closed, and canceled positions.
Error messages are displayed inside of canceled positions.
Selecting a canceled position displays the position details. The error message explains why the bot was unable to open the position. For example, the bot had $98.69 of available capital, but one share of IWM costs $194.88. Therefore, the bot did not send an order to the broker for execution.
You can also access error messages in the bot log. The bot log shows your bot's automation activity.
Automations that encountered an error will be displayed in the bot log with a red circle and an explanation of why the bot discontinued the automation, such as not having enough capital to open a new position. The date and time the automation failed is also listed.
You can hover the mouse over the error message in the log to get a brief description of the error
You can also select the automation to see precisely where the bot encountered an error.
Error messages are also displayed in the notifications.
Notifications list all automation activity, including any time a bot encountered an error. As with the bot log and position statement, you can select an automation to view the decision criteria’ details.
Capital allocation limits are set in a bot’s global settings. Bot capital allocation limits are calculated at position entry. You can always edit a bot’s global settings. Select the gear icon on the homepage and choose “Settings.”
Here you can change the amount of capital that is allocated to the bot. Be aware that increasing the allocation limit increases capital exposure.