These forums contain very valuable information. Answering your question becomes easy with some research.
You
@mf-tzo said this:
after 2 years of experimenting I think the best was the first and original rule..depending on demand for bitassets the bitusd could be at a discount or a premium..period..no expiration no SQP and shinny formulas..nothing..traders would short when bitasset was at premium and people would buy bitasset when in discount forcing the peg
Merchants accepting bitusd as a form of payment would know that at some point their bitasset would worth more or less but at least there would be liquidity from traders and the risk for not beeing able to convert all their bitasset in fiat would be minimal..Now after 2 years we have no liquidity, no traders in the DEX nothing..anyway..
Which is is strange, because you didn't like SQP. Yet you wanted SQP to complete your forced settlement transaction with shiny formulas.
When you ask the blockchain to force settle your transaction it can do that for you when all conditions are met.
1. 24 hours has passed
2. There is enough volume on the market and collateral positions to support a forced settle
3. It meets the requirements of the daily settle limit (which is a percentage of total volume)
It appears that the market for BitEUR does did not give you a 24-hour forced settle because of volume and or/collateral positions.
Which leads to a forced settlement delay.
Here's something else I saw from Xeroc (in that same message thread you posted in) back in 2015 referring to the actual code:
@roadscape did some analysis of the code:
generally all percent figures in graphene are based on this:
#define GRAPHENE_100_PERCENT 10000
so if the max_force_settlement_vol is 2,000 that would suggest 20%
also I see this:
#define GRAPHENE_DEFAULT_FORCE_SETTLEMENT_MAX_VOLUME (20* GRAPHENE_1_PERCENT)
@bytemaster
So, why did it take more than 40+ hours for your forced settlement?
1. Not enough volume
2. Someone else force-settled infront of you in that low volume
3. You must wait for the settlement delay now
All of this was previously discussed with a thread that you were involved in. Perhaps you just forgot. I hope this helps you understand now.
I must state: I am not a developer and I am not an expert. All I did was some research to answer your question.