About API api/bots

Bot data

When working with bot data manipulation, the Python code will always use the Pydantic model BotModel.

However, to work with database, we need to adhere to the SQLAlchemy model, which is parsed using the SQLModel BotTable or PaperTradingTable. There is a utility method in BotModel which helps convert them.

BotModel creates consistency and it is the default way of FastAPI data guards. However, it does not work well with SQLAlchemy (I wish I could just use BotModel and store in the DB but that caused a lot of problems)

Profit canibalization

Context

To avoid one bot eating the profit of another bot, “Composite bot” feature was added and posteriorly removed. This is because if one bot is opened with certain parameters and another is opened with different parameters, they will remove/add cryptocurrencies and eventually break the strategy and most likely cause errors and losses. Also there is the possibility of eating each other’s profit, if accidently one bot is opened for a down trend and another is opened for up trend.

Pair uniqueness

Therefore, on the DB level, there is a restriction for pair uniqueness in /app.py. This means, there will never be a situation where bots are created using the samae pair.

This also helps avoid errors in websockets, where once a trailling or safety order closes, they will get “Invalid quantity” errors because the initial bot["deal"]["buy_total_qty"] does not match the available amount in the balance.

Bot parameters

Create, Edit body

"pair": "", # Required
"status": "inactive", # inactive, active, completed
"name": "Default Bot",
"max_so_count": "3",
"balance_usage": "1",  # 100% of All Btc balance
"balance_size_to_use": "0.0001",  # qty of each so
"base_order_size": "0.003",  # MIN by Binance = 0.0001 BTC
"start_condition": "true",
"so_size": "0.0001",  # Top band
"take_profit": "0.003",
"price_deviation_so": "0.0063",  # % percentage
"trailling": "false",
"trailling_deviation": 0.0063,
"deal_min_value": 0,
"cooldown": 0,
"auto_strategy": "false", # Flip strategy automatically
"deals": [],

About Dashboard web/bots

Key function computeAvailableBalance for updating balance

  • The function this.props.getSymbolInfo(pair); will trigger the API endpoint /account/symbol/pair to get exchange info of the specified pair
  • Because this.props.getSymbolInfo(pair) is a dispatcher (notice the this.props), it will dispatch that API call, and trigger componentDidUpdate()
  • componentDidUpdate() will check for changes in the props, and will trigger the computeAvailableBalance() and update the Available balance count.
  • This is a centralized function, which is triggered by a number of events: changes in base order size, changes in strategy, changes in pair. they will all need to update the balance.
  • Long strategies require the base asset (Binance term)
  • Short strategies require the quote asset

Internal vs User parameters

deal and orders are internal data used for the API to deal the bots All other params can be set by the user

Key function computeAvailableBalance for updating balance

  • The function this.props.getSymbolInfo(pair); will trigger the API endpoint /account/symbol/pair to get exchange info of the specified pair
  • Because this.props.getSymbolInfo(pair) is a dispatcher (notice the this.props), it will dispatch that API call, and trigger componentDidUpdate()
  • componentDidUpdate() will check for changes in the props, and will trigger the computeAvailableBalance() and update the Available balance count.
  • This is a centralized function, which is triggered by a number of events: changes in base order size, changes in strategy, changes in pair. they will all need to update the balance.
  • Long strategies require the base asset (Binance term)
  • Short strategies require the quote asset

Internal vs User parameters

deal and orders are internal data used for the API to deal the bots All other params can be set by the user

FAQs

Why simple “Save” is not allowed?

When a Bot is created and saved, we force it to activate so that it can check the feasibility of the strategy. Some checks like price, can only be performed when interacting with the API, as this is the matching engine’s job to determine which price (limit or market) the bot should choose.

Therefore, once the bot is saved, the system will automatically assign a price to the bot to open the base and take profit positions. Once this is executed, and thus the bot is activated, changing any details in the form will be senseless, as these orders have already been executed. Only deactivating is allowed, so that details can be changed and then reactivate the order and open the deals again with the new parameters.

Note that deactivating the bot will close all orders currently ongoing.

Why can’t I choose a price to buy or sell?

A price to buy or sell cannot be chosen, because the matching engine takes care of this by pull data from market book prices and then choosing the best that matches the quantity allocated in the form.

Why do I often get base order size error?

The base order size error is tightly coupled with available balance, as this is the main front-end controlled mechanism to prevent activating a bot that does not have enough funds. If this validation is removed, the Binance API will still complain of MIN NOTIONAL errors or similar.

Why not use algo orders for take_profit and safety_orders (TAKE_PROFIT, STOP_LOSS)?

The Binance maximum is only 5 algo orders, which is not enough to make many orders.