Ethereum: API to create/active end of the Binance mesh strategy
Because traders are becoming more and more sophisticated in their approach to cryptocurrency markets, they often use complex strategies to maximize their profits. One of such strategies is a net strategy, which involves creating many buying and sales orders at various price levels to benefit from market fluctuations. However, the implementation of this strategy requires significant technical knowledge and resources.
In recent years, several stock exchanges, including Binance, have provided API interfaces (application programming interfaces) for programmers for creating custom trading strategies. In this article, we will examine the availability of API interfaces for creating/activity/completion of a binance grid strategy and we provide reference links for people interested in learning more.
Can I use the API Binance interface to create/active end of the net strategy?
Yes, you can use the API Binance interface to create your own commercial strategies. To do this, follow the following steps:
- Register an account on the Binance website.
2
- Create a new API client using the Python
Binance-Upor Javascript Library@binance/spot-up library.
Using the Binance API interface to create a network strategy
API Binance point allows you to create trade strategies and manage them, including nets. To use this API to create mesh strategy, follow the following steps:
- Create an account on the Binance website.
- Go to [Documentation API Binance] ( and go to the API Spot section.
- Follow the instructions in the API reference guide to create a new commercial pair.
- Use the "spot.createglower" method to create many purchase and sale orders at various price levels.
Here is an example of how you can use the API Binance Spot interface to create a network strategy:
Python
Import requests
api_key = 'your_binance_api_key' '
api_secret = 'your_binance_api_secret'
defreate_grid_strategy (API, symbol):
Create a new commercial couple
api.create_order (
'place',
symbol,
type = "limit",
Page = "Buy",
Quantity = 10,000,000
)
Define price levels for each purchase and sale order
Buy_orders = [
{"Price": 20,000, "quantity": 100},
{"Price": 25,000, "quantity": 50}
]
Sell_orders = [
{"Price": 18,000, "quantity": 75},
{"Price": 22000, "quantity": 25}
]
Create mesh strategy orders
For buyers in buy_orders:
api.create_order (
'place',
symbol,
type = "limit",
page = "sell",
amount = buy_order ['quantity'],
price = buy_order ['price']
)
for Sell_ORER in Sell_orders:
api.create_order (
'place',
symbol,
type = "limit",
Page = "Buy",
amount = Sell_ORSER ['quantity'],
Price = Sell_ORDER ['Price']
)
Replace the API Binance and a couple for your credentials
API = demands. Session ()
api_key = 'your_binance_api_key' '
api_secret = 'your_binance_api_secret'
create_grid_strategy (API, "BTC/USDT")
Using the API Binance interface until the end of the grid strategy
After creating and managing trade strategies using the API Binance Spot interface, you can use it to complete them at certain prices. To do this, follow the following steps:
- Recover the current order status for each of the network order orders.
- Compare the current price with the input price (or at the time when the purchase/sales order was created).
- If the current price is higher than the input price, start the order of sale to close and complete the network strategy.
- Repeat this process for all active mesh strategy orders.