trading bot running on binance cross margin
requires python >= 3.8
dependencies, install with pip:
python3.8 -m pip install ccxt python-binance
binance account needs margin enabled, works with both 3x and 5x margin
it functions better with > 0.01 BTC to work with
use at own risk
usage:
add api key and secret as json file in dir
api_key_secret/binance/your_user_name.json
formatted like this:
["KEY", "SECRET"]
if using non-default settings, make a copy of
settings/binance/default.json
rename the copy your_user_name.json
and make changes
otherwise, the bot will use default settings
it will use the account's trade history to make trading decisions
if using an account with recent trade history and you wish to start fresh, consider changing "snapshot_timestamp_millis" from 0 to current unix time in milliseconds, see more below
run in terminal:
python3.8 passivbot.py your_user_name
overview
the bot's purpose is to accumulate btc
it simultaneously longs and shorts any btc quoted market
it longs by making small bids and shorts by borrowing coin from binance and making small asks
it listens to websocket stream and updates its orders continuously
it will look back in its own trade history and conglomerate all small buys into one big sell, and all small sells into one big buy
it exits longs by summing up all btc spent and all coin acquired on small long buys since previous full long exit, placing a big long ask whose price is sum(btc_spent) / sum(coin_acquired) * (1 + 0.0025),
the big long ask is adjusted after each new long buy
if it runs out of btc, it will borrow btc, and repay btc debt after long positions are filled
inversely, it exits shorts by summing up all btc acquired and all coin spent on small short sells since previous full short exit, placing a big short bid whose price is sum(btc_acquired) / sum(coin_spent) * (1 - 0.0025)
when the short exit position is filled, it repays the coin debt
the big short bid is adjusted after each new short sell
by default it will make exits at at least 0.25% markup to cover fees to exchange and profit
net profit per exit will depend on whether fees are paid with BNB and on vip level:
- with 0.1% fee per trade, exchange takes 1 / ((1 - 0.001)**2) - 1 ~= 0.2%, leaving at least ~0.05% profit per exit
- with 0.075% fee per trade, exchange takes 1 / ((1 - 0.00075)**2) - 1 ~= 0.15%, leaving at least ~0.1% profit per exit
- with 0.0675% fee per trade, exchange takes 1 / ((1 - 0.000675)**2) - 1 ~= 0.135%, leaving at least ~0.115% profit per exit
- etc.
interest paid on loans from exchange will also reduce profits
here follow example illustrations of behavior with ETH/BTC for two months
blue dots are small long buys, red dots are big long sells, red line is long sell prices
red dots are small short sells, blue dots are big short buys, blue line is short buy prices
the size of its bids and asks scale with account equity
about the settings:
"quot": "BTC", # the coin to accumulate, only tested with BTC
"coins_long": ["ADA", "ATOM", "BAT", ...] # coins to long
# default is all margin enabled coins which have BTC as quote
"coins_shrt": ["ADA", "ATOM", "BAT", ...] # coins to short
# default is all margin enabled coins, except BNB, which have BTC as quote
#
"profit_pct": 0.0025, # minimum markup per long/short exit
# eg. if over time spent total 0.01 BTC buying long a total of 200.0 coin,
# volume weighted average price is 0.01 / 200 == 0.00005
# and long sell price becomes 0.00005 * (1 + 0.0025) == 0.00005125
# inversely, if over time short sold a total of 200.0 coin for 0.01 BTC,
# volume weighted average price is still 0.00005
# and short buy price becomes 0.00005 * (1 - 0.0025) == 0.000049875
#
"account_equity_pct_per_trade": 0.0001, # percentage of total account equity to spend per symbol per trade
"bnb_buffer": 50.3, # BNB buffer for paying fees and interest, and for vip status
"max_memory_span_days": 120, # how many days past the bot will take trade history into account
"snapshot_timestamp_millis": 0, # timestamp in millis from which bot will take trade history into account
"ema_spans_minutes": [15, 25 ... 675, 1080],# exponential moving averages used to set max bid and min ask prices
# it calculates any number of emas,
# and sets highest allowed bid = min(emas) and lowest allowed ask = max(emas)
"entry_vol_modifier_exponent": 12, # entry volume is modified by the following formula:
# max_long_entry_vol *= max(1.0, min(5.0, (long_exit_price / current_price)**exponent))
# max_shrt_entry_vol *= max(1.0, min(5.0, (current_price / shrt_exit_price)**exponent))
# difference between exit_price and current price of
# - 2%, will increase entry vol by up to ~34%
# - 5%, will increase entry vol by up to ~100%
# - 10%, will increase entry vol by up to ~310%
# - >11%, will increase entry vol by up to ~400%
# set exponent = 0 and there will be no entry_vol modification
"min_big_trade_cost_multiplier": 10, # the exits are at least 10 times larger than the entries
# the entry size can be up to (10 - 1) times larger,
# modified by distance between exit price and current price
"entry_spread": 0.005, # max_bid_price = min(emas) * (1 - entry_spread / 2)
# min_ask_price = max(emas) * (1 + entry_spread / 2)
"min_seconds_between_same_side_entries": 60 # min seconds between same side entries
by default it will long all coins and short all coins except BNB due to high interest rate
it will automatically place and delete orders, borrow and repay
it will only make orders, never (except by accident due to extreme volatility or exchange latency) take orders
it maintains up to 4 orders per market pair
one long entry: small bid
one long exit: big ask
one short entry: small ask
one short exit: big bid
it will automatically analyze past trades and make appropriate long and short exits
if bot is max leveraged and cannot borrow more from exchange, it will borrow from self, keeping track of internal debt
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