/binance-futures-hedging

Hedging bot operating in Binance Futures

Primary LanguagePython

Binance Futures hedging bot

This bot operates in Binance Futures automatically opening and closing hedge positions against a main position that is always open. Different parameters can be set in order to configure the bot.

Parameters

  • MARKET: Specifies the market, can be COINM or USDM
  • SYMBOL: Specifies the trading symbol (e.g. BTCUSDT)
  • SIDE: Can be SHORT or LONG
  • QUANTITY: Contract size to trade
  • RESET_ALL: Whether to reset all, closing previous positions in this symbol
  • ENTRY_PRICE: If set, is the entry price for the first limit order. Can be None and a market order is executed in this case
  • STOP_LOSS: Maximum tolerable losses considering trading losses and fees
  • TAKE_PROFIT: Price to exit the trade and close all orders
  • HEDGE_OPEN_PCT: Percent change (in opposite direction) to open the hedge position (e.g. 0.001)
  • HEDGE_CLOSE_PCT: Percent change (in main direction) to close the hedge position (e.g 0.001)
  • INITIAL_LOSSES: Initial losses to consider for total running losses (default 0)
  • MAX_TIME: Time to fix the Binance Client timestamp to get in sync with the API (default 86400)
  • TOLERANCE: Percent tolerance for the Binance Tool helper that creates the orders (default 0.0005)

Features

  • It requires Binance Tools library for helper functions, Binance API Wrapper and Unicorn Binance Websocket API to handle the streams.
  • The bot opens a Websocket instance streaming all the filled orders. Then it creates the hedge side order using Binance API
  • When the sum of fees paid and closed positions losses are greater than the STOP_LOSS parameter or when the price of SYMBOL reaches TAKE_PROFIT the bot automatically stops.
  • Binance API key and Secrey key must be added to environment variables BINANCE_API_KEY and BINANCE_SECRET_KEY

Disclaimer

There are no warranties expressed or implied in this repository. I am not responsible for anything done with this program. You assume all responsibility and liability. Use it at your own risk.