Ethereum: Binance Use API Stop -los Trade does not execute node.js (node-binance -us-opi)
As a long-standing user of the Binanceus platform, I write this article to share my frustrating experiences with the Binance USA API Stop-Loss function. Despite following the documentation and attempts with several solutions, my node.js (node-binance-opi) application could not implement loss arrest transactions.
The problem
The purpose of my application is to automate the Binanceus trade with the help of the Board of the Node-Binance-UUS API. The objective was simple: automatically buys or sells Ethereum at a specific price when the market has reached a certain level, which allows me to close the profits and avoid possible losses due to price fluctuations. However, after a wide range of research and evidence, I found a question that it fought.
Documentation
I have thoroughly read the documentation of the API Binanceus, which provides a complete guide for the use of API. The detention detention functionality section is clear, with examples of use of the “Gorter” method to place orders in specific conditions. However, my experience suggests that there are basic restrictions and potential problems that prevent this function from planning.
My research
I examined other user forums, Stack Overflow and Reddit, but it seems that none of their solutions is about the exact problem they face. My question can refer to a specific combination of API or versions, but without a clear solution, it is difficult to determine the cause.
The problem
After several attempts, I have invented some possible reasons why the loss arrest transactions are not carried out in the expected way:
- API-CAMAT restrictions : My application can exceed Binanceus interest restrictions for loss arrest orders.
- Changes in the price of Token : The price of Ethereum token has quickly changed in the past, which can affect the implementation of transactions to stop loss of loss.
- Market conditions : My algorithm can be sensitive to market conditions or news events that affect the price of Ethereum.
The solution
To overcome the problem, I suggest the following:
- Verify the credentials of API : Verify twice the token of the API Binanceus and the secret keys to make sure it is correct.
- Verify the speed restrictions : Verify that you are not exceeding the application of the number of permitted number of detention arrest orders.
- Control market conditions
: Monitor the latest price movements and adjust the algorithm accordingly.
- Use another algorithm : If the API Binanceus has an incorporated detention function too restrictive or unreliable, consider implementing the individual solution using automatic learning or other techniques.
Conclusion
Although it was successful with the Binance USA API, my experience with the Stop-Loss trade was frustrated. If you experience similar problems, it can be worth consulting the Binanceus support group. I hope this article helps others who face similar problems and give a starting point for problem solving.
Edit: Since my latest update, I have taken a step forward when implementing a unique solution that uses automatic learning to analyze market conditions and properly adjust the level detention levels. If you are interested in this approach, let it know and we can discuss it!