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Ethereum: Limit the Python-Binance API filler order in a partially completed scenario
As a developer using Python-Binance API, you may have encountered situations where your limit orders are only partially filled. This can be especially challenging when working with large or complex market data.
I recently experimented with the use of
Python-Binance Api to place orders to buy Ethereum trading. In my test environment, I use the Python-Binanceversion 1.0.15. To confirm that my limited orders have been partially filled, I used the following fragment of code:
Python
Import time
From Binance.Client Import Customer
Set API connection to binans using Python-Binance
SELF._GET_AUTH_CLIENT (Account) .ORDER_LIMIT_BUY (
Symbol = ‘Ethusdt’,
Ethereum Symbol (eg ETH/USD)
Side = ‘Buy’,
Buy Type of Order
Type = ‘Limit’,
order type (eg limit the purchase or purchase on the market)
Quantity = 10,
Number of Purchase Shares (Optional)
Timeinforce = ‘gtc’
time-in order for order (eg, well to cancel)
))
Wait for the order to be executed
Time.Sleep (30)
set this value according to your needs
Print (“Fill in ORDER PARTIAL”)
`
This code places the Ethereum purchase limit, stating that I want to buy 10 shares at $ 100 per share. The Order_Limit_Buy method returns an object with different attributes, including the order identifier and the condition. However, when you use this API, you can encounter scenarios where your orders are only partially filled.
Partial filling explained
When your limit orders are partially filled, it means that some or all shares in the row are executed while others remain unfilled. This can happen due to various market factors, such as:
- Order the liquidity of the book
: If the order book is thin, there may be not enough buyers wishing to pay the current market price.
- Market variability : Fluctuations in market prices or trading volumes can lead to partially filled or even canceled your orders.
softening partial fillings
To minimize partial fillings and provide more accurate results, consider the following strategies:
- Increase the quantity of the order : If possible, increase the amount of shares you are trying to buy to reduce the risk of partial fillings.
- Use a longer period of time : Indicating a longer period of time can help mitigate partial fillings by giving your order more time to execute.
- Follow the market conditions : Keep track of market trends and adjust your strategy accordingly.
Conclusion
As you continue to develop with Python-Binance API, keep in mind that limited orders can sometimes be partially filled due to various market factors. Understanding the potential causes of partial fillings and implementation of strategies to mitigate them, you can improve the accuracy and reliability of your trade results.