Table of Contents
Strategy Configs #
Strategy configs are configurable variables that are defined by a strategy, and give you more control over how your trading bot behaves.
Below, we list common configs that are found in various Nonstop Algo strategies.
How to configure #
There are two ways to configure these parameters:
- Run
configto see the current strategy settings. Run commandconfig [parameter_name]to reconfigure the parameter. - Outside of the Nonstop Algo client, you can edit the strategy configuration file directly using a text editor and then import it later.
List of configs #
| Feature | Parameter | Prompt | Definition |
|---|---|---|---|
| Order Levels | order_levels | How many orders do you want to place on both sides? | The number of order levels to place for each side of the order book. |
| Order Levels | order_level_amount | How much do you want to increase or decrease the order size for each additional order? | The size can either increase(if set to a value greater than zero) or decrease(if set to a value less than zero) for subsequent order levels after the first level. |
| Order Levels | order_level_spread | Enter the price increments (as percentage) for subsequent orders? | The incremental spread increases for subsequent order levels after the first level. |
| Inventory Skew | inventory_skew_enabled | Would you like to enable inventory skew? (Yes/No) | Allows the user to set and maintain a target inventory split between base and quote assets. |
| Inventory Skew | inventory_target_base_pct | On [exchange], you have [base_asset_balance] and [quote_asset_balance]. By market value, your current inventory split is [base_%_ratio] and [quote_%_ratio]. Would you like to keep this ratio? | Target amount held of the base asset, expressed as a percentage of the total base and quote asset value. |
| Inventory Skew | inventory_range_multiplier | What is your tolerable range of inventory around the target, expressed in multiples of your total order size? | This expands the range of tolerable inventory level around your target base percent, as a multiple of your total order size. Larger values expand this range. |
| Filled Order Delay | filled_order_delay | How long do you want to wait before placing the next order if your order gets filled (in seconds)? | How long to wait before placing the next set of orders in case at least one of your orders gets filled. |
| Hanging Orders | hanging_orders_enabled | Do you want to enable hanging orders? (Yes/No) | When enabled, the orders on the side opposite to the filled orders remains active. |
| Hanging Orders | hanging_orders_cancel_pct | At what spread percentage (from mid price) will hanging orders be canceled? | Cancels the hanging orders when their spread goes above this value. |
| Minimum Spread | minimum_spread | At what minimum spread should the bot automatically cancel orders | If the spread of any active order fall below this param value, it will be automatically cancelled. |
| Order Refresh Tolerance | order_refresh_tolerance_pct | Enter the percent change in price needed to refresh orders at each cycle | The spread (from mid price) to defer order refresh process to the next cycle. |
| Price Band | price_ceiling | Enter the price point above which only sell orders will be placed | Place only sell orders when mid price goes above this price. |
| Price Band | price_floor | Enter the price below which only buy orders will be placed | Place only buy orders when mid price falls below this price. |
| Ping Pong | ping_pong_enabled | Would you like to use the ping pong feature and alternate between buy and sell orders after fills? | Whether to alternate between buys and sells. |
| Order Optimization | order_optimization_enabled | Do you want to enable best bid ask jumping? (Yes/No) | Allows your bid and ask order prices to be adjusted based on the current top bid and ask prices in the market. |
| Order Optimization | ask_order_optimization_depth | How deep do you want to go into the order book for calculating the top ask, ignoring dust orders on the top (expressed in base asset amount)? | The depth in base asset amount to be used for finding top bid ask. |
| Order Optimization | bid_order_optimization_depth | How deep do you want to go into the order book for calculating the top bid, ignoring dust orders on the top (expressed in base asset amount)? | The depth in base asset amount to be used for finding top bid. |
| Add Transaction Costs | add_transaction_costs | Do you want to add transaction costs automatically to order prices? (Yes/No) | Whether to enable adding transaction costs to order price calculation. |
| External Price Source | price_source_enabled | Would you like to use an external pricing source for mid-market price? (Yes/No) | When enabled, allows users to use an external pricing source for the mid price. |
| External Price Source | price_source_type | Which type of external price source to use? (exchange/custom_api) | The type of external pricing source. |
| External Price Source | price_source_exchange | Enter external price source exchange name | Name of exchange to be used for external pricing source. |
| External Price Source | price_source_market | Enter the token pair on [price_source_exchange] | The trading pair for the price source exchange. |
| External Price Source | price_source_custom | Enter pricing API URL | An external API that returns price. |
| External Price Source | take_if_crossed | Do you want to let your maker orders match and fill if they cross the order book? | Take order if they cross orderbook when external price source is enabled. |
