https://github.com/btschwertfeger/kraken-rebalance-bot
Rebalance Spot Trading Bot for the Kraken Cryptocurrency Exchange
https://github.com/btschwertfeger/kraken-rebalance-bot
kraken-exchange-api python-kraken-sdk trading trading-algorithms trading-bot trading-strategies
Last synced: 3 months ago
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Rebalance Spot Trading Bot for the Kraken Cryptocurrency Exchange
- Host: GitHub
- URL: https://github.com/btschwertfeger/kraken-rebalance-bot
- Owner: btschwertfeger
- License: gpl-3.0
- Created: 2022-11-30T06:31:26.000Z (over 2 years ago)
- Default Branch: master
- Last Pushed: 2025-03-03T16:25:06.000Z (4 months ago)
- Last Synced: 2025-03-18T20:04:06.875Z (3 months ago)
- Topics: kraken-exchange-api, python-kraken-sdk, trading, trading-algorithms, trading-bot, trading-strategies
- Language: Jupyter Notebook
- Homepage:
- Size: 492 KB
- Stars: 6
- Watchers: 3
- Forks: 2
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- License: LICENSE
- Codeowners: .github/CODEOWNERS
Awesome Lists containing this project
README
Welcome to the Spot rebalance bot for the Kraken Cryptocurrency Exchange 🐙
[](https://github.com/btschwertfeger/Kraken-Rebalance-Bot)
[](https://www.gnu.org/licenses/gpl-3.0)
[](https://shields.io/)
[](https://pypi.org/project/kraken-rebalance-bot/)
[](https://mypy-lang.org/)
> ⚠️ This is an unofficial trading bot that performs buys and sells
> on the Kraken cryptocurrency exchange using Python.
Backend to access the Kraken API: [python-kraken-sdk](https://github.com/btschwertfeger/python-kraken-sdk)
---
## 📌 Disclaimer
There is no guarantee that this software will work flawlessly at this or
later times. Of course, no responsibility is taken for possible profits or
losses. This software probably has some errors in it, so use it at your own
risk. Also no one should be motivated or tempted to invest assets in
speculative forms of investment. By using this software you release the
author(s) from any liability regarding the use of this software.
It is not certain that this software will ever lead to profits.
---
## 📝 The Strategy
This algorithm can buy and sell one or more Spot assets without leverage.
The goal is to hold a certain amount of each base currency so that, for
example, there is always about $1000 worth of BTC in the portfolio. If
the price of Bitcoin increases so that there is now $1050 worth of
Bitcoin in the portfolio, the excess $50 is sold. If the price of
Bitcoin falls, so that the Bitcoin in the portfolio are only worth $950,
the algorithm buys Bitcoin, to hold a value of about $1000 in Bitcoin
in the portfolio again.
The algorithm checks the price range every 6 hours by default. The
margin, from how many percent price difference the algorithm becomes
active, can also be adjusted.
Actions can be logged on the command-line using the logging module with
active INFO-level and can also be sent to a telegram bot.
---
## ⚙️ Quick start and configuration
### 0. Check the source code of this algorithm on GitHub and read the README.md carefully
- https://github.com/btschwertfeger/Kraken-Rebalance-Bot
### 1. Install the Python module:
```bash
python3 -m pip install kraken-rebalance-bot
```
### 2. Register at Kraken and generate API keys with trading access:
- https://www.kraken.com/u/security/api
### 3. (optional) Create a Telegram Bot to get notified when the algorithm takes action
1. Create a bot using @BotFather
2. Write down/remember the token
3. Start @RawDataBot
and write down your personal `chat_id`
### 4. Setup the configuration and start the algorithm
An example configuration can be found in `example_config.json` and looks like
this:
```json
{
"base_currency": ["ETH", "XBT"], # base asset(s) to maintain
"quote_currency": ["USD", "USD"], # quote asset(s) to trade with
"target_quantity": [500, 500], # how many of the base to hold (value in quote)
"quote_to_maintain": [200, 200], # freezed quote
"margin": [0.035, 0.035], # buy/sell threshold
"lowest_buy_price": [1000, 15000], # don't buy below this price
"times": ["06:00", "18:00"], # has no effect if use_build_in_scheduler is true
"use_build_in_scheduler": false, # if set to false, the script will only run once
"demo": true, # set to false to enable trading
"telegram": { # optional to get notified via telegram
"token": "telegram-bot-token",
"chat_id": "your-telegram-chat-id"
}
}
```
In the following a minimal working example is shown that uses this strategy
to hold a `target_quantity` of $500 of ETH and $500 worth of XBT (as in the
example config above). Both are traded against USD. The `demo` key must be
set to `False` to enable the trading functionality. Of course, this also works
with only one asset, too.
```bash
rebalance \
--api-key "your-kraken-api-key-here" \
--secret-key "secret-key-here" \
--config config.json
```
Note: If `use_build_in_scheduler` is enabled, there will be no output until
the time is one of `times`.
---
## 📖 Configuration
| Key | Type | Description |
| ------------------------ | -------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| `base_currency` | `list[str]` | List of base currencies to trade and hold. |
| `quote_currency` | `list[str]` | List of quote currencies to trade the base currency with. |
| `target_quantity` | `list[float] \| list[int]` | Defines how much of a base currency should be held. This value is the worth of the base currency in quote currency. |
| `quote_to_maintain` | `list[float] \| list[int]` | How much of quote currency should not be touched in the portfolio. |
| `margin` | `list[float]` | Rebalance levels e.g. 0.035 = 3.5%: at a change of 3.5% the algorithm will buy or sell the missing/surplus quantity |
| `lowest_buy_price` | `list[float]` | (optional) The bot will not buy if the price falls below this price to avoid catching a falling knife. Acts Kind of stop loss, but without selling. |
| `times` | `list[str]` | (optional, default: `['00:00', '06:00', '12:00', '18:00']`) At which time the bot should check the balances. |
| `use_build_in_scheduler` | `bool` | (optional, default: `False`) Checks the balances once and exits if set to False. Otherwise the program will run forever and check the balances at the specified `times` |
| `demo` | `bool` | Trade or not sample trade output. Set to True if you know what this algorithm does. |
| `telegram` | `{'chat_id': str, 'token': str}` | (optional) Specify token and chat id to get notified when the bot does something. |
If `use_build_in_scheduler` is set to `false`, the program is executed once
and ends after the iteration over all assets. This offers the possibility to
create own scripts, which execute this algorithm at individual times
(e.g. using cron).
---
## 📍 Notes
- Make sure to always have enough quote currency in your Kraken portfolio. Too
low `target_quantity` values can cause the bot not to trade or even crash.
Therefore, pay attention to the minimum order sizes.
**Example situation**:
- minimal order size of ETH is 0.01
- price of ETH: $1300
- `margin` is set to 0.04
- `target_quantity` is 200
- what will happen:
- If your actual holdings of ETH is $192 the bot tries to buy Ethereum
with a volume of $8 because $200 - $200 \* 0.04 will trigger the buy
order. But the minimum order size of Ethereum is 0.01 ETH
(see here),
and with a price of $1300 => 0.01 ETH equals $13 so: $13 < $8 will
raise an error.
- So make sure that the minimum order sizes of the respective assets
are consistent with the `margin` value and the `target_quantity`.
The example would work if the `targe_quantity` is set to 500,
because $500 _ 0.04 = $20 which is larger than $1300 _ 0.01 = $13.
- Also make sure that there is enough quote currency, otherwise the
bot cannot buy anything.
- This strategy is one of the simplest and most basic approaches for trading
cryptocurrencies. For this reason, it should be noted here that this does not
necessarily lead to profits. Before running such an algorithm, everyone
should be clear about what products are being traded, what these products are
for in the first place, and what makes them valuable. Even the best companies,
stocks, materials, and also cryptocurrencies can become worthless from one day
to the next, so everyone should do their own research and make their decisions
based on these results.
- It has been decided here not to present any material regarding the profitability
of this algorithm, as this could lead you to make your decisions based on my
successes and failures. What works once or over a long period of time does not
necessarily work in the future. But please let me know what you think about this
basic algorithm and what could be improved.
- For any problems or suggestions - please open an issue.
---
## 🆕 Contributions
… are welcome!
## 🔭 References
- https://python-kraken-sdk.readthedocs.io/en/stable