https://github.com/johnbdfilio/paper-trading-binance
A basic implementation of a paper trading bot using the Binance API. It is designed to simulate cryptocurrency trades on Binance's Testnet, allowing users to test trading strategies without risking real funds. The bot uses Python to interact with the Binance API, enabling users to place buy and sell orders based on predefined signals
https://github.com/johnbdfilio/paper-trading-binance
binance binance-api bot order paper-trading python testnet trading trading-algorithms trading-strategies
Last synced: 6 months ago
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A basic implementation of a paper trading bot using the Binance API. It is designed to simulate cryptocurrency trades on Binance's Testnet, allowing users to test trading strategies without risking real funds. The bot uses Python to interact with the Binance API, enabling users to place buy and sell orders based on predefined signals
- Host: GitHub
- URL: https://github.com/johnbdfilio/paper-trading-binance
- Owner: johnbdfilio
- Created: 2025-03-25T12:15:18.000Z (11 months ago)
- Default Branch: main
- Last Pushed: 2025-03-25T12:25:24.000Z (11 months ago)
- Last Synced: 2025-08-06T23:41:07.066Z (6 months ago)
- Topics: binance, binance-api, bot, order, paper-trading, python, testnet, trading, trading-algorithms, trading-strategies
- Language: Python
- Homepage:
- Size: 5.86 KB
- Stars: 2
- Watchers: 1
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
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README
## Binance Paper Trading Bot
### Overview
This project is a basic implementation of a paper trading bot using the Binance API. It is designed to simulate cryptocurrency trades on Binance's Testnet, allowing users to test trading strategies without risking real funds. The bot uses Python to interact with the Binance API, enabling users to place buy and sell orders based on predefined signals.
### Features
- **API Integration**: The bot integrates with the Binance API to access Testnet, which provides a risk-free environment for testing trading strategies.
- **Order Placement**: It includes a function to place market orders (buy or sell) based on a given signal.
- **Signal Handling**: The bot can handle signals generated by the user's trading strategy. Signals are numerical values that determine whether to buy or sell an asset.
- **Error Handling**: It includes error handling for Binance API exceptions and other unexpected errors.
- **Balance Check**: Optionally, it can retrieve and display the account balance.
### Key Components
1. **Binance API Keys**: The project requires Binance Testnet API keys for secure interaction with the Binance Testnet environment.
2. **Python Client**: It uses the `python-binance` library to create a client instance that interacts with the Binance API.
3. **Order Function**: The `place_order` function takes a trading symbol and a signal as inputs. It determines whether to place a buy or sell order based on the signal value.
4. **Quantity Calculation**: The bot calculates the quantity to trade based on the signal, though in this example, it is set to a fixed value of 1.
5. **Precision Handling**: It ensures that the trade quantity is rounded to the required precision for the specific trading symbol.
### Use Cases
- **Strategy Testing**: Users can test various trading strategies without risking real money.
- **Bot Development**: It serves as a foundation for developing more complex trading bots by integrating additional features like technical analysis or machine learning models.
### Future Enhancements
- **Dynamic Signal Generation**: Integrate a module to dynamically generate signals based on market conditions or technical indicators.
- **Multi-Asset Trading**: Extend the bot to trade multiple assets simultaneously.
- **Risk Management**: Implement stop-loss and take-profit mechanisms to manage risk.
### GitHub Repository Setup
When adding this project to GitHub, consider including:
- **README.md**: A detailed description of the project, its features, and how to use it.
- **LICENSE**: Specify the license under which the project is released.
- **requirements.txt**: List dependencies required to run the project, such as `python-binance`.
- **Example Usage**: Provide examples of how to use the bot, including setting up API keys and running the script.