This content originally appeared on DEV Community and was authored by Vasile Pește
Hello everyone,
I'm sharing the simplest existing way to create a crypto trading application in Node.js
In fact, you can login into a trading account and buy/sell cryptocurrencies with less than 10 lines of code, of course using a dependency
1. Login to a Crypto Exchange
If you don't have an account, you can create one on Binance or Bybit and get API keys for free
import { login, } from "@reiryoku/mida";
const myAccount = await login("Binance/Spot", {
apiKey: "***",
apiSecret: "***",
});
This is a Node.js framework allowing to buy and sell on financial markets through different trading platforms, handling all the headaches under the hood
2. Buy/Sell Cryptocurrencies
Now that we have an account instance, we can buy/sell cryptocurrencies, in this example we buy 1 Bitcoin at the current market price
const myOrder = await myAccount.placeOrder({
symbol: "BTCUSDT",
direction: MidaOrderDirection.BUY,
volume: 1,
});
console.log(`Bought 1 Bitcoin for ${myOrder.executionPrice} USD!`);
3. Listen real-time prices
At this point we can also listen to the real-time price changes of cryptocurrencies, in this example we listen to Bitcoin price changes
import { marketWatcher, } from "@reiryoku/mida";
const watcher = await marketWatcher({ tradingAccount: myAccount, });
await watcher.watch("BTCUSDT", { watchTicks: true, });
watcher.on("tick", (event) => {
const { tick, } = event.descriptor;
log(`Bitcoin price is now ${tick.bid} USD!`);
});
This framework is fully open source and you can find it on GitHub: https://github.com/Reiryoku-Technologies/Mida
It handles sockets and http calls under the hood, providing a single API for dealing with different trading platforms, saving us a lot of time
In short, this are basic concepts of algorithmic trading: establishing a connection to our account on a specific trading platform, listening to real-time prices and placing orders
4. Be careful
Algorithmically trading in financial markets involves using real money, it's is highly speculative and carries a high level of risk. It's possible to lose all your capital. If you are curious and want to try, I highly suggest to just try with a demo account (trading simulation with fake money), DYOR as always!
To end, it's mandatory to say that I'm the author and maintainer of this framework. I created this post mainly for creating some awareness about programming in financial markets with JavaScript/TypeScript!
If you liked this content please let me know so I can bring further content, for example on how to build a trading bot or trade other assets such as stocks or forex in Node.js!
References
https://github.com/Reiryoku-Technologies/Mida
https://www.mida.org
Thank you
Regards,
Vasile
This content originally appeared on DEV Community and was authored by Vasile Pește
Vasile Pește | Sciencx (2023-05-16T23:36:48+00:00) Node.js Crypto Trading For Beginners. Retrieved from https://www.scien.cx/2023/05/16/node-js-crypto-trading-for-beginners/
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