<h2><span class='ez-toc-section' id='Are_You_Ready_to_Automate_Your_Trading?' /><span style="font-weight: 400;">Are You Ready to Automate Your Trading?</span></span></h2>
<p> </p>
<p><span style="font-weight: 400;">Welcome to the exciting world of algorithmic trading! If you’re interested in leveraging technology to enhance your trading strategies, this blog is your starting point. We’ll explore how you can use Python and the Delta REST Client to automate your trades on Delta Exchange.</span></p>
<p><span style="font-weight: 400;">By the end of this read, you will be able to</span></p>
<ol>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Code your own strategies and place orders on your delta exchange account through API</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Get a Python script to place a limit order at the mark price of your desired option contract and move the bid automatically as the mark price of the contract changes</span></li>
<li style="font-weight: 400;" aria-level="1"><a href="https://pypi.org/project/delta-rest-client/"><span style="font-weight: 400;">Delta Rest Client Documentation</span></a></li>
</ol>
<h2></h2>
<h2><span class='ez-toc-section' id='Setting_the_Stage:_Python_and_API_Trading' /><span style="font-weight: 400;">Setting the Stage: Python and API Trading</span></span></h2>
<p><span style="font-weight: 400;">Are You Familiar with Python?</span></p>
<p><span style="font-weight: 400;">Python is a versatile programming language favoured for its simplicity and readability, making it perfect for algorithmic trading. If you’re not familiar with Python, it’s recommended that you start with a basic </span><a href="https://www.youtube.com/watch?v=5rhSYGaFPWo"><span style="font-weight: 400;">Python setup guide</span></a><span style="font-weight: 400;">. Python’s extensive libraries and community support make it ideal for developing trading algorithms.</span></p>
<h2></h2>
<h2><span class='ez-toc-section' id='Understanding_API_Trading' /><span style="font-weight: 400;">Understanding API Trading</span></span></h2>
<p><span style="font-weight: 400;">API trading connects your trading decisions to the digital market through programmable interfaces. By generating an API key on Delta Exchange, you integrate your Python scripts with your trading account, enabling automated, real-time decision-making.</span></p>
<h2></h2>
<h2><span class='ez-toc-section' id='Creating_an_API_Key' /><span style="font-weight: 400;">Creating an API Key</span></span></h2>
<p><span style="font-weight: 400;">If you haven’t created an API key before, you can follow the steps from this blog:<br />
https://www.delta.exchange/blog/how-to-create-an-api-key-on-delta-exchange?category=research</span></p>
<h2></h2>
<h2><span class='ez-toc-section' id='Getting_Started_with_Delta_REST_Client' /><span style="font-weight: 400;">Getting Started with Delta REST Client</span></span></h2>
<p><b>Installation</b></p>
<p><span style="font-weight: 400;">To begin, install the Delta REST Client using the following command:</span></p>
<p><span style="font-weight: 400;">pip install delta-rest-client</span></p>
<h2></h2>
<h2><span class='ez-toc-section' id='Implementing_a_Simple_Trading_Strategy' /><span style="font-weight: 400;">Implementing a Simple Trading Strategy</span></span></h2>
<p><span style="font-weight: 400;">Automating Limit Orders</span></p>
<p><span style="font-weight: 400;">Let’s implement a basic strategy: We will place a limit order at the mark price of an option contract and continuously update it to match the current mark price. Here’s a simple outline to get you started:</span></p>
<ol>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Initialize the Delta REST Client.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Fetch the current mark price of your chosen contract.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Place a limit order at that price.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Use a loop to constantly check and update the order price to the current mark price.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Break when the order is filled.</span></li>
</ol>
<p> </p>
<p><span style="font-weight: 400;">This strategy exemplifies how you can use Python to make dynamic trading decisions, adapting to real-time market changes.</span></p>
<p><span style="font-weight: 400;">You can copy the Python script from here </span></p>
<pre style="background-color: #f4f4f4; border: 1px solid #ddd; border-left: 3px solid #F36D33; color: #666; page-break-inside: avoid; font-family: monospace; font-size: 15px; line-height: 1.6; margin-bottom: 1.6em; max-width: 100%; overflow: auto; padding: 1em 1.5em; display: block; word-wrap: break-word;"><code>
from delta_rest_client import DeltaRestClient
import pandas as pd
import time

delta_client = DeltaRestClient(
  base_url='https://api.delta.exchange',
  api_key='your_api_key',
  api_secret='your_api_secret'
)
symbol = 'P-BTC-46400-110124'
ticker = delta_client.get_ticker(symbol)
mark_price = ticker['mark_price']
product_id = ticker['product_id']
print(mark_price)
qty = 1
while True:
    # Place Limit Order at Mark Price
    order_response = delta_client.place_order(
        product_id=product_id,
        size=qty,
        side='buy',
        limit_price=mark_price
        )
    print(order_response)
    print('Order Placed for 0.001 BTC at Mark Price of ', mark_price,' Contract Symbol: ', symbol)
    break
    time.sleep(5)
    # check if the order is unfilled
    open_orders = delta_client.get_live_orders(product_id=product_id)
    if len(open_orders) > 0:
        for order in open_orders:
            if order['id'] == order_response['id']:
                print('Order is still open')
                qty = order['unfilled_size']
                # Cancel the Order and wait for loop to replace it with a new order
                delta_client.cancel_order(
                    order_id=order_response['id'],
                    product_id=product_id,
                )
                break
    else:
        # Order is filled
        print('Order is filled')
        break
    </code></pre>
<p><span style="font-weight: 400;">To have your questions about Algo Trading answered, you can </span><a href="https://calendly.com/kunal-agarwal-delta-exchange/delta-exchange-api-trading"><span style="font-weight: 400;">schedule a call with us by clicking here</span></a></p>


Are You Ready to Automate Your Trading?
 

Welcome to the exciting world of algorithmic trading! If you're interested in leveraging technology to enhance your trading strat

Introduction to Algorithmic Trading with Delta REST Client