Class: BitexBot::SellOpeningFlow

Inherits:
OpeningFlow
  • Object
show all
Defined in:
lib/bitex_bot/models/sell_opening_flow.rb

Overview

A workflow for selling bitcoin in Bitex and buying on another exchange. The SellOpeningFlow factory function estimates how much you could buy on the other exchange and calculates a reasonable price taking into account the remote order book and the recent operated volume.

When created, a SellOpeningFlow places an Ask on Bitex for the calculated quantity and price, when the Ask is matched on Bitex an OpenSell is created to buy the same quantity for a lower price on the other exchange.

A SellOpeningFlow can be cancelled at any point, which will cancel the Bitex order and any orders on the remote exchange created from its OpenSell’s

Instance Attribute Summary collapse

Class Method Summary collapse

Methods inherited from OpeningFlow

active, active_transaction?, calc_remote_value, create_open_position!, create_order!, enough_funds?, enough_remote_funds?, expected_order_book?, #finalise!, maker_plus, old_active, open_position?, sought_transaction?, #statuses, sync_open_positions

Instance Attribute Details

#order_id ⇒ Object

The first thing a SellOpeningFlow does is placing an Ask on Bitex, this is its unique id.



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 13

def order_id
  @order_id
end

Class Method Details

.create_for_market(usd_balance, order_book, transactions, maker_fee, taker_fee, store) ⇒ SellOpeningFlow

Start a workflow for selling bitcoin on bitex and buying on the other exchange. The quantity to be sold on bitex is retrieved from Settings, if there is not enough BTC on bitex or USD on the other exchange then no order will be placed and an exception will be raised instead.

The amount a SellOpeningFlow will try to sell and the price it will try to charge are derived from these parameters:

of USD on the other exchange.

Raises:

  • (CannotCreateFlow) —

    If there’s any problem creating this flow, for example when you run out of BTC on bitex or out



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 31

def self.create_for_market(usd_balance, order_book, transactions, maker_fee, taker_fee, store)
  super
end

.fx_rate ⇒ Object

end: create_for_market helpers



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 77

def self.fx_rate
  Settings.selling_fx_rate
end

.maker_price(fiat_to_spend_re_buying) ⇒ Object

create_for_market helpers



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 52

def self.maker_price(fiat_to_spend_re_buying)
  fiat_to_spend_re_buying * fx_rate / value_to_use * (1 + profit / 100)
end

.open_position_class ⇒ Object 



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 40

def self.open_position_class
  OpenSell
end

.order_class ⇒ Object 



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 56

def self.order_class
  Bitex::Ask
end

.profit ⇒ Object 



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 60

def self.profit
  store.selling_profit || Settings.selling.profit
end

.remote_value_to_use(value_to_use_needed, safest_price) ⇒ Object 



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 64

def self.remote_value_to_use(value_to_use_needed, safest_price)
  value_to_use_needed * safest_price
end

.safest_price(transactions, order_book, bitcoins_to_use) ⇒ Object 



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 68

def self.safest_price(transactions, order_book, bitcoins_to_use)
  OrderBookSimulator.run(Settings.time_to_live, transactions, order_book, nil, bitcoins_to_use)
end

.transaction_class ⇒ Object

sought_transaction helpers



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 46

def self.transaction_class
  Bitex::Sell
end

.transaction_order_id(transaction) ⇒ Object

sync_open_positions helpers



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 36

def self.transaction_order_id(transaction)
  transaction.ask_id
end

.value_to_use ⇒ Object 



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# File 'lib/bitex_bot/models/sell_opening_flow.rb', line 72

def self.value_to_use
  store.selling_quantity_to_sell_per_order || Settings.selling.quantity_to_sell_per_order
end