Register on Binance for free!
The main nuance when working with the Binance exchange by API is the limits for operations per minute. When the limits are exceeded, the exchange issues IP ban for 2 minutes, so the bot continuously monitors current API the load; when you approach the limit, the operations will be executed with a delay. Current API usage is indicated
in the status bar panel (API Load).
Generally, you do not have to worry until the indicator is half full; if it becomes red, you are near the limit, and the bot will start inserting delays into operations. The most “heavy” operation is loading of a full order book (1000 orders), so when working with binance, the bot loads a full book only for full frame chart; the other markets load 100-orders book (until you open the market in full frame).
For the same reason, loading data at startup on the binance is divided into 2 stages. First of all the most necessary data is loaded – volumes, prices, 100-orders depth books. Then gradually the bot loads the rest of the data necessary for calculating the Pump Q (in the status bar the inscription “Update data”). These data are needed only for calculating Pump Q (namely, 500-depth order book for walls calculation are loaded). In manual mode and / or with the “Don’t buy If PumpQ.. ” check mark disabled, the bot is ready for operation; If the check mark on Q is enabled, wait until the download is finished, otherwise the Q number will be inaccurate.
The detection method “SuperFast2” won’t work on binance, cause continuous order book scanning would break API limit very fast.
There are restrictions on the binance for orders size, min.price and volume step. If you pay a commission in bitcoins, then there will be fractional shares of coins that can not be sold. Therefore, you should manually buy some BNB in advance in order to pay a commission in BNB
(in addition, it also gives a 50% discount on the commission).
IMPORTANT! When launching several bots from either the same or different machines, but using the same IP address, the API load is aggregated which leads to receiving a ban.
Be careful and watch the API load in the bottom section of the bot.
If you have accounts on Bittrex and Binance, you can switch the bot between exchanges in the Settings -> Login page:
But it is better to make a separate folder for each exchange by copying the folder with Moon Bot. In one folder the bot configured for bitrex, the other for binance. In this case, you can run both bots at the same time (however, only 1 currently reads the Telegram, we will solve this issue in the next update).
BINANCE SERVERS CONNECTION
By default the bot uses the original connection method, optimal in most cases.
Depends of your region, your ISP and network configuration the bot may switch connection methods automatically to find better settings. If you have connection problems (too high ping more then 500ms, errors in the log when placing orders), open Settings -> Advanced; the recommended settings are the following: connection method 2, Custom IP and Auto DNS are ON. In this case the bot will resolve binance servers automatically using cloudflare dns.
You may try different methods and IPs (Custom IP works only with methods 2 and 3. you find binance IPs by yourself, we do not provide the list) each time pressing the reload button to the right. then place an order, move it couple times to to find out If it goes faster.
Please note: sometimes binance servers may be unavailable, before you start panic, try different methods, push reload button each time. If it still doesn’t work, wait 30-60 minutes, the problem may go away.
If you tried all above, waited more then 60 minutes and the problem is still there, you may ask for advise in our Telegram public group @Moon_Bot_Public