Overview
This node integrates with the dYdX v4 API to perform various trading-related operations on the dYdX decentralized exchange platform. Specifically, for the "Place Order" operation, it allows users to submit limit orders to buy or sell a specified cryptocurrency market pair.
Common scenarios where this node is beneficial include:
- Automated trading strategies that require programmatic order placement.
- Portfolio management workflows that adjust positions based on external signals.
- Integration of dYdX trading capabilities into broader automation pipelines.
For example, a user can configure this node to place a limit buy order for BTC-USD at a specific price and size, enabling automated entry into a position when certain conditions are met.
Properties
| Name | Meaning |
|---|---|
| Market | Market symbol to trade on (e.g., BTC-USD). |
| Side | Direction of the order: "Buy" or "Sell". |
| Price | Limit price at which to place the order. |
| Size | Quantity/size of the order to be placed. |
Output
The output JSON object for the "Place Order" operation contains:
success: A boolean indicating whether the order was successfully placed (true).hash: The transaction hash or identifier returned by the dYdX API confirming the order placement.
Example output:
{
"success": true,
"hash": "0x123abc..."
}
No binary data output is produced by this operation.
Dependencies
- Requires an API key credential for authenticating with the dYdX v4 API.
- The node internally uses services for trading and account management initialized with network and address information from credentials.
- No additional environment variables are explicitly required beyond the API authentication.
Troubleshooting
Common issues:
- Invalid or missing market symbol may cause order placement failure.
- Insufficient funds or permissions in the dYdX account can lead to errors.
- Network or API connectivity problems might prevent successful requests.
Error messages:
- Errors thrown during order placement will include descriptive messages from the dYdX API.
- If the node is configured to continue on failure, error details will be included in the output JSON under an
errorfield. - To resolve errors, verify API credentials, ensure correct market symbols, check account balances, and confirm network connectivity.