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2026-07-26 22:56:35 +08:00
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README.md
PDB_VWAP代理设置完成
2026-07-26 22:56:35 +08:00

README.md

Meridian — Polymarket Multi-Asset Crypto Desk (Complete Guide)

Meridian is the product name for this Python system: it trades Polymarket 5- or 15-minute crypto Up/Down markets for BTC, ETH, SOL, and XRP in parallel, using a late-window entry model (implementation: Late Entry V3 / late_v3).

| Suite | github.com/PolyBullLabs/polymakret-5min-15min-1hour-arbitrage-bot · @terauss · Top-level README |

Educational use: This guide explains mechanics, risk, and configuration. It is not financial advice. No edge is guaranteed.

Table of Contents

  1. What Is This Bot?
  2. How Polymarket 15-Minute Markets Work
  3. How to Run the Bot (Step by Step)
  4. Strategy: Late Entry V3 (Detailed)
  5. Exit Mechanisms (Detailed)
  6. Order Execution (Detailed)
  7. Data Feed & WebSocket
  8. Configuration Reference
  9. Environment Variables Reference
  10. Dashboard & Terminal UI
  11. Web Dashboard (Browser)
  12. Telegram Integration
  13. Safety Features
  14. Project Structure
  15. Troubleshooting

1. What Is This Bot?

Meridian runs four parallel traders — one for each coin (BTC, ETH, SOL, XRP) — sharing a single Polygon wallet. Each trader independently watches its own Polymarket 15-minute prediction market and makes buy/sell decisions.

What it trades: Conditional outcome tokens (UP vs DOWN) on Polymarket markets with slugs like btc-updown-15m-1711234500.

Core idea: Wait until the last 4 minutes of a 15-minute market window, identify which side (UP or DOWN) the market favors, and buy the favorite. Then hold until the market resolves (and collect winnings) or exit early if the position turns bad.

2. How Polymarket 15-Minute Markets Work

Polymarket offers crypto prediction markets that resolve every 15 minutes:

  • A new market opens every 15 minutes (aligned to epoch: 00, 15, 30, 45 past the hour).
  • Each market has two outcomes: UP (price goes up) and DOWN (price goes down).
  • Each outcome token trades between $0.00 and $1.00.
  • When the market resolves, the winning token pays $1.00 and the losing token pays $0.00.

Example timeline:

12:00 ─── Market opens: "Will BTC go up in the next 15 min?"
         UP ask: $0.50, DOWN ask: $0.50 (no consensus yet)
         ...
12:11 ─── Late Entry window starts (4 min before close)
         UP ask: $0.72, DOWN ask: $0.33 (market thinks UP)
         Bot buys 10 UP tokens at $0.72 → cost = $7.20
         ...
12:15 ─── Market resolves
         BTC went up → UP wins → 10 tokens x $1.00 = $10.00
         Profit = $10.00 - $7.20 = $2.80

3. How to Run the Bot (Step by Step)

Prerequisites

  • Python 3.10 or higher
  • A Polygon wallet with USDC (Bridged) — not USDC.e (Native)
  • A small amount of POL/MATIC for gas fees
  • Polymarket API credentials (API key, secret, passphrase)
  • A VPN if you're in a geo-restricted region

Step 1: Clone the Repository

git clone https://github.com/PolyBullLabs/polymakret-5min-15min-1hour-arbitrage-bot.git
cd polymakret-5min-15min-1hour-arbitrage-bot/up-down-spread-bot

Step 2: Create a Virtual Environment

# Create
python -m venv venv

# Activate (Windows)
.\venv\Scripts\activate

# Activate (Linux/macOS)
source venv/bin/activate

Step 3: Install Dependencies

pip install -r requirements.txt

Step 4: Set Up Environment Variables

# Copy the example file
cp .env.example .env       # Linux/macOS
copy .env.example .env     # Windows

Open .env and fill in your credentials:

# REQUIRED — your Polygon wallet private key
PRIVATE_KEY=0xYOUR_PRIVATE_KEY_HERE

# Polygon network
RPC_URL=https://polygon-rpc.com
CHAIN_ID=137

# REQUIRED — Polymarket API credentials
CLOB_HOST=https://clob.polymarket.com
POLYMARKET_API_KEY=your_api_key
POLYMARKET_API_SECRET=your_api_secret
POLYMARKET_API_PASSPHRASE=your_api_passphrase

# OPTIONAL — Telegram notifications
TELEGRAM_BOT_TOKEN=your_bot_token
TELEGRAM_CHAT_ID=your_chat_id

Step 5: Set Up Configuration

# Copy the example config
cp config/config.example.json config/config.json       # Linux/macOS
copy config\config.example.json config\config.json     # Windows

Open config/config.json and review/adjust settings. The most important setting for first-time users:

{
  "safety": {
    "dry_run": true    // <-- Keep this TRUE to test without real money
  }
}

Step 6: Run the Bot

cd src
python main.py

With the browser dashboard (settings editor + live analytics on http://127.0.0.1:5050):

cd src
python main.py --web

The bot will:

  1. Validate configuration and sizing formulas
  2. Connect to Polymarket WebSocket for live orderbook data
  3. Start the dashboard in your terminal
  4. Begin monitoring markets and trading when conditions are met

Step 7: Switch to Live Trading (When Ready)

Once you've verified the bot works correctly in dry-run mode:

  1. Edit config/config.json
  2. Change "dry_run": true to "dry_run": false
  3. Restart the bot

4. Strategy: Late Entry V3 (Detailed)

The Late Entry V3 strategy is a momentum-following, time-constrained strategy. It only enters positions near market expiry, betting on the crowd favorite (the side the market already leans toward).

Why "Late Entry"?

By waiting until the last 4 minutes, the bot:

  • Gets a clearer signal about which side will win (higher confidence)
  • Reduces time exposed to risk
  • Avoids paying inflated prices during the middle of the market when outcomes are uncertain

Entry Decision Flow (Step by Step)

Here is exactly what happens every time the bot evaluates whether to buy:

Step 1: Check Time Window

Is seconds_till_end > 0 AND seconds_till_end <= 240?
  YES → continue
  NO  → skip (too early or market already closed)

The bot only trades in the last 240 seconds (4 minutes) of each 15-minute window.

Example: Market closes at 12:15:00. Entry window is 12:11:00 to 12:15:00.

Step 2: Check Entry Frequency

Has it been at least 7 seconds since last entry in this market?
  YES → continue
  NO  → skip (too soon, wait)

This prevents the bot from spamming orders. Default: one entry attempt per 7 seconds per market.

Step 3: Calculate Spread

spread = up_ask + down_ask
Is spread <= 1.05 AND spread > 0?
  YES → continue
  NO  → skip (spread too wide, orderbook unreliable)

Example:

  • UP ask = $0.72, DOWN ask = $0.30 → spread = 1.02 (good)
  • UP ask = $0.80, DOWN ask = $0.35 → spread = 1.15 (too wide, skip)

In a healthy market, the sum of UP and DOWN asks is close to $1.00. A spread much above $1.05 means the orderbook is thin or stale.

Step 4: Calculate Confidence

confidence = |up_ask - down_ask|
Is confidence >= 0.30?
  YES → continue
  NO  → skip (not enough market consensus)

Example:

  • UP ask = $0.72, DOWN ask = $0.30 → confidence = 0.42 (good, market clearly favors UP)
  • UP ask = $0.55, DOWN ask = $0.48 → confidence = 0.07 (too close, skip)

A confidence of 0.30 means the market prices one side at least 30 cents higher than the other — a strong lean.

Step 5: Identify the Favorite

If up_ask > down_ask → favorite = UP, price = up_ask
If down_ask > up_ask → favorite = DOWN, price = down_ask

The bot always buys the side with the higher ask price — the side the market consensus believes will win.

Step 6: Check Price Cap

Is favorite_price <= 0.92?
  YES → continue
  NO  → skip (too expensive, risk/reward ratio too poor)

Example:

  • UP ask = $0.88 → buy (still profitable if wins: $1.00 - $0.88 = $0.12 profit per token)
  • UP ask = $0.95 → skip (only $0.05 potential profit, not worth the risk)

Step 7: Check Investment Cap

Is total_invested_in_this_market < $300?
  YES → continue
  NO  → skip (maximum investment per market reached)

This prevents over-concentration in a single market.

Step 8: Calculate Position Size (Contracts)

The number of contracts depends on how much time is left:

Time Remaining Contracts
> 180 seconds 8 contracts
> 120 seconds 10 contracts
<= 120 seconds 12 contracts

Why increase size later? Closer to expiry, the prices are more "settled" and the signal is stronger, so the bot takes larger positions.

Example:

  • 200 seconds left, UP ask = $0.72 → Buy 8 UP contracts → cost = 8 x $0.72 = $5.76
  • 100 seconds left, UP ask = $0.78 → Buy 12 UP contracts → cost = 12 x $0.78 = $9.36

Complete Entry Example

Market: btc-updown-15m-1711234500 (closes at 12:15:00)
Time: 12:12:30 (150 seconds remaining)

Orderbook:
  UP  ask: $0.72
  DOWN ask: $0.30

Step 1: 150s remaining, within [0, 240] → PASS
Step 2: Last entry was 10s ago, >= 7s → PASS
Step 3: Spread = 0.72 + 0.30 = 1.02 <= 1.05 → PASS
Step 4: Confidence = |0.72 - 0.30| = 0.42 >= 0.30 → PASS
Step 5: Favorite = UP (0.72 > 0.30), price = $0.72
Step 6: Price $0.72 <= $0.92 → PASS
Step 7: Total invested = $5.76 < $300 → PASS
Step 8: 150s remaining (> 120s) → 10 contracts

SIGNAL: BUY 10 UP contracts at $0.72
Cost: 10 x $0.72 = $7.20

5. Exit Mechanisms (Detailed)

There are three ways the bot exits a position:

Exit 1: Natural Resolution (Hold to Expiry)

This is the default. If no stop-loss or flip-stop triggers, the bot holds until the market resolves:

  • Winning side: Tokens pay $1.00 each. The bot redeems them automatically.
  • Losing side: Tokens become worthless ($0.00).

Example:

Bought: 10 UP contracts at $0.72 → cost $7.20
Market resolves: BTC went UP
Payout: 10 x $1.00 = $10.00
Profit: $10.00 - $7.20 = $2.80 (+38.9%)

Bought: 10 UP contracts at $0.72 → cost $7.20
Market resolves: BTC went DOWN
Payout: 10 x $0.00 = $0.00
Loss: $0.00 - $7.20 = -$7.20 (-100%)

Exit 2: Per-Coin Stop-Loss

Each coin has its own stop-loss threshold. When the unrealized PnL (mark-to-market loss) reaches the threshold, the bot immediately sells.

How unrealized PnL is calculated:

total_value = (up_shares x up_ask) + (down_shares x down_ask)
unrealized_pnl = total_value - total_invested

Two stop-loss types:

Type Config Triggers When
Fixed "type": "fixed", "value": -12.0 unrealized_pnl <= -$12.00
Percent "type": "percent", "value": 15 unrealized_pnl <= -(15% of total_invested)

Default config: BTC/ETH/SOL use fixed -$12, XRP uses fixed -$11.

Example (Fixed Stop-Loss):

Position: 15 UP contracts bought at avg $0.70 → total invested = $10.50
Current: UP ask = $0.40, DOWN ask = $0.55
Value: 15 x $0.40 + 0 x $0.55 = $6.00
Unrealized PnL: $6.00 - $10.50 = -$4.50

Stop-loss threshold: -$12.00
-$4.50 > -$12.00 → no trigger yet

Later... UP ask drops to $0.15:
Value: 15 x $0.15 = $2.25
Unrealized PnL: $2.25 - $10.50 = -$8.25

-$8.25 > -$12.00 → still no trigger

Later... UP ask drops to $0.05:
Value: 15 x $0.05 = $0.75
Unrealized PnL: $0.75 - $10.50 = -$9.75

-$9.75 > -$12.00 → still no trigger

(This shows that with small position sizes like $10.50,
 a $12 fixed stop-loss may never trigger before expiry)

Example (Percent Stop-Loss):

Position: 20 UP contracts bought at avg $0.70 → total invested = $14.00
Stop-loss: 15% → threshold = -(14.00 x 0.15) = -$2.10

UP ask drops to $0.60:
Value: 20 x $0.60 = $12.00
Unrealized PnL: $12.00 - $14.00 = -$2.00
-$2.00 > -$2.10 → no trigger

UP ask drops to $0.59:
Value: 20 x $0.59 = $11.80
Unrealized PnL: $11.80 - $14.00 = -$2.20
-$2.20 <= -$2.10 → STOP-LOSS TRIGGERED → sell all UP tokens

Exit 3: Flip-Stop (Price Reversal Protection)

The flip-stop detects when the market sentiment has reversed against your position. If you hold UP tokens and the UP price drops below the flip threshold, the bot sells immediately.

How it works:

our_side = whichever side we hold more contracts of
our_price = current ask price of our side

If our_price <= flip_stop_price (default $0.48) → TRIGGER

Why $0.48? If UP was trading at $0.72 when you bought and now it's at $0.48, the market no longer considers UP the favorite. The sentiment has flipped.

Example:

Bought: 10 UP contracts at $0.72

Later: UP ask drops to $0.52, DOWN ask rises to $0.50
Our price ($0.52) > $0.48 → no trigger

Later: UP ask drops to $0.47, DOWN ask rises to $0.55
Our price ($0.47) <= $0.48 → FLIP-STOP TRIGGERED
→ Bot sells all UP tokens immediately
→ Saves remaining value instead of riding to $0.00

Price Validation Before Any Exit

Before checking stop-loss or flip-stop, the bot validates that prices are reliable:

  1. Both UP and DOWN ask prices must be fresh (updated within last 2 seconds)
  2. UP and DOWN timestamps must be within 2 seconds of each other
  3. up_ask + down_ask must be between $0.95 and $1.15

If any check fails, exit decisions are skipped for that tick (to avoid selling on stale/bad data).

6. Order Execution (Detailed)

Buying: FAK Orders (Fill-And-Kill)

FAK (Fill-And-Kill) orders try to fill immediately against existing orderbook liquidity. Whatever doesn't fill is cancelled.

Buy flow:

  1. Calculate aggressive price: ask_price x 1.05 (5% above ask for slippage tolerance)
  2. Submit FAK order for the full contract amount
  3. If partially filled, submit another FAK for the remaining amount
  4. Repeat up to 3 attempts (configurable)
  5. Stop when >= 98% of requested contracts are filled, or remaining value < $1.00

Example:

Want: 10 contracts at ask $0.72
Aggressive price: $0.72 x 1.05 = $0.756 → rounded up to $0.76

Attempt 1: FAK order for 10 contracts at $0.76
  Result: 7 filled at $0.72-$0.74
  Remaining: 3 contracts

Attempt 2: FAK order for 3 contracts at $0.76
  Result: 3 filled at $0.73
  Remaining: 0

Total: 10/10 filled (100%) → done

Selling: FOK Chunked (Fill-Or-Kill in Chunks)

When the bot needs to exit (stop-loss, flip-stop, or market close), it sells in chunks:

  1. Read actual ERC-20 token balance from the blockchain
  2. Split into chunks of 50 contracts each
  3. Each chunk: FOK order at $0.01 (sell at any price)
  4. Up to 5 retries per chunk if it fails
  5. After all chunks: sweep any remaining dust

Why $0.01? This is a "market sell" — accept any price to exit quickly. In an emergency exit, speed matters more than getting the best price.

Example:

Position: 120 UP tokens to sell

Chunk 1: FOK sell 50 at $0.01 → filled
Chunk 2: FOK sell 50 at $0.01 → filled
Chunk 3: FOK sell 20 at $0.01 → filled
Sweep: 0 remaining → done

Total sold: 120 tokens

Dust Sweeping

After selling, tiny fractional balances might remain (e.g., 0.3 tokens). The bot runs a multi-stage sweep:

  1. FOK sweep: Try up to 3 times
  2. FAK fallback: Try up to 3 times
  3. GTC order: Place a Good-Till-Cancelled order at $0.01
  4. Delayed sweep: Wait 1 second, re-check balance, try FOK/FAK again

Automatic Redemption

After a market resolves, winning tokens can be redeemed for $1.00 each. The bot runs a background thread:

  • First check: 8 minutes after startup
  • Subsequent checks: Every 5 minutes
  • Queries Polymarket API for redeemable positions
  • Redeems automatically with configurable gas settings

7. Data Feed & WebSocket

How Market Data Flows

Polymarket Gamma API               Polymarket WebSocket
(REST - market metadata)           (Realtime orderbook)
        │                                  │
        ▼                                  ▼
   _fetch_tokens()                  on_message()
   Gets token IDs,                  Parses "book" events,
   condition IDs                    extracts best ask/bid
        │                                  │
        └────────────┬─────────────────────┘
                     ▼
              DataFeed object
              (up_ask, down_ask, timestamps)
                     │
                     ▼
            on_price_update callback
            (called on every orderbook update)
                     │
                     ▼
         Strategy → Entry/Exit decisions

Market Slot Calculation

Markets align to fixed-length epoch boundaries. Length is data_sources.polymarket.market_interval_sec (default 900 = 15 minutes; 300 = 5 minutes):

interval = 900   # or 300 for 5m
current_time = 1711234567 (Unix timestamp)
slot = (current_time // interval) * interval
market_slug = "btc-updown-15m-<slot>"   # or "btc-updown-5m-<slot>"
market_end = slot + interval

WebSocket Reconnection

When a market expires, the bot automatically:

  1. Calculates the next slot for the configured interval
  2. Fetches new token IDs from Gamma API
  3. Reconnects WebSocket with new asset IDs
  4. Timer resets for the new market window

8. Configuration Reference

All settings live in config/config.json. Here is every section:

safety — Risk Controls

Key Default Description
dry_run true If true, simulates trades without real money
max_order_size_usd 150 Maximum single order size (contracts x price)
max_orders_per_minute 100 Rate limit for orders
max_total_investment 1000 Maximum cumulative investment per market slug

trading — Coin Enable/Disable

Key Default Description
btc.enabled true Enable BTC trading
eth.enabled true Enable ETH trading
sol.enabled true Enable SOL trading
xrp.enabled false Enable XRP trading (disabled by default — less liquid)

strategy — Entry Parameters

Key Default Description
name late_entry_v3 Strategy identifier
entry_window_sec 240 Only enter in last N seconds of market
entry_frequency_sec 7 Minimum seconds between entries in same market
min_confidence 0.30 Minimum |up_ask - down_ask| to enter
max_spread 1.05 Maximum up_ask + down_ask allowed
price_max 0.92 Maximum price to pay for favorite side
max_investment_per_market 300 Maximum USD invested per market
sizing.above_180_sec 8 Contracts when > 180s remaining
sizing.above_120_sec 10 Contracts when > 120s remaining
sizing.below_120_sec 12 Contracts when <= 120s remaining

exit.flip_stop — Flip-Stop Settings

Key Default Description
enabled true Enable flip-stop exit
price_threshold 0.48 Sell when our side's ask drops to this
check_realtime true Check on every price update

exit.stop_loss — Per-Coin Stop-Loss

Key Default Description
enabled true Enable stop-loss
per_coin.btc.type fixed fixed = dollar amount, percent = % of invested
per_coin.btc.value -12.0 Threshold (negative = loss amount)
per_coin.eth.value -12.0 ETH stop-loss threshold
per_coin.sol.value -12.0 SOL stop-loss threshold
per_coin.xrp.value -11.0 XRP stop-loss threshold

execution.buy — Buy Order Settings

Key Default Description
order_type FAK Fill-And-Kill order type
max_fak_attempts 3 Retry attempts per buy
retry_delay_sec 0.3 Delay between retries
min_order_usd 1.0 Minimum remaining order value to continue
target_fill_percent 98.0 Stop retrying when this % is filled

execution.sell — Sell Order Settings

Key Default Description
strategy FOK_CHUNKED Sell in FOK chunks
chunk_size 50 Contracts per chunk
chunk_delay_sec 0.1 Delay between chunks
max_chunk_retries 5 Retries per chunk
price 0.01 Sell price (market sell)
min_dust_threshold 0.1 Ignore balances below this
sweep_max_attempts 3 FOK sweep retry count
sweep_enable_fallback true Enable FAK/GTC fallback
delayed_sweep_enabled true Re-check balance after delay
delayed_sweep_delay_sec 1 Seconds to wait before delayed sweep

execution.redeem — Redemption Settings

Key Default Description
startup_check_delay_sec 60 Wait before first redeem check
first_check_delay_sec 480 First regular check (8 min after start)
check_interval_sec 300 Check every 5 minutes after that
sizeThreshold 0.1 Minimum token balance to redeem
gas_limit 500000 Gas limit for redeem transactions
gas_price_multiplier 1.5 Gas price multiplier

execution.rpc_config — Polygon RPC

Key Default Description
endpoints ["https://polygon-rpc.com"] RPC endpoint(s)
retry_attempts 10 Max retries for RPC calls
enable_parallel_requests true Query multiple endpoints in parallel

data_sources.polymarket — Market window length

Key Default Description
gamma_api https://gamma-api.polymarket.com Gamma REST base URL
ws_url wss://ws-subscriptions-clob.polymarket.com/ws/market Orderbook WebSocket
market_window "15m" Choose here: "5m" = 5-minute Up/Down ({coin}-updown-5m-{slot}), "15m" = 15-minute ({coin}-updown-15m-{slot}).
market_interval_sec (derived) Set automatically from market_window (300 or 900). You can set this instead of market_window if you need raw seconds; if both are set, market_window wins.

For 5-minute markets, set "market_window": "5m" and tune strategy.entry_window_sec if needed (for example 90–120 seconds). The strategy scales time-based sizing tiers to shorter windows automatically (e.g. 60s/40s for 5m).

display — Terminal Dashboard

Key Default Description
width 160 Dashboard width in characters
update_interval 1 Dashboard refresh interval (seconds)

logging — Log File Paths

Key Default Description
trades_file logs/trades.jsonl Trade log (JSON Lines)
session_file logs/session.json Session state file

9. Environment Variables Reference

All environment variables are set in the .env file at the project root.

Required for Live Trading

Variable Example Description
PRIVATE_KEY 0xabcdef... Polygon wallet private key (64 hex chars after 0x)
RPC_URL https://polygon-rpc.com Polygon RPC endpoint
CHAIN_ID 137 Polygon chain ID (always 137)
CLOB_HOST https://clob.polymarket.com Polymarket CLOB API host
POLYMARKET_API_KEY abc-123-... Your Polymarket API key
POLYMARKET_API_SECRET base64string== Your Polymarket API secret
POLYMARKET_API_PASSPHRASE passphrase Your Polymarket API passphrase

Optional

Variable Description
TELEGRAM_BOT_TOKEN Telegram bot token for notifications
TELEGRAM_CHAT_ID Telegram chat ID to receive messages

How to Get Polymarket API Credentials

  1. Go to Polymarket and log in
  2. Navigate to your account settings
  3. Generate API credentials (key, secret, passphrase)
  4. Your private key is the Polygon wallet key linked to your Polymarket account

10. Dashboard & Terminal UI

When running, the bot displays a live terminal dashboard (refreshes every second):

═══════════════════════════════════════════════════════════════════
 Runtime: 00:45:23  |  BTC | ETH | SOL | XRP  (Polymarket orderbooks)
═══════════════════════════════════════════════════════════════════

 Strategy: late_v3
 Balance: $487.32  |  Trades: 12  |  W/L: 8/4  |  Win Rate: 66.7%

 BTC  [15m-1711234500]  Time: 142s   UP: $0.72  DN: $0.30  Fav: UP  Conf: 0.42
      Position: 10 UP @ $0.72  |  PnL: +$1.20  |  Max DD: -$0.80
      If UP wins: +$2.80  |  If DN wins: -$7.20

 ETH  [15m-1711234500]  Time: 142s   UP: $0.65  DN: $0.38  Fav: UP  Conf: 0.27
      (waiting for confidence >= 0.30)

 SOL  [15m-1711234500]  Time: 142s   UP: $0.80  DN: $0.22  Fav: UP  Conf: 0.58
      Position: 12 UP @ $0.78  |  PnL: +$0.24  |  Max DD: -$0.60

 XRP  [disabled]

 Recent trades:
   btc-updown-15m-1711233600  UP  WIN   +$3.40
   sol-updown-15m-1711233600  UP  LOSS  -$6.20

 [M] Manual Redeem All  |  [Ctrl+C] Stop
═══════════════════════════════════════════════════════════════════

What each line shows:

  • Per coin: Market ID suffix, time remaining, UP/DOWN asks, favorite side, confidence score
  • Position: Number of contracts, average entry price, current unrealized PnL, maximum drawdown
  • Scenarios: What happens if UP wins vs if DOWN wins (helps you understand your exposure)
  • Recent trades: Last closed trades with win/loss result and PnL

11. Web Dashboard (Browser)

Install dependencies (flask is listed in requirements.txt). From the src directory, start the bot with the web UI enabled:

cd src
python main.py --web

Open http://127.0.0.1:5050/ (or --web-port / --web-host as needed).

Feature Description
Live analytics Session uptime, mode (dry run / live), wallet balance, total PnL, ROI, per-coin orderbook (UP/DN asks, favorite, confidence), open position with unrealized PnL and scenario PnL
Recent trades Last closed trades across strategies
Settings Load and edit config/config.json in the browser; save writes the file — restart the bot to apply changes
Request stop Sends the same graceful stop as Ctrl+C (shutdown handler saves positions)

Security: By default the server binds to 127.0.0.1 only. Use --web-host 0.0.0.0 only on trusted networks (add a reverse proxy and authentication if exposing to the internet).

API (for your own tools): GET /api/status (JSON snapshot), GET/POST /api/config, POST /api/bot/stop, GET /api/health.

You can also run the Flask app alone for a read-only view when logs/bot_state.json is being updated: cd src then python -m web_dashboard.server (snapshot appears after the bot has run with --web at least once).

12. Telegram Integration

If configured, the bot sends notifications and accepts commands via Telegram.

Commands

Command Description
/chart or /pnl Generate and send a PnL chart image
/b or /balance Show wallet USDC and POL balance
/t or /positions Show all active positions
/r or /redeem Manually trigger redemption of resolved markets
/off or /stop Emergency shutdown (asks for confirmation)
/help List all available commands

Notifications Sent Automatically

  • Trade entries (coin, side, contracts, price)
  • Trade exits (reason, PnL)
  • Stop-loss and flip-stop triggers
  • Market resolution results
  • Error alerts

13. Safety Features

Dry Run Mode

When safety.dry_run is true:

  • All buy orders are simulated (no real transactions)
  • All sell orders are simulated
  • The bot behaves identically otherwise (prices, signals, dashboard)
  • Use this to verify the bot works before risking real money

Order Size Limits

  • Per order: max_order_size_usd (default $150) — rejects any single order above this
  • Per market: max_total_investment (default $1000) — tracks cumulative investment per market slug
  • Per strategy: max_investment_per_market (default $300) — checked by the strategy before signaling

Rate Limiting

  • Maximum max_orders_per_minute (default 100) orders per minute
  • Entry frequency: one signal per 7 seconds per market (prevents order spam)

Emergency Stop

  • Press Ctrl+C to gracefully shut down (saves positions as emergency saves)
  • Use /off in Telegram for remote shutdown
  • SafetyGuard.activate_emergency_stop() blocks all future orders

Price Validation

Before any exit decision, prices are validated:

  • Must be fresh (< 2 seconds old)
  • UP and DOWN timestamps must be synchronized (< 2 seconds apart)
  • Sum of asks must be reasonable (between $0.95 and $1.15)

This prevents the bot from making exit decisions on stale or corrupted data.

14. Project Structure

up-down-spread-bot/
├── src/
│   ├── main.py                    # Entry point, main loop, callbacks, config loading
│   ├── market_config.py           # market_window "5m"/"15m" → market_interval_sec
│   ├── strategy.py                # Late Entry V3 strategy logic
│   ├── trader.py                  # Per-coin position management and PnL tracking
│   ├── multi_trader.py            # Manages multiple Trader instances (one per coin)
│   ├── data_feed.py               # Gamma API + WebSocket orderbook feed
│   ├── order_executor.py          # CLOB client: FAK buys, FOK sells, sweeps, redeems
│   ├── polymarket_api.py          # Gamma API helper for market resolution
│   ├── safety_guard.py            # Dry run, order limits, rate limiting, emergency stop
│   ├── position_tracker.py        # Position model (for WebSocket user channel)
│   ├── trade_logger.py            # Logs trades to logs/trades.log
│   ├── dashboard_multi_ab.py      # Terminal UI rendering
│   ├── telegram_notifier.py       # Telegram bot notifications and commands
│   ├── simple_redeem_collector.py # Background thread for automatic redemption
│   ├── pnl_chart_generator.py     # Matplotlib PnL chart generation
│   ├── keyboard_listener.py       # Non-blocking keyboard input (cross-platform)
│   ├── web_dashboard_state.py     # Thread-safe snapshot for browser dashboard
│   └── web_dashboard/             # Flask app: API + static UI (python main.py --web)
├── config/
│   ├── config.json                # Your trading configuration (create from example)
│   └── config.example.json        # Example configuration template
├── logs/                          # Log files (created automatically)
│   ├── trades.jsonl               # Trade history (JSON Lines)
│   ├── safety.log                 # Safety guard events
│   ├── bot_state.json             # Written when using --web (optional monitoring file)
│   └── session.json               # Session state
├── docs/                          # Documentation
│   └── README.md                  # This file
├── requirements.txt               # Python dependencies
├── .env                           # Your environment variables (create from example)
├── .env.example                   # Example environment template
├── .gitignore                     # Git ignore rules
└── README.md                      # Project overview

15. Troubleshooting

ModuleNotFoundError: No module named 'termios'

This happens on Windows. The keyboard_listener.py uses Unix-only modules. Make sure you have the latest version which includes Windows support via msvcrt.

FileNotFoundError: config/config.json

You need to create the config file from the example:

cp config/config.example.json config/config.json     # Linux/macOS
copy config\config.example.json config\config.json   # Windows

UnicodeEncodeError: 'charmap' codec can't encode character

This happens on Windows when writing emoji characters to log files. Make sure all open() calls in safety_guard.py use encoding='utf-8'.

"Rate limit exceeded"

The public Polygon RPC has rate limits. Use a private RPC:

RPC_URL=https://polygon-mainnet.g.alchemy.com/v2/YOUR_API_KEY

"Invalid signature"

  1. Verify your API credentials are correct in .env
  2. Make sure the private key matches your Polymarket account
  3. Regenerate API credentials on Polymarket if needed

WebSocket Disconnects

The bot auto-reconnects between market windows. If connections drop frequently:

  1. Check your internet connection
  2. Try a VPN
  3. Change DNS to 1.1.1.1 or 8.8.8.8

Positions Not Redeeming

  1. Oracle resolution takes 1-2 minutes after market close
  2. Use /r in Telegram to manually trigger
  3. Check logs/ directory for error details
  4. The bot checks for redeemable positions every 5 minutes automatically

Disclaimer

This software is for educational purposes only. Trading on prediction markets involves substantial risk of loss. Past performance does not indicate future results. Use at your own risk and never trade with money you cannot afford to lose. Extended strategies (martingale / anti-martingale / Fibonacci sizing, full TA stacks, Bayesian edge, Avellaneda–Stoikov-style inventory, Kelly, Monte Carlo, and related) are offered separately—see the repository README and Telegram @terauss.

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