avoiding partially filled orders

gerhatt · April 4, 2022, 5:53pm

Hi, is there a way to set a spot limit order in GTC timeframe that will not be partially filled?
I have a logic where I set the price of an order and wait until it is filled, but I would like to avoid additional code that would handle partially_filled orders, so it would be better to set the order that it can be either filled, or cancelled, but not partially filled.

dino · April 5, 2022, 3:02am

this can be done by setting timeInForce=FOK, please find details from the document:

github.com

binance/binance-spot-api-docs/blob/master/rest-api.md

<!-- START doctoc generated TOC please keep comment here to allow auto update -->
<!-- DON'T EDIT THIS SECTION, INSTEAD RE-RUN doctoc TO UPDATE -->
**Table of Contents**  *generated with [DocToc](https://github.com/thlorenz/doctoc)*

  - [General API Information](#general-api-information)
  - [HTTP Return Codes](#http-return-codes)
  - [Error Codes](#error-codes)
  - [General Information on Endpoints](#general-information-on-endpoints)
- [LIMITS](#limits)
  - [General Info on Limits](#general-info-on-limits)
  - [IP Limits](#ip-limits)
  - [Order Rate Limits](#order-rate-limits)
- [Data Sources](#data-sources)
- [Endpoint security type](#endpoint-security-type)
- [SIGNED (TRADE and USER_DATA) Endpoint security](#signed-trade-and-user_data-endpoint-security)
  - [Timing security](#timing-security)
  - [SIGNED Endpoint Examples for POST /api/v3/order](#signed-endpoint-examples-for-post-apiv3order)
    - [Example 1: As a request body](#example-1-as-a-request-body)
    - [Example 2: As a query string](#example-2-as-a-query-string)
    - [Example 3: Mixed query string and request body](#example-3-mixed-query-string-and-request-body)

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gerhatt · April 5, 2022, 8:53am

thanks, I submitted a FOK order via the binance web - advanced trading mode and it immediately expired… I can’t see in the docs how to set the expiration

rmc135 · April 11, 2022, 8:11am

I am also interested in clarification about Fill Or Kill. Binance API docs say:

“An order will expire if the full order cannot be filled upon execution.”

But based on what other sites say about FOK, I think a more accurate description would be that it expires if it cannot be IMMEDIATELY filled when the call is made? In other words, it’s not a limit order that will stay open until it can be filled in one go.

I guess there is no option to “fill or wait” because then the order book would contain limit orders that another user cannot execute (their trade offer won’t fill it 100% and will thus be ignored).

gerhatt · April 12, 2022, 11:43am

I managed to solve the issue in a way that in case I receive a status update that my order is PARTIALLY_FILLED I continue to wait in a loop for further status updates until I get the final FILLED status - that’s when I exit the loop and the order is fully filled. My experience is that once the order is starting to be partially filled it is fully filled within a few minutes.

danielt · September 25, 2022, 3:34pm

Thank you for your feedback, you saved me my time without having to test this hypotese as a solution. It works.