API Analyzer

API Analyzer

OpenAlgo API Analyzer Documentation

The OpenAlgo API Analyzer is a versatile tool designed to assist both traders and developers in testing, validating, and monitoring their trading integrations seamlessly and in real-time.

For Traders

Key Features

  1. Real-Time Order Validation

    • Test orders without triggering actual execution

    • Receive instant feedback on order parameters

    • Validate trading strategies before deploying them live

  2. Order Monitoring

    • Get a real-time view of all order requests

    • Track modifications and cancellations in real-time

    • Monitor position closures effectively

  3. Strategy Management

    • Group and track orders by strategy name

    • Simultaneously monitor multiple strategies

    • Analyze and compare strategy performance metrics

  4. Risk Management

    • Verify order parameters prior to execution

    • Check position sizes, quantities, and limits

    • Ensure price triggers and conditions meet expectations

  5. Notifications

    • Instant visual and sound alerts for key actions

    • Clear feedback for successes and errors

    • Simplify tracking with real-time notifications

Benefits for Traders

  1. Risk Reduction

    • Safely test strategies without financial exposure

    • Catch and correct errors before execution

    • Minimize trading-related risks

  2. Strategy Optimization

    • Refine trading parameters with confidence

    • Experiment with different order types

    • Optimize the efficiency of position sizing

  3. Operational Efficiency

    • Quickly validate trading concepts and ideas

    • Monitor multiple strategies effortlessly

    • Gain real-time insights into order statuses

  4. Cost Savings

    • Prevent costly trading errors

    • Use the analyzer for strategy testing without incurring brokerage fees

    • Optimize overall trading expenses

For Developers

Technical Features

  1. API Testing Environment

    • Test API endpoints in a sandbox mode

    • Validate request and response formats

    • Debug integration issues with ease

  2. Request Validation

    • Automatic checks for parameter accuracy

    • Verify symbol compatibility with exchanges

    • Ensure price and quantity values comply with requirements

  3. Response Analysis

    • Inspect detailed API responses

    • Analyze error messages for troubleshooting

    • Verify HTTP status codes and response structures

  4. Real-Time Monitoring

    • Use WebSocket connections for live event tracking

    • Log all requests and responses for analysis

    • Monitor API performance metrics in real-time

  5. Debug Tools

    • View complete request details

    • Inspect comprehensive response data

    • Track API call sequences and timing

Supported API Endpoints

The API Analyzer supports testing for the following endpoints:

  • Place Order - Test order placement with various parameters

  • Place Smart Order - Validate smart order configurations

  • Modify Order - Test order modification scenarios

  • Cancel Order - Verify order cancellation logic

  • Cancel All Orders - Test bulk order cancellation

  • Close Position - Validate position closure mechanisms

Validation Rules

The API Analyzer automatically validates:

  • Required Fields - Ensures all mandatory parameters are present

  • Data Types - Validates correct data type usage

  • Value Ranges - Verifies values are within acceptable limits

  • Symbol Existence - Checks if symbols are valid and tradable

  • Exchange Compatibility - Ensures symbols match the specified exchange

Event System

Real-time monitoring through:

  • WebSocket Events - Live updates on order activities

  • Order Status Updates - Immediate notification of status changes

  • Error Notifications - Instant alerts for issues or failures

  • System Alerts - Important system-level messages

Integration Benefits

  1. Faster Development

    • Quick API testing without live trading

    • Instant feedback on integration code

    • Easy debugging with detailed logs

  2. Code Quality

    • Validate integration logic thoroughly

    • Catch errors early in development

    • Ensure proper error handling mechanisms

  3. Documentation

    • Access example requests and responses

    • Study error scenarios and solutions

    • Learn integration patterns and best practices

  4. Maintenance

    • Track API usage patterns

    • Monitor performance metrics

    • Debug issues efficiently

Best Practices

Testing

  • Always test new strategies in analyzer mode first before going live

  • Validate all parameters thoroughly before enabling live trading

  • Test edge cases and error scenarios to ensure robust integration

Monitoring

  • Regularly check analyzer logs for any anomalies

  • Monitor error rates to identify potential issues

  • Track strategy performance to optimize trading logic

Integration

  • Implement proper error handling for all API calls

  • Use retry logic for transient failures

  • Respect API rate limits to avoid throttling

Security

  • Keep API keys secure and never expose them in logs

  • Use environment variables for sensitive configuration

  • Regularly rotate credentials for enhanced security

Getting Started

Enabling API Analyzer Mode

  1. Navigate to OpenAlgo Settings

  2. Toggle the "API Analyzer Mode" switch to ON

  3. The interface will switch to Garden theme to indicate analyzer mode is active

  4. All API calls will now be processed in test mode without live execution

Using the Analyzer

  1. Place Test Orders - Use your existing API integration or trading application

  2. Monitor Requests - View real-time order requests in the analyzer dashboard

  3. Review Responses - Check API responses and validation results

  4. Analyze Performance - Track strategy metrics and order flow

Switching Back to Live Mode

  1. Navigate to OpenAlgo Settings

  2. Toggle the "API Analyzer Mode" switch to OFF

  3. The interface will revert to default theme

  4. All subsequent API calls will execute live orders

Support

For technical support or feature requests:

  • GitHub Issues - Report bugs and request features at OpenAlgo Repository

  • Community Support - Join discussions and get help from the community

  • Documentation - Access comprehensive guides at docs.openalgo.in


Note: The API Analyzer is designed for testing and validation purposes. For complete trading simulation with virtual capital, margin tracking, and position management, see the Sandbox Mode documentation.

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