Understanding Kraken Futures Parameters in Testing

In this section, we will explore the different parameters you can configure when creating a trading template for Kraken Futures in Testing. These templates define the specifics of the order that will be executed, including symbol, quantity, order type, and more.

Below is a breakdown of each parameter:

• Symbol - Defines the trading symbol or pair, such as XBTUSD. This specifies the market in which the trade will be executed.
• Quantity - The size associated with the order. Note that different Futures have different contract sizes.
• Type - Defines the order type. Includes Market or Limit orders. A Market order executes immediately at the current market price, while a Limit order will only execute at a specified price.
• Limit Price - If you choose a Limit order type, this parameter specifies the price at which you want the order to be executed. If the market does not reach this price, the order will not be filled.
• Side - Indicates whether you are placing a Buy or Sell order. A Buy order will purchase the specified quantity of the asset, while a Sell order will sell it.