Pure Market Making Mode¶

In pure market making mode, the bot runs a continuous ping-pong cycle on one or both sides of the market, using a single entry and a corresponding take-profit.

Available Modes¶

market_making_long: only long-side ping-pong (buy then sell)
market_making_short: only short-side ping-pong (sell then buy)
market_making_both: simultaneous ping-pong on both sides

How It Works¶

Place Entry Order
- Long entry at:
  entry_price = mid_price * (1 - first_entry_offset)
- Short entry at:
  entry_price = mid_price * (1 + first_entry_offset)
Place Take-Profit Order
As soon as the entry fills, post a TP on the opposite side:
tp_price = entry_price * (1 ± tp_distance)
– use + for longs, - for shorts
Repeat Cycle
When the TP fills, flip back into the entry order and continue indefinitely.

Key Configuration Parameters¶

Parameter	Description
`mode`	One of `market_making_long`, `market_making_short`, or `market_making_both`.
`first_entry_offset`	Decimal fraction from mid-price for entry (e.g. `0.001` = 0.1%).
`tp_distance`	Decimal fraction beyond entry for take-profit (e.g. `0.0055` = 0.55%).
`order_qty`	Size of each ping or pong order.
`chase_offset_bps`	Basis points to chase the entry if it doesn’t fill immediately (e.g. `0.5` = 0.05%).

Note: All grid-related settings (e.g. grid_levels, level_step, dynamic_distribution, always_full_grid, continued_grid_mode) are completely ignored in pure market making mode.

When to Use¶

Use pure-market-making-mode for tight, single-level ping-pong strategies where you want exactly one entry and one take-profit per cycle, rather than a multi-level grid.