@communications_team , we request to rewise the API rate limits.
Other broker are providing unlimited API call capped at per minute or per second.
No limit on total API calls.
Kindly consider revising the limits so that we are not locked out in between the strategies. Once the API limit is reached, even exit positions dont work affecting the Risk Management.
while it is upto Fyers to decide, your code should check for all hard limits to avoid crossing them.
I have a counter and ensures that i am keeping a reasonable buffer to the daily limit. (as well as other sec/min ones)
also consider using websocket for data and order updates which will reduce polling significantly.
is websocket order updates reliable ? what’s urs experience with it. Is there a possibility of missing an update. How do you handle it and ensure the missed update is still counted
@pranavshinde , till now no orders were missing with order webhooks, If you still have doubts start polling ordres() every minute. Have SL-Limit orders to save yourself from violent moves(If option selling then have double hedge).
Coming to rate limits if you are near or exceeding 10k/day, then your code needs serious restructuring.
Thanks for your comments ! I haven’t move to websockets yet hence my code comes closer to the rate limit.
Will try using websockets and see if the experience changes.
But still @communications_team should consider atleast doubling the API Limit.
@pranavshinde because of the API limit , im prefer to use Optionchain API .
What is option chain api? Is it from fyers or NSE?
Hi @pranavshinde, @chirag, @immature_trader & @sathishmurugan450-phl
Exciting News!
The API daily rate limits have been increased to 1,00,000 requests per day, a tenfold increase from the previous limit of 10,000 requests.
You can now make up to 100,000 requests without any interruptions.
Please note that the per-second and per-minute rate limits remain unchanged.
We hope you’ll enjoy this enhancement.
Happy Trading!
That is a good step that will help many
Awesome !