Tutorial: Order Trigger Bot

Introduction

Order Trigger Bots (Trigger Bots) are responsible for marking orders that satisfy the trigger condition, including:

• Trigger Market Orders - Stop Market and Take Profit

• Trigger Limit Orders - Stop Limit and Take Profit Limit

Trigger Bots receive a small compensation for each successfully marked order.

See Keepers & Decentralised Orderbook for a technical explanation of how the decentralised orderbook (DLOB) and matching incentives work.

Trigger Bots are similar to Tutorial: Order Matching Bot in that they:

• also maintain a local copy of the Keepers & Decentralised Orderbook;

• do not require the operator to manage collateral; and

• receive a small reward for performing their duties.

Getting Started

The reference implementation of a Trigger Bot is available here .

Follow Keeper Bots to set required environment variables and initialize a Drift user account.

Start the Trigger Bot:

yarn run dev:trigger

Technical Explanation

The trigger bot polls the DLOB for orders whose trigger conditions are now met (e.g. oracle price crossed a stop-loss level) and submits a transaction to mark them as triggered, earning a small keeper reward.

const market = this.driftClient.getMarketAccounts()[0]; // get a MarketAccount
 
const oraclePriceData = this.driftClient.getOracleDataForMarket(marketIndex);
 
const nodesToTrigger = this.dlob.findNodesToTrigger(
    marketIndex,
    this.slotSubscriber.getSlot(),
    oraclePriceData.price
);

const user = this.userMap.get(nodeToTrigger.node.userAccount.toString());
const txSig = await this.driftClient.triggerOrder(
    nodeToTrigger.node.userAccount,
    user.getUserAccount(),
    nodeToTrigger.node.order
);