By integrating Phemex with SignalStack, the incoming alerts from Signal Sources like TrendSpider can be automatically converted into executed orders in your Phemex trading account without the need to code any instruction.
This documentation will explore the steps to connect Phemex with SignalStack to enable automated trading.
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Connecting Phemex
After creating a SignalStack account or signing in to your existing account, you must select the Signal Source from where you want to capture the alerts to be converted into executed orders in your “Phemex” trading account.
Once you have selected the Signal Source, select Phemex from the list of brokers and exchanges to connect to SignalStack. After that, you must generate your API credentials from your Phemex account and paste the keys into the designated field to establish the connection.
Generating API Keys
Step 1: Sign in to your Phemex account, click “Profile Icon” from the top, and select “API Management” from the dropdown list.
Step 2: Click on the "Create New Key" button on the right side of the “API Management” page.
A pop-up will appear, choose "Default API entry" and click on the “Next” button.
Step 3: Enter the name and IP address. Traders need to configure API permissions for automated trading and click on the “Confirm” button.
| Permissions | Action |
|---|---|
| Read-Only | Unselect |
| Read & Trade Permission | Select |
| IP Address | Don't Bind |
Read-Only: Allows access to read account and market data but no trading or withdrawals.
Read & Trade Permission: Allows access to read account and market data, and execute trades.
Step 4: Enter the Google Authenticator Code.
Step 5: Your Phemex API key and Secret Key are created. Press the "Already recorded and saved" button.
Step 6: Once you have successfully generated and pasted the API keys in the required fields, hit the Continue button.
Step 7: Your Phemex accounts will be connected with SignalStack.