Ethereum: Trying to place a binance futures trailing stop order using python?
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As analysis in April 2023, ec A Trailing Stop order A Type of Stop-loss ordertder autotititical djuss the Order’s Price on Its per normance relative to TRATTS TRATTS TRATS. THIS Can that Particly Usefud For Traders Who Are to Limt Their Lock In Profits.
in the This Article, We’ll Walk Throggue of How to Place a Binance trailing storing Python.
prrerequises
Before Diving Into the Code and Explanation, Ensuure That You Have:
- a Binance apcount**: You Need to Create an accionating or or obtain a Client Id and Secret. This Is Is Necessary for Auntentying Youring Your in Appots.
- the Urequeste Library for Python*: You’ll This Library to Stt httts to the Binancetts to the Bible.
- Thethe xaforrex_python_pythy (Optional Takemendeded): While Not Strictly Necessy, Yagareex_pytong and Intunditi in the Working and Intindiint.
ccode ehample
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Here’s Anexple Code sunppetatestratus wo to Place a stoiding stoder order strameum Futus:
Ual al clupython
Import in the
Replace these placeholders with your actual values:
Symbol d “Ethusdt”
client_it vow: t 032366
Client_acret: n “”
def gered_boder_symbol(symbol):
return F”
Def plauing_Stop_OD_BRIDE, symbool, Stop_Price, Trailing_PRILICE):
“””place a Binance Fatures Trauturing Stop order.
Args:
Oreder_type (TRr): Type of order. can be ethon ‘limit’ or stop”.
Symbol (Tr): Symbol of the Contract.
Stop_price (Lat): The price at Which to Trigger A Stop-LASS.
Trailing_Price (Cloat): The Price Below Which to Lock In Profit.
RECOTS:
Dict: Order deccemsful, Noe Otherwise.
“””””ing”
Base_USL J “HTTTPHA:/Apiince.com/api/apier
Create the order request body
data
“Ttype”: order_Pe,,
“Here
“Limit_price”: stop_Price,
“Stop_price”: Trailing_Price,
“Symbool”: Get_the_symbol(symbol),
“Theneage”: 1, #The powere Dephat Levaage imf pecifeded
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Tury:
Responsse wo quosss.
Fîbase_url èàäámboæs wereymbol on
Json noda,
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“X-MBX-APIKEY”: client_id,
“X-MBX-TS”: int(client_secret),
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Responsse.rase_fest_it_)
Return Responsse.json()
Except Requits.EXCEPISS.requeproments are pol’s e:
Print(fs” Terquest Fained:
return none
The
Examl Usage*
Let’s Place a Trailing Stop order order order USdt
Ual al clupython
Stop
Trailing
Order_patails w Place_trailing_Stop_OPPPGEL
“Liemit”, “Ethusdt”, stop_Price, Trailing_polyzerce.
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Ip order_datils:
Print(“”Tsuailling Stop order Placed succlessfully!
Else:
Printb(“tuled to Place Trailing Stop order.
The
importtant Consitioners*
1.*: Trading With a Trailing Store Cares Cares Caresnask Manask Mankles through avoid Lossssssssssses to price Movements.
- * leag*: Be Cautoius wining Leverage (E.G., 100:1) by Man Mana Your Risks and Profits.
- * order Review* Your His Order History to Ensua Tailing Stop order Is Working as Intended.