Ethereum: Using Binance Futures Traffic Stop Order with Python**

Ass off my loading in April 2023, Ethereum Furture Trading I have introducted a feature that allows allows users to place trailing stop orders. A trailing stop order is type of stop-loss that will be automatic advertising the orders the orders. This can be particularly useful is unfortunate to have a traders who of the or lock in profiles.

In this article, we’ll walk to place to place the Binance future trailing stop order wesing Python.

Prerequisites

Before diving into the code and expplanation, ensuring that you have:

• A Binance API account: You will be accounted by Binance and Octate a Client ID and Secret. This is necessary for authenticating your API proposals.

• The requests library for Python: You’ll use this library to send HTTP requests to them Binance API.

• The forex_python library (optional bouts of recommended): While not strictly necessary, forex_python provids a sim imple and intuitive way of worship data, including in APIs.

Code Example

Here’s an example code to snippet that demonstrates how to place the trailing stop order on the Ethereum futures:

`python

import proposals

Repace these Place Holders with your Actual currency:

symbol = " "THUSDT"

Ethereum USDT (e.g., ETH/USDT)

client_id: int = 0x123456788

client_secret: str = ""

def get_order_symbol(symbol):

return f"{symbol}_USD"

def place_trailing_stop_order(order_type, symbol, stop_loss_price, trailer_stop_price):

"""" Place a Binance futures trailing stop order.

Args:

order_type (str): Type of order. Can be either 'limit' or 'stop'.

symbol (str): Symbol off the contract.

stop_loss_price (float): There's a which to trigger a stop-loss sale.

trail_stop_price (float): The prize below to lock in profile.

Returns:

dict: Order Details if Succcessful, None otherwise.

"""

base_url = "

Create the Order Request Body

data = {

"type": order_type,

"side": "buy",

Or cell

"limit_price": stop_loss_price,

"stop_price": trailer_stop_price,

"symbol": get_order_symbol(symbol),

"leverage": 1,

default leverage if not speci

}

try:

response = requests.post(

f"{base_url}?symbol={symbol}&type=order",

json=data,

headers={

"X-MBX-APIKEY": client_id,

"X-MBX-TS": int(client_secret),

},

)

response.raise_for_status()

Raisa an expertion for HTTP equity

return response.json()

except requests.exceptions.RequestException as e:

print(f" Request Failed: {e}")

return None

Example Usage


Let's place a trailing stop orders Ethereum USDT (ETH/USDT):


`python

stop_loss_price = 10000.0 
$10,000 stop-loss print

trailer_stop_price = 2000.0 
$2,000 Profit lock-in print


order_details = place_trailing_stop_order(

    "limit", "ETHUSDT", stop_loss_price, trailer_stop_price

)

if order_details:

    print("Trailing stop order placed successful!")

else:

    print("Failed to place the trailing stop order.")

Important Considerations

• Risk Management: Trading with a trailer stop order requires risk of management to beloved in loose-price movements.

• Leverage: Bee cautious when using leverage (e.g., 100:1) to manage your risk and profiles.

• Order History*: Regularly Review of your Order History to Ensure that the trailing stop order is intended.