Ethereum: How to place a bracket order on Binance through API?
Submit Binance support orders via API: step by step guide
As an Ethereum investor, he will probably be familiar with profit -making and restriction of potential losses. An effective way to achieve this is to use support orders in combination with OCO (one cancel other) orders in cryptocurrency exchange such as Binance.
In this article, we will guide him / her in the API process, ensuring that it can fulfill the order of the OCO and make a profit at a certain price.
Step 1: Sign up at Binance API
Be sure to sign up for the Binance API account before continuing. This will provide the right credentials to access your API keys and interact with Exchange API.
Step 2: Get your API
keys
Once you sign up for the API account, you must get two API keys:
* Customer ID : This is used to confirm your API inquiries.
* Customer Secret
: This is a secret key that must be confidential to avoid illegal access to your account.
Step 3: Configure Binance Api Customer
To connect to Binance API, you need to configure the customer using the Python-Binance Library. Install the required package:
`Bash
PIP to install python-binance
Create a new Python file (such asbinance_api.py) and add the following code:
Python
Import the operating system
Binance.client Import Client
Create API credentials
client_id = 'your_client_id'
client_secret = 'your_client_secret'
Initiate a Binance customer
Customer = Customer (Customer_ID, Customer_Secret)
Change your_client_id and your_client_secret with a real API keys.
Step 4: Put the support order
You will need to create an OCO order (one cancel the other) to provide support for support for Binance via API. Here is the code:
Python
Def Place_bracket_order (Order_type, Quantity, Price):
Create an OCO request with a condition of benefit
OCO_ORDER = {
"Type": OCO,
'Type1': {'side': 'buy', 'type': 'Lim limit'},
'Type2': {'side': 'Sell', 'type': 'stopoposs'}}
}
Configure Support Order Parameters
Bracket_order = {
“Price”: Price,
"Quantity": Quantity,
Order_type: Order_type,
'OCO_type1': OCO_ORDER ['Type1'],
'OCO_type2': OCO_ORDER ['Type2']
}
Frag OCO order using Binance API
Client.place_order (** bracket_order)
Change Order_type with "Buy",Sell "OStoposss.
Step 5: Take a profit to target price
By placing an OCO order, you can make a profit at a specific price. To do this, you will need to create another support order:
Python
Def Place_profit_order (Bracket_order, Communications_price):
Create a profit order with output condition
benefit_order = {
"Type": 'profit',
'Type1': {'side': 'buy', 'type': 'LIM LIMIT'},
'Type2': {'side': 'Sell', 'type': 'stopoposs'}}
}
Concentrate the Gains order settings
Benefit_order_Parms = {
Price: Profit_Price,
'Quantity': Bracket_order ['Quantity'],
Order_type: Bracket_order ['Order_type']
}
Execute earnings order using Binance API
Client.place_order (** Benefit_order_Parms)
Change the Benefit_Price price for which you want to make a profit.
To put everything together
Here is the full code:
` Python
Import the operating system
Binance.
