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Ethereum: Python Binance Futures Take Profit and Stop Loss Order API Error 2021

As a margin trader using futures accounts for leverage, it’s not uncommon to encounter errors when integrating with external APIs. One such error that can be frustrating is the APIError returned by Binance Futures, which occurred in 2021.

The Issue: APIError(14) – Invalid argument

When an error occurs, it often provides valuable information about what went wrong. In this case, the error message APIError(14) - Invalid argument indicates that a problem was encountered while making a request to Binance Futures’ take profit and stop loss order APIs.

The Error: Why Did It Happen?

While we can’t know for certain without debugging the code, I’ll provide some insights based on common issues related to API errors:

• Invalid or malformed input: The error message suggests that an invalid or poorly formatted request was made to the API.

• Missing required parameters

  

  : Ensure that all required parameters are present in the request.

• Incorrect or excessive requests: Be mindful of the number and volume of requests you’re making to avoid hitting rate limits.

How to Fix the Error

To resolve this issue, let’s focus on debugging your code:

• Check API documentation: Verify that you’re using the correct endpoint, parameters, and syntax for your specific use case.

• Validate input data: Double-check that all required fields are present, formatted correctly, and meet API requirements.

• Monitor requests: Keep a record of incoming requests to help identify potential issues.

Updated Code: Take Profit and Stop Loss Order with Binance Futures

To illustrate how you can handle this error, I’ll provide an updated example using Python:

import requests







Set API credentials (replace with your own)

API_KEY = "YOUR_API_KEY"

API_SECRET = "YOUR_API_SECRET"



Define the endpoint URL

ENDPOINT_URL = "



Parameters for take profit and stop loss orders

params = {

    "symbol": "ETHUSDT",  
Choose your asset pair

    "side": "SELL",      
Buy or sell

    "type": "LIMIT_BUTTER",  
Take profit and stop loss order

    "timeInForce": "GTC"  
Good till cancelled

}



Set up the API request parameters

headers = {"API-Key": API_KEY, "API-Secret": API_SECRET}

data = params.copy()



Make the API request

try:

    response = requests.post(ENDPOINT_URL, headers=headers, data=data)

    response.raise_for_status()  
Raise an exception for HTTP errors


except requests.exceptions.APIError as e:

    print(f"APIError(14) - {e.text}")

Additional Tips

To avoid similar issues in the future:

• Regularly review and update your knowledge base to stay current with API changes.

• Use tools like requests or BeautifulSoup to inspect request parameters and headers.

• Consider implementing error handling mechanisms to catch and log errors.

By following these steps, you should be able to resolve the APIError 2021 issue and continue using Binance Futures for take profit and stop loss orders on your Ethereum futures account.

Please let me know if there’s anything else I can help with!

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