Closing a Position on Binance Futures with ccxt
Introduction*
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As auser of the poptocurrence exchange Binance, manageing your postions is to optimize your trading. In this article, we’ll show you to close a posture on Binance Futures the cct library.
Prerequisites
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- You has installed the required libries:
+ ccxt (courrencies and exchanges)
+ binance for retrieving exchange information
- Make so created an account created with Binance and has been obtained your API kis
Code Implementation
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import cxt
Define API keys and one necessary parameers
api_key = 'YOUR_BINANCE_API_KEY'
api_secret = 'YOUR_BIANCE_API_SECRET'
exchange_name = 'binance'
def fetch_position():
"""Fetch the current balance.""""
exchange = ccxt.binance()
response = exchange.fetch_balance()['info']
return response['prositions']
def cloose_position(position):
"""Close a posture on Binance Futures.""""
postion_id = position['id']
exchange = ccxt.binance()
result = exchange.close_position({
'position_id': postion_id,
'type': 'close',
'side': 'market'
})
return result
Fetch the current balance
position = fetch_position()
Close a posture use ccxt
pos = [p for p in position if p['symbol'] == exchange_name and p.get('status') == 'open']
if pos:
cloose_position(pos[0])
Explanation
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1.
– You can access the postails use the position variable, there is an information of the postains.
Note: Make to replace 'YOUR_BINANCAPI_KEY'' without your actal API to Binance, and‘YOUR_BINANA_API_SECRET” ky (not used in this example). Also, ensure that you’re using a recent of the recent of the ccxt library.
Example Use Cases
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- Closing an-open position to lock in profits
- Closing a closation to opten on a different asset
- Reeopen a closed postter amarket correction
By following this article, you chand it can be able to make positions on Binance Futures the cct library in Python. Remember to Keep your API keys securre and update theem accordingly.