Automated Trading Development Tutorials, Guides & Insights

   def place_stop_loss(symbol, side, qty, stop_price):
       response = session.place_active_order(
           symbol=symbol,
           side=side,
           order_type='Market',
           qty=qty,
           stop_loss=stop_price,
           time_in_force='GoodTillCancel'
       )
       if response['ret_code'] == 0:
           print(f"Stop-loss set at {stop_price} for {symbol}")
       else:
           print(f"Error setting stop-loss: {response['ret_msg']}")
       return response

   place_stop_loss('BTCUSD', 'Buy', 0.01, 29000)  # Buy 0.01 BTC with stop-loss at $29,000

This function places a stop-loss order at $29,000 for a buy order of 0.01 BTC.

   def place_limit_order(symbol, side, qty, price):
       response = session.place_active_order(
           symbol=symbol,
           side=side,
           order_type='Limit',
           qty=qty,
           price=price,
           time_in_force='GoodTillCancel'
       )
       return response

   order_response = place_limit_order('BTCUSD', 'Buy', 0.01, 30000)
   print("Order Response:", order_response)

This function uses the place_active_order method to place a limit order. The order will remain active until it is canceled or fulfilled.

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