Automated Trading Development Tutorials, Guides & Insights

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

Webhooks can be used to receive real-time notifications about specific events, such as order executions. Although Pybit doesn't directly manage webhooks, you can easily integrate webhooks into your Python application using Flask or Django.

The following function places a limit order to buy 0.01 BTC at $30,000:

   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)

• Added a check to ensure amount > 0 before attempting to close a position.

• Converted positionAmt to a float for better precision.