Python Programming Tutorials, Guides & Best Practices

You can set a stop-loss order when opening a position or on an existing position:

   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