Closing of a position on the term contracts on the binance with CCXT

Introduction

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As a user of the popular cryptocurrency exchange binance, the management of your positions is crucial to optimize your trading strategy. In this article, we will show you how to close a position on future binance using the CCXT library in Python.

Prerequisite

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• You have installed the required libraries:

+ CCXT (currencies and exchanges)

+ “Binance” to recover exchange information

• Make sure you have created an account with Binance and you have obtained your API keys

Implementation of the code

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`Python

Import ccxt

Define the API keys and other necessary parameters

API_KEY = 'Your_binance_api_key'

Api_secret = 'Your_binance_api_secret'

Exchange_name = 'Binance'

Def fetch_position ():

"" Answer the current balance. " ""

Exchange = CCXT.Binance ()

Answer = Exchange.fetch_balance () ['Info']

Return response ["positions"]

Def close_position (position):

"" "Close a position on the future of Binance." ""

position_id = position ['id']

Exchange = CCXT.Binance ()

Result = Exchange.close_position ({

'position_id': position_id,

"Type": "Close",

"Side": "market"

})

Return result

Recover the current balance

position = fetch_position ()

Close a position using CCXT

pos = [p for p in position if p ['symbol'] == Exchange_name and p.get ('status') == 'open']

If pos:

Close_position (POS [0])

'

Explanation

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• The first functionfetch_position ()recovers the current balance of your account using the libraryccxt.binance ().

• The second functionclose_position ()takes an object of input position and the farm using the libraryccxt.binance (). You can access position details using the "position" variable, which contains information on the open or closed position.

Note

: Make sure you replaceyour_binance_api_key’ ‘by your real API key to Binance, and’ ‘your_binance_api_secret” by your secret api key (not used in this example). Also make sure you use a recent version of the CCXT` library.

Example of use cases

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• Fence of an open position to lock the profits

• Closing a closed position to open a new one on another asset

• Reopening of a closed position after a market correction

By following this article, you should be able to close the positions on future binance using the CCXT library in Python. Do not forget to keep your keys API secure and update them accordingly.