How to Code Algo Orders for Trading Bots: A Beginner's Guide
Are you ready to dive into the world of algorithmic trading and automate your orders on exchanges like FEX, Binance, or Coinbase? This step-by-step guide will walk you through the process of setting up algorithmic orders using the ccxt Python library. By the end of this post, you’ll know how to connect to an exchange, place orders, cancel them, and automate your trading with ease.
1. Install the Required Libraries
Before you start coding, you need to install the ccxt library, which allows you to interact with various cryptocurrency exchanges. You can install it via pip by running:
pip install ccxt
2. Import ccxt and Setup API Keys
To connect to an exchange, you'll need to import ccxt and provide your API keys. Here's how:
Code Setup
import ccxt
Next, you’ll need to connect to your exchange by providing your API key and secret. For security reasons, it's best to store these keys in a separate file that won't be shared publicly.
Secure Your API Keys
You can store your API key and secret in a file named key_file.py: