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Create Order Position With Takeprofit Stoploss

wiki/examples/ts/create-order-position-with-takeprofit-stoploss.md

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Original Source
javascript
// @ts-nocheck
import ccxt from '../../js/ccxt.js';

// AUTO-TRANSPILE //

console.log ('CCXT Version:', ccxt.version);

// ------------------------------------------------------------------------------

async function example () {
   // at this moment, only OKX support embedded stop-loss & take-profit orders in unified manner. other exchanges are being added actively and will be available soon.
   const exchange = new ccxt.okx ({
       "apiKey": "YOUR_API_KEY",
       "secret": "YOUR_API_SECRET",
       "password": "YOUR_API_PASSWORD", // if exchange does not require password, comment out this line
   });

   const symbol = 'DOGE/USDT:USDT';
   const side = 'buy'; // 'buy' | 'sell'
   const order_type = 'limit'; // 'market' | 'limit'
   const amount = 1; // how many contracts (see `market(symbol).contractSize` to find out coin portion per one contract)

   await exchange.loadMarkets ();
   const market = exchange.market (symbol);

   const ticker = await exchange.fetchTicker (symbol);

   const last_price = ticker['last'];
   const ask_price = ticker['ask'];
   const bid_price = ticker['bid'];

   // if order_type is 'market', then price is not needed
   let price = undefined;
   // if order_type is 'limit', then set a price at your desired level
   if (order_type === 'limit') {
       price = (side === 'buy') ? bid_price * 0.95 : ask_price * 1.05; // i.e. 5% from current price
   }

   // set trigger price for stop-loss/take-profit to 2% from current price
   // (note, across different exchanges "trigger" price can be also mentioned with different synonyms, like "activation price", "stop price", "conditional price", etc. )
   const stop_loss_trigger_price = (order_type === 'market' ? last_price : price) * (side === 'buy' ? 0.98 : 1.02);
   const take_profit_trigger_price = (order_type === 'market' ? last_price : price) * (side === 'buy' ? 1.02 : 0.98);

   // when symbol's price reaches your predefined "trigger price", stop-loss order would be activated as a "market order". but if you want it to be activated as a "limit order", then set a 'price' parameter for it
   const params = {
       'stopLoss': {
           'triggerPrice': stop_loss_trigger_price,
           // set a 'price' to act as limit order, otherwise remove it for a market order
           'price': stop_loss_trigger_price * 0.98,
       },
       'takeProfit': {
           'triggerPrice': take_profit_trigger_price,
           // set a 'price' to act as limit order, otherwise remove it for a market order
           'price': take_profit_trigger_price * 0.98,
       },
       // note that some exchanges might require some exchange specific parameter when opening a position, i.e.:
       // 'posSide': 'long',  // for phemex hedge-mode api
   };

   const position_amount = market['contractSize'] * amount;
   const position_value = position_amount * last_price;
   // log
   console.log ('Going to open a position', 'for', amount, 'contracts worth', position_amount, market['base'], '~', position_value, market['settle'], 'using', side, order_type, 'order (', (order_type === 'limit' ? exchange.priceToPrecision (symbol, price) : ''), '), using the following params:');
   console.log (params);
   console.log ('-----------------------------------------------------------------------');

   // exchange.verbose = True  // uncomment for debugging purposes if necessary

   try {
       const created_order = await exchange.createOrder (symbol, order_type, side, amount, price, params);
       console.log ("Created an order", created_order);

       // Fetch all your open orders for this symbol
       // - use 'fetchOpenOrders' or 'fetchOrders' and filter with 'open' status
       // - note, that some exchanges might return one order object with embedded stoploss/takeprofit fields, while other exchanges might have separate stoploss/takeprofit order objects
       const all_open_orders = await exchange.fetchOpenOrders (symbol);
       console.log ("Fetched all your orders for this symbol", all_open_orders);

       // To cancel a limit order, use "exchange.cancel_order(created_order['id'], symbol)""
   } catch (e) {
       console.log (e.toString ());
   }
}


await example ();

// NOTES:
// - Sometimes you might experience, when their stop-loss/take-profit order might not become activated, even though on chart the price had crossed that "trigger-price"       order was not executed . That happens because some exchange might be using mark-price (instead of last-price) as a reference-price, so that mark-price might reach your trigger-price and it would activate your SL/TP order (even though on your symbol's chart you are viewing the "last-price" by default, which could have different movements than the mark-price).