Futures position with stop loss and take profit at the same time not cancelling the other order

[NivEz]

Hey, I am using the futures api. Is it possible to open a long / short position with take profit and stop loss orders in a way that if it reaches the stopPrice the other order will be cancelled? For example: Open long position on ADAUSDT while it's price is 1.4. binance.futuresMarketBuy('ADAUSDT', 5).then(res => {console.log(res)})

Open stop loss order on 1.3 price. binance.futuresSell('ADAUSDT', 5, false, {type: 'STOP_MARKET', stopPrice: 1.3}).then(res => {console.log(res)})

Open take profit order on 1.5 price. binance.futuresSell('ADAUSDT', 5, false, {type: 'TAKE_PROFIT', stopPrice: 1.5}).then(res => {console.log(res)})

If it reaches 1.3 it will sell my position, but it won't cancel the take profit order which will ruine my next bot executions. How can I make it to cancel the take profit order? Thanks

[ordimans]

Hum it's good question. I have the same problem with open order (LIMIT). And i found two solutions here :

futuresCountdownCancelAll or cancelOrder manually with a cron (or anything else), to cancel old order. In my case it's open order so i don't think i can set a expiration time. But about you, i don't know. I know SL is cancelled if TP is reache. But why reverse doesn't work. IT seems same by desktop app, you can try it.

So it's probably a OCO order you need but it's not possible in futures.

[NivEz]

Hum it's good question. I have the same problem with open order (LIMIT). And i found two solutions here :

futuresCountdownCancelAll or cancelOrder manually with a cron (or anything else), to cancel old order. In my case it's open order so i don't think i can set a expiration time. But about you, i don't know. I know SL is cancelled if TP is reache. But why reverse doesn't work. IT seems same by desktop app, you can try it.

So it's probably a OCO order you need but it's not possible in futures.

is futuresCountdownCancelAll an option in the futures API or I need to implement it on my own? And yes probably the way to achieve similar behavior of OCO is cron job or a "watcher" to listen to changes via socket.

[ordimans]

YEs it's in the futures API (i mean this API), just call binance. let res = await binance.futuresCountdownCancelAll(pair,delayMs)

It work for me , i did a test.

And so after i place this on some order to have a expiration date. And i have another method to cancel all order.

I called :

let orderToCancel = []
 let order = await binance.futuresOpenOrders()
  for (const element of order) {
   if(orderExpiredMin(element.time,60*4)) orderToCancel.push(element)
}

for (const order of orderToCancel) {
                let tmp = String(order.orderId)
                let res = await binance.futuresCancel(order.symbol, {orderId:order.orderId})
                pino.info(`Order cancelled ${order.orderId} / ${order.clientOrderId}`)
}

   

You can add a call to get Positions and check if you have still position, to don't cancel TP or SL. And use SIDE and POSITION_SIDE on order to distinct OPEN and TP.

Voila !