Introduction

Managing cryptocurrency trading positions efficiently can be a daunting task. This blog explains how a Binance futures tracker, integrated with a Telegram bot, simplifies tracking your trading positions in real-time.

What is the Binance Futures Telegram Bot?

This Python-based system connects Binance’s futures trading API with a Telegram bot, offering real-time updates on your open positions. Key functionalities include:

• Fetching live account information from Binance.
• Displaying open trading positions with details like symbol, position amount, and unrealized profit.
• Sending updates directly to your Telegram account for easy access.

How Does It Work?

The bot leverages Binance’s Python SDK and Telegram’s pyTelegramBotAPI library to seamlessly fetch and relay information. Here’s an overview:

1. Initialization: The script initializes a Binance client using API credentials and connects a Telegram bot with its token.
2. Message Handling: Whenever a user sends a message to the bot, it retrieves open trading positions from Binance’s API.
3. Data Filtering: Only active positions with non-zero initial margins and amounts are shown.
4. Real-Time Notifications: The bot sends detailed messages about each position directly to the user via Telegram.

This process ensures that traders can monitor their positions without logging into Binance repeatedly.

Required Setup

To replicate this bot, you’ll need:

1. API Keys:
   • Binance API Key and Secret Key.
   • Telegram Bot Token (obtainable from BotFather).
2. Dependencies: Install the required libraries using pip:

• pip install pyTelegramBotAPI python-binance

• Code Configuration: Replace placeholder values like YOUR_API_KEY, YOUR_SECRET_KEY, and YOUR_BOT_TOKEN with your actual credentials in the script.