Telegram Bot for Bybit API Integration

Telegram Bot Integration with Bybit API for Real-Time Trading Insights

In today’s fast-paced trading environment, keeping track of balances, order limits, and open positions is essential for effective portfolio management. By creating a Telegram bot integrated with Bybit’s API, you can monitor these critical trading details directly from your phone. This guide explains how the bot script enables instant access to Bybit account details using simple Telegram commands.

Key Features of the Telegram Bot for Bybit

This bot provides essential trading information through easy commands, eliminating the need to manually check accounts on multiple platforms. Here’s what this bot can do:

– **Check Account Balance**: Quickly retrieve your Bybit balance with a `/balance` command.

– **View Active Limit Orders**: Use `/limits` to display all active limit orders across different symbols.

– **Monitor Open Positions**: Get real-time data on open positions with `/positions`.

How the Telegram Bot Works

The bot operates by connecting to Bybit’s API, leveraging the `pybit` library for secure data requests, and using `telebot` to handle user commands. Here’s a closer look:

**Bot and API Configuration**:

– Set up API keys for Bybit and a Telegram bot token to allow secure communication.

– Configure the bot interface with commands for easy access.

**Command Functions**:

– /balance: Fetches Bybit account balances and displays non-zero balances.

– /limits: Lists active limit orders, showing order details like symbol, price, and quantity.

– /positions: Retrieves and presents current open positions to help traders manage their holdings.

**Continuous Bot Operation**:

– The bot operates non-stop, ensuring users can access their data anytime by starting `bot.polling`.

Setting Up the Bot: Step-by-Step Guide

**Install Required Libraries**:

“`python
pip install pybit
pip install pyTelegramBotAPI
“`

**Replace API and Token Values**: Update the `TOKEN`, `API_KEY`, and `API_SECRET` variables with your specific Telegram bot token and Bybit API credentials.
**Run the Bot**: Start the script, and the bot will begin monitoring your commands, providing a convenient, real-time feed of your Bybit account data through Telegram.

Benefits of Using a Telegram Bot for Trading

This bot not only enhances efficiency by simplifying account monitoring but also provides security, as users can avoid logging into multiple apps. Traders looking for a streamlined, hands-free approach to monitor their Bybit account will find this bot an invaluable tool.