Binance Futures Trading FAQs

Question 1

Does this support Hedge Mode or One-Way Mode?

Accepted Answer

This skill is specifically designed for Hedge Mode. You must specify the positionSide (LONG or SHORT) when opening or closing positions to ensure correct execution.

Question 2

What is the difference between binance_get_open_orders and binance_get_open_algo_orders?

Accepted Answer

Regular orders like Limit orders are queried via the standard orders tool, while Stop-Loss and Take-Profit orders (Algo orders) use a separate Binance API and must be queried or canceled using the specific Algo tools.

Question 3

Can I use the Binance Testnet for strategy testing?

Accepted Answer

Absolutely. You can enable the Testnet by setting the BINANCE_USE_TESTNET environment variable to true, allowing you to test your logic without risking real assets.

Question 4

Does this skill support real money trading?

Accepted Answer

Yes, but it defaults to a simulation mode (TRADING_SIMULATION=true) to prevent accidental orders. To trade live, you must update your environment variables and pass a specific confirmation parameter.

Question 5

How are API keys managed for security?

Accepted Answer

The skill uses environment variables (BINANCE_API_KEY and BINANCE_API_SECRET). It is strictly recommended never to hard-code these keys in your source code or documentation.

Binance Futures Trading

Key Features

Use Cases

Binance Futures Trading

Key Features

Use Cases