How to Create a Signal Using the algomojo-webhook-signal Python Library

🚀 Automate your trading strategies with Algomojo! In this blog, we’ll walk you through how to create and send a signal using the algomojo-webhook-signal Python library. This allows traders to automate buy and sell signals with real-time execution.

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✅ Step 1: Install the Library

Before creating a signal, ensure you have installed the library. If you haven’t done so, install it using:

pip install algomojo-webhook-signal

This will download and install the package, making it ready to use.

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✅ Step 2: Import the Library and Set Up Your Signal

Now, open a Python script or terminal and import the required function:

from algomojo_webhook_signal import place_strategy_signal
from datetime import datetime

• place_strategy_signal is the function we’ll use to send the trading signal.
• datetime will be used to generate the current date and time for execution.

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✅ Step 3: Define Signal Parameters

We need to define:

• Webhook URL – The Algomojo webhook endpoint for signal execution.
• Date & Time – Set to the current timestamp.
• Action – Either BUY or SELL.

# Replace with your actual Algomojo webhook URL
webhook_url = "<YOUR_WEBHOOK_URL>"

# Get the current date and time in YYYY-MM-DD HH:MM:SS format
date = datetime.now().strftime("%Y-%m-%d %H:%M:%S")

# Define the action ('BUY' or 'SELL')
action = "BUY"  # Change to "SELL" for a sell signal

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✅ Step 4: Send the Signal

Call the function to send the signal to Algomojo:

# Place the strategy signal
response = place_strategy_signal(webhook_url, date, action)

# Print the response
print(response)

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✅ Step 5: Create a Python Script (send_signal.py)

To make it easier to execute signals, create a script file:

1️⃣ Open a text editor (Notepad, VS Code, or PyCharm).
2️⃣ Copy and paste the following code into a new file:

from algomojo_webhook_signal import place_strategy_signal
from datetime import datetime

# Replace with your actual Algomojo webhook URL
webhook_url = "<YOUR_WEBHOOK_URL>"

# Get the current date and time in YYYY-MM-DD HH:MM:SS format
date = datetime.now().strftime("%Y-%m-%d %H:%M:%S")

# Define the action ('BUY' or 'SELL')
action = "BUY"  # Change to "SELL" for a sell signal

# Place the strategy signal
response = place_strategy_signal(webhook_url, date, action)

# Print the response
print(response)

3️⃣ Save the file as send_signal.py in your preferred directory.

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✅ Step 6: Execute the Script

To run the script, open a command prompt (CMD) or terminal, navigate to the directory where you saved send_signal.py, and execute:

python send_signal.py

If successful, you should see a response like:

Signal placed successfully: { "status": "success", "data": { "signal_ids": [12345] } }

If there’s an issue, you might see:

Error placing signal: Strategy Code does not exist/inactive

🔹 Fix: Ensure the webhook URL is correct and your strategy is active.

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🎯 Final Thoughts

✅ Automating signals has never been easier with the algomojo-webhook-signal library!
✅ This method allows traders to execute real-time strategies with just a few lines of code.
✅ Use it for live market trades, backtesting, or paper trading on Algomojo.

🚀 Start automating your trading signals today! Let us know if you have any questions. Happy trading! 🎯