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:

Open a text editor (Notepad, VS Code, or PyCharm).
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)

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!