I am looking for help with creating a simple Python strategy to be used for crypto trading on Binance.
The script is basically a simple trade management and hedging script that will allow me to open and manage multiple orders in hedge mode.
The key input variables to be specified by the user are:
Trading Symbol
Upper Limit Price
Lower Limit Price
Take Profit (In Percentage)
Stop Loss (In Percentage)
Initial Trade: Long or Short
Hedge Multiplier
If the user specifies Initial Trade = Long, the trading engine will seek to open BUY STOP orders at the Upper Limit Price and undertake SELL STOP orders at the Lower Limit Price (as a hedge)
Let’s assume that the current market price is $100. The user specifies Initial Trade = Long and sets the Upper Limit Price to $105 and the Lower Limit Price to $95.
Once the price reaches $105, the trading engine executes a BUY STOP order, in the process initiating a long position. If the market moves to take profit, the long position is closed.
If however, the price moves down to $95, the trading engine opens a SELL STOP order as a hedge. The quantity of this order is the initial quantity X hedge multiplier. If the initial order was 100 units and the hedge multiplier was 1.2, the size of the hedge (in the form of a SELL STOP) would be 120 units.
Note that both the BUY STOP order and the SELL STOP hedge have the same Take Profit and Stop Loss values attached.
If the price moves down further, the profit target for the SELL STOP hedge and the stop loss for the BUY STOP initial position will be engaged.
If however, the market reverses again and the price travels from $95 to $105 (thus hitting the upper limit price), another BUY STOP order (with the same Take Profit and Stop Loss) is opened. The quantity associated with this order is the initial quantity X hedge multiplier X hedge multiplier = 100 X 1.2 X 1.2. There are now three orders open (2 longs and 1 short)
The process continues until the profit target for one of the orders is engaged.
Once this occurs, all orders and positions associated with the Symbol are closed.
Note: If initial position = short, the trading engine starts with a SELL STOP order at the lower limit price.
Note: the engine should also allow me to restrict the number of hedges before all positions linked to the symbol are closed. For example, there could be a field to allow for max number of hedges to be opened.
Please refer to this Youtube video for the basic concept - https://www.youtube.com/watch?v=35AUnKHtHwE&t=1s . Another name for this strategy is the Zone Recovery Martingale.
The Youtube video uses a hedge multiplier of X2 but in my case, I would like it to be variable. I would also like for this to be used in crypto.
Website Redesign Category: Analytics, Digital Marketing, Google Ads, Internet Marketing, Keyword Research, Link Building, Marketing, Marketing Strategy, SEO, Website Optimization Budget: $250 - $750 USD
28-Jan-2026 17:02 GMT
Shopify Google Visibility Boost Category: Content Strategy, Digital Marketing, Link Building, SEO, Website Optimization Budget: $30 - $250 USD
28-Jan-2026 17:01 GMT
Android Play-to-Earn App Category: Analytics, Android App Development, Documentation, Flutter, Game Design, Game Development, Graphic Design, Mobile App Development, UI / User Interface, UX / User Experience Budget: ₹12500 - ₹37500 INR
Indian Social Media Engagement Tasks Category: Content Creation, Digital Marketing, Facebook Marketing, Instagram Marketing, Social Media Management, Social Media Marketing, Social Networking, Twitter Budget: ₹100 - ₹400 INR
28-Jan-2026 16:58 GMT
Erase Public Records Online Category: Data Governance, Data Management, Data Protection, Digital Forensics, Legal Consultation, Legal Research, SEO, Web Scraping Budget: €30 - €250 EUR
28-Jan-2026 16:58 GMT
Minimalist 2D/3D House Design Category: 2D Drafting, 2D Drawing, 3D Animation, 3D Architecture, 3D Design, 3D Modelling, 3D Rendering, AutoCAD Budget: ₹1500 - ₹12500 INR
UX/UI Focused Ecommerce Site Overhaul Category: Conversion Rate Optimization, Figma, Graphic Design, UI / User Interface, User Interface / IA, UX / User Experience, Web Design, Wireframes Budget: €250 - €750 EUR
28-Jan-2026 16:56 GMT
Gothic Running Club Apparel Designs Category: Adobe Illustrator, Fashion Design, Graphic Design, Illustration, Logo Design, Print Design, T Shirts, Vector Design Budget: £50 - £400 GBP
28-Jan-2026 16:55 GMT
Fix Ad-Load Error in Node.js App - Android side only Category: Android, App Store Optimization, Backend Development, Debugging, IPhone, Mobile App Development, Node.js, React Native, REST API Budget: $30 - $250 USD
28-Jan-2026 16:55 GMT
Quick STL-to-3DM Conversion Category: 3D CAD, 3D Design, 3D Modelling, 3D Printing, 3D Rendering, Blender, CAD / CAM, Solidworks Budget: $10 - $30 USD
28-Jan-2026 16:53 GMT
Content writing for attracting or creating topics -- 2 Category: Article Writing, Blog Writing, Content Marketing, Content Strategy, Content Writing, Creative Writing, Digital Marketing, Microsoft Word, Research Budget: ₹750 - ₹1250 INR
28-Jan-2026 16:51 GMT
Soporte Web El Jardín Secreto Category: Elementor, Graphic Design, SEO, UI / User Interface, UX / User Experience, Web Design, Web Development, Website Management, Website Optimization, WordPress Budget: €8 - €30 EUR
