1001 Freelance Projects
Latest Projects from Freelance Marketplaces
Today is: 02-Jul-2025 00:36 GMT
View Project
View this project in detail (Note: you will be redirected to external marketplace)
Project title: Python Trading Strategy To Be Used With Binance
Posted by: External project from PeoplePerHour
Started: 24-Jan-2025 11:52 GMT
Description: 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.
Project ID: 3418645
Project category:
Project budget:
View this project in detail (Note: you will be redirected to external marketplace)
Last Projects / Browse Projects
  Project Started
Social Media Strategist for Podcast Growth - Quality Sample Required
Category: Facebook Marketing, Google Plus, Pinterest, Social Media Marketing, Twitter
Budget: £125 - £250 GBP
01-Jul-2025
22:15 GMT
Build a Simple One-Page Website
Category: Graphic Design, HTML, PHP, Web Design, WordPress
Budget: $25 - $50 AUD
01-Jul-2025
22:03 GMT
Pagina web para mostrar decoraciones
Category: Graphic Design, HTML, PHP, Web Design, WordPress
Budget: $30 - $250 USD
01-Jul-2025
22:03 GMT
Document and communication-Centric Project Management Tool
Category: AI Chatbot, AI Development, C#, Programming, JavaScript, Microsoft Azure, Mobile App Development, PHP, Project Management
Budget: $750 - $1500 USD
01-Jul-2025
22:02 GMT
Copyedit 11k-word Org Studies Article
Category: Article Rewriting, Article Writing, Editing, Proofreading, Research Writing
Budget: €30 - €250 EUR
01-Jul-2025
22:02 GMT
app devloper andriod in javal
Category: Android, IPhone, Java, Mobile App Development, Software Architecture
Budget: ₹1500 - ₹12500 INR
01-Jul-2025
22:02 GMT
CS2 MARKETPLACE
Category: Graphic Design, MySQL, PHP, Web Design
Budget: $250 - $750 USD
01-Jul-2025
22:01 GMT
Classical Musician for Surprise Engagement in St. Tropez
Category: Audio Production, Audio Services, Music, Sound Design, Voice Talent
Budget: $250 - $750 USD
01-Jul-2025
21:59 GMT
Modern Minimalist UI/UX Design -- 2
Category: Graphic Design, Logo Design, User Interface / IA, UX / User Experience, Web Design
Budget: $25 - $50 USD
01-Jul-2025
21:57 GMT
Menjual berbagai macam sepatu PDL TNI MILITARY
Category: Internet Marketing, Mobile App Development
Budget: $1500 - $3000 USD
01-Jul-2025
21:56 GMT
El conejo y la empatia
Category: AI Image To Text, Book Design, Content Writing, Copywriting, Creative Writing
Budget: $30 - $250 USD
01-Jul-2025
21:56 GMT
School Project Robot Coding
Category: Arduino, C, Programming, C++, Python, Software Architecture
Budget: $25 - $50 AUD
01-Jul-2025
21:56 GMT
B&Bs Onboarding & Data Entry & B&B/Guesthouse website support
Category: Customer Service, Customer Support, Data Entry, Data Management, Data Processing, Excel, Lead Generation, Sales
Budget: $2 - $8 USD
01-Jul-2025
21:55 GMT
eBay Dropshipping Expert Needed (UK Private Seller Account)
Category: Dropshipping, EBay, Internet Marketing, Marketing, Product Research, Sales
Budget: $8 - $15 USD
01-Jul-2025
21:49 GMT
DEVLOP A APP JAVA
Category: Android, IPhone, Java, Mobile App Development, Software Architecture
Budget: ₹1500 - ₹12500 INR
01-Jul-2025
21:48 GMT
Browse All Projects
Projects by Skills ...
Projects for 'android'
Projects for 'ajax'
Projects for 'asp'
Projects for 'aspnet'
Projects for 'cms'
Projects for 'cpp'
Projects for 'csharp'
Projects for 'css'
Projects for 'delphi'
Projects for 'design'
Projects for 'drupal'
Projects for 'excel'
Projects for 'facebook'
Projects for 'flash'
Projects for 'html'
Projects for 'java'
Projects for 'javascript'
Projects for 'joomla'
Projects for 'iphone'
Projects for 'mysql'
Projects for 'photoshop'
Projects for 'php'
Projects for 'python'
Projects for 'ruby'
Projects for 'seo'
Projects for 'sql'
Projects for 'sysadm'
Projects for 'translate'
Projects for 'typing'
Projects for 'twitter'
Projects for 'vbnet'
Projects for 'xml'
Projects for 'wordpress'
Projects for 'writing'
Read RSS feeds ... New!
RSS feed for 'android'
RSS feed for 'ajax'
RSS feed for 'asp'
RSS feed for 'aspnet'
RSS feed for 'cms'
RSS feed for 'cpp'
RSS feed for 'csharp'
RSS feed for 'css'
RSS feed for 'delphi'
RSS feed for 'design'
RSS feed for 'drupal'
RSS feed for 'excel'
RSS feed for 'facebook'
RSS feed for 'flash'
RSS feed for 'html'
RSS feed for 'java'
RSS feed for 'javascript'
RSS feed for 'joomla'
RSS feed for 'iphone'
RSS feed for 'mysql'
RSS feed for 'photoshop'
RSS feed for 'php'
RSS feed for 'python'
RSS feed for 'ruby'
RSS feed for 'seo'
RSS feed for 'sql'
RSS feed for 'sysadm'
RSS feed for 'translate'
RSS feed for 'typing'
RSS feed for 'twitter'
RSS feed for 'vbnet'
RSS feed for 'xml'
RSS feed for 'wordpress'
RSS feed for 'writing'
New!
Проекты на русском
(Projects in Russian)

Short URL:
1001fp.com
Mobile version:
m.1001freelanceprojects.com
Copyright © 2005-2024 1001 Freelance Projects