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.
AI Job Portal & CV Builder Category: AI Chatbot Development, AI Development, AI Model Development, Django, Graphic Design, PHP, Python, Web Development Budget: $30 - $250 USD
14-Dec-2025 04:59 GMT
PRIVATE STREAMING, MONETIZATION AND PREMIUM INTERACTION PLATFORM Category: API Development, Database Management, GitHub, Laravel, Payment Processing, Security, Software Development, Software Testing, Technical Documentation, Web Development Budget: $750 - $1500 USD
14-Dec-2025 04:58 GMT
Thoroughbred Racing Data Extractor -- 2 Category: API, Automation, Data Analysis, Data Entry, Data Extraction, Excel, Scripting, Visual Basic, Web Scraping Budget: $50 - $100 NZD
Public Health Research Paper Assistance Category: Academic Writing, Data Analysis, Editing, Health Care Management, Proofreading, Public Health, Research, Research Writing, Scientific Writing, Statistical Analysis Budget: $10 - $30 USD
14-Dec-2025 04:54 GMT
Launch My 1-to-1 Training Business Category: Automation, Digital Marketing, HTML, PayPal API, PHP, Sales, Web Development, Web Design Budget: $15 - $25 USD
14-Dec-2025 04:53 GMT
E-Commerce Website Development Category: ECommerce, Magento, PHP, Shopify, Web Development, Web Design, WooCommerce, WordPress Budget: ₹37500 - ₹75000 INR
14-Dec-2025 04:53 GMT
Social Media Manager & Real Estate Seller Leads Campaign Category: A / B Testing, Content Marketing, Facebook Marketing, Instagram Marketing, Internet Marketing, Social Media Management, Social Media Marketing, Twitter Budget: $2 - $8 AUD
Kickstart Social Media Video Presence Category: Adobe Premiere Pro, Animation, CapCut, Content Creation, Social Media Marketing, Video Editing, Video Production, Video Services Budget: ₹12500 - ₹37500 INR
