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.
Multi-Platform Social Media Creatives Category: Adobe Illustrator, Photoshop, Animation, Banner Design, Content Creation, Graphic Design, Logo Design, Social Media Marketing, Visual Arts Budget: ₹1500 - ₹12500 INR
Golden Lovebirds 3D Model Category: 3D Animation, 3D Art, 3D Design, 3D Graphic Design, 3D Illustration, 3D Layout, 3D Modelling, 3D Rendering, 3D Visualization, Maya Budget: ₹600 - ₹1500 INR
29-Apr-2026 10:02 GMT
Excel Cross-File Data Linking Category: Data Analysis, Data Entry, Data Integration, Data Management, Data Processing, Data Visualization, Excel, Excel Macros, Excel VBA, Visual Basic Budget: €8 - €30 EUR
29-Apr-2026 10:02 GMT
Organisation Conférence Technologie en Ligne Category: 3D Animation, 3D Modelling, Animation, Article Writing, Content Development, Event Management, Visual Design, Zoom Budget: $2 - $8 USD
29-Apr-2026 10:00 GMT
YouTube Automation Sales Closer Category: Conversion Rate Optimization, CRM, Digital Marketing, Email Marketing, Internet Marketing, Lead Generation, Sales, Sales Management, Social Media Marketing, Telemarketing Budget: $250 - $750 USD
29-Apr-2026 10:00 GMT
Professionalize AI-Generated Logo Category: Adobe Illustrator, AI Graphic Design, Graphic Design, Illustration, Inkscape, Logo Design, Photoshop, Vector Design Budget: €30 - €250 EUR
29-Apr-2026 09:59 GMT
Complete Revamp of Ladyhouse.store Category: Graphic Design, HTML, PHP, SEO, UI / User Interface, UX / User Experience, Web Development, Web Design Budget: ₹75000 - ₹150000 INR
29-Apr-2026 09:59 GMT
Website Audit & Redesign Fixes Category: Conversion Rate Optimization, PHP, SEO, Shopify, Web Design, Web Development, Website Audit, WordPress Budget: ₹37500 - ₹75000 INR
29-Apr-2026 09:58 GMT
Nigerian Imitation Jewelry Sales Category: Business Development, Customer Service, Field Sales, Link Building, Sales, Sales Management Budget: ₹600 - ₹1500 INR
29-Apr-2026 09:57 GMT
eCommerce Redesign & Optimization Category: ECommerce, Graphic Design, HTML, PHP, SEO, Web Design, Web Development Budget: ₹75000 - ₹150000 INR
29-Apr-2026 09:57 GMT
Garment Export Lead Generation Category: B2B Marketing, Business Development, Data Entry, Email Marketing, Excel, Lead Generation, Leads, Market Research, Web Search Budget: ₹12500 - ₹37500 INR
29-Apr-2026 09:57 GMT
Film Photography Dropshipping Store Category: CSS, Dropshipping, EBay, ECommerce, HTML, Product Descriptions, Shopify, Web Design Budget: £250 - £750 GBP
29-Apr-2026 09:57 GMT
Hotel Booking App Development Category: Backend Development, Flutter, Graphic Design, Mobile App Development, Node.js, PHP, React Native, Web Design Budget: ₹37500 - ₹75000 INR
