1001 Freelance Projects
Latest Projects from
Freelance Marketplaces
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
Vertical to Horizontal Video Conversion
Category: After Effects, Video Broadcasting, Video Editing, Video Post Editing, Video Processing, Video Production, Video Services, Video Upload, YouTube, YouTube Video Editing
Budget: $30 - $250 USD
25 Jan 2026 23:02 GMT
Appli Réseaux Sociaux Photos/Vidéos - 25/01/2026 17:45 EST
Category: Android, Flutter, HTML5, IOS Development, React Native, User Interface / IA
Budget: $15 - $25 USD
25 Jan 2026 23:01 GMT
Swahili-English Document Translation -- 2
Category: Editing, English (UK) Translator, English (US) Translator, English Translation, Language Tutoring, Proofreading, Swahili Translator, Translation
Budget: $15 - $25 USD
25 Jan 2026 22:58 GMT
Fix Synology NAS and Organize Home Network
Category: Computer Security, Network Administration, Network Engineering, Network Monitoring, Network Security, System Admin, Wireless Network Security Analysis
Budget: $750 - $1500 CAD
25 Jan 2026 22:54 GMT
Edit Cooking Videos & Canva Design
Category: After Effects, Canva, Graphic Design, Social Media Marketing, Video Editing, Video Post Editing, Video Processing, Video Production
Budget: ₹1500 - ₹12500 INR
25 Jan 2026 22:52 GMT
Realistic 3D Excavator Animation
Category: 3D Animation, 3D Design, 3D Graphic Design, 3D Modelling, 3D Rendering, 3D Visualization, Animation, Blender, Cinema 4D, Maya
Budget: €30 - €250 EUR
25 Jan 2026 22:52 GMT
Image Processing and Conversion
Category: Background Removal, GIF, Graphic Design, Illustration, Image Processing, Photo Editing, Photoshop, Visual Design
Budget: $50 - $100 USD
25 Jan 2026 22:50 GMT
Material Promocional Creativo para Proyecto
Category: Adobe Creative Cloud, Adobe Illustrator, Photoshop, Graphic Design, Illustration, Logo Design, Marketing
Budget: $15 - $25 USD
25 Jan 2026 22:50 GMT
Elegant Word Invitation Template
Category: Adobe Illustrator, Adobe InDesign, Graphic Design, Invitation Design, Microsoft Word, Photoshop, Print Design, Word
Budget: $10 - $30 USD
25 Jan 2026 22:48 GMT
Multi-Client Social Media Manager
Category: Brand Management, Content Creation, Content Marketing, Instagram Marketing, Market Research, Social Media Management
Budget: $15 - $25 USD
25 Jan 2026 22:46 GMT
looking for a Co Founder for my startup who is expert in client hunting/ appointment setting / sales
Category: Appointment Setting, Business Development, Email Marketing, Lead Generation, Marketing Strategy, Sales, Social Media Marketing, Telemarketing, Virtual Assistant
Budget: $10 - $30 USD
25 Jan 2026 22:45 GMT
WearOS Personal Audit Data Logger
Category: Android, Android App Development, Android SDK, Cryptography, GPS, Java, Kotlin, Linux, Mobile App Development, Mobile Development
Budget: $10 - $3000 USD
25 Jan 2026 22:45 GMT
Promotional Video & Social Media Editor
Category: After Effects, Audio Editing, Motion Graphics, Social Media Marketing, Video Editing, Video Post Editing, Video Production, Video Services
Budget: $10 - $300 USD
25 Jan 2026 22:43 GMT
looking for expert who can create chat bot for a wordpress website
Category: AI Chatbot Development, AI Development, API Development, API Integration, Chatbot, Conversational AI, HTML, JavaScript, PHP, WordPress
Budget: $10 - $30 USD
25 Jan 2026 22:43 GMT
Power BI Dashboard Design
Category: Data Analysis, Data Integration, Data Processing, Data Visualization, Excel, Microsoft Access, Power BI, Visual Basic
Budget: $30 - $250 USD
25 Jan 2026 22:42 GMT
Browse All Projects
Projects by Skills ...
android
ajax
asp
aspnet
cms
cpp
csharp
css
delphi
design
drupal
excel
facebook
flash
html
java
javascript
joomla
iphone
mysql
photoshop
php
python
ruby
seo
sql
sysadm
translate
typing
twitter
vbnet
xml
wordpress
writing
New!
Проекты на русском
(Projects in Russian)

Copyright © 2005-2025
1001 Freelance Projects