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.
Travel Backlinks Specialist Category: Affiliate Marketing, Content Marketing, Digital Marketing, Internet Marketing, Link Building, Marketing, SEO, Social Media Marketing Budget: $250 - $750 USD
17 Feb 2026 23:04 GMT
Create Viral YouTube Shorts Category: Adobe Premiere Pro, After Effects, Animation, CapCut, Content Creation, Final Cut Pro, Motion Graphics, Video Editing, Video Production, YouTube Budget: $10 - $30 USD
17 Feb 2026 23:03 GMT
Aplikasi Trailer Film Seluler Category: Android, Data Entry, Flutter, IOS Development, IPhone, Mobile App Development, Push Notification, React Native Budget: $15 - $25 USD
17 Feb 2026 23:03 GMT
Playful Moving Company Logo Category: Branding, Creative Design, Graphic Design, Illustration, Photoshop, Vector Design, Visual Arts Budget: $250 - $750 USD
17 Feb 2026 23:00 GMT
Full-Scale PPC Sales Campaign Category: A / B Testing, Advertising, Analytics, Facebook Ads, Google Ads, Google Adwords, Instagram Ads, Internet Marketing, PPC Marketing, SEO Budget: $15 - $50 USD
17 Feb 2026 23:00 GMT
Sales Data Descriptive Analysis -- 2 Category: Data Analysis, Data Visualization, Excel, Pandas, Python, SPSS Statistics, Statistical Analysis, Statistics Budget: $2 - $8 USD
Professional Brochure Design for Trade Business Category: Adobe Illustrator, Adobe InDesign, Brochure Design, Canva, Flyer Design, Graphic Design, Logo Design, Print Design Budget: $10 - $30 AUD
17 Feb 2026 22:56 GMT
Sales Support for Apparel Business Category: Business Development, Customer Experience, Customer Retention, Customer Service, Embroidery, Sales, Sales Management, Sales Promotion Budget: $30 - $250 USD
17 Feb 2026 22:54 GMT
Bold Cartoon Crow-Brain Logo Category: Character Illustration, Digital Art, Graphic Design, Illustration, Logo Design Budget: $30 - $100 AUD
17 Feb 2026 22:54 GMT
3D Diorama of Vietnam Base Category: 3D Architecture, 3D CAD, 3D Modelling, 3D Printing, 3D Rendering Budget: $15 - $25 USD
17 Feb 2026 22:53 GMT
Short Real Estate Reel Editing Category: After Effects, Animation, Color Grading, Motion Graphics, Video Ads, Video Editing, Video Post Editing, Video Services Budget: $10 - $30 CAD
E-commerce Site for Digital Products Category: ECommerce, Graphic Design, UI / User Interface, User Interface / IA, UX / User Experience, Web Design, Web Development Budget: $250 - $750 USD
