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.
Affiliate Partners for Web Hosting Campaigns Category: Affiliate Marketing, Conversion Rate Optimization, Digital Marketing, Google Adwords, Influencer Marketing, Internet Marketing, Sales, Search Engine Marketing (SEM), Web Development, Web Design Budget: $30 - $250 USD
23 Jan 2026 11:04 GMT
Websites Translation Review Category: Czech Translator, Danish Translator, Finnish Translator, French Translator, German Translator, Italian Translator, Norwegian Translator, Polish Translator, Proofreading, Swedish Translator Budget: €250 - €750 EUR
Site e-commerce panier intégrée Category: CMS, HTML, PHP, Prestashop, SEO, Shopify, Web Development, Web Design, WooCommerce Budget: $10 - $30 USD
23 Jan 2026 11:00 GMT
CNC-Ready Folding Doorstep CAD Category: 3D CAD, 3D Design, 3D Drafting, AutoCAD, CAD / CAM, CNC Machine Retrofitting, CNC Programming, Mechanical Engineering, Product Design, Solidworks Budget: ₹600 - ₹700 INR
23 Jan 2026 11:00 GMT
Poster Promosi Acara Menarik Category: Adobe Illustrator, Photoshop, Graphic Design, Illustration, Logo Design, Poster Design, Visual Design Budget: $250 - $750 USD
23 Jan 2026 10:59 GMT
Amazon Listing Optimization Expert Category: Amazon, Amazon Listings Optimization, Amazon Product Launch, ECommerce, Google Ads, Google Adwords, Internet Marketing, Keyword Research, Product Descriptions, SEO Budget: ₹1500 - ₹12500 INR
23 Jan 2026 10:58 GMT
AI-Generated Video for Bausano's Anniversary Category: After Effects, AI Animation, AI Content Creation, AI Design, AI Rendering, AI Generated Video, Animation, Digital Art, Video Production, Video Services Budget: €8 - €10000 EUR
Lead-Focused Wellness Ad Creatives Category: Adobe Illustrator, Photoshop, Banner Design, Graphic Design, Illustration, Lead Generation, Social Media Marketing Budget: ₹600 - ₹1500 INR
23 Jan 2026 10:56 GMT
Bulk PrestaShop CSV Product Upload Category: AI Content Creation, AI Writing, Data Entry, Data Management, Data Processing, ECommerce, Excel, PHP, Prestashop, SEO Budget: €250 - €750 EUR
23 Jan 2026 10:55 GMT
Business Consultation App MVP Build Category: AngularJS, Flutter, JavaScript, Mobile App Development, Next.js, Node.js, Video Conferencing, WebRTC Budget: $30 - $250 USD
23 Jan 2026 10:54 GMT
Phonk Channel Setup & Management Category: Content Creation, Content Strategy, Digital Marketing, Music Management, SEO, Social Media Management, Video Editing, YouTube Budget: $10 - $30000 USD
