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 Sales-Driven Campaign Category: Advertising, Content Creation, Digital Marketing, Facebook Marketing, Google Adwords, Instagram Marketing, Internet Marketing, Social Media Marketing Budget: $8 - $15 AUD
22 Feb 2026 11:00 GMT
Industrial Steel Door Design Category: 3D CAD, 3D Modelling, AutoCAD, CAD / CAM, Engineering, Mechanical Engineering, Product Design, Structural Engineering Budget: €30 - €250 EUR
22 Feb 2026 11:00 GMT
Cinematic Personal Project Videography Session Category: After Effects, Animation, Cinematography, Lighting Design, Video Editing, Video Post Editing, Video Processing, Video Production, Video Services, Videography Budget: ₹750 - ₹1250 INR
Warm Lead Generation & Commission Category: B2B Marketing, Business Development, CRM, Email Marketing, Lead Generation, Market Research, Sales, Telemarketing Budget: $10 - $30 CAD
22 Feb 2026 10:56 GMT
Setup Amazon Sponsored Products Ads Category: Advertising, Amazon Ads, Digital Marketing, Google Adwords, Internet Marketing, Keyword Research, PPC Marketing, SEO Budget: ₹600 - ₹1500 INR
22 Feb 2026 10:56 GMT
Coastal Australian - Bali Inspired Home Interior Category: 3D Modelling, 3D Rendering, Furniture Design, Graphic Design, Home Design, Interior Design, Sketching, Sourcing, Textile Design Budget: $30 - $250 AUD
22 Feb 2026 10:56 GMT
Excel filtering Needed Category: Data Analysis, Data Management, Data Processing, Data Visualization, Excel, Excel Macros, Software Architecture, Visual Basic Budget: ₹600 - ₹601 INR
22 Feb 2026 10:56 GMT
Posicionamiento SEO Inmobiliario USA Category: Digital Marketing, Internet Marketing, Keyword Research, Link Building, Marketing, SEO Budget: €8 - €30 EUR
22 Feb 2026 10:55 GMT
Saudi Traffic Fine Online Settlement Category: Account Management, Admin Support, Data Entry, Internet Marketing, Link Building, Marketing, Payment Processing, SEO Budget: $865 - $935 USD
22 Feb 2026 10:51 GMT
WorkOn9 company task Category: Copy Typing, Data Entry, Data Processing, Excel, PDF, Visual Basic, Word Budget: $10 - $30 USD
22 Feb 2026 10:50 GMT
excel formula work Category: Business Analysis, Data Analysis, Excel, Financial Analysis, Financial Modeling, Financial Research, Google Sheets, SaaS Budget: ₹600 - ₹1500 INR
