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
LumiStudy
Category: Android, App Design, IOS Development, IPhone, Mobile App Development, Mobile Development, PHP, UI / User Interface
Budget: $30 - $250 AUD
17 Jan 2026 22:58 GMT
Rebuild AI Site in WordPress
Category: Google Analytics, HTML, PHP, Web Design, Web Development, Website Optimization, WordPress
Budget: $250 - $750 USD
17 Jan 2026 22:57 GMT
Website Hero & Logo integration
Category: Adobe Illustrator, Photoshop, Banner Design, Graphic Design, Illustration, Logo Design, Web Design
Budget: $30 - $250 AUD
17 Jan 2026 22:56 GMT
Electronics Engineers for Product Validation Interview
Category: Circuit Board Layout, Circuit Design, Electronics, Embedded Systems, Firmware, PCB Layout
Budget: $30 - $250 CAD
17 Jan 2026 22:56 GMT
Share My Hobby Shop Referral
Category: Content Marketing, Digital Marketing, Forum Posting, Internet Marketing, Link Building, Search Engine Marketing (SEM), SEO, Social Media Management
Budget: $2 - $8 USD
17 Jan 2026 22:55 GMT
Portfolio Website Design & Development
Category: Graphic Design, HTML, SEO, UI / User Interface, UX / User Experience, Web Design, Web Development, WordPress
Budget: $30 - $250 AUD
17 Jan 2026 22:55 GMT
Finalize and Launch React Native App
Category: API Integration, Backend Development, Bill Of Materials (BOM) Optimization, ChatGPT AI Integration, Expo, GitHub, GPT 4, Mobile App Development, Model Testing & Optimization, React Native
Budget: $5 - $15 USD
17 Jan 2026 22:53 GMT
QA tester for Dating App MVp -- 2
Category: A / B Testing, Android, API Testing, Backtesting, Mobile App Testing, Quality And Reliability Testing, Regression Testing, Test Automation, Testing / QA, Usability Testing
Budget: $250 - $750 USD
17 Jan 2026 22:51 GMT
Fishing Lure Scent Label Design
Category: Adobe Illustrator, Photoshop, AI Image Editing, Graphic Design, Illustration, Label Design, Logo Design, Product Design
Budget: $30 - $250 AUD
17 Jan 2026 22:49 GMT
Desarrollo Web App Venta eSIMs (Next.js+Supabase)
Category: API Development, Full Stack Development, Git, HTML, JavaScript, Next.js, PHP, PostgreSQL, Stripe, Vercel
Budget: $750 - $1500 USD
17 Jan 2026 22:49 GMT
Portrait Canvas Texture Removal
Category: Photoshop, Digital Art, Image Processing, Photo Editing, Photoshop Design, Print Design, Visual Effects
Budget: $30 - $250 USD
17 Jan 2026 22:48 GMT
Cinematic Motorcycle GoPro Edit Needed
Category: Adobe Premiere Pro, After Effects, Color Grading, DaVinci Resolve, Final Cut Pro, Video Editing, Video Production, Video Services
Budget: $30 - $250 USD
17 Jan 2026 22:44 GMT
Bulk Low-Cost Backlink Posts
Category: Content Marketing, Digital Marketing, Forum Posting, Internet Marketing, Link Building, Search Engine Marketing (SEM), SEO, Social Media Marketing
Budget: $10 - $30 USD
17 Jan 2026 22:43 GMT
Site vitrine WordPress clé-en-main
Category: HTML, PHP, Web Design, Web Development, WordPress, WordPress Design, WordPress Plugin
Budget: $30 - $250 USD
17 Jan 2026 22:41 GMT
UK Company & Payment Setup
Category: Accounting, Business Consulting, Business Development, Business Plans, Compliance, Contracts, Finance, Payment Processing, Startup Consulting, Tax Compliance
Budget: $50 - $90 USD
17 Jan 2026 22:41 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