A bot needs to be developed for trading on Binance futures, which will operate through the API. After running the code through the console, the following data needs to be entered: selection of the trading pair (for example, BTCUSDT or LTCUSDT), the profit amount at which the position will close and a new one will open, and the amount of initial margin, that is, how much $ the first position will be opened with.
Bot idea:
After launching through the console, the bot should perform the following actions:
1. Open a position with the specified parameters (trading pair, take-profit amount, and initial margin).
2. When the target profit of 1 dollar is reached, the position automatically closes, and a new one opens.
3. In case of a drawdown of 50% from the position's margin, margin addition occurs:
• For example, if the initial margin is 5 dollars, when the drawdown reaches 2.5 dollars in the position, the margin increases by 2.5 dollars, resulting in a new margin of 7.5 dollars.
• If the drawdown continues to 3.75 dollars (50% of the new margin), margin addition occurs again by 3.75 dollars, and so on, until the target profit of 1 dollar is reached.
4. After reaching the target profit of 1 dollar, the position automatically closes, and the bot opens a new position again.
Freelancehunt
