I'm building a Binance Futures trading bot and I'm caught with a selected entry execution drawback.
My technique requires 2-step entry logic:
For SHORT instance:
- current worth = 100
- stopPrice = 103.5
- entryPrice = 102
Desired conduct:
- Worth must first go up and touch
stopPrice(103.5) - Solely after that, if worth comes again right down to
entryPrice(102), then place SELL order
So the logic is:
breakout / liquidity sweep first → retrace → enter
I originally used STOP_LIMIT as a result of it naturally supports:
- trigger at stopPrice
- place limit order at entryPrice
But Binance Futures now pushes Algo Orders (STOP, TRAILING_STOP_MARKET, CONDITIONAL) and STOP_LIMIT seems unreliable / outdated on some symbols.
Drawback:
STOPexecutes immediately when set off hits → not what I would likeTRAILING_STOP_MARKETcan't anticipate retrace to actual entryPrice- Algo orders don't appear to help "trigger first, entry later at one other worth"
Query:
Has anyone carried out this actual 2-step trigger + retrace entry on Binance Futures?
Did you remedy it by:
- dealing with set off state inside your bot (watch market → arm state → wait retrace → market/restrict entry) or
- utilizing some particular Binance order mixture I could also be lacking?
Additionally interested if anybody has expertise with low-price futures symbols where algo orders behave in another way.
Thanks ????
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments