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How to place order with 2-step trigger + retrace entry on Binance Futures?

Binance

Cryptocoins Exchanges / Binance 313 Views

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:

  1. Worth must first go up and touch stopPrice (103.5)
  2. 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But Binance Futures now pushes Algo Orders (STOP, TRAILING_STOP_MARKET, CONDITIONAL) and STOP_LIMIT seems unreliable / outdated on some symbols.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:

  • STOP executes immediately when set off hits → not what I would like
  • TRAILING_STOP_MARKET can'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 ????

submitted by /u/JustANormalDev
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