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Project title: Coder to custom trading bot for Polymarket
Posted by: External project from PeoplePerHour
Started: 16-Jan-2026 08:11 GMT
Description: I am looking for an experienced Python developer to build a custom automated trading bot that connects to the Polymarket API, monitors market prices, and executes trades based on predefined rules.

The bot will trade Bitcoin-related Polymarket markets with a 15-minute expiry.

------------------------------------------------------------------

Trading Logic
1. Entry Conditions

Buy YES if:

YES price is ≥ 70 and ≤ 73

Buy NO if:

NO price is ≥ 70 and ≤ 73

Trade amount for each entry: $X (configurable)

Only enter a position if there is no existing open position

-------------------------------------------------------------------------------------------

2. Order Handling

If an entry order fails to fill:

Re-check all entry conditions

If conditions are still valid, attempt to enter again

Continue retrying until filled or conditions are no longer met


---------------------------------------------------------------------------------------------

3. Exit Conditions

Stop Loss: Close the position if price drops to 60 or below

Take Profit: Close the position if price reaches 80 or above


-----------------------------------------------------------------------------------------------

4. Time-Based Rules

6 minutes before market expiry:

Close all open positions, regardless of profit or loss

Do not open any new positions

Trading must remain disabled after this cutoff for that market


---------------------------------------------------------------------------------------------------------

Functional Requirements
Platform & Execution

Must run on:

Windows 10 and above

Latest Windows Server versions

Simple one-click start/stop mechanism (CLI command, batch file, or lightweight UI)

-----------------------------------------------------------------------------------------------

Configuration & Risk Management

Configurable parameters:

Trade size ($X)

Global kill-switch stop loss:

If total losses reach this amount, the bot must stop trading immediately

Configuration via file (JSON/YAML) or simple UI

--------------------------------------------------------------------------------------------------

API & Data Requirements

Full integration with Polymarket API:

Retrieve real-time market data

Place and manage trades automatically

Price data refresh rate:

As fast as Polymarket allows (target ~1 second, if permitted)

Proper handling of:

API errors

Rate limits

Network failures

-------------------------------------------------------------------------------------------------

Deliverables

Clean, well-structured Python code

Clear setup and usage instructions

Commented logic to allow future expansion

------------------------------------------------------------------------------------------------

Future Work

If this project is delivered successfully, I will offer:

More advanced trading bot development

Higher compensation

Potential long-term collaboration
Project ID: 3465911
Project category:
Project budget:
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