I’m sharing the code of my first crypto trading bot, so you can build your own
I have recently started coding my own crypto trading bots, as a way to remove emotional impulses from my trading strategy and have tested a few designs with various degrees of success.
I have recently been testing this particular bot with different coins and got some interesting results. While it underperformed on Bitcoin, it actually came in profit during a week of live-testing on XLM.
Here are parameters that I set for the bot:
- The bot will be trading Bitcoin automatically if the price has increased by more than 3% in the last 10 minutes.
We will have a stop loss of 5% and take profit of 8% – this can be improved with a trailing-stop functionality.
Have you ever traded with a crypto bot or built one yourself? Let me know your thoughts!
And of course, here is a guide you can follow to build your own along with the open-sourced code: