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Here's a quick update on my crypto trading bot that buys based on Reddit posts sentiment - I left it running overnight it it bought BTC, ETH and ALGO

All Cryptocurrencies

by COINS NEWS 213 Views

I recently created an algorithm that analyses the Reddit posts sentiment and places trades on Binance when the average sentiment for a certain coin is positive.

It's a configurable script where you can choose which subreddits to scan, along with more customisation options that I will cover in the How To part.

I also implemented a test mode for paper-trading so that I can test out how efficient this strategy actually is, and left the bot running overnight!

Well it turns how that I now have BTC, ETH and ALGO and due to the mini bull run today, I'm all in the green. So thank you, Reddit hivemind!

I open sourced the script here if you're interested in testing it out:

https://github.com/CyberPunkMetalHead/reddit-cryptocurrency-trading

And wrote a guide on how to run it here:

https://www.cryptomaton.org/2021/06/27/cryptocurrency-binance-trading-bot-that-analyses-reddit-sentiment/

submitted by /u/CyberPunkMetalHead
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