MultiversX Tracker is Live!

Strategies for bot trading

Binance

Cryptocoins Exchanges / Binance 167 Views

Good day guys! As a very first thing I need to say I have no trading information and do that just for fun with disposable cash. Now to my question. I've developed a buying and selling bot for binance and am looking for a superb technique to let it trade. The bot is customizable with scripts for purchasing, promoting and KPIs. It can run a buy/promote script before shopping for or promoting and that script will say if it is a good time to purchase/promote and how much ought to be bought/bought at what worth. The scripts can make use of the KPI scripts. At present I simply have a RSI KPI script (based mostly on the final 14 minutes but may be based mostly on different intervals) and a purchase script that may let the bot buy when the RSI is under 65. The procedure is as follows:

  • begin
  • buy when script says so
  • as quickly as buy is crammed generate promote order with 0.4% profit
  • after sell is crammed restart

There's a threshold mechanism as properly. When a promote order is lively and prices lower it can buy extra and generate a brand new sell order as quickly as extra is purchased. If a buy order is lively and costs improve it can generate a new buy order. How much that improve/lower needs to be could be set.

That is clearly not an excellent strategy because the bot all the time ends up shopping for at a high and then reaches thresholds, buying more till it runs out of money.

What can be better strategies? Helpful KPIs, sell technique, ....

submitted by /u/ZunoJ
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments