I had an amazing time working on this project, and some redditors have been so engaged with it that they we have now established a developer community and to keep improving the algorithm.
The algorithm analyses all the coins on Binance and tries to pick out the ones with the highest probability of a strong bullish movement. This is done by taking into account the price difference. If the price of a coin has surged in the past few minutes, the bot will take this as a buying signal. This is based on riding the trend strategies.
The algorithm has a many configuration options such as:
- The ability to select what to pair your coins to (by default USDT)
- Amount to spend on each trade
- Maximum number of coins that can be hold by the bot
- How much does a coin need to gain (in %) before the bot buys
- Stop Loss / Take Profit
- Trailing Stop loss
- Simulated live trading and more features to come
It's essentially a tool that you can customise as much as you want, but it also comes with a pre-defined strategy.
Anyway, here's the source code if you're comfortable with Python:
https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot
And if you need a step-by step guide on how to install and configure the bot, you can use this:
[link] [comments]
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