ETBOT Review What You Should Know About Etbot.io AI Crypto Trading – Guide!

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Building a Crypto Trading Bot — How to Guide

The cryptocurrency bot development field is an extremely lucrative one. Given the increased desire for an automated solution, cryptocurrency trading bots have become increasingly popular. It’s not unusual to find them on significant exchanges given their ability to trade 24/7, execute strategies systematically, and place orders at high-speed. Given the industry’s extreme volatility, traders are gravitating towards leveraging trading bots with the sole intention of preserving and increasing investment capital while limiting their manual involvement. In this highly informative article, we take a look at how you can build your trading bot and join the ranks of successful bot developers.

What is a Crypto-Trading Bot?

A cryptocurrency trading bot is a software program designed to recognize the crypto-market’s trends and automatically execute trades. A trading bot takes the monotony of pushing the buy and sell button physically and trades on the trader’s behalf. Most traders configure the bot to a set of customized pre-programmed rules that use market indicators and trends to execute the trader’s trade preferences. One can acquire a trading bot for free via an open-source platform, get a licensed one at a fee, or with enough technical know-how, create one. Unlike stock trading bots, crypto-trading bots are generally less expensive and can be used by anyone, newbie or pro.

Cryptocurrency trading bots and trading algorithms variety

There currently exists a vast array of cryptocurrencies in the market. Bitcoin, the first decentralized digital currency, remains the most popular and expensive cryptocurrency to date. Consequently, it’s no surprise that a majority of people are trading bitcoin as a way to generate passive income while they work their regular day jobs. However, a large percentage of them lack the skills or the time to analyze crypto trading charts. Consequently, bitcoin trading bots are becoming popular in the bitcoin trading space. Most of them are configured to work on many well-known crypto-exchanges such as Gemini, Huobi, Kraken, Poloniex, Bitfinex, etc.

Given the fact that the market is flooding with trading bots, high competition remains one of the challenges for someone writing his bot. Large organizations with access to more resources and professionals can develop more robust bots than someone working independently. Creating a bitcoin auto trader requires a lot of time to build its algorithm and ensure that it has no exploitable security flaws. While downloading an open source trading bot is cheap and requires minimum development time, it’s harder to build and adapt to its trading algorithm, create a unique set of features, or fix bugs or security issues.

Node.js versus python-crypto trading bots

The programming language that you choose depends solely on the features and functions that you want the trading bot to have. Preferably, you would want to use a programming language that’s widely supported and has an active community in the cryptocurrency sphere. Also, you need to make sure that it can be easily scaled, adapted, and added to if the need arises. It comes in convenient when you want to tap into the community for development support. At the moment, the most common programming language to write trading bots are JavaScript and Python. According to SlashData, Python, and JavaScript (JS) are the most commonly used programming languages in use by developers.

JavaScript comes in first with about 11.7 million active developers while Python comes second with about 8.2 million active developers. Both programming languages have extensive support in the development community and are substantially compatible with the cryptocurrency environment. Python is mostly used by developers who want the ability to express concepts in fewer lines of code. Moreover, Python’s high-performing libraries allow for easy research and prototyping. Other developers prefer using JS as it’s dynamic, prototype-based, and multi-paradigm. Most developers use it for simulations, data modeling, and low latency executions.

Although both Python and JS are popular programming languages, they have distinct differences. The main differences between JS and Python include:

  • Python is easy to get started on as a beginner while JS is more complex and usually difficult for most beginners.
  • Python has many libraries for data analytics, machine learning, or scientific computation, while JS is good for building native applications or websites.
  • JS can be used to run on both browser and frontend server while Python is usually used for server-side/backend programming.
  • JS is suitable for mobile development while Python is not as it’s slow to run compared to JS.
  • Python is a better designed modern programming language which is easy to maintain, unlike JS.

What are the Cryptocurrency Strategies?

A cryptocurrency strategy is a trading strategy that provides traders the ability to earn more using less capital. Trading bots are incapable of reacting to fundamental market conditions such as government cryptocurrency decisions, rumors, or an exchange hack. Therefore, as you write a trading bot, it’s essential to keep these strategies in mind to tweak the bot to suit any current situation.

Some of the most popular cryptocurrency strategies include:

Trend Following Strategy

In this strategy, a crypto-trading bot can be programmed to identify trends of a particular cryptocurrency and execute buy and sell orders based on these trends. Trading bots are useful for trend trading. The trend following strategy attempts to acquire gains through analyzing an asset’s momentum towards a given direction. Traders that execute this strategy will enter into a long position when a cryptocurrency trends upwards and a short position when the digital asset trends downwards.

Arbitrage

This strategy involves a trader taking advantage of a price differential existing between two crypto-exchanges. The trader buys digital assets from one market and then sells them in another for another, earning a profit in the process. Back when crypto-exchanges were decentralized and mostly unregulated, there were significant price differentials and traders could make a lot of profit with arbitrage. Nowadays, the spread between exchanges has tightened up. However, a crypto arbitrage bot can still help a trader make the most out of these price differentials.

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Market Making

Market making is another strategy that trading bots are competent in executing. This strategy involves “continuous buying and selling on a variety of spot digital currencies and digital derivatives contracts” to capture the spread between the buy and sell price. To carry out this strategy, a trader will place limit orders on both sides of the book (buy and sell). The trading bot will then continuously place limit orders to profit from the spread. This strategy can be unprofitable in times of extreme competition or in low liquidity environments.

How to Build Your Own Crypto Trading Bot

The most obvious perk of using an individually mended trading bot is the ability to maintain control over your own private keys. You can also implement whatever functionality that you desire into the trading bot. Moreover, once the trading bot is set, you can trade 24/7 raising your odds of making gains through faster order placement.

Where to download an existing open-source Bitcoin trading bot

The cryptocurrency market is growing and expanding daily, and so is the number of trading bots. Most sophisticated crypto-trading bots nowadays are pretty expensive to buy or are offered on a subscription-based basis. Nonetheless, there is a more natural way to acquire a trading bot today. Free trading bot software can be found on multiple open-source platforms for anyone to pick. A famous example is 3Commas. 3Commas offers a trading bot that works well with numerous exchanges such as Bitfinex, Binance, Bitstamp, GDAX, Huobi, etc. With a patched-up 3Commas trading bot, one can be able to trade 24/7 and even copy strategies used by successful traders.

Setting up the API for each exchange

In today’s cryptocurrency trading ecosystem, APIs have become extremely important, and most people don’t even realize that they are using one. An API (Application Programming Interface), is an interface for the trading bot that allows the bot to send and receive data from an exchange. Most crypto-exchanges allow you to use their API interface for the bot. However, these systems are usually based on a few permission-levels protected with unique keys and secret. To do so, you’ll need to create an API key on the exchange you want to use. Afterward, you’ll need to put your key and the secret into the trading bot to access the API.

API keys are fundamental. It’s advisable that you never share your API secret keys with anyone and be extremely careful about which platform you plug your key into. Once the keys are stolen or hacked, then someone else can access your trading bot and use it to trade or make withdrawals without your permission. If the API has the withdrawal option enabled, you’ll most likely want to turn it off. Turning it off prevents the bot from withdrawing from your account and allows you to make withdrawals manually.

API links for leading currency exchanges:

Make a cryptocurrency trading bot checklist

Instead of subscribing to a trading bot for a fee or purchasing one, you can make your own. Here are some checklist steps that you can follow to make sure that you make a good trading bot with minimal difficulty.

  • Decide on the programming language that you want to use. A good idea is to use a common or familiar programming language so that it can be easier to bring in development support should you need to.
  • Get hold of your APIs. Make sure that you get all the APIs to crypto exchanges you want your trading bot to interact with. For instance, if you are creating a GDAX trading bot, then you need access to the GDAX API.
  • Create accounts with the exchanges that you intend to use. For instance, if you intend to create a bittrex trading bot, then you need to access the bittrex API.
  • Chose a trading bot strategy. Whether its arbitrage, market following, or the market making strategy. The complex the trading strategy, the more the development time needed.
  • Architecture. Ensure that you clearly define the type of data that you want your trading bot to interpret.
  • Create. Creation is the most time-consuming part of making the trading bot. Ensure that you do everything procedurally.
  • Test. Make sure that your trading bot functions as it should. If not, this is the best time to fine-tune it.
  • Deployment. Once you have straightened up any issues with the trading bot, it’s time to deploy it and make use of it.

How to Make a Trading Bot with Python

Setting Up Crypto Trading Bot Environment in Python

Your first step towards creating a trading bot with Python is setting up your development environment. Below are a few steps to follow, especially if this is your first time.

  • Download and Install PyCharm

PyCharm is an IDE (Integrated Development Environment) used for developing programs and or building software in Python. It’s highly recommended for beginners as it eases the learning process. It’s customizable and contains all the tools and features that a programmer needs to be productive in the development process.

  • Download and Install all Libraries and Dependencies

The next move you want to follow is to download and install all the libraries and dependencies. These are a collection of methods and functions that allow you to perform a lot of actions without necessarily writing your code. You can make use of PyPI to acquire most of the libraries that you need and install them with pip, which often comes with your Python installation. Trying to install all the dependencies at PyPI manually may take a while so you may need to create a script to help you out. Below is a tutorial on how you can do this.

  • Download and Install Python Exchange Library on Github

You can download the source code directly and install it, or you can obtain a copy from the PyPI repository and install it. Both methods will install the Python exchange library. Otherwise, you can choose to clone from the source. Either way will work just fine.

Portfolio/ Index Indicators

The sole focus of this section is to add portfolio functionality to the automated trading bot on Binance. Since creating a portfolio is a straightforward exercise, you can incorporate an already completed python project with significant functionality. A template design from ‘Tracking a Portfolio with Python’ will provide functionalities such as:

  • Create portfolio functionality of cryptos with deposits, withdrawals, buy and sell-denominated in Satoshis- Daily/Weekly/Monthly P&L reports.
  • Ability to create ‘play money’ portfolios i.e. perform advanced portfolio tasks such as indexing crypto profile (Hodl bot).
  • Save all data to .csv which is easy to edit in Microsoft Excel.
  • Incorporated with Matplotlib and Pandas Data Structure for Data Visualization and Data Analysis respectively.

Collecting & Analyzing Historic Data from Binance and Coinbase

In this section, you will learn how to collect and also utilize historical data from Binance and Coinbase. You will learn how to collect and save data in formats that can be used later. Also, you will utilize this data to inform the trading bot on your trading strategy. That is, when to buy, when to sell, the best coins to buy, etc. Since this section is a bit complex, we have attached a Coinbase tutorial that explains everything in detail below.

Tracking Profit & Loss – Comparing to ‘Index’

You will be using all code published on github as ‘Portfolio Tracker’ which will be forked and modified for tracking crypto portfolio on Binance. For tracking a crypto portfolio with publicly available code, we will be using a great project known as ‘Cryptrack by Herschee’. With it you will pull from Coinmarketcap in order to determine hourly, daily, and weekly gains and losses. This actual code will be included in the algorithmic trading project as an initial functionality before implementing the ‘Portfolio Tracker’ functionality. Below is an excellent tutorial on how to install and use Cryptrack.

Developing new strategies based on historic data

Historic data is extremely useful to the trading bot. From it, you can determine future trade positions, determine good or bad times to buy or sell, and attempt predicting future performance. All data gets analyzed by the bot for short or long term trends which ultimately inform it of which trading strategy it will undertake.

How to Make a Trading Bot with JavaScript

This section will go into detail into how you can make a trading bot using JavaScript. We will be specifically checking how you can do this with the Coinbase exchange. We will also be using Windows task scheduler to execute our code. Therefore, you will need an account with CoinbasePro which is an awesome Coinbase supported platform with a comprehensive API. You will also need a Gmail account. The Coinbase account will be for sending orders and the Gmail account for receiving trade notifications. Below are the steps to building a trading bot with JavaScript.

Call Libraries and Build Functions

The first step is to call libraries. Some of the main libraries that we’ll need include:

The rgdax package provides the interface to the GDAX API. mailR is used to send you email updates with a Gmail account. Stringi helps parse numbers from JSON. Finally, TTR will allow you to conduct technical indicator calculations. Some of the functions that we’ll need include:

These functions will inquire the most recent balance from your GDAX account. This function will be used repeatedly in trading.

The next function we will use is the RSI or Relative Strength Index as our main indicators for this strategy.

This function will provide you access to the current bid and ask price.

  • Usd_hold, eth_hold & cancel_orders

Both the usd_hold and eth_hold functions aid in pulling in the current status of orders already placed in a frequentative manner. The cancel_order function will aid in cancelling orders that have moved far too down in the order book.

These function works through several steps. The order_size function calculates how much crypto we can buy. The WHILE function places limit orders while we still have zero crypto. Once an order is placed at a specific bid price, the system pauses for a while until the order is filled. If the order isn’t filled, the whole process repeats.

Store Variables

The next step is to store some of our RSI indicator variables as objects. Doing so helps the trading loop run faster so that we don’t exceed the rate limit of the API.

Trading Loop Executes

The above steps only elaborated how to prepare functions and variables in order to execute the trading loop. Now, taking the example of USD and ETH, we take a look at an actual walkthrough of the trading loop. With a current balance of more than 20 USD in the account, we can begin the loop. If the current RSI is more than or equal to 30 and the RSI prior to this was less than 30 at the minimum once, then we buy as plenty ETH as we can with the current USD balance. Afterward, we save this buy price into a CSV file.

After this, we need to send an email to ourselves to alert us of the buy action. The loop then prints “buy” so that it can be tracked in the log file. The system will then sleep for about 3 seconds. Afterward, we enter 3 tiered limit sell orders to take profits. The first limit sell order takes profit at 1% gain. The next limit sell order takes profit at 4%. The last limit sell order takes at profit at a 7% gain. And that’s how the entire script works.

Using Windows Task Scheduler to Automate the Script

The whole purpose of having a trading bot is to remove the human error element from trading. Furthermore, you need a trading bot that can trade without you being necessarily present. Therefore, we will use windows task scheduler to automate the script. The steps include:

  • Schedule script with Rstudio addin
  • Modify the scheduled task with task scheduler
  • Keep an eye on your task with the log file

What are the Risks While Writing a Personal Crypto-Trading Bot?

Building a trading bot is not as simple as it seems. Bots are built on specific codes and algorithms that help them function. Any faults in the development process can render a bot ineffective. The bot may contain unidentified bugs or system glitches embedded deep into the code of the bot. Therefore, one requires some extremely advanced programming and technical analysis knowledge. Additionally, one needs to invest quite an amount of money which may translate to financial losses or waste of time if the bot doesn’t function. It’s safe to say that not everyone can build their trading bot.

Majority of trading bots today are difficult to build and use, especially for beginners. Those who invest the time to make one may find that their trading bot doesn’t operate in the way that they expected. However, 3Commas appears to have considered all these problems and offered a one-time solution for both novice and expert traders. They have produced a trading bot that’s both easy to set up and utilize. The bot performs reliably compared to other competitor bots. Some advantages of the 3Commas trading bot include:

  • The bot’s system is well-integrated and offers support for several exchanges such as Binance, Coinbase, Huobi, etc.
  • It has a smooth and intuitive dashboard that allows both novice and expert traders to maximize their trading potential.
  • It offers a good range of trading tools such as social trading and performance analytics on top of the automated bot.
  • 3Commas provides a lot of features that are accessible via an extremely affordable pricing plan.

Conclusion

Building a trade bot from scratch is not as easy as most people think. The DIY (Do It Yourself) approach is tough and complicated. If you are a beginner, the process is time-consuming and filled with expenses that rarely go away. Not to mention, the precision needed to create a fully functional cryptocurrency trading bot is intense. To add fuel to the fire, you need a whole new set of specialized programming skills to pull this off. Fortunately, if you lack the skills or the time, you don’t have to build your bot from scratch. You can grab an already working trading bot from 3Commas.

As stated above, building a self-written trading bot is not easy. The self-written bot may be challenging to use, and the UI/UX may not work as expected. However, with the 3Commas trading bot, you can be sure of a hassle-free experience where all the problems of a self-written trading bot are eliminated. The 3Commas bot is easy to set up and use, performs with exceptional reliability, and works on all major exchange platforms such as Huobi, Binance, Coinbase, etc. Moreover, 3Commas’ set of affordable pricing structures give you access to a whole range of incredible features not available in a self-written bot.

A proven leader, successful at establishing operational excellence and building high-performance teams with a sharp focus on value creation and customer success.

How to Build a Crypto Trading Bot

There are lots of reasons as to why companies and individual traders might want to build a crypto trading bot. It might be to allow them to buy and sell cryptocurrencies such as bitcoin without needing to physically undertake transactions. Another common reason for creating a crypto trading bot is to make it commercially available to others for a fee.

Whatever the reason, crypto trading bot development is a lucrative field, provided you get it right. In this article, I want to examine how companies can build their own trading bot so that they won’t have to pay to use existing ones.

I will begin by defining exactly what a crypto trading bot is before explaining how such programs operate. To do this, I will take a look at the different types of trading strategies these bots use before finally going on to explain how to make a trading bot.

Since the intention of this article is to provide an overview of the process, I will add links at the bottom of the page to articles that cover the process of creating a cryptocurrency trading bot in more detail.

Please keep in mind that articles often outline bot architectures and algorithms that quickly go out-of-date. For this reason, all of the articles I reference should be viewed as guides rather than a step by step process to follow.

If you don’t have experience in creating a trading bot then you should seek expert help to do so. A great tip on how to find the most up-to-date information and approaches is to hit the popular developer forums that include CodeProject and Stack Overflow.

Sites such as these are loaded with topics that will help and also serve as a great way to tap the best programmers for free advice on how to create a trading bot.

Contents

What is a crypto trading bot?

Since the beginning of the cryptocurrency boom that started in early 2020, people all around the world have been clamoring to trade in bitcoin and other altcoins. The problem with any commodity in the global marketplace is traders cannot be at their station 24 hours a day, 7 days a week.

Apple co-founder and tech guru Steve Wozniak recently admitted that he had sold his entire holdings of bitcoin because he had grown tired of constantly looking to see what the price was. Even the most dedicated trader will not want to spend their entire life staring at cryptocurrency price charts either.

Trading in cryptocurrencies is particularly addictive because the market is highly volatile. Bitcoin prices can and have dropped by as much as 25% in a day. While investors who are in for the long term might not worry about taking advantage of such fluctuations, cryptocurrency traders can make huge amounts of money from such volatility.

The solution to this problem is the trading bot. Such bots have been used by companies to set buy/sell commodities on global stock exchanges for decades. Trading bots help to automate the process and thereby relieving pressure on companies and traders.

Trading bots are software programs that use API’s to interact with financial exchanges. They actively monitor exchanges around the clock and will react in accordance to whatever predetermined criteria they have been programmed with.

How do crypto bots work?

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To give a basic example, if a trading bot has been told to buy a commodity once the price hits $1 or lower, and sell once it hits $2, it will act in accordance with these limits, hopefully making a profit.

A cryptocurrency trading bot operates on these exact principles to facilitate the buying and selling of bitcoin and other cryptocurrencies.

Different bot trading strategies

Crypto trading bots rely on algorithmic trading in order to run and process complex mathematical formulas and automate and accelerate the trading process.

So, how do you do algorithmic trading?

Trend Following Strategy

This is the simplest trading strategy in which the bot responds to direct market changes. Trend following doesn’t require complex algorithms that need to factor in such things as predictive analysis etc., and so are very simple.

Arbitrage

The arbitrage model involves cryptocurrency bots exploiting the difference in prices between the numerous cryptocurrency exchanges throughout the world.

Since there is no one centralized exchange to determine the price of a cryptocurrency – a role that with fiat money is a filled by the central banks – for this reason, prices vary from exchange to exchange.

South Korean exchanges, for example, have historically had a higher price than U.S ones, so offering good potential profits for anyone trading between the two.

Trading bots help traders take advantage of this differential by allowing them to trigger trades when certain price differentials are met.

Market Making

The market making strategy allows traders to buy and sell high volumes of currency and profit from the spread. In order to be able to trade such volumes, market making traders rely on trading bots.

List of the best cryptocurrency trading bots:

Finally, let’s tackle the most important question – how to build a trading bot.

How to build a crypto trading bot

Do it alone: Download an exisiting open-source bot

There are several ways that you can build a crypto trading bot. The cheapest and easiest approach is simply to find an open-source crypto bot that you can download and use straight away. This requires only a minimal amount of technical knowledge and helps to keep costs and development time to a minimum.

However, in order to build in your own features, continue development, and fix any bugs/security issues, etc., you will need to retain at least one expert software programmer. Since the bot has already been developed, the downside is that this approach often makes it harder to build in your unique features or adapt its trading algorithm.

Best open source crypto bots:

Start from scratch: Get a great dev team together and start coding

Cryptocurrency trading software development can be both a personally and financially rewarding thing for those people who are able to be successful at it. The most important part of this approach is ensuring you have a team that is filled with passion and dedication, as well as all the relevant skills and experience, of course.

The most basic trading bot can be built in a matter of weeks. One such example is the arbitrage crypto trading bot built by Carlo Revelli. His bot allows for the trade between two exchanges, Etherdelta and Bittrex, and was created using his “own python etherscan API wrapper and pythereum to create the transactions and etherscan to publish them”.

Carlos crypto trading bot contained around 400 lines of code and took 2 weeks to write.

You can read more about how he created his bot in his article How to make your own trading bot.

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To create a more sophisticated trading bot, which can trade on multiple exchanges, will naturally take more time. More time will also be needed for creating the algorithm and ensuring that there are no obvious security flaws which can be exploited by hackers.

Key steps to creating a trading bot from scratch

  1. Decide on the programming language you will use.

It is a good idea to select a familiar programming script to write your bot with. Python, Javascript, Perl, and C are the most commonly used languages for crypto bot development. The advantage of using such well-known programming languages is the ability to easily bring in other developers to help write/fix the code should you need to.
Finding a reliable Python trading bot tutorial, for example, can make things much easier for you.

  1. Getting hold of your APIs

Before you begin coding you will also need to get hold of the APIs that allow your bot to access whichever exchanges you want your bot to trade on. The good news is that all of the main cryptocurrency exchanges offer APIs to allow access to their currency data.

API links for main currency exchanges:

3. Create accounts with all the exchanges you will use

Account creation is a relatively straightforward task. Please keep in mind that different exchanges have different procedures for setting up new accounts. Some exchanges require personal information to be vetted and approved while others allow for anonymous trading. Vetting takes more time, so factor this in when project planning.

  1. Pick a bot trading model

Trend following, Arbitrage or Market Making etc.? Keep in mind that more complex trading models will require more development time.

Your bot’s architecture will have massive implications as to how it functions and performs. Key to a how a bot operates is deciding on the algorithms it will use to interpret data. Algorithmic trading is a massive industry that makes billions of dollars each year in profits.

For any algorithm, the mathematical model on which it is based must be solid. If it is not then it is likely that the bot will either prove to be unreliable or will end up losing money. You can read more on the topic of mathematical modeling via this link.

Part of the process involves clearly defining the type of data you want your algorithm to interpret. For more complex trading models you will need your bot to be able to identify such things as market inefficiencies etc. This means it will need to be able to analyze historical trends as part of its function.

All of these things need to be considered before you get down to create a trading bot.

Once you have outlined your bot’s architecture you can get coding. Naturally, this will be the most time-consuming part of the process. If you have a team of developers working on different parts of the bot then it is vital to make sure that you have good project management/communications procedures in place.

Start by opening a group chat on Slack or a similar program where every member of the team can talk to one another. Hold weekly meetings to make sure each and every member knows where the project is and what problems have been encountered etc.

Testing has two key functions. Firstly, it is to make sure your bot functions as it should and is able to cope with the kind of data fluctuations that will be thrown at it. Factors such as risk vs. reward and modeling errors such as ‘overfitting‘ should all be evaluated at this stage.

The second function is in fine-tuning performance. Keep in mind that what I mean by performance is the optimizing the kind of behavior that you want your bot to exhibit.

By increasing the level of risk that the bot factors in, for example, you increase the chance of higher returns but also decrease the effectiveness of your bot to respond to high levels of price fluctuation, etc.

  1. Live Deployment

Once you have ironed out any issues, you are now ready to set your new auto cryptocurrency trading bot loose on the markets. While you might dream of making instant fortunes, remember that no platform in history has ever been launched without experiencing teething problems.

A good trading bot is an evolutionary thing. The more you put into its development the more you will get out. Constant monitoring of your bot’s performance is definitely recommended, at least for the first few months. After that, you should be confident enough to let your bot get on with it without much need for supervision.

Cut out the hard work: Pay an outsource development team to create your trading bot

If your company wants to ensure a smooth and easy project development then the best way is to hire a professional development team to do the hard stuff for you. A good dev team is likely to get the project completed in a much faster time and ensure that the bot is the best it can be.

Since a cryptocurrency trading bot will most likely be handling large sums of either yours or your client’s money, reliability is hugely important. Currency markets are built on trust so your bot will need to be 100% reliable for it to be successful.

If you have the budget, do yourself a favor and outsource the project to a great development company.

A word of warning

While I hope this guide has provided you with a good understanding about cryptocurrency bots and the process of creating one, I feel that I should add a few words of warning regarding trading cryptocurrency in this way.

Assuming that you have built yourself a world-class trading bot that has no security or reliability issues, traders still need to be aware of the dangers posed by trading in the cryptocurrency markets.

To start with, cryptocurrencies are still relatively new, meaning the market is largely unregulated. Prices are prone to massive fluctuations, which as I said, does offer the chance to make enormous profits, but inversely also could result in huge losses. Don’t invest money you cannot afford to lose.

A much better idea, now that you have created such a great trading bot, would be to charge others for the pleasure of using your bot so that you can be assured of making money, and without having to take any risks either. Whatever you decide, good luck in creating a great crypto trading bot.

Смена торговой пары на Cryptorg

Вам интересен сервис CRYPTORG, но платить вы пока не готовы и хотите воспользоваться пробной версией, да? Это возможно. После регистрации на этом сервисе, соединения с BINANCE (рекомендую начать с этой биржи) и внесения криптовалюты на счет этой криптобиржи вы можете начать работать. Как все это сделать, я говорил в прошлых своих видео.

Давайте разберем настройки, которые нам необходимо будет сделать с начальным аккаунтом Trial, который предоставляет возможность пользоваться только одним ботом. Есть две криптопары, с которых я советую начать торговать, это BTC–TUSD и BTC–WAN. На тарифе Trial у вас есть возможность создавать только одного бота. Поэтому придется выбрать между парой BTC–TUSD или BTC–WAN. Эти две пары обе хороши, и вы можете выбрать сначала одну, протестировать и потом перейти на другую.

Как можно переходить? Я захожу на «Мои боты», справа есть такая кнопочка, и на нее нажимаю. Здесь можно сделать все изменения. Сейчас у меня стоит BTC–WAN. Также можно выбрать другую пару — BTC–WAN поменять на BTC–TUSD . Дальше выбираем стратегию в пункте Strategy — Long. Take Profit — указываем 1%.

Следующий шаг — тип объема ордера Type of volume of the first order, выбираем Fixed Value. И ниже указываем фиксированное значение здесь – 0.00 100 000. Потому что может возникнуть ситуация, что он откроет много страховочных ордеров, а в какой-то момент у вас не хватит денег, и поэтому надо оставлять достаточно депозита.

Поэтому рекомендуется использовать фиксированное значение здесь именно 0.00 100 000. Хотя бы чтобы он 10 ордеров страховочных мог сделать. Это важно все-таки! Мартингейл Martingale мы включаем. А здесь я переделал страховочные 100, и одновременных 10 я вбил, но, собственно, это не сильно влияет. Все фильтры я выключил — без фильтров бот будет чаще открывать сделки, что тоже влияет на ход торгов. Все, теперь нажимаем на кнопку сохранить Safe.

Поэтому вы можете все время менять, смотреть на статистику, выбирать то, что вам нравится. И теперь самое важное! Обязательно после того, как вы изменили робота, вы должны зайти на саму биржу. Давайте еще раз посмотрим вот здесь сделки.

У нас сначала торговался BTC–TUSD. Вы должны зайти на биржу и обязательно тот TUSD, который у вас есть, обменять обратно на биткоин. Должен быть использован этот биткоин к паре WAN, которую я сейчас выбрал. Это вы должны сами сделать, он сам не делает. Вы же меняете пару, поэтому вы должны сами настроить.

Отмена ордеров на Cryptorg

Сделки иногда приходится отменять. Почему? Рынок меняется, и нужно смотреть за ним, если вы хотите заработать больше с CRYPTORG. Например, нужно отменять сделки, когда бот следующий страховочный, он уже не смог бы ничего сделать, поэтому важно отменять сделки в самый выгодный момент, чтобы ничего не потерять. Я отменяю, если бот очень долго зависает или монета идет в другую сторону, то я ее отменяю в самый лучший момент, чтобы сохранить мой депозит.

Для того чтобы не вечно ждать, потому что он потом идет дальше и спокойно себе торгует. Иногда бот не может делать страховочные ордера в достаточном объеме. И поэтому приходится закрыть сделку и настроить в боте, чтобы он торговал меньше. Очень важно. Бот должен иметь возможность 10 раз страховку ставить. Все может быть, криптомонета может очень сильно упасть, поэтому ему нужна страховка.

Теперь я бы хотел вам показать еще одну такую вещь. Здесь в «Мои боты», когда вы заходите в конкретного бота, в нашем случае BTC–WAN пара, справа, когда открыта сделка (сейчас у меня сделки закрыты и поэтому не видно), можете найти информацию об ордерах, которые бот исполнил. А ниже идет уже информация о страховочных ордерах, которые уже чуть-чуть побольше.

В зависимости от того, куда пойдет цена — вверх или вниз, робот будет открывать страховочные ордера. Чем больше у вас баланса на криптобирже, будь то BINANCE или KUCOIN, тем больше он страховочных ордеров может открывать. И как только цена пойдет в вашу сторону, он довольно быстро ее закроет в плюсе.

Потому что вы все время страховались, и довольно быстро вы попадаете в плюс, как только она дает какой-нибудь отскок. Это шикарный, кстати, метод, мне очень нравится, тем более, здесь все очень наглядно. И еще очень важный момент, как я уже говорил, без фильтров торгую.

Графики и статистика на Cryptorg

Давайте посмотрим график торгующей пары. Идем в меню CRYPTORG, открываем раздел графики Charts и кликаем по бирже, с которой работает у нас бот, например, BINANCE. Дальше выбираем интересующую нас торговую пару — в нашем случае это BTC–WAN, и перед вами открывается график этой пары. Здесь вот можно поменять время интервалов графика — 1 минута, 30 минут, 1 час, или больше часов включать, например, 4 часа, день, неделя и так далее.

Также есть инструменты для работы с графиком, такие как кисточка для рисования прямо на графике, нанесение текста и заметок на график и линейка. Это может вам помочь в работе с графиком. В общем, у вас есть возможность смотреть за графиком и отслеживать движение цены. В самый подходящий момент вы можете отменить сделку, если цена двигается против вас или стоит на месте. Или заморозить и потом разморозить сделку.

В графиках, в общем, вы проводите полную аналитику и продумываете свою стратегию вместе с ботом CRYPTORG. То есть, когда вам нужно сделать анализ работы бота, вы заходите в раздел Charts, проводите анализ, принимаете нужное решение. И если необходимо, например, остановить работу бота, то идете в раздел Deals, выбираете торгующую пару и делаете отмену сделку. Ну, довольно удобно.

Конечно, делать это все необязательно. Даже обычными минимальными настройками бота, в авторежиме он будет зарабатывать для вас деньги, без вашего участия. Однако если вы хотите зарабатывать в разы больше, то придется научиться разбираться в сервисе CRYPTORG и тратить свое время. Если вы торгуете один — эффективность одна, если вместо вас торгует бот — эффективность может быть выше, а когда вы торгуете вместе с ботом и проводите анализ — эффективность в разы выше! Вот такой был результат.

Вы можете даже это все повторять, если хотите, и у вас должен быть такой же результат, ну, примерно. Потому что некоторые монеты я останавливаю. Поэтому вы должны тоже с системой разобраться. Ну и, конечно, следить за статистикой в разделе Statistics, какие монеты выбрать. Вам нужно решить, во что вы больше верите, во что меньше. Есть хорошие монеты, есть не очень. Здесь по сделкам тоже видно, где много сделок.

Я думаю, если вы с первой десяточки будете выбирать, там самые лучшие показатели — вот 0.95 у пары BTC–BCHSV, например, лучший. Если результаты с BTC–WAN вас не устроят, зайдите в настройки бота, опять поменяйте пару и отслеживайте результат работы бота. Или если перейдете на платный тариф Starter, то у вас появится возможность выбрать сразу несколько торговых пар, вплоть до 30 самых лучших и в несколько раз увеличить шансы вашей прибыли.

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