MultiversX Tracker is Live!

This is probably the most complex cryptocurrency trading algorithm that I have worked on, and it detects potential moonings accross all Binance coins - oh and it's open source

All Cryptocurrencies

by COINS NEWS 290 Views

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:

https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/

submitted by /u/CyberPunkMetalHead
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