MultiversX Tracker is Live!

Your guys interest in the open source crypto trading algorithm that aims to detect potential moonings, got me and some other devs working on a fully fledged web app

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by COINS NEWS 263 Views

I have to say, I did not expect this to get so much attention so thanks guys for getting involved in this and trying out the bot. Many of you have raised concerns that the bot is quite hard to set-up and operate, so there are some pretty cool news that I would like to share.

With over 1.2k people on our server talking, testing and adding their input on the crypto trading algorithm, and 2.1k stars on GitHub it's clear that this project has massively outgrown its initial bounds.

If you're not sure what this is all about let me quickly break it down for you before I go on:

This is a crypto trading engine that analyses all coins on Binance and detects the most volatile ones in order to catch a potential mooning.

  • The bot will listen to changes in price across all Coins on Binance paired to USDT
  • The bot checks if the any coin has gone up by more than 3% in the last minute
  • The bot will buy 100 USDT of the most volatile coins on Binance
  • The bot will sell at 2% profit or 2% stop loss
  • There is a sandbox mode to test our different strategies
  • A pause mode, to stop buying once the market goes bearish

This just a configuration example, and you should experiment with these parameters to figure out what works for you. In addition to that the bot supports technical analysis, as a secondary buying strategy.

For example, the bot can be configured to buy a coin if 18 out 26 technical indicators are showing a strong buy signal.

While this is quite a powerful tool in itself, many of you encountered issues with downloading and running the code in a Python compiler.

I'm excited to say that we are now a team of developers, and not just myself working on this project, and we're working on a more full fledged version of this bot with a proper front-end for config editing, profit loss tracking and more. This is huge as it allows us to add more powerful features onto it.

If you're interested in the project and would like to be part of the early access, head over here and register your interest: https://www.cryptomaton.org/binance-crypto-volatility-trading-bot/

If you want to know more about it, or try out the initial version available as open source code, see this link: https://www.cryptomaton.org/2021/06/05/the-future-of-the-binance-volatility-trading-bot/ It contains some useful links to guides and more resources

Lastly, if you're great with coding and just want to play around with the code, no fluff see the GitHub repo: https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot

submitted by /u/CyberPunkMetalHead
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