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Coding a bot

The document outlines the steps to create a trading bot, including defining its purpose, selecting a programming language, and installing necessary libraries. It provides a simple example of an RSI trading strategy using Python and libraries like CCXT and TA-Lib. Additionally, it emphasizes the importance of backtesting the bot and deploying it on cloud services for continuous operation.

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86 views

Coding a bot

The document outlines the steps to create a trading bot, including defining its purpose, selecting a programming language, and installing necessary libraries. It provides a simple example of an RSI trading strategy using Python and libraries like CCXT and TA-Lib. Additionally, it emphasizes the importance of backtesting the bot and deploying it on cloud services for continuous operation.

Uploaded by

Dosty Army
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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.

Define Your Bot’s Purpose

What strategy will the bot follow (trend following, mean reversion, scalping)?

Which market will it operate in (e.g., VIX 100 under market)?

2. Select a Programming Language

Recommended languages: Python (most popular), JavaScript

Libraries for trading bots:

CCXT: For connecting to multiple exchanges

Pandas: For data analysis

TA-Lib: For technical indicators

3. Install the Necessary Libraries

bash

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pip install ccxt pandas ta-lib

4. Write Basic Bot Functions

Connect to the trading platform: Use APIs provided by the broker (Deriv API or Binance API)

Fetch market data: Get price data for analysis

Implement strategy logic: Example: Buy when RSI < 30, Sell when RSI > 70

Place buy/sell orders: Automate trades based on conditions

5. Simple Example Code for RSI Strategy

python

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import ccxt

import pandas as pd

import talib

# Set up exchange connection (replace with broker-specific keys)

exchange = ccxt.binance({
'apiKey': 'your_api_key',

'secret': 'your_secret_key',

})

def fetch_data(symbol='BTC/USDT', timeframe='1h', limit=100):

data = exchange.fetch_ohlcv(symbol, timeframe, limit)

df = pd.DataFrame(data, columns=['timestamp', 'open', 'high', 'low', 'close', 'volume'])

return df

def trading_strategy(df):

df['rsi'] = talib.RSI(df['close'], timeperiod=14)

latest_rsi = df['rsi'].iloc[-1]

if latest_rsi < 30:

print("RSI below 30: Buy Signal")

elif latest_rsi > 70:

print("RSI above 70: Sell Signal")

else:

print("No trade signal")

# Run the bot

market_data = fetch_data()

trading_strategy(market_data)

6. Backtest Your Bot

Use historical data to test the bot’s strategy before deploying it live.

7. Deploy the Bot

Use cloud services like AWS, Heroku, or PythonAnywhere for 24/7 operations

Monitor and maintain your bot regularly

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