PROJECTS
BINANCE TRADING BOT
REASON FOR THIS PROJECT
I have been wanting to build a trading bot for quite a long time now. It is a project that I have been looking forward to building since I started to code with python. I skipped ahead a bit from learning python to this project to see if my knowledge is good enough to build this, if not I will take a step back and learn the necessary skills to continue.
I started of by learning the basics of using the Binance API – how to install it, import the proper libraries, how to get historical data, how to stream data, how to place market orders, limit orders, stop losses and so on.
It also served as a good refresher for using jupiter notebooks and pandas.
After learning the basics i started playing around with what i learned to build a simple trading bot with an interesting library that I found online. With TA_handler I am able to scrape 26 current indicators from tradingview and also get information if it is a buy signal, sell signal or it is neutral. This is a pretty powerful tool for what I am trying to build.
So far I am putting together a bot that will run every 30 seconds and check the indicators on multiple currencies on 4 different timeframes, and if the signal on all 4 timeframes is buy or strong buy it will open a position.
It will also set a stop loss at 0.5% bellow the price at which it was bought and set a sell limit 0.5% above.
This is a very simple strategy that might end up being a bit profitable, but the purpose of it right now is for me to get a handle of how the Binance API works.
There is still a lot of work to be done to make this work exactly how I envisioned it.
THIS PROJECT IS NOT YET FINISHED