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    [Daily Discussion] - Sunday, May 09, 2021 Bitcoin Markets

    [Daily Discussion] - Sunday, May 09, 2021 Bitcoin Markets


    [Daily Discussion] - Sunday, May 09, 2021

    Posted: 08 May 2021 09:00 PM PDT

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    I have yet another crypto trading algorithm for you guys. This one is able to analyse how volatile every coin on Binance is and place a trade when during a strong bullish movement

    Posted: 09 May 2021 08:55 AM PDT

    Had a lot of fun with with one, and I'm happy to share the code with you guys.

    So the algorithm is essentially listening to price changes in the last 5 minutes for all the coins on Binance. Once it detects that some coins have moved by more than 3% in the last 5 minutes, it takes this as a strong bullish signal and places a trade.

    The algo is also able to store each bought coin in a local file and to track the performance of each trade placed so that it can perform stop loss and take profit actions and sell the coins that reach those thresholds.

    Here's a more in-depth look at the bot parameters:

    • By default we're only picking USDT pairs
    • We're excluding Margin (like BTCDOWNUSDT) and Fiat pairs
    • The bot checks if the any coin has gone up by more than 3% in the last 5 minutes
    • The bot will buy 100 USDT of the most volatile coins on Binance
    • The bot will sell at 6% profit or 3% stop loss

    Anyway, here's the source code if you're comfortable with Python:

    https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot

    In case you need more guidance but would like to try the bot out, I wrote step-by-step guide as well

    https://www.cryptomaton.org/2021/05/08/how-to-code-a-binance-trading-bot-that-detects-the-most-volatile-coins-on-binance/

    Any feedback or ideas how to improve it are welcome! :)

    submitted by /u/CyberPunkMetalHead
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    Trading crypto futures in Washington State ---- any options besides Binance US?

    Posted: 08 May 2021 06:49 PM PDT

    Kraken doesn't allow users from WA, and I can't get approved for Binance because their identity verification requires my address to match the one on my document. I've been waiting for a response from their support team for months.

    Are there exchanges that would allow me to long and short crypto? Tired of spot holding.

    submitted by /u/upbeatiron22
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