Hi to you all! New user here!
Pretty much a newbie in trading, just a year o so, just know the basic stuff. But i have some tech/programming knowledge.
In this year i succesfully developed a working trading bot (operating currently on ByBit's testnet with Perpetual USDT contracts, why? low fees. But i can easily shift from here to any exchange/broker that has a similar API).
How it works? Pretty simple:
1) I have to set a TP/SL (i use mostly 1% with 1:1 ratio or 1%TP and 0.5%, maybe too little? giving crypto volatility) and a timeframe (mainly 1 or 5 minutes). And i only use the 50 pairs that have more volume in the last 24hs (trying to solve the problem that i describe later).
2) I monitor the market and simulate buys (not short operations yet) giving a indicator (o indicators combination: RSI, SMA, DEMA, BBands, MACD, STOCH, TradingView Opinion, Candle Patters) and save a structure that giving a strategy (combination of Technical Indicators) returns the % of operations that would come right (giving the initials TP/SL).
3) In the "real" part of the bot, i also monitor the same market, and when i come upon one of those combinations that have a possibility > desired i enter the operation.
One of the problems that im facing:
Slippage, sometimes the SL executes at a lower (some times REALLY lower) price that the one that i set. Could it be that some bybits issue? Or that some pairs have a lack of liquidity? Thats why i only use the ones with more volume.
Now, is there any fatal error that im doing and not seeing?:
What i can do to improve the work? Is there any fault that any of you (from what i've read there are tone of REALLY experienced people here!) and im not seeing it? (Remember, pretty newbie on some stuff here, you can talk to me as a golden retreiver).
Thank you and have a nice one!
Pretty much a newbie in trading, just a year o so, just know the basic stuff. But i have some tech/programming knowledge.
In this year i succesfully developed a working trading bot (operating currently on ByBit's testnet with Perpetual USDT contracts, why? low fees. But i can easily shift from here to any exchange/broker that has a similar API).
How it works? Pretty simple:
1) I have to set a TP/SL (i use mostly 1% with 1:1 ratio or 1%TP and 0.5%, maybe too little? giving crypto volatility) and a timeframe (mainly 1 or 5 minutes). And i only use the 50 pairs that have more volume in the last 24hs (trying to solve the problem that i describe later).
2) I monitor the market and simulate buys (not short operations yet) giving a indicator (o indicators combination: RSI, SMA, DEMA, BBands, MACD, STOCH, TradingView Opinion, Candle Patters) and save a structure that giving a strategy (combination of Technical Indicators) returns the % of operations that would come right (giving the initials TP/SL).
3) In the "real" part of the bot, i also monitor the same market, and when i come upon one of those combinations that have a possibility > desired i enter the operation.
One of the problems that im facing:
Slippage, sometimes the SL executes at a lower (some times REALLY lower) price that the one that i set. Could it be that some bybits issue? Or that some pairs have a lack of liquidity? Thats why i only use the ones with more volume.
Now, is there any fatal error that im doing and not seeing?:
What i can do to improve the work? Is there any fault that any of you (from what i've read there are tone of REALLY experienced people here!) and im not seeing it? (Remember, pretty newbie on some stuff here, you can talk to me as a golden retreiver).
Thank you and have a nice one!
