I am going to share updates about the trading bots I have designed and which are in working process. As I said I am working on some bots and connecting them with the Binance API for testing. Some bots are working while some were failed because of wrong commanding. Making bots is a good and interesting task but it takes a lot of time.
Time in the sense that when one command becomes wrong, Python gives an error and then I have to search that command so I can correct it again. Doing this again and again takes a lot of time until the bots become ready.
Until now we have made two trading bots. I want to make one more bot and link it with #hive-engine. Maybe this is not possible but if someone can guide me about this, it will help. If this bot connects with hive-engine my work will become very easy.
I am continuously trading tokens in #hive-engine. Right now my hot trading tokens are #helios, #hive, #HBD, #Colony, and #Leo. I am trying to stay invested in these tokens and also trade them so their quantity can increase. A kind of long term investment and also way to earn passive income.
Doing this manually becomes a little difficult and it requires watching the market. But watching the market needs time and a person cannot watch the market the whole day. That is why using a bot becomes very necessary.
My strategy is very simple. I will make a bot and give instructions like this whenever any tokens RSI reaches 70, sell 50% of that token. And if another tokens RSI is at 30, buy that token. The same 50% that was sold from the first token will be invested into the second token.
Then again when the first tokens RSI comes to 30 and the second tokens RSI reaches 70, sell back and buy the first token again. In this way I will stay invested all the time and my token quantity will also keep increasing.
Earlier I worked on two bots. one is working and the second is under process. The working bot does this that at one time it will take 30 coins into trade. 15 coins long and 15 coins short. It creates an index trading environment where I can sell coins individually or close the whole index.
Similarly in the working bot, #HIVE and #STEEM trading will continue because their price movement is almost the same so small trades keep happening. And in the third bot the work is to make token trading automatic.
I am confused whether a bot can link with #hive-engine or not as the same way it links with the Binance API. Trading through a bot becomes very easy, its accuracy is best, it saves time and there is no need to watch the market.
I want #Colony, #Helios, #Leo, #Script, #HBD to keep trading and converting among each other and I want to use a bot for this. I hope I will be successful in this project.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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