I have been working on automating some of my trading. for this i have used binance platform API to be coded with python programming. idea is simple i create allocate funds for trades and setup trades. here is an example.
BTC 45k - buy $10 worth of btc.
BTC 44k - buy $10 worth of btc.
BTC 43k - buy $10 worth of btc.
BTC 42k - buy $10 worth of btc.
BTC 41k - buy $10 worth of btc.
BTC 45k - buy $20 worth of btc.
BTC 35k - buy $30 worth of btc.
BTC 30k - buy $30 worth of btc.
BTC 46k - Sell $10 worth of btc
BTC 47k - Sell $10 worth of btc
BTC 48k - Sell $10 worth of btc
BTC 49k - Sell $10 worth of btc
BTC 50k - Sell $20 worth of btc
BTC 55k - Sell $30 worth of btc
BTC 60k - Sell $30 worth of btc
that can be achieved without bot as well. the use of bot here is that it will place a sell order as soon as buy is executed, so this way if the price keeps moving between 30-60k range my orders will keep getting hit.
i can also put orders and tell the bot to just buy at current level and once executed put sale order 200 above. define the budgets and then improve.
its in early stages but i will be talking about it often in this blog. if you have any ideas for trading please share and i will be happy to discuss those.
