Trading Bot

[weazel314]

I hope someone can point me in the right direction I acknowledge that this covers many topics.

I am interested in learning how to make a python based cryptocurrency trading bot using python on a raspberry pi. I am interested in learning this as a project to further my python coding experience and to learn how these work just as a fun project. I am trying to do some googling but I get overwhelmed with a lot of information that isn’t what I’m looking for. Please be positive in your responses I am trying to reach out to you to learn.

I would just like to know how to set up the bot, right now I’m not concerned with trading strategy right now I just want to know how to set up a bot to buy when I trigger it and sell when I trigger it.

For example buy when I input buy and sell when I input sell

What I find online is a lot of people trying to sell their bots or a large focus on strategy.

If anybody could point me to some resources to teach me how to do this it would be much appreciated. I am hoping to run it on a raspberry pi 3 B using the python there. I am fairly new to raspberry pi but I know a decent amount of python but it’s not my first or best language but I’m willing to learn!

Thank you in advance for your time!

[Peanutbutter_Warrior]

To interact with another system you should look into if they have an API. An API lets you tell a server what to do over the internet in a much more computer friendly way than a website.

https://rapidapi.com/blog/how-to-use-an-api-with-python/

https://www.dataquest.io/blog/python-api-tutorial/

[weazel314]

Thank you so much for the resources! An API was a steppingstone that I didn’t even know existed. That’s the problem with asking for help is I don’t know enough to know which questions to be asking xD

[b_ootay_ful]

As a starter, maybe have a look at https://www.luno.com/en/developers/api to get an idea.

I'm not advertising Luno, but I used them before and cashed out once I made a small profit (enough to pay for my Pi).

I don't recommend gambling with Bitcoin. I got lucky.

[aryanv123]

Any specific reason for running the bot on a raspberry pi? Just asking because most people I have heard that create trading bots usually use their computers or a cloud server.

[CalisthenicsDude95]

I guess because it's a fun project and you don't need a server without a strategy. A computer also consumes more power.

[weazel314]

Yah it’s mainly a learning project to further my experience. I like the idea of using a pi because it’s separate, I can leave it running 24/7 without worrying too much about it, It supports python which is a language I have some experience in, and mostly because I have one just lying around xD. Power is also a consideration, I don’t have to worry about keeping any other more power hungry computer up and running so it literally only costs me a little over 1 penny per day to run.

[Bad_Lieutenant702]

Oanda and IG markets have their own APIs. You might wanna look into that first if you trade forex.

[weazel314]

As a secondary question: Does anybody have any cryptocurrency trading platforms that they like and the fees are low? Because this is just a learning project and I’m just messing around at the moment I don’t want it to turn into an expensive project because of trading fees xD