The Crypto Trading Bot Guide
▻https://hackernoon.com/the-crypto-trading-bot-guide-836924dab129?source=rss----3a8144eabfe3---4
Simply put, a trading bot is a set of instructions that execute trades automatically without the need for human intervention.A trading bot has a few major components regardless of language & framework used.BacktestingRunning an algorithmic trading strategy blind is the best way to lose all your money. To see if your strategy works, you must backtest it against historical market data.Collecting this high-quality, tick-by-tick data is usually done by tapping into exchange APIs. CCXT is a great library that enables you to interface with a bunch of exchanges in the same manner.In order to simulate a realistic backtest, you should take into consideration latency, slippage, and trading fees.Usually, you can retrieve historical price data, but you cannot retrieve historical order books. (...)
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