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24412010 No.24412010 [Reply] [Original]

Hey guys I was thinking about setting up scripts to automate trading or analising the market as a side project using an API such as the one from Binance or Coinbase Pro. Anyone wants to share or discuss any experiences/recommendations about this? Python would probably be my language of choice

>> No.24412084
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24412084

>>24412010
>analising

>> No.24412213

>>24412084
kek I had to make the shittiest typo

>> No.24413262

It could take a year to figure out a strategy and fix bugs in your code. Just letting you know.

>> No.24413322

>>24412010
This has never been attempted, mastered and perfected before this moment OP. You are truly onto something

>> No.24413376

People claim to have done this. one tip, just because your algo works on historical data does not mean it'll be profitable in real-time. Don't fall for that trap, and be ready to continually improve it for months.

>> No.24413618

>>24413262
I know it won't be done in a week, that's why I'm asking if anyone wants to share anything so maybe I can start on the right path

>>24413322
Yeah I know this isn't anything new. It's a learning experience and I don't intend on making money right off

>>24413376
Sure, I'll try it first on historical data but I know nothing's guaranteed. Also I don't intend of going for microtrades as I know a regular user can't compete in that regard

>> No.24413764

Just use Machine Learning algos. Their main use is detecting patterns

>> No.24413902

>>24413376
The main trap is thinking that an order will be filled instantly like it can in simulations...
You will need to account for a delay in order placements.

>> No.24413947

I just sell everything on Sunday and buy back on Monday morning when Euros are dumping.
Works every single time.

>> No.24414015

I have been working on this too for a few months now, it is both easier and harder than expected.

Setting up the framework for receiving, storing and processing data is easy and so is handling orders.
But it gets tricky around actually producing a working strategy that doesn't act unexpectedly bad.

>> No.24414069

>>24412010
how old are you? Charlie is that you? you're about 50 years late there lad. actually no you know what you do your best champ I'm a rootin for ya!

>> No.24414208

>>24413902
This is interesting, thanks

>>24414015
Do you mind telling what APIs/ frameworks you're using? Also yeah for the strategy I've look up some stuff from Information Theory to get started, I'm also versed in ML but I'm not sold on basing the strategy on it

>> No.24414366

>>24412010
I'm making one in NodeJS, I expect to have something working in about 6 months.

>> No.24414537

>>24412010
>t. gib me some magic python script to become billionaire automagically plz sir plz

>> No.24414762

Also, I'm a computer science engineer, but know nothing about algo trading strategies. Can someone recommend me a book on how to make good strategies?

>> No.24414898

>>24414537
Retard I'm not asking for anything besides advice and discussion. I know people rightfully won't share their money-making tools (I wouldn't either), but I've seen some people in here that actually like to contribute and discuss topics. Also everyone can learn from other people's struggle

>>24414762
If you know about information theory there's an interesting chapter on it applied to the market in
"elements of information theory" by Thomas M. Cover. I'd also like to hear other anon's suggestions though