Backtesting, Strategy Implementation, Execution, and Job Scheduler are all aspects that most trading bots have in common. Let’s look more closely:
1# Backtesting
You must backtest your bots against previous market data before making any transactions with them. Make certain that your backtest is as realistic as feasible. You can do so by factoring in latency, slippage, and trading fees.
2# Strategy Implementation
It’s vital to plan out your bot’s trading strategy ahead of time. You define the logic and computations that will enable your bot to decide when and what to trade in this step. After you’ve created the approach, you’ll need to backtest it to see how well it works. In a moment, we’ll talk about the tactics you can use.
3# Execution
So you’ve done some backtesting on your strategy?
The next stage is to put it into action in real time. The logic you’ve hardcoded into the bot will be transformed into API calls that the exchange can comprehend at this point. Some bots may have even let you to practice your technique with phony money in real time.
4# Job Scheduler
It’s time to automate the entire process now that you’ve hard-coded the methods and tested them in the actual world. To execute your trading techniques automatically, you’ll need to set up a job scheduler.
Conclusion
Do you think you can create a cryptocurrency trading bot? Start selling your own bot on a platform like RoboFi. Cryptocurrency trading bots can be really beneficial in terms of allowing people to benefit from their investment.
RoboFi
RoboFi is a Defi platform that offers a marketplace for revolutionary Dao crypto trading bots with IBO (Initial Bots Offering) to maximize earning opportunities in easy, simple, and secure way.
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