RoboFi: The Foundations of A Crypto Trading Bot

RoboFi: The Foundations of A Crypto Trading Bot

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.


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