Short Binance Coin BNB With Stop Orders = Live Algo Trading Monitor
1 year ago
Wrapped Bitcoin
331Weergaven
Newest Code Change*
Stop orders are now an independent script vs. previous being tied into the opening sell order script.
Buy stop script dies if position is ever Buy side and sell script will work position back short by prohibited buy orders until surplus resolved.
buy stop script every 1 minute
sell script every 2 minutes
always need to remember market can pop 5% against at any given moment, stops addition was a must.
Stops qty are based on the position size + any outstanding new orders below the current stop price.
If no stop order exists on a position, it enters a new stop with a random trailing and entry price plus random number initial price.
Order delete at 2 hours
Stop Market Orders being used at same random interval as new limit SELL orders
Trading System Current Rules Roughly-
- new sell orders every 2 minutes if available equity for it
-new buy orders every two minutes if position is greater than 100
-cancel all orders every top of hour
-order prices are current price +/- a random variable inside 3000-40000 or so (changes)
Binance will probably go bust like all the other crypto firms, so this algo sells BNB coin every minute or so depending on live code deployments, and randomly sends a BUY order to reduce the position by a small amount.
Protocols that have fixed supply figures experience enough volatility on their own, let alone do they need volatility for unpredictable quantities of supply. When we hear exchanges talk about collateral, I start to get hesitant almost. Why would we want to take any exchanges word on value of crypto tokens when the majority of these tokens have protocols that have supply figures that are unpredictable, and often have no underlying value at all, yet are marked as multi million dollar valuations?
This is essentially why I have taken the short approach on Binance coin. This is not trading advice, it is simply testing of a php and REST based algo running on top of an exchange that I have no idea about their exposure to any of these volatile coins, but I spent hours writing the code so it may as well be tested in an empirical and documented for educational purposes to anyone interested in writing algo based trading systems. In general, it is very difficult and requires extreme precision on risk management, which is a skill that is most difficult to accumulate as it requires razor thin focus on entry and exit points, on a consistently applied set of data. Any ignorance of risk can destroy value instantly, especially even more dangerous when using margin. It has been extremely difficult, and this is educational for the public, and also myself should I need to review how a system had performed in certain conditions.
Regards