Building a market making strategy using Hummingbot - Part 1

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  • Опубликовано: 11 сен 2024

Комментарии • 31

  • @jaycalvin3783
    @jaycalvin3783 4 года назад +2

    Great video, looking forward to the next one :)

    • @jaycalvin3783
      @jaycalvin3783 3 года назад

      @Stefan Ayaan No way dude it dit?!
      Go scam somewhere else idiots.
      Don't fall for this bullsh..

  • @Christian_Ky
    @Christian_Ky 3 года назад +2

    How we can say "take profit when" ... ? and stop loss or trailing?
    Thanks for the Video!

  • @ronpoletti4401
    @ronpoletti4401 4 года назад +5

    Thanks much. I have a question about basis points. I believe basis points are 0.01 % increments. Mike calculates 43 basis points at 18:38mins. Are basis points also 1 dollar increments? Is this because the price of bitcoin is ~ 10,000 dollars? 1/10000 = 0.0001 = 0.01%?

    • @Yovry
      @Yovry 2 года назад

      Oh shit... 10k for bitcoin? I wish I bought at that price lol

  • @thrivingproject1920
    @thrivingproject1920 2 года назад +1

    Hi, I also have a question about the basis points parameter, because I understand bips to be something different. In the morning, you selected the candle at 2020-06-23 02:00:00 which has a high of 9621.73 and a low of 9577.43, a difference of 44 points, but since you entered 42, I'll refer to that number. Now shouldn't the bid_spread and ask_spread each be 42.0, because a spread of 0.42 would imply a spread of 42 cents, yet you are trying to capitalize on a spread of 42 dollars, i.e. 42.0?

  • @simplyselling
    @simplyselling 2 года назад +1

    I recently made the leap forward and invested into crypto with Ndax. Using a bot seems very interesting. Question: Is it possible to build a bot that buys when it drops to a certain percentage, then closes and waits to buy when it reaches a percentage?

    • @Hummingbot
      @Hummingbot  2 года назад

      We hope it all work out for you! Make sure to hear community insights in #traderchat channel in our discord community channel! 🦅 discord.gg/5WNdSUCX

  • @marvsebio803
    @marvsebio803 2 года назад +1

    Hi I have a question.
    What do you need to connect Hummingbot to an exchange?
    does the items below applies?
    Cryptocurrency assets
    Crypto miner GPU
    Verified account on the exchange
    API keys
    SSH Public key

    • @Hummingbot
      @Hummingbot  2 года назад

      Some of these are needed. For more information, please refer to our documentation page.
      docs.hummingbot.io

  • @william1000
    @william1000 2 года назад +1

    Hi Mike great stuff. Is there a way to backtest?

    • @Hummingbot
      @Hummingbot  2 года назад

      Make sure to join #traderchat channel in the discord community of hummingbot to hear the latest news and updates about hummingbot! ⭐️

  • @lz2k2009
    @lz2k2009 3 года назад +1

    Hi, Mike this is great video! I have a basic question. Is it possible to run multiple strategies in bot? or one bot can only run one strategy?

    • @KRINOP123
      @KRINOP123 3 года назад

      You can run the file more than once

  • @Cyb3r33
    @Cyb3r33 3 года назад +1

    Hey! Thanks a lot for the content. I was wondering - can this bot be integrated into smaller crypto exchanges such as Bitmart or Coinsuper? And if not, could you perhaps point me in the right direction where I could find a similar solution for these exchanges? Thanks a lot!

    • @jonan2199
      @jonan2199 3 года назад +1

      Did you find anything supporting these smaller centralized exchanges? thanks a lot :)

    • @Cyb3r33
      @Cyb3r33 3 года назад +3

      @@jonan2199 Yes I have found a dev and hired him to build connectors

  • @TheVd101
    @TheVd101 4 года назад +1

    Is it possible to implement a custom strategy within HummingBot? One that uses the infrastructure available but using custom-written script?

    • @Hummingbot
      @Hummingbot  4 года назад +3

      Yes, you can check out here: docs.hummingbot.io/developers/ For more supports, you can join our Discord: discord.hummingbot.io

    • @mattharris8203
      @mattharris8203 3 года назад +1

      @@Hummingbot do you need python programmers? would love to contribute to your project :)

  • @KendrickCreates
    @KendrickCreates 3 года назад

    8:41 wouldn't that be 1500 basis points? 15 bips would be xxxx.15. Also, I think it's strange we don't refer to that as pips since this trades more like FX than equity.

  • @Galturok
    @Galturok 4 года назад +3

    Please take the time to make a UI. This command line stuff is complex.

    • @Ibe.chukwudi
      @Ibe.chukwudi 4 года назад +2

      Simple GUI will be nice

    • @michadabrowski9397
      @michadabrowski9397 4 года назад +18

      I think that UI it's not a priority now. It's better to make a great bot and code first and polish this baby later. Keep It Up Guys!

    • @theophiluschambers3628
      @theophiluschambers3628 4 года назад +7

      lol !! this is a UI!

    • @BastienVide
      @BastienVide 4 года назад +3

      @@theophiluschambers3628 And this is a pretty neat one, compared to other products

    • @doopsietootsie1698
      @doopsietootsie1698 3 года назад +4

      UI takes time to do it correctly, and UI based on terminal is more reliable

  • @buttpub
    @buttpub 3 года назад

    but isnt the point to get more coins, which this bot actually does if set up correctly. Highly recommended with 3-5 days of autism for tweaks required