How To Build an Intraday MACD Cryptocurrency Live Trading Bot with Python using the Binance API
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- Опубликовано: 9 июн 2024
- This video is implementing a simple MACD trading strategy on live cryptocurrency data programmed in Python via the Binance API. As always with these bots I am not simulating anything but use real money trades.
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/ @algovibes
Interested in more content on cryptocurrency bots? Let me know what you would be interested in the comments below and be sure to subscribe! Thanks :-)
Set up Binance API video:
• Introduction To Automa...
MACD indicator explained and coded from scratch:
• Algorithmic Trading in...
Mentioned video discussing Intraday strategies based on technical indicators:
• How To Build a Cryptoc...
If you want to support me you can register for Binance with this link:
www.binance.com/en/register?r...
Check out my other crypto bots in this playlist:
• Cryptocurrency Bots / ...
If the shown exception approach doesn't work out for you please check the answers in this thread:
stackoverflow.com/questions/5...
Disclaimer: This video is not an investment advice and is for educational and entertainment purposes only! Cryptocurrency and automated trading is bearing a high amount of risk which might result in a total loss of your invested capital.
00:00 - 01:31 Introduction
01:38 - 02:25 Libraries and connecting to Binance
02:25 - 06:46 Pulling data / data manipulations
06:46 - 13:42 Coding the MACD trading strategy
13:42 - 14:52 Initiating the bot
14:52 - 15:52 Fixing the connection timeout (apologies)
15:52 - 17:07 Executed trades / Discussing the strategy
#Python #Tradingbot #Crypto #Binance
Well well well my friend, not only it’s a great explanation, also the code that you wrote was very clear until the last line! Congratulations, and keep like this!! Sincererelly, your fan! 😎👍💪👌
Thanks a lot buddy :-) Happy to have you on board!
Another Great Video sir
Thank you my friend!
Got a like for your comment about compensating for your losses! XD
😛
Great many thanks for the great video. As a suggestion it could be great if could have a video on a bot trading based on mixed andicators, namely the SSE hybrid and QQE.
Thanks for watching :-) Did you check out this one here:
ruclips.net/video/X50-c54BWV8/видео.html
?
Might be interesting for you. Anyhow: Thanks a lot for the suggestion!
Thanks for sharing
Thanks for watching buddy :-)
thank you so muchhh
Thanks for watching buddy :-)
Excelent video, thanks.
Just wondering if a strategy based on trading volumes would be more accurate for cryptos, given for currencies its normaly more correlated with price moves.
Cheers
Interesting question! I actually thought of integrating volume in one of my future cryptobot vids. Thanks for your kind words btw :-)
Fetching new bars for 2021-08-18T15:12:50.044487
Profit percentage of the MACD strategy for BNB : 50.95 % | backtest time: 3 months ago UTC | interval:1h
Positive: 34 Negative: 52
Fetching new bars for 2021-08-18T16:04:50.011641
Profit percentage of the MACD strategy for REEF : -94.38 % | backtest time: 6 months ago UTC | interval:1h
Positive: 60 Negative: 121
Interesting! Thanks for sharing buddy
amazing , straight forward approach , well done , sir , could we scan markets for different assets (loop through symbols ) that match the criteria(macd) instead of defining one symbol , this will be practical intraday approach , thank you
Thanks for your kind comment :-)
I am actually planning on something like that in the upcoming months! I already did something similar for stocks (Recommender system series). Thanks for your suggestion!
Thank you.
Thank YOU 😊
Thanks!
Thanks a lot buddy for using the Super Thanks feature. BTW I have some other bots in my cryptobot playlist. Be kindly invited to check them out :-)
hi bro. i have an error that like Account has insufficient balance for requested action but before the error the bot buy tokens can u help me please?
great tutorials, love all of them. Is it possible to place an order with binance API using amount I want to spend when buying instead of quantity?
Hi buddy, thanks a lot :-)
Not quite sure if directly with the order execution but you can do that by pulling the current price, calculate the quantity you can afford with a set capital and than just place the quantity as an order.
Yes with simple formula quantity = amount/currentPrice
I think there is a problem with the script. For example, if you are already starting with open position, then the code will never reach it because it is stuck in a while loop on the first line. It will only get out of that loop when open_position is false and buy condition is met. if I am not mistaken, wouldn't it better to check for the position before the while loop? like you do when the open_position is true. Please advise. Heck, since you already have a while loop going in the main script, is there really a need to have it in the tradingstrat function?
Great video! Very informative. I am just wondering if there is a way of having the trade quantity (qty) as 100% of your funds/balance? With the current setup, if a buy order is triggered, then the price falls quickly; an APIError code 2010 insufficient balance is displayed.
Thanks a lot mate. You got to set the commission asset to BNB. With that you are avoiding this error.
@@Algovibes Thank you. Very helpful
Hi, thanks for the video. Do you know why the values for macd differs from the ones in tradingview? im looking the same invterval of time, and the same source "Binance". The further I get away in time the more it differs.
Hi man, thx for watching. Probably another indicator setting? Did you check for the same timeframe? Do you have an example?
Don't know why but values on tradingview are slightly different than values from binance when you look on small intervals.
How can I go about backtesting this strategy that I have modified with a TP and SL? Im really confused on were to start with the backtesting. I have watched your other videos as well.
Gonna cover Crypto Backtesting more detailed in the upcoming months. Until then I have a bunch of video on Backtesting trading strategies. Be invited to check out the Python for Finance playlist.
Thanks mate, would you please show some examples for Webhook using Python. Much appreciated Thank!
Welcome! I have covered that in the cryptobot playlist. Be invited to check the videos out.
Great content !! Can we have your notebooks please ?
Hi, thanks for your comment :-)
Planning on a website where I publish the code. Won't be in the near future but probably within this year.
Made a strategy that’s not profitable. Nice
I am just a beginner in the topic but, I was wondering how many api calls are being done with this method? it seems that some of them are unnecessary since we are pulling 1min kandles and we are going to be doing api calls during that period of time. Likewise, would not be more suitable to use a stream of data instead of http requests? thank you very much for the video! :D
Hi Jordi,
yes that's a very good point! Please check out the other videos in the cryptobot playlist. I am showing how to work with websockets instead of api calls and much more stuff. This is just an example with simplifying assumptions.
noob question, the jupyter notebook says "No module named binance". Should we install the library throug pip install on our computer for it to work ? I'm on the web version.
Yes. You need to set it up first. I have covered it here:
ruclips.net/video/_IV1qfSPPwI/видео.html
It's a very good and excellent video, very informative. ,i want to see how to make a bot to trade binance future usd -m
Thank you mate. Appreciate your comment. Futures are on my list. Probably somewhen the next months.
hello, newbie from Hong Kong, i wanna ask if we should verify the last MACD DIFF is calculated from the kline that is closed?
As i compare my order execution with the data from the Binance web, the MACD crossing time is different from this script. That's why i wanna see if we should be so
Hi man, that's awesome. Been to Hong Kong once! It was super interesting.
You have an actual good point here. The last row of the historical data frame is pulling recent prices and CAN be NOT the closed candle.
When you are working with a stream you can actually check if the candle is closed. I am working with streams in my newer videos.
@@Algovibes Hi, so, what should we do to get the data from the close of the candle?
@@Algovibes instead of the current price?
Dear AlgoVibes , request a series where you create a robust backtesting system (code along) in Python , something that we can put on our resume as a data science project / quant project !
Those that agree 👍🏽 the post
Thanks for the suggestion! Its not on my list for near future content but I am planning on some more backtesting stuff in general for sure in the upcoming months.
@@Algovibes A backtesting framework that's allows switching of timeframes would be good , also taking into account things such as latency, slippage , spread etc... In the backtest.
How should we change the code to using 1 hour macd data? By the way thanks for the guide :)
Hi man, thanks a lot for watching. For resample the time index please watch this one here: ruclips.net/video/HB1CLz0Z1NY/видео.html
not like I am a trader or programmer, but are you sure you do not want buy/sell at the MACD_diff min and max values? Why 0?
Might be possible as well. I just took the cross of the two lines.
to get trade more profitable we need to check MACD line crossing above to signal line crossover on negative values.
also sell when we need to check MACD line crossing bellow to signal line on positive values
Not quite sure if I got this. Could you elaborate? Thanks in advance!
@@Algovibes macd value and signal value should be negative when macd is going above signal line ie (macd.diff positive). And MACD and signal should be positive at time of cross over (MACD.diff is Negative)
@@Algovibes maybe you can extend the strategy to a for loop and apply this additional strategy: ruclips.net/video/Yj0yEBxwLVw/видео.html
now I use for the open position:
open_position = client.get_asset_balance(symbol[:3])
open_position = float(open_position['free'])
open_position = bool(open_position)
open_position
@@bas18872 I watched that video, but still I am beginning. Would you mind give us full script, thank in advance.
Please make robot on rsi indicator which work on binance exchange just like when rsi 14 is on level 30 its open a buy (long) trade and when rsi 14 hits level 70 its open a sell trade ??
Hi mate, thanks for your suggestion! :-)
Planning on a RSI strategy but I probably wanna combine the RSI with another indicator as I doubt this would be profitable. But worth a try for sure!
@@Algovibes ok thank you
AttributeError: module 'talib' has no attribute 'trend how to fix ? plz
I am working with ta here not talib. That's the problem. Use ta and it will be fine.
Hi. Need help. My binance api connection keeps getting disconnected
Can you elaborate when this is happening and what errors are occurring?
why are u using jhub? for the use of pandas?
Can you elaborate on your question? Thx a lot
hey bro can cover the ema strategy aswell
Hi mate, can you elaborate what you would like to see?
@@Algovibes brother I am working on a bot that takes data and gives buying signal when 9ema crosses 18 and sells for vice versa
Maybe it's because you are trading eth, but why is it that you don't need to set the amount oc decimals or worry about the lotsize when placing an order, I'm have problems with these. A specially when trading lower priced assets. Like xmr or TRX.
Addressed it here:
ruclips.net/video/mDNIAkEZChg/видео.html
@@Algovibes thank you, i did manage to get the issue sorted. Funny that i missed it in your video, kind of feel i watched em pretty thoroughly. Really like your channel.
Does this script make profit or rather loss?
Without having backtested it my guess is it would rather result in a loss. It is just an example how the MACD can be applied.
Check out my newest cryptobot, I played around with combining some indicators (which doesn't mean that this is a guaranteed win):
ruclips.net/video/X50-c54BWV8/видео.html
How much does it makes on an average of 100 dollars n time period of the profit?
Probably negative profits. It is just a MACD strategy based on the most recent time steps. Don't see this as a valid strategy. It is just to show how you could implement technicals in a bot.
Can we short sell crypto using trading bots?
Yes. You would need to trade futures/Options OR DOWN coins to achieve that.
Any codesource link, please
Not yet
Sir Bitmex api please
I need the cryptocurrencies that were high this month, can you help me?
You mean cryptos which have risen the most in the current month?
Please make video bot trading only rsi
Only RSI? Where would you see the advantage? I have videos where I am incorporating the RSI along with other indicators - be kindly invited to check out my cryptobot playlist.
wolyume
Sounds right to me :D
@@Algovibes hahaha of course it does...
bro can u provide email id = i want to coonect with you wanted to dicuss about stratergy.
Go ahead! How can I help you with?
@@Algovibes plz provide ur email id
How to contact you for a coding service, thanks
Hi antonio,
you can contact me over the mail in the about section. I am curently not doing any one on one consulting tho.