High Frequency Cryptocurrency Trading
I’ve been dabblings with cryptocurrencies for a little while now. I had originally traded in Bitcoin (BTC), Ethereum (ETH), ZCash (ZEC) and Ripple (XRP). Until recently it had been just a few trades here and there and leave it to hopefully increase in value.
I recently decided to look into high frequency cryptocurrency trading and ended up setting up freqtrade, a bot written in python that will use real time data to make trades on Bitrex on my behalf. I forked the code and made some tweaks to suit my situation and then let it run. The application connects with Telegram to give me real time updates for trades it is making while also allowing me to manually make some decisions or stop the bot. I have had the bot running for about a month and in that time the bot has performed fairly well. Unfortunately it is still lacking some pump and dump detection which is currently a big problem in cryptocurrency trading. As I do not have a financial background I need to start researching how to pick up on those signals and hopefully I can build the basic detection in.