My first #crypto#algotrades after two weeks of coding. i share experience so far in this thread.
I use #binance api for history and order placement.
It was far better than our local apis available. Speedy, clean and most important it is free.
We can also short coins in binance using futures segment.
The average leverage given was 100x. Though they give more leverage, i dont use any for my benefit. I dont want to blow up my account.
It was a 24/7 market. It took more effort to code for that. Since it was new to me. I needed to take care of all start/restart/resume logic for that. It was new experience altogether.
My code trend following modes works here as well. However it was tough since I never used TSL but it has EOD at all. So I am using bucket concept where I keep coin for some fixed time after that I will rank to exit or keep it for more time.
I needed to use wide stops and risk per trade is 1%.
Max coins at a time is 4
I know how crazy alt points pump/dump in 2017. I want to capture those move going forward as BTC went up but other coins are still has lot of room.
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Input: F&O stocks
Interval: 5 mins
Var: price & volume for each stocks
2/n
Max stocks traded per day : 5
Max risk per day: 3%
Ex: for 5L cap, each stokc will be allocated 1Lac captial
Risk per stock: 3% of 1Lac = 3k
3/n
Stock selection:
Do below stock for every 5 mins:
Start time 10:10 am
End time: 11: am
Min per: should be >=3%
It can be long or short
Turnover of the day(vol*price) should be in top 20 List on the given time.
Last 15 mins perChange>=days PerChange*0.015
4/n
If not learn below python topics online,
Basics/syntax
Data processing
Data storage
For if loops
Api calls
1/n
Do u have working manual strategy?
If not , learn to setup strategy using online,
Like entry,exit, SL, target.
There r n number of sources avail online to learn strategies. Pick one which suite u. 2/n
Do u money management and position sizing, winning losing streaks.
If not, learn that system trading concepts before coding.
3/n