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Creating a Profitable Cryptocurrency Trading Bot Using ChatGPT

Paano Gumawa Ng Crypto Trading Bot for Binance Futures?

In this tutorial, we delve into the creation of a cryptocurrency trading bot using ChatGPT. Building upon the previous video, we explore how to develop a profitable trading strategy and automate trades on the Binance exchange. The tutorial emphasizes simplicity, using Python and Visual Studio Code for implementation.

While the instructions cater specifically to Windows users, the principles can be adapted for other operating systems. With the help of ChatGPT as a personal assistant, even those without extensive programming knowledge can construct a functional trading bot. However, it’s important to note that the tutorial focuses on testing rather than live trading. By removing emotions from the equation and ensuring swift execution, a trading bot offers advantages for systematic and efficient trading. The tutorial concludes with a demonstration of the bot’s functionality and encourages further exploration to refine and expand its capabilities.

Here’s the pinescript code for tradingview:

//@version=4
strategy("Moving Average Colored EMA/SMA", shorttitle="Colored EMA /SMA", overlay=true)

len = input(30, minval=1, title="ema Length")
src = close
emaVal = ema(src, len)

len2 = input(10, minval=1, title="sma Length")
src2 = close
smaVal = sma(src2, len2)

if crossover(emaVal, smaVal)
    strategy.entry("Buy", strategy.long)
    
if crossunder(emaVal, smaVal)
    strategy.entry("Sell", strategy.short)
    
up = emaVal > emaVal[1]
down = emaVal < emaVal[1]
mycolor = up ? color.green : down ? color.red : color.blue
plot(emaVal, title="EMA", color=mycolor, linewidth=3)

up2 = smaVal > smaVal[1]
down2 = smaVal < smaVal[1]
mycolor2 = up2 ? color.green : down2 ? color.red : color.blue
plot(smaVal, title="SMA", color=mycolor2, linewidth=1)

Here’s the python code:

import pandas as pd
import numpy as np
from binance.client import Client
from binance.enums import *
from talib import EMA, SMA
import time
from binance.exceptions import BinanceAPIException, BinanceOrderException

# Define your API keys here
api_key = "yourkey"
api_secret = "yoursecret"

# Create the Binance client
client = Client(api_key, api_secret)

# Define your trading parameters
symbol = 'BTCUSDT'
interval = Client.KLINE_INTERVAL_1MINUTE
ema_length = 30
sma_length = 10
amount_usdt = 3  # replace with the amount of USDT you want to spend per order

def get_precision(symbol):
    info = client.futures_exchange_info()
    symbol_info = next((s for s in info['symbols'] if s['symbol'] == symbol), None)
    if symbol_info is None:
        raise ValueError(f"Symbol {symbol} not found.")
    filters = symbol_info['filters']
    lot_size_filter = next((f for f in filters if f['filterType'] == 'LOT_SIZE'), None)
    if lot_size_filter is None:
        raise ValueError(f"LOT_SIZE filter not found for symbol {symbol}.")
    step_size = float(lot_size_filter['stepSize'])
    precision = int(round(-np.log10(step_size)))
    #min_precision = 2  # Comment this line out
    return precision  # just return the calculated precision

precision = get_precision(symbol)


def fetch_data(symbol, interval):
    klines = client.futures_klines(symbol=symbol, interval=interval, limit=1000)
    data = pd.DataFrame(klines, columns=['timestamp', 'open', 'high', 'low', 'close', 'volume', 'close_time', 'quote_asset_volume', 'number_of_trades', 'taker_buy_base_asset_volume', 'taker_buy_quote_asset_volume', 'ignore'])
    data['close'] = pd.to_numeric(data['close'])
    data['ema'] = EMA(data['close'], timeperiod=ema_length)
    data['sma'] = SMA(data['close'], timeperiod=sma_length)
    data['long_signal'] = np.where(data['ema'] > data['sma'], 1, 0)
    data['short_signal'] = np.where(data['ema'] < data['sma'], 1, 0)
    return data

def place_order(signal):
    current_price = client.futures_mark_price(symbol=symbol)['markPrice']
    
    info = client.futures_exchange_info()
    symbol_info = next((s for s in info['symbols'] if s['symbol'] == symbol), None)
    lot_size_filter = next((f for f in symbol_info['filters'] if f['filterType'] == 'LOT_SIZE'), None)
    min_qty = float(lot_size_filter['minQty'])
    max_qty = float(lot_size_filter['maxQty'])
    step_size = float(lot_size_filter['stepSize'])

    quantity = round((amount_usdt * 35) / float(current_price), precision)
    if quantity < min_qty:
        print(f'Quantity {quantity} is less than the minimum quantity {min_qty}. Increasing the quantity to {min_qty}.')
        quantity = min_qty
    elif quantity > max_qty:
        print(f'Quantity {quantity} is more than the maximum quantity {max_qty}. Decreasing the quantity to {max_qty}.')
        quantity = max_qty
    else:
        quantity = round(quantity / step_size) * step_size  # adjust the quantity to a multiple of the step size
    
    try:
        order = client.futures_create_order(
            symbol=symbol,
            side=signal,
            type=ORDER_TYPE_MARKET,
            quantity=quantity
        )
        print(f'Successfully placed {signal} order: {order}')
    except BinanceAPIException as e:
        print(f'Failed to place {signal} order: {e}')
    except BinanceOrderException as e:
        print(f'Order exception: {e}')
    except Exception as e:
        print(f'Unexpected exception: {e}')

# Place orders
while True:
    print("Fetching data...")
    # Update data
    data = fetch_data(symbol, interval)
    if pd.notna(data.iloc[-1]['ema']) and pd.notna(data.iloc[-1]['sma']):
        open_orders = client.futures_get_open_orders(symbol=symbol)
        if len(open_orders) == 0:  # only proceed if there are no open orders
            if data.iloc[-1]['long_signal'] == 1 and data.iloc[-2]['long_signal'] == 0:
                # Place a buy order
                print("EMA crossed above SMA. Placing a buy order based on the signal.")
                place_order(SIDE_BUY)
            elif data.iloc[-1]['short_signal'] == 1 and data.iloc[-2]['short_signal'] == 0:
                # Place a sell order
                print("EMA crossed below SMA. Placing a sell order based on the signal.")
                place_order(SIDE_SELL)
        else:
            print("Open orders exist. Not placing new order.")
    else:
        print("No valid EMA/SMA data for this data point.")
    time.sleep(60)

In conclusion, when working with cryptocurrency trading bots like the one demonstrated in this tutorial, it is crucial to remember two important points. Firstly, ensure that you input your own API key and secret key obtained from your exchange account, as these are essential for the bot to interact with the exchange’s API. Secondly, keep in mind that the trading bot developed here is intended for testing purposes only. It lacks features like stop loss or take profit, which are crucial for real-world trading scenarios. Therefore, exercise caution and further enhance the bot’s functionality before deploying it in live trading environments. With these considerations in mind, you can leverage the power of ChatGPT and develop your own automated trading bot tailored to your specific needs.

3 thoughts on “Creating a Profitable Cryptocurrency Trading Bot Using ChatGPT”

  1. Maraming salamat sa mga kagaya mo nagbibigay ng mga free information na nakakatulong sa trader na gustong iangat Ang level ng trading skills. Yan Ang tunay na malasakit sa kapuwa Pilipino.
    Nawa dumami pa Ang mga gaya maging kabilang Rin sana ako sa mga iyon! God bless and your family.

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