Bitcoin Forum

Hi Everyone,

I hope you're having a great week! We just published a complete guide on how to build a crypto trading bot for Binance. The examples should be able to provide a good starting point for any new bot developers out there who are looking to develop their first trading bot. Let me know if you have any questions about the examples!  


How to Build a Crypto Trading Bot for Binance (Using Python)
(https://blog.shrimpy.io/blog/binance-crypto-trading-bots-with-python)

Happy holidays!

Thank for your tutorial, websocket is complicated for me to understand but it seems so helpful and interesting. Now i can create my own bot without worried about security.

That guide is kinda difficult though. Basic to medium knowledge on coding is kinda need to make like that bot since you will use a programming language called Python.
A random person will try that without some experience on any programming language will have a hard time for sure.
But good job, the guide is quite good and it can help some aspiring people to create their own trading bot.

Thanks, at least we have something to start, if we wanted to build our own crypto bot on Binance. And this could open up more opportunities. The only downside is that you have to learn some programming or coding itself. But if there's a will, there's a way, so I'm sure someone will be interested here, at least it's your own bot design and you can tailor made it to yourself.

That was detailed and I found it interesting although no way I will do it even I do have a background and knowledge about programming.

As the article owner, do you actually did this in actual or that content was made because of the result you have found finding tutorials at any external sources?

Hmm in my opinion if we able to created a profitable bots on binance that means we really have a good skills at coding and programming, we should apply to work at big company instead of earning from trading. But at least we could use it as our portofolio which is erally promising for the company that we applied

I used to make a bot to trade forex, I was curious about how to make a bot for crypto, is there a simple way without using python, I used to make a forex trading bot on the site just by entering the indicator, so it's very simple and instant without having to know programming.

That's difficult though. It's like drag and drop when you make it with their site only? It's likely premade. Difficult to customize and some changes since you are basing on what available made by the site you using.
And I don't know how the bot you are talking works. For sure, it's totally different with using some programming language to create it like from the scratch.

Perfect! Just starting out with python so will gladly dive into it right after the xmas :) Bookmarked the thread so I hope there will be some updates in the future.

True,  I think you need a piece of advance knowledge in programming. I find it difficult to even you have basic knowledge. BTW, this is a good start to explore as the guide is already there. I need to sat down on this and study the whole mechanics, great way to spend time this holiday. Merry Christmas everyone!

I've been taking some python courses lately, and honestly the basics are not that hard imo I mean,you get used to it pretty fast but the main problem with this,I would see it as an "education purpose only" tutorial as money is involved here and I honestly wouldn't entrust my money to a bot I've coded myself or any bot in general. And even if I'm curious to test the bot I would try use a trading simulator so no risks taken.

Although this tutorial list is quite thorough, I think it is too difficult for those who are not good at programming or computers. but I think this is too complicated and sometimes inaccurate. sometimes signals are not as standard as what we programmed, so I think we should still look at the chart in the previous time frames and analyze it, then we will set the alarm at a reasonable price. reason and when the price reaches that threshold we get a notification. I usually use this method and it is less complicated than setting up a bot. :D

actually I have never used BOT for trading, but thank you for the information you provided. Although maybe this will seem complicated I guess. Especially I do not have experience with programming problems, especially in Python. Maybe it would be better to work with people who understand programming problems.

Actually this is a very complete guide to making your own bots but I don't really understand about this maybe those who like to trade using bots will be happy if there are guides like this.
I prefer to trade what I do alone because it is a challenge for me to continue to apply my skills.
Actually, the bot is also widely used but only some of it uses it.

I stop for trading right now because I have wait for my assets back again after lost with Cindicator coin, I invest there and bought with higher price but now CND have lower price, maybe waiting more than one month to get back my money in CND and get profit, cut loss in not my style because keep waiting when my assets back with higher price.

Customizing a bot for one particular exchange nor linking through API or coding in any program language is not a big deal but the strategy that you are going to implement in the bot is the biggest part of building a new bot. I mean to say we can find lots of bots for binance but I always doubt about those bot's efficiency in critical market conditions.

As far as I have heard, exchanges themselves are releasing lots of bots in different developer names and just for the reason of testing those, lots of traders are generating considerable volume which is nothing but what actually those exchanges are looking for.

All my point here is, I like to suggest to all those trading aspirants who want to build their own bot for binance, test your bot with  least possible capital before using it with your actual capital. Good luck.

It is awesome that shrimpy (a bot in itself) representative talks about how you can build a bot yourself, normally a bot should be looking to sell its own bot, even if the whole thing involves shrimpy library to use, it looks free to deal with? I mean that is nice and all but in the end how much can you really build a bot if you are not a developer yourself?

I understand this was done so that even the people who are not developers could take a look at it and make up their own versions of this and try to follow it step by step to build their own but it is quite difficult task. If you are reading the article and wanting to deal with your own bot, make sure to do beta tests of it with an account that doesn't have too much balance in it in order to be safe.