Learning how to code in order to automate trading strategies, is it worth?

[AakZaki]

It's not easy to make a trading bot so that it can automate trading according to what we want. There are several programming languages ​​that must be known such as python and several programming languages ​​that are needed.

Before creating a trading bot there are a few things you need to know, namely.

- Understand the trading system manually.
- Understand several programming languages ​​that are needed.
- Must be able to integrate the Application Programming Interface (API) with the bot you want to create.
- Determine the level of automation
1. Monitoring bots
2. Semi-automated trading
3. Fully automated trading
4. Multi-user bots
5. Social trading bots.

- Determine the trading strategy that will be included.

Actually there are still many steps that must be carried out, but in general some of the steps above must be carried out.

[Blawpaw]

If you are not a coder there is no point in struggling to learn how to code only for the purpose of automating trading strategies. You have a lot of crypto trading bots outhere so you do not need to learn how to code.

While on some trading bots you can already find a lot of pre-determined trading strategies that you can easily apply at a click of a button, in others all you need to do is to set up the trading strategy and you're good to go. But remember that you will need to learn how to set it up properly, so you should follow the instructions they provide.

I especially enjoy Quadency but you can find other platforms. Here's a list of crypto trading Bots.

[South Park]

If you are not a coder there is no point in struggling to learn how to code only for the purpose of automating trading strategies. You have a lot of crypto trading bots outhere so you do not need to learn how to code.

While on some trading bots you can already find a lot of pre-determined trading strategies that you can easily apply at a click of a button, in others all you need to do is to set up the trading strategy and you're good to go. But remember that you will need to learn how to set it up properly, so you should follow the instructions they provide.

I especially enjoy Quadency but you can find other platforms. Here's a list of crypto trading Bots.

Coding is one of the most useful skills that you can ever learn so if this is the trigger that causes a person to give it a try I do not see anything wrong with it, now there are many trading bots they have preprogrammed strategies, but are you willing to risk your money by trusting blindly on the strategy created by someone else without verifying first that it works? Because that is a risk that I would never take, I really think that if you are a successful trader already it is way better to just find a way to code this into a bot, as the bot has the great advantage that it can monitor hundreds of markets efficiently and take the best opportunity at any given time, something which is impossible for any human to do.

[Wexnident]

I don't think you need to if you just want to use bots, you can probably hire someone to make it for you or something, not to mention there are a lot of publicly available bots out there. I don't really recommend getting into coding if you're only going into it for this, it's kind of a different struggle really and I'd say it's probably not worth it (though you can if you aim to use it to develop yourself towards there).

I never had the experience of learning how to make something with only the focus of making that, so I'm not particularly sure how hard it is (e.g. learning to code for the sake of making a bot, and not for the sake of learning how to code), but I reckon it should be possible to make a working one, but probably not the best, with the help of various tutorials and forum answers. Anything above that is up to you though since improvement would probably need a lot more knowledge.

[xSkylarx]

I am a programmer, but not in the field of trading automation, but in forex they use mql5 and others are python. This is what I recommend if you are extremely bored and have plenty of time, but it will take at least 6 months. First, learn the fundamentals. There are 10-week courses available to learn Python and, I believe, other languages, and they will make you a junior programmer at the time you finish. After learning the fundamentals, you should look into tutorials on how to make a bot for crypto trading (I don't have any experience with it, but I'm sure it will be simple for you when you start making your own)

[South Park]

I don't think you need to if you just want to use bots, you can probably hire someone to make it for you or something, not to mention there are a lot of publicly available bots out there. I don't really recommend getting into coding if you're only going into it for this, it's kind of a different struggle really and I'd say it's probably not worth it (though you can if you aim to use it to develop yourself towards there).

I never had the experience of learning how to make something with only the focus of making that, so I'm not particularly sure how hard it is (e.g. learning to code for the sake of making a bot, and not for the sake of learning how to code), but I reckon it should be possible to make a working one, but probably not the best, with the help of various tutorials and forum answers. Anything above that is up to you though since improvement would probably need a lot more knowledge.

While for many applications it makes sense to hire a programmer to create the code for you, I do not think it is a good idea to do this for the particular application the OP wants for himself, the first reason is simply that once you develop a successful trading strategy you do not want to share it with anyone as that would be the equivalent of giving away a formula that could make you money while you sleep with the bot, and the second reason is that the bot itself will trade and move your funds, so a malicious programmer could hide on the code a way for the bot to steal all your money in your account, so you could lose your money if you do this.

[Kgdktac]

coding can be a valuable investment of time for traders, as it can enable you to automate and optimize your trading strategies, and also develop custom trading bots. Whether it will be worth the time and effort will depend on how much you use the skills you acquire.

 whilst Python has a large community and a vast library of packages that make it easier to perform complex financial computations, data analysis, and machine learning tasks, it is worth noting that Python is not the only language for trading, and the choice of language will depend on your specific needs and goals

[xSkylarx]

Learn also the structure of HTML, just in case you need to scrape a website or automate something without an API. I haven't tried to make a bot to do trading, but I know that it uses an API to easily integrate with trading, and the programming language used is Python. If you have time, then learn it. There are crash courses online worth 10 weeks of training that can make you learn from basics to advanced, so it is best to start with the basics before making a bot, and it would also be easy for you as you already have a strategy. If your schedule is tight, I would recommend looking for a course that requires you to learn for two hours per day.