Trading strategy for trading bot

[Abulero]

Greetings, everybody.

I'm starting q bitcoin trading bot using a popular platform in my country that provides APIs for transactions.

I have all the technical aspects of the project functioning, but am struggling with the trading strategies.

Here's how it works:
Every 15 seconds the bot gathers BTC prices and checks for buy/sell opportunities.
Every 30 minutes the bot sends me a balance report on Telegram.

The "checks for buy/sell opportunities" is the part I'm struggling with. Do you guys have any recommendations of strategies or source that I could use?

Note: The platform charges a 0.7% fee on any buy or sell transaction

[Abulero]

My bot is capable of buying or selling at anytime. However, I need ideias for strategies on when to buy/sell and for how much, so that I can make a profit. My Intention is to program the bot to look for those profit opportunities and take the according action.

My doubt lies on the economics of deciding when to buy/sell!

[Arkann]

How much more trading bot can be more productive than the trader?  I am still new to this activity and am trying to learn through analysis of the Trading Bot, but I still have some doubts about the choice of my strategy.

[Abulero]

How much more trading bot can be more productive than the trader?  I am still new to this activity and am trying to learn through analysis of the Trading Bot, but I still have some doubts about the choice of my strategy.

I'm not sure wether automatic trading is more efficient or not. I'm building a bot because of my engineering background: I love automating processes and wanted to try my hand at cryptocyrrencies. So trading bot is the perfect project!

[Kemarit]

My bot is capable of buying or selling at anytime. However, I need ideias for strategies on when to buy/sell and for how much, so that I can make a profit. My Intention is to program the bot to look for those profit opportunities and take the according action.

Depends on your target, majority might be looking at 5%-10% profit depending on their capital, while others look for much bigger profit. Are you doing day trading if I may ask.

My doubt lies on the economics of deciding when to buy/sell!

Again this subject is debatable. And no one can give you the exact answers for you. Why don't you target  just small percentage in the beginning and try to experience. I'm sure as you go along and gain experience, you will get a feel on the "right economics" for you.

[glendall]

how can you trust trading bots?
and even the application uses the API,
I always give better advice to leave trading bot or who use the API, this is very risky actually, especially applications that we do not even know who the developer is.

[nulltxmark]

how can you trust trading bots?
and even the application uses the API,
I always give better advice to leave trading bot or who use the API, this is very risky actually, especially applications that we do not even know who the developer is.

A lot of times the API trading bots use have a setting for how much funds to allocate. Also, trading bots can't withdraw your coins from an exchange - at least not the reputable ones - as the API they use only allows them to trade. Yes, there's risk in using trading bots but at the same time there is a reward.