Today's Discussion with Code
1. Setting up the Trading Bot on Bitget Exchange:
- The bot should continuously run until stopped by the user.
- It will buy a cryptocurrency at price 'x' and sell at price 'y'.
- The bot will notify the user when the price decreases by 'm'.
- It will only proceed with the next cycle if the previous buy and sell were successful.
2. Troubleshooting Python Installation:
- Checked Python and pip installations.
- Solved issues related to checking pip version and updating pip.
- Discussed how to create and activate a virtual environment.
3. Installing Required Libraries:
- Successfully installed 'ccxt' and 'requests' libraries using pip.
4. Coding the Trading Bot:
- Connected to Bitget using the API.
- Implemented functions to:
- Fetch current cryptocurrency prices.
- Place buy and sell orders at specific prices (x and y).
- Monitor price decreases and send notifications.
- Set up a main loop to continuously monitor and execute trades based on conditions.
5. Example of running the bot:
- The bot will fetch prices, place orders, and execute trades based on predefined criteria.
- The code structure is flexible, allowing users to change variables 'x', 'y', and 'm' easily.
Code Example (Price Check and Target Buy/Sell)
import ccxt
import time
# Replace these with your actual API credentials
api_key = 'YOUR_API_KEY'
api_secret = 'YOUR_API_SECRET'
# Connect to Bitget
bitget = ccxt.bitget({
'apiKey': api_key,
'secret': api_secret,
})
# Choose the cryptocurrency pair (e.g., BTC/USDT)
symbol = 'BTC/USDT'
def fetch_current_price():
ticker = bitget.fetch_ticker(symbol)
return ticker['last']
# Define your trading parameters
buy_price_x = 30000 # Example buy price
sell_price_y = 32000 # Example sell price
price_decrease_m = 500 # Notify if price decreases by this amount
def monitor_price_decrease(last_price, current_price):
if last_price - current_price >= price_decrease_m:
print(f"Price decreased by {price_decrease_m} or more!")
# Add email/SMS notifications here if needed
def place_buy_order(amount):
try:
order = bitget.create_limit_buy_order(symbol, amount, buy_price_x)
print(f"Buy order placed for {amount} at {buy_price_x}")
return order
except Exception as e:
print(f"Error placing buy order: {e}")
return None
def place_sell_order(amount):
try:
order = bitget.create_limit_sell_order(symbol, amount, sell_price_y)
print(f"Sell order placed for {amount} at {sell_price_y}")
return order
except Exception as e:
print(f"Error placing sell order: {e}")
return None
def main_trading_bot(amount):
last_price = fetch_current_price()
while True:
current_price = fetch_current_price()
monitor_price_decrease(last_price, current_price)
if current_price <= buy_price_x:
buy_order = place_buy_order(amount)
if buy_order:
print(f"Bought {amount} of {symbol} at {buy_price_x}")
while True:
current_price = fetch_current_price()
if current_price >= sell_price_y:
sell_order = place_sell_order(amount)
if sell_order:
print(f"Sold {amount} of {symbol} at {sell_price_y}")
break
last_price = current_price
time.sleep(60)
