Recently I’ve been following the crypto market, which is very fascinating to me. I’ve subscribed to kraken, a popular exchange and put some money in it. After a service outage in the middle of january, kraken’s team decided to cut the transactions fees for a while, thus I took the opportunity to code and test a from-scratch crypto-trader bot.
I have no time to get into details, also because they are not so much interesting or particularly complex, but I’ll say that it uses a combination of some simple and common algorithms widely used in the study of the financial market. The bot actually works, in the sense that it makes trades on some deterministic rules, but unfortunately it is not clever enough to make profit (even without the fees) and barely breaks even.
Anyway, as always, it’s been very fun and instructive to code, as I had to study and learn how the market behaves, how to handle the market data and how to try to predict trends and accordingly set sell/buy points.