I Created a Bitcoin Day Trading Bot

you know what this whole day trading thing not working out too hard for me as well as 99 of people who try it so i'm gonna try to instead build a robot that day trades for me and see if we can basically create a real-life infinite money glitch hey vsauce viajesa here so a trading bot is basically just a piece of software code you whip up that will buy and sell a stock commodity to currency automatically based on the parameters you give to it i actually dabbled in some forex day trading bots about a year ago i made videos where i paid for some bots downloaded others for free in hopes of finding one that was at least somewhat profitable all of them promised to only go up make tons of money never go down but as i found out they pulled the robert on me probably it goes down no it don't which that makes sense because if you have a bot that works perfectly why would you sell it it's not like a course for a business which you actually have to put in work to keep running bots literally require zero effort after you program them so if you have one that works it's just a jerome powell cash printing machine again why sell it so i figured what if we try to create a bot rather than buy one because i really like this concept trading robots don't have emotions that get in the way of their trading they can strictly follow whatever strategy you program into them and we're gonna specifically try to build a bot the day trades bitcoin which is great since bitcoin ever closes we can have this bar running 24 7 and i just i also just really don't want to get back into the world of forex hey bro you heard of forex bro my dude in my group chat bro my mentor he made 800. but you feel me you got to give me 250 first so we can start off the powerpoint program goal for this video i'm going to put 1 000 into bitcoin right now and then use another thousand to put into the bot we end up creating and at the end we'll see if we would have been better off just letting the money sit there or if the bot actually worked and outperformed the bitcoin that was just sitting there the bitcoin price action although i've been investing into crypto since early 2017 oops i apologize for the flags but i've never got it to trading it or anything bar related in the crypto space on top of that outside of a tiny bit of ruby code i edited designing shopify websites i don't have any coding experience so we're really starting from scratch here let's head to these two dive in and try to figure something out okay i think we have a lead i've been reading day trading and algorithm trading reddit posts thanks thanks for the gold kind stranger yeah quite a few people are talking about a platform you can download called gunbot which you can then connect to a crypto exchanges api and then into this platform you can put in whatever parameters you want your bot to day trade based upon and then gunbot will go ahead and execute those orders when the parameters are hit on that crypto exchange that you connected to at least that's what i think it is this video is not sponsored i just paid like 350 for this so it better be what we're looking for apparently i have to pass their course here to find out how to download the actual software so i'll be doing that right after i get a quick line up and as always if i come back looking like dj khaled do not be confused it is still me you have life we blessed let's go you're saying hey yo wave check thank you for buying compute and welcome to kanban school i've been going through this software course and i'm now at the part where i can actually install the bot onto my computer the problem is in order to run this bot and actually install it completely and let it run i apparently have to give it full access to everything on my computer yeah it says right here i gotta give it full disk access which i personally do not bang with again this video is not sponsored by these guys i don't trust them so i think the move is going to be to go ahead run out and get a tax-deductible computer and run around there because i don't want to do it on my personal computer which i run my business from so let's do that real quick so i ended up having issues with gunbot i tried strictly following the instructions but my terminal was just not having it it couldn't see the gunbot files or read them but even though the sun was now setting i've been at it for hours i just kept cracking at it so it's already night time still don't have this thing set up but i think the issue is not even on my end i think it has to do with the fact that the bot just isn't up to date for the latest ios system or something like that so honestly at this point i'm just gonna take the 350 l and do a stop loss in terms of how much time i'm putting into this given that i just lost the money i am gonna go ahead and have to plug my drop shipping course which is linked in the below feel free to check that out my job was to help develop financial education classes so i'm gonna try a different bot here called crypto hopper also not associated with these guys but hopefully we can figure this out okay i'm happy to say this is going a little smoother i've now connected my coinbase pro api to the crypto hopper so that crypto hopper can execute orders from my coinbase pro account i also went ahead and bought one thousand dollars worth of bitcoin for the control group and as you can see here is our hacker man bot that we're gonna hopefully program tomorrow way too burned to try and do anything else so we're gonna stop here for today bitcoin trading bot day two whoa hold on i think i think it's working i set up a bot that's supposed to trade upon the bollinger bands indicator and the rsi indicator and i think it just executed its first order here check this out as you can see we have an open position on the xlm and bitcoin pair okay this is great news that means we got to a point where the bot is executing trades on its own i'm a pioneer i'm an explorer now that we have that figured out i'm actually going to focus more on finding a good solid profitable strategy okay so here's where we're kind of at the bot is set up it's trading once again based on the rsi and bollinger bands indicators if anyone is interested i'll go ahead and put up the specific parameters of our assigned bollinger bands up on the screen the bot is going into every single trade with five percent of the account the take profit is at two percent and then the stop loss when it sells is either three percent in the negative or if it's been in the trade for two hours i specifically made this bot look at the one mini graph of a bunch of crypto pairs that way it's a bit of a scalper bot and we're gonna see a whole lot of trades and a whole lot of action now to make things even more interesting i wanna buy a bot purchase a bot that someone else built and put on the market so i'll go ahead and try to purchase something real quick here here we are i found this killer whale scalp for 39.99 let's go ahead and pay the 40 dollars and we'll go ahead and also give this kill railbot 1000 so the robot we just purchased already executed its first order so it is working we're pretty much set here this is amazing i am so hyped we got this to work we have our control group here which is the bitcoin that's just sitting there the moon bot which is what i named the bot that we just created then the killer whale bot that cost us 40 dollars and both of the bots are in separate apis so we can track them separately all three accounts are running smoothly i'm excited i'll probably go ahead and just let these bad boys run and check in tomorrow see if we can do any revisions and we'll go from there okay it's been a day let's go ahead and check up on our bots one thing though i did yesterday go back into the parameters of our bot and change the take profit level to three percent that way the risk to reward ratio is one to one but anyways as you can see here our moon bot is at 997 dollars which is amazing it didn't blow the account and thing is the starting point for these bots was actually at around 995 because i had to convert the thousand dollars we put into the account into bitcoin so there was about a five dollar fee there which means if we started at 9.95 and the bot is currently at 9.97 we're profitable the killer whale bot we purchased was caught slipping and 4k resolution as you can see here it's at 910 dollars so lost about 80 90 and the control group at 1048 reigns supreme for now now the most interesting thing here is the fact that we paid 177 to coinbase and fees so i might be missing something here but if we could trade without paying fees on every buy and sell we'd actually be up 177 so the coinbase fees are eating up all of our profits i tried creating accounts on other brokerages with lower fees but unfortunately because everybody's trying to buy bitcoin right now and everyone wants to create an account they said it's going to take like a week for my account to get approved i don't want to wait that long so instead i'm going to increase the take profit on our bot to four percent that way there's more profit and coinbase just isn't taking the whole thing and if you actually look at the trade history of our bot more trades are coming out positive than there are negative so things are looking very promising here i feel like we just have to play around with the settings and parameters to make up for these ridiculous coinbase fees and once i do that and let it run for a little bit i'll see you guys in a day or two with another update okay it's been a couple days first off the bot we paid for down tremendously it's almost at 50 in the red if it does hit that negative 50 mark i think i'm just gonna have to pull the plug on it and now the four percent take profit level we set on our bot a couple days ago didn't really do much in fact we're currently down to 837 dollars we do still have four days left of this experiment so i think i'm actually going to alter the strategy overbought just a little bit so right now it's trading based on some rsi and bollinger band parameters but it's not necessary for both indicators to be in a certain place in order for our bot to enter a position i'm going to make it so that both the rsi and bollinger band parameters need to be hit in order for a trait to be executed not just either or one or the other this is gonna result in a lot less trade so also boost the amount of money that the bot uses per trade and we'll see where that goes i have a strong feeling that quality over quantity can really be the move here let's see what happens [Music] okay we are officially one week in let's go for a few quick things and get into the final results first off is it possible to make money with a day trading bot my personal humble obviously crypto expert opinion i think it's entirely possible i mean similarly to regular day trading not many people are probably actually gonna profit with it but i do think it's possible it just comes down to gathering data and optimizing i ran this bot for one week not a very long time but the bot already now executed i believe over a hundred trades and i could look through that trade history to see what crypto pairs work best what time frame were the most profitable trades made on how long i should be in certain trades and so so so much more and with all of that data i could start tweaking certain aspects of the bot making it slightly more profitable with every tweak theoretically all you need for your bot to do is have a win loss ratio greater than 50 percent for it to make money which i think is possible so going into this i wouldn't recommend thinking you can create a real-life money glitch but this stuff is very interesting and i think it can have some potential if you have some money you're willing to lose i would recommend it's fun you learn more about certain markets lose some money what more can you ask for although last thing i will say i would not purchase a bot the concept of buying a profitable trading bot just to me really doesn't make sense i can even see someone selling a python code training or something that teaches people to build bots but who would sell an already made profitable money printer and this theory was proven with the bot that we purchased which did hit negative 50 earlier this week so i had to pull the plug on it currently it's above 50 but that's just because bitcoin went up but here's where the bot we built is currently have 830 in the account so about a 17 loss for the week while the bitcoin that i was just slaying there is at around 1150 so about a 15 percent gain given that the bot that we paid for lost 50 and so did the other ones i've tried for forex a 17 loss isn't that crazy to be for that i feel enormously fortunate and also to be fair bitcoin had a pretty insane week i feel like it would be almost impossible to beat that performance by doing any sort of trading for this experiment to happen on a week where bitcoin was more stable or even went down the results could have been very different i'm gonna continue tweaking this bot maybe even try some new strategies let me know if you guys want to see an update video down the line or if i should just put up some stories on my instagram i might do that but either way really interesting concept hope you guys enjoyed this video and have an amazing rest of your day [Music] peace

Channel: Biaheza

Views: 519,633

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Id: 4Pm77eDSNgM

Length: 11min 52sec (712 seconds)

Published: Sat Feb 20 2021