PROPOSITION OF A TRADING BOT FOR CRYPTOCURRENCY MARKET

Authors

DOI:

https://doi.org/10.31567/ssd.726

Keywords:

cryptocurrency market, trading bot, blockchain, system development

Abstract

Blockchain technology opens up new business opportunities, and the market capitalization of the
industries it connects has been growing quickly in recent years. As cryptocurrencies gain
popularity, trading them are growing in importance. Due to the market's great volatility, trading
carries a very high risk, and many new traders face financial losses. Furthermore, seasoned traders
are unable to work nonstop and thus, lose out on some trading opportunities. The aim of this study
is to design a trading bot for the cryptocurrency market. There are currently a lot of trading bots in
use on the crypto exchange markets. They never pass up a trading opportunity that comes around in
a day. Both new and seasoned traders can use automated trading bots, depending on their needs.
However, most of these bots are not free to use and their free features are very limited. This study
aims to fill this gap by designing a free trading bot for the cryptocurrency market. MACD and RSI
indicators will be used while designing the trading bot. As a result, a simple bot which both new
and seasoned traders can easily used will be available.

Published

2022-09-15

How to Cite

CUBUKCU CERASI, C., KIR , T., & INCE , D. (2022). PROPOSITION OF A TRADING BOT FOR CRYPTOCURRENCY MARKET . SSD Journal, 7(33), 237–243. https://doi.org/10.31567/ssd.726

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