( 17th October 2019 )
Here is the benefits of using a bot in today.
Reduce costs
A chatbot replaces the number of employees needed to handle customer service calls. The bot handles the routine customer questions, while complex problems are routed to a customer service representative.
Reach a larger audience
Bots are used on social media to connect with more people and increase engagement. Social media posts can be automated.
Provide better service
A bot works 24/7 without breaks, and it remembers every instruction and every procedure. The bot answers customer questions instantly and with reliable accuracy.
TradingBot
Crypto trading bots are continuing to evolve in sophistication and functionality — with new players entering the market routinely. Trading bots are computer programs that use various indicators to recognize trends and automatically execute trades. While algorithmic trading software has been used by hedge funds in the equity, commodity and currency markets, trading bots for private investors first appeared in the foreign exchange trading space. They have quickly made their way into the crypto asset market.
BOT DESIGN
It is made by modification the open source trading bot code from GitHub like Zenbot, Gekko and Freqtrade. This system provides service of trading using different exchanges. It trades 24 hours a day. It introduces the automation in trading. It makes the fast and efficient trading. Due to the automation the profit and loss are handled easily and efficiently. Crypto trading bots are evolving in application. It supports many exchanges like Huobi, Coinbase, Bitfinex and many more. It also analyzes the behavior of the market within certain period of time. It also sets the threshold values which are used in analyzing the behavior of market during trading in real time. The price will be observed. It is reliable, secure, profitable and easy to use.
Fig-1: Bot Design
Technology Stack
1. Amazon Cloud Hosted Platform
2. Angular JS
3. JAVA 1.8
4. BITFINEX API
5. BITTREX API
6. POLENIX API
7. MYSQL
8. GOOGLE AUTHENICATOR
API links for main currency exchanges
1. Coinbase(https://developers.coinbase.com/)
2. Kraken(https://www.kraken.com/features/api)
3. Bittrex(https://bittrex.github.io/api/v1-1)
4. CEX.IO(https://cex.io/cex-api)
5. Poloniex(https://docs.poloniex.com/#introduction)
6. Languages Supported
7. Python PHP, Javascript
8. Bot trading model
9. Arbitage
TOOLS
1. Node Js, MongoDB
2. Future Work:
3. Sentimental Analysis for mining coin using bot
4. Support of XCR(CROSS) Coin
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