The Crypto Trade Bot

Project Title

The Crypto Trade Bot

Project Area of Specialization BlockchainProject Summary

Cryptocurrencies are known for being incredibly volatile. As these or monetary authority. Cryptocurrency such as Bitcoin is secure as it has been currencies are based on blockchain or decentralized technology.

Cryptocurrency is completely decentralized which means it is not governed by any central bank digitally confirmed by a process called “mining”. The prices of cryptocurrencies are highly unstable and fluctuate within seconds that the value of a coin falls so rapidly or booms so quickly in no time. Sometimes people who are doing jobs or being busy in other activities become unable to save their money just because they can’t keep checking again and again to these unstable fluctuations. These fluctuations depend upon many factors that are deeply related to market trends, supply and demand, investor and user sentiments, government regulations, and media hype. Humans are unable to track this kind of rapid fluctuations 24/7. Moreover, humans can’t even predict the future because many factors limit the human potential to track and trace the data and to predict where to invest. One more thing is fear of loss, anxiety and many other psychological hindrances limit a human to take full advantage of this enormous crypto-industry.

The crypto industry is enormously so big and continues to expand day by day. Any person from any place of the globe can take part in it at any second of the day with very little effort but with specific knowledge and skills. Combined, these factors limit the effectiveness of human cryptocurrency trading in several ways and also highlight that these problems need to be solved. The only solution to all these problems causing factors is through using technology and automation. To track the market 24/7, to process past data to predict the future, and to save the valuable assets of users we are developing this project. It’s called the crypto trade BOT.

Our project is proposed to solve all the problems that people face while trading so that a user can take full advantage of this big industry. Crypto trading bots are a set of programs designed to automate cryptocurrency trading on behalf of the user. In this project, we are more focusing on making our product intelligent. There are hundreds and thousands of bots created till now but what makes our bot a little unique is the use of AI (Artificial Intelligence) and ML (Machine Learning). to give a user full related to crypto trading problems.

It’s like hiring an expert to do crypto trading for you while you can sit back and watch the profit grow. Crypto trading bots can often save you a lot of time and are more costeffective than hiring human experts. Crypto trading bots can easily automate the analysis and interpretation of market statistics. They can gather market data, interpret it, calculate the potential market risk, and execute buying/selling cryptocurrency assets.

Project Objectives

Aim

This project aims to develop a successful and marketable crypto trading bot that can help in crypto assets trading seamlessly without requiring the presence of the concerned user.

Objective

1. To build an automated trading software in order to decrease the limited effectiveness of human cryptocurrency trading.

2. To give the user the technical analysis of the digital assets (market trends) and trading based on the analysis using this trading bot.

Project Implementation Method

Survey phase project implementation:

We started with learning the concepts of the crypto industry for the first time. We came across the interface of the trading website and the basic methodology behind crypto trading. We explored the Binance app. We created an account and learned the art of buying and selling for the first time. We progressed in our goal by exploring the strategies behind the working of a bot. Three of these strategies are: • Resistance • Support • Indicators We progressed and got some answers to most questions like: “What is market cap?”, “What do we mean by circulation supply?” “What is crawler?” and more.

Methodology phase project implementation:

We have come a long way from where we started. We progressed through exploring the code file and the video this was our first step towards the implementation of a bot. We came across different trading websites and exchanges to learn about the basic methodology behind working crypto trading. Most bots consist of this kind of framework: • To take input from the user by API. To link bot with exchanges while taking the user-generated API (Application Programming Interface) of exchange like Binance. And secret key. • To perform buying and selling on our behalf under our specifications using the bot. • GUI for the user interaction with the bot.

Implementation phase project implementation:

We can buy and sell on our behalf for the first time. Our bot is successfully running and doing its job of buying on a particular coin pair at a specific time interval. We successfully implemented a “.exe” file of our code this gives us the motivation towards focusing more on our task. We progressed and successfully implemented a GUI of a ”CALCULATOR”. This gives us the basic concept of adding buttons and different functions of processing user information. We learned the basic concept of GUI and how does it work. We also implemented the MACD indicator in python. This servers as a mini bot to get a signal for buying and selling. We learned the working of this indicator.

Next plan or Future work implementation:

We will further work and focus on the areas of AI and Machine learning this will be done in the following steps: • To collect real time the most important financial data from different cryptocurrency exchanges in order to locally store the information. This data will be used for research, fundamental analysis and strategy back testing.

• Training the collected data to covert it into a system that could easily track the data.
• Testing the trained dataset to make decisions for a certain set of choices.
• Design and implementation of a software that would use this trained dataset.

Tools used: 1. Python. 2. High-end server.

Benefits of the Project

This proposed automated trading program in the form of a software will be able to help you to buy and sell cryptocurrencies at the correct time. The main goal of the project is to increase revenue and reduce losses and risks. A user who is new to the crypto industry can earn with just a basic knowledge of how to use the bot. This project will be a fully automated bot that will work 24/7 hours.

Artificial Intelligence and everything are getting automated. But still there are some things those can’t be automated and crypto trading is one of them. Maybe in future the highly efficient and intelligent bots introduced but still there will be human mind behind that. So why need to go for the expensive way if we will have the cheap, even free, way of earning profit in crypto trading through these bots.

Technical Details of Final Deliverable

Despite significant advancements, cryptocurrencies remain highly controversial; while some tout it as “the next internet,” others view Bitcoin as “evil.” At their simplest, they are the newest fintech fad; yet at their most complex, they’re a revolutionary technology challenging the political and social underpinnings of society. This article will demystify cryptocurrencies’ appeal, its complex underlying technology, and its value. It will also examine the accounting and regulatory, and privacy issues surrounding the space.

Technical indicators:

Technical indicators are heuristic or pattern-based signals produced by the price, volume, and/or open interest of a security or contract used by traders who follow technical analysis. By analyzing historical data, technical analysts use indicators to predict future price movements.

API:

API is the acronym for Application Programming Interface, which is a software intermediary that allows two applications to talk to each other. Like Binance app. We aimed to link our account to the bot that later performed buying and selling on our behalf under our specifications.

Cloud computing:

It is the on-demand availability of computer services like servers, data storage, networking, databases, etc. The main purpose of cloud computing is to give access to data centers to many users. Users can also access data from a remote server. Examples of Cloud Computing Services: AWS, Azure, Google Cloud. We got to know about cloud computing and how this technology will boost our trading capabilities. We were being assigned to search about the high-end web servers. Then we further moved to our next assigned task which include: • To search about the web servers that were needed to perform the high-speed operations. • To search how we can read a file or link it to GUI. 

Final Deliverable of the Project Software SystemCore Industry ITOther IndustriesCore Technology Artificial Intelligence(AI)Other Technologies BlockchainSustainable Development Goals No PovertyRequired Resources

Item Name	Type	No. of Units	Per Unit Cost (in Rs)	Total (in Rs)
			Total in (Rs)	79997
GPU	Equipment	1	69999	69999
other expenditures	Miscellaneous	1	9998	9998