/surgetrader

Trade on surges detected at BitTrex

Primary LanguagePythonMIT LicenseMIT

surgetrader

Trade on surges detected at BitTrex

Script description

Have you ever woken up, logged into BitTrex, and saw something like this:

and then you asked yourself: "what could I do to wake up to profits like this".

If so, then SurgeTrader is for you!!!

How it works

SurgeTrader allows you to find what market(s) has had the greatest % growth over a period of time. It presumes that the coin with the greatest % gain will go up even more in the near or distant future.

Installation

Install python-bittrex from this github instead of PyPi. pip install -r requirements.txt

Configuration

in the src directory, mybittrex.ini should have key and secret in it like so

[api]
key = asdfa8asdf8asdfasdf
secret = 99asdfn8sdfjasd

Usage

Cron

Create 1 cron entry that downloads the market data every hour (or whatever sample period you like) and then scans for the coin with the strongest surge and buys it.

00 * * * * cd $ST/src/ ; $PY download.py; $PY scan.py --buy 1

Creat another cron entry that sets a profit target on the successful buys

*/5 * * * * cd $ST/src/ ; $PY takeprofit.py --percent 10

Earning Potential

Account balance = $1000

2% = 20

1% gain on 2% of the account = 20.20

therefore you are making 20 cents per trade

50 trades in a month = 10 dollars profit

10 dollars is 1% of 1000 -> 1% gain on the account

Therefore taking 50 2% trades and setting a 1% profit margin (ignoring fees)

TODO

  • Move percentage of BTC to trade on each run to config file.

  • Take profit right after successful buy. There is no reason for takeprofit.py to exist separately: just edit scan.py and have it take the profit!