RE: Building a Trading Bot from Scratch - Part 2
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It seems like you've started a big project! It sounds very interesting, though. Any plans on the strategies yet? From what I've seen, there are several 'frameworks' for trading bots available online, but it seems either very hard to come up with a 'working' strategy, or people with successful strategies keep them for themselves (can't blame them...)
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Yes, there are no end of trading bots, but very few of them are free and open source, and fewer still are flexible, and fewer still have good interfaces. With that, I've set myself a tall order to fill. It will take some time to get working, because I have to do other things to turn a dollar and pay the bills. I've accepted that.
Working strategies are another thing. The bot will come with some basic ones, but after that, yes, you will have to write your own, because if you share a very successful trading strategy with everyone, you lose your edge, and it no longer becomes profitable.
However, there are resources which give you a starting point.
I started tinkering with Pine Srcipt on TradingView.com after comparing price movements to various indicators and noticing patterns and signals. There are heaps of open source scripts on Trading View that you can use and study. You can then develop your own ideas and back test them against price history.
From there, I rewrote the strategy in Javascript for the Gekko trading bot.
With my own bot, I'm planning to have the features of displaying indicators and strategy buy sell signals on a modern price chart, and back test against price history. So in essence, do more than what I can on Trading View, because I don't want to pay for a subscription there.