In this strategy I will be using Bollinger bands which are volatility bands plotted at a standard deviation level above and below a simple moving average of the price. Prices moving closer to the upper Bollinger band signal that the instrument is being overbought and prices moving closer to the lower Bollinger band signal thatContinue reading “Technical Trading Bot – Strategy 3, Bollinger Bands”
Category Archives: Technical Trading Bot
Technical Trading Bot – Strategy 2, Elon Musk’s Tweets
Elon Musk is known for being quite open with his Twitter account, with over 60 million followers his voice holds a lot of power online. Throughout the course of 2021, Elon has released several tweets mentioning cryptocurrencies all of which had some immediate effects on their price. For example, a tweet in May 2021 sawContinue reading “Technical Trading Bot – Strategy 2, Elon Musk’s Tweets”
Technical Trading Bot – Strategy 1, MACD & RSI
As part of the first strategy, I will be making use of the RSI. The RSI short for Relative strength index is an indicator used in technical analysis, the value of the indicator will range from 0 to 100. Values over 70 signal that the instrument is being overbought and values below 30 signal thatContinue reading “Technical Trading Bot – Strategy 1, MACD & RSI”