Professional paper
Automated cryptocurrency trading
Siniša Kovačević
; Veleučilište u Virovitici
Mario Poldrugač
; HUDDLE GAMING d.o.o.
Abstract
Automated cryptocurrency trading is the process of using computer programs to execute trading activities on crypto
markets automatically. This relies on complex algorithms and strategies to analyze market data, identify trading
opportunities, and execute trade orders in real-time. The goals of algorithmic crypto trading include increasing execution
speed, reducing human error, optimizing trading strategies, and minimizing the emotional impact on trading. Through
back testing and algorithm optimization, traders can test and adjust their strategies to improve their efficiency and
profitability. Crypto algorithms are used in situations where traders want to optimize their trading, reduce the time spent
analyzing the market, or capitalize on trading opportunities that arise in crypto markets without constant monitoring.
However, it is important to note that using crypto algorithms carries certain risks, including technical difficulties and
potential losses due to unpredictable market conditions. Therefore, it is crucial to carefully plan and monitor the use of
crypto algorithms. This work will present an example of algorithmic trading using the Pine Script function and the RSI
indicator on the Trading View platform.
Keywords
Automated trading, algorithmic trading, crypto robots
Hrčak ID:
318638
URI
Publication date:
28.6.2024.
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