How It Works:
- API Initialization
The bot initializes with the Binance API, utilizing user-specific API keys for authenticated access. - Data Retrieval and Processing
It retrieves candlestick (kline) data for the selected trading pair, calculating Bollinger Bands based on the last 20 data points to assess price volatility. - Trade Execution
Upon detecting a signal (price crossing either band), the bot places a market order. The process is continuous, adjusting each minute for maximum responsiveness. - Sleep Function
A custom sleep function ensures the bot waits precisely until the next minute, adding efficiency to the monitoring process.
Key Features:
- Automated Market Monitoring
The bot tracks market data for a specified cryptocurrency pair in real-time, updating every five minutes to adapt to market trends. - Bollinger Bands Strategy
Bollinger Bands, a popular technical analysis tool, help the bot identify overbought or oversold conditions, allowing for data-backed buy and sell signals. - Seamless Integration with Binance
Designed to work with the Binance API, this bot requires minimal configuration to start executing trades on the Binance exchange. - Secure and Efficient
Utilizes HMAC SHA256 encryption for secure API calls, ensuring that all transactions are securely signed.
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