Development of a trading bot on the BitMart crypto exchange

Despite its relative youth, the BitMart cryptocurrency exchange has already entered the global top 50 in terms of trading volume and has great potential for further development. Today it offers traders advanced functionality for convenient trading, a large number of proven trading pairs and an advanced security system that guarantees the safety of assets.

For more efficient trading on BitMart, most professional traders use bots – special programs that automate the work with the markets. In this article, we will talk about the practical advantages of this approach and how to increase your own performance using trading bots.

Let’s start with the fact that bots are able to perform most of the routine tasks that take up to 80% of a trader’s time. This is monitoring markets and quotes, placing and closing orders, risk management, and more. Simply put, the bot implements the trader’s strategy with the help of software algorithms much faster and more efficiently.

Here are some of the main benefits of using crypto bots:

• Lack of emotion. The bot acts in accordance with the algorithms embedded in it and does not give in to fatigue or emotional stress. As a result, he does not make mistakes due to the human factor.

• Fast and accurate response. The bot instantly reacts to any market changes, which positively affects the profitability of the trader.
• Multitasking. Unlike a person, a trading bot can perform many tasks at the same time – open or close dozens of orders in seconds, at the same time control what is happening on the market, and so on. Accordingly, the return on investment, especially over short distances, increases significantly.
• Working with risks. Risk management is an essential task for a trader. To automate this process, the bot can be equipped with special strategies, such as a stop loss, which will help reduce losses in the event of an unfavorable market situation.

Now that we have figured out what a trading bot is and how exactly it helps a trader, we can move on to the technical side. First, let’s talk about the technologies that can be used to develop such a tool.

There are a lot of options here, but we believe that the best choice is the CCXT library. It provides public and private APIs out of the box, and also supports dozens of the largest exchanges, including BitMart. In practice, this means that in the future, a trader will be able to use one bot to trade on different platforms.

To work with CCXT, you can use several popular programming languages – Python, PHP and JavaScript (Node.js). Accordingly, developers can choose the optimal stack that best meets the needs of the project. If we talk about the front-end part, then it can be built on standard JavaScript/HTML/CSS technologies or using reactive frameworks.

Also, our team can implement a mobile application that will allow the trader to comfortably manage the bot anywhere, without being tied to the workplace. To develop such a solution, native technologies are used – Java / Kotlin on Android and Swift on IOS, or cross-platform – the Flutter framework and the Dart language.

The life cycle of a bot for the BitMart cryptocurrency exchange consists of six main stages, which are performed according to the iterative Scrum methodology. Let’s consider them in more detail:

• Collection of information. First of all, the team studies the needs of the client, his vision of the project and creates top-level documentation.
• Prototype. At this stage, a prototype of a cryptocurrency bot is created, which allows you to look at the product, its structure and main technical characteristics even before the start of technical development.

As a rule, such a mockup includes: interface warframes, a table with a description of the functionality, block diagrams of modules, and project mathematics. To present the prototype to the client, our team additionally records demo videos that greatly simplify communication.

• Design development. To develop a visual concept, UI designers are involved in the project. They create a uniform, attractive, and most importantly, user-friendly environment.

• Frontend development. The next step is the development of the client part of the trading bot. This task is performed by front-end specialists, whose duties include layout, creation of animations, event handlers and other interface components that the browser can read, run or display.
• Backend development. Creation of the server part of the project responsible for storing, processing and providing data to the client. At this stage, programmers set up servers, build a client-server architecture, write functional code and connect all the necessary APIs, including the BitMart crypto exchange. In addition, in order to increase the efficiency of the trading bot, our team can implement solutions based on AI and neural networks technologies.

• Testing. After the development is completed, the bot is carefully tested by QA engineers. This allows you to make sure that all its modules work correctly and without errors.
• Technical support and development. The release is not the final point in the creation of a trading bot. In order for it to always meet the rapidly changing requirements of the crypto market, it is important to focus on the development and improvement of its functionality. To do this, we suggest connecting the bot to our professional technical support.

A trading bot greatly simplifies the work of a trader – it automates most of the processes, helps to optimize the investment portfolio and quickly respond to any market changes. Therefore, investments in the development of such a tool are fully justified, and will help to significantly increase performance.

To implement such projects, our company has already formed teams of experienced specialists. They will help you develop a bot that fully meets your strategies and needs, as well as provide qualified support throughout its existence.