Development of a trading bot for trading on the Crypto.com crypto exchange

The Crypto.com exchange is one of the largest platforms for spot and derivative trading of cryptocurrencies. It currently has over 80 million registered users worldwide and provides clients with many benefits: a huge selection of trading and passive income options, competitive commissions, hundreds of available trading pairs and high liquidity.

To trade on Crypto.com as profitably and efficiently as possible, most professional traders use trading bots. In this article, we will talk in detail about what they are, how they work, and how to create and run your own crypto bot.

A trading bot is software that connects to an exchange terminal and performs the tasks that a trader needs offline. Simply put, it automates the markets and allows the user to focus on improving their strategies.

There are two main types of trading bots:

• Signal bots. They analyze the market and, based on the data obtained, give recommendations for opening or closing orders. Moreover, they can indicate the recommended lot size, predict profits, and perform many other additional tasks.

• Automatic bots. Such bots do not give recommendations, but open and close orders on their own when favorable market conditions arise. To work, they use special triggers, signals and algorithms.

In both options, the bot replaces the actions of the trader and is engaged in the actual implementation of his strategy.

Programs with trading algorithms written in them can be very useful for a trader. In addition to automating different styles of working with markets, they also provide many other benefits:

• Fast and accurate response. Unlike a human, a bot is able to instantly respond to changes in the market situation and also quickly take action to generate profits.
• Exclusion of emotions from the trading process. The work of the bot is not controlled by emotions or feelings, but by well-defined algorithms. Therefore, he does not make mistakes due to the human factor.

• Multitasking. The bot can perform several tasks at the same time – analyze quotes, determine the optimal lot size, open or close dozens of trading positions, and so on. It takes a matter of seconds, which allows the trader to get the maximum profit from his investment.
• Management of risks. Bot algorithms can also include risk management strategies such as stop loss and trailing stop loss. This reduces the risk of loss.

Let’s move on to the technical part. Here, first of all, we need to talk about the technologies that are involved in the development of trading bots.

As a base, our team often chooses the CCXT library. This is a specialized tool for creating crypto bots that supports more than 120 trading platforms and exchanges. In addition, it allows you to use several programming languages and provides two types of API out of the box – public and private.

As a result, the technological stack may look like this:

• Backend – Python, PHP and JavaScript (Node.js).
• Frontend – static JavaScript / HTML / CSS technologies or reactive frameworks Vue.js / React.js.
• Mobile development — native technologies Kotlin/Java/Swift or cross-platform Flutter/Dart.

When selecting the optimal stack, we take into account the technical features of the project, as well as the priorities and budget of the customer.

The development of a bot for trading digital assets consists of six main stages. Let’s consider them in more detail:

• Collection of information. The team studies the client’s requirements and, based on the data received, compiles the top-level project documentation.
• Prototype. A carefully thought-out prototype is created that visualizes the logic of the trading bot.

As a rule, such a mockup consists of four main components: interface warframes, tables describing the functionality, block diagrams of the main modules, and formulas that will be used to perform calculations.

• Design development. Designers join the project and form the UI concept of the product. Their main task is to create an attractive, uniform and user-friendly interface.

• Frontend. Based on the approved design mockups, the client side of the bot is created, with which traders will interact on the side of the browser or mobile application. Front-end development includes: layout, creation of animations, event handlers and other interface components.
• Backend. This part of the product is stored on the server and is responsible for processing, storing and providing data to the client. When implementing the backend, programmers create databases, set up the network capabilities of the bot, connect the API, form the client-server architecture, and write the functional code. Our team can also implement solutions based on neural networks and artificial intelligence.

The creation and training of such components also takes place at the stage of backend development.

• Testing. After the development is completed, the project undergoes rigorous testing. This allows you to make sure that all its modules work without errors, and the bot itself is ready for release.
• Technical support and development. It is known that the crypto industry is growing and changing much faster than other industries. Therefore, in order for the bot to always meet the current market requirements, it must be constantly improved and developed. This task can be performed by our technical support team.

A trading bot is an important tool in the work of a trader on the Crypto.com exchange. It allows you to automate workflows, respond faster to market changes and, as a result, significantly increase the profitability of trading digital assets.

For the development of such projects, AVADA MEDIA is ready to provide already formed teams of qualified specialists with the necessary experience, knowledge and expertise. They will help you design and market a trading bot that includes the necessary algorithms to work effectively with the markets.