How to Code a Trading Bot in Python - Beginners Guide 

Hi Bro, Use Tensor flow for better charging and use a decision regression tree by training your data from the last 3 years and check on the last year the outcome will be 75% to 90%

@@davidcosta391 Thanks for the video. Mr Corey the binary options Expert trader often said, The people without leverage work for those who have leverage.The people who have fallen behind are the people who fail to utilize the new tools of leverage created during their lifetimes, and the people who fail to use these leveraged tools are the people who work for the people who do, and they physically work harder than the people who use the tools of leverage. Invest with Mr Corey for successful returns.

@Coreytradings.

@@bostananwar592 hello send me a telegram ... i also do machine learning in trade. share our experience @EasyInvestForeva

Hello, I have a question, When i backtest it, i keep getting error messages even though my code and yours are the exact same... what should i do to fix this?

Hello 👋 How well does it work?? I’ve been watching other videos they all don’t seem to work

Trading bots are mostly scams... but there are exceptions. You just need a lot a patience to backtest and run many bots, discard the ones that are scams and keep playing with the ones that are good. EDIT: since so many of you ask, yes I use Galileo FX. ..

@@leonidaschang8849 it helps having prior knowledge in python and coding in general.

That’s a great plan!

But isn´t a robot better than a human at making trading decisions? It leaves appart the emotional mistakes.

A bot is better in certain ways, but it can also be worse in others. For a full comparison, you could check out this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6ctVJcUj6vA.html

@@TradeOptionsWithMe is there more advanced systems that utilize machine learning, and if so why are they not chosen over bots like these?

Totally agree 👍

Thanks!

Thanks for the positive feedback and the suggestions!

Thanks for the feedback! You could check out my free algorithmic trading course playlist. In it, I go over everything you need to know to get started with algorithmic trading in much more detail.

Thanks for the feedback. You could check out my latest video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rYHFGOZM7s8.html In it, I show you how you can set up a custom stock universe and select stocks to trade based on their fundamentals.

@@TradeOptionsWithMe Wow, just made my day! This is awesomee work, I will be studying your work in detail. Thanks so much 👏 Also, do you know if it is possible to code an algorithm to execute trades based off of technical analysis triggers related to supply and demand, Fibonacci, patterns, and trend-lines?

@@JWADE0350 Yes, that's absolutely possible. You can check out a list of predefined indicators supported by QC here: www.quantconnect.com/docs/algorithm-reference/indicators#Indicators-Introduction?ref=towm Besides that, it is also possible to create your own indicators if the desired indicator isn't on that list.

@@TradeOptionsWithMe All I need is possible. Thank you so much! Some of the predefined indicators can be used to create what I want and it looks like I’ll have some fun figuring out how to get the fibs and trend lines in. If I can get the tools to work, things could get really interesting🧐 I’ll keep you update!

@@JWADE0350 any updates??

I wonder why ;D

Perfection. I'd like to buy your algorithm :D

I really would like your programs. At least it will tell what not to do to my other bot.

Bro, just flip the if else statement and you’ll make millions

You created a Frankenstein bot. LOL.

Lol😂😂😂

F Gandhi destroyed india. Who know real history will understand. Not the one that is framed by his followers.

@@pruthvi7798 He just mean that he didn't have a lot of money

@@pruthvi7798 how so?

I'd rather be Gandhi than Bezos lol

Lmao. I had a chuckle at this as well. It reminds me of my variable/function/class names. 'new_dictionary_for_arbitrary_items = {}'.

Thanks for the comment. You could check out my free algorithmic trading course playlist on my channel. In it, I cover all the basics and much more.

What can be done with free account? I am very at the beginning.

@@ahmetsuatyildiz4836 You can still develop, research, and backtest algorithms with a free account. There just are some minor restrictions such as limited Logs, and a short backtest delay. If you want to live trade your algorithms, you would also have to upgrade your account.

@@TradeOptionsWithMe Thank you for the info. Firstly, I have to learn the fundamentals. If your solution help me, I could start with a free account.

During the algorithm initialization, the following exception has occurred: AttributeError : 'HyperActiveYellowCrocodile' object has no attribute 'Shedule' at Initialize in main.py:line 20 AttributeError : 'HyperActiveYellowCrocodile' object has no attribute 'Shedule' WHILE TESTING...HELP?

@@thorsoundsystem-doct6103 Thanks for leaving a comment. Sadly, I can't tell you what exactly is causing the error. That's why I recommend just using the link in the description box to clone my code. That will definitely work.

You are very welcome. Glad you liked it!

Thank you very much for your encouragement and kind words!

That makes two of us lol 😂

@@estou_aqui-2361 make that 3 😁

@@ertugrulcigci yo dude, started the day i commented that, I’m actually kinda good now. Idk if thats motivational, but if you try to learn code hard you can get good quite fast, so... try it!!

@@estou_aqui-2361 podes partilhar onde é que encontraste a informação para aprender? E sinceramente, tens conseguido tirar dinheiro?

@@GoovyLiOn site hacker rank, tambem fazendo meus proprios projetos. Ainda não, comecei a menos de um mes.

You are very welcome!

Despite the economic downturn, i'm so happy I have been earning $24,000 returns from my $7000 investment every 7days with Mrs Jane maria

If you’re new to coding you don’t need to be trying quant bots. Go check out some JavaScript tutorial videos

Any update? How’d it go?

Glad you like it. You should check out my full free course on my channel

A good fix would be to define the loopback time in hours instead of days, this way a smaller change is needed to change the number

Thanks for the comment and the positive feedback! Currently, QuantConnect mainly supports US markets, but they have added international markets to their upcoming features list. Sadly, I can’t tell you how long it will take for them to add this.

How is the job market like in Pakistan?

That’s why it’s very important to thoroughly test and analyze your code before letting it trade with any real money.

"Doh!" -Homer Simpson

Then they probably would make money.

@@whatsgoingon07 haha

I'm still looking for my mistake I'm having a back test error😟😟

Awesome, thanks for the support!

A great algorithmic trading book is "Inside The Black Box": amzn.to/32QAMf4 Otherwise, I have been recommended "Algorithmic Trading: Winning Strategies and Their Rationale" which I haven't read yet: amzn.to/32V7ufA

Yes, bro would love to see more video from this channel. Thank you Mr.Tradeoptionsiwithme! Found my digital mentor here.

Thanks!

Thank you!

If you want to get into algorithmic trading, I’d recommend first slowly getting into the world of finance/trading. Then you should be able to understand much more.

Don’t be discouraged. Note that I by no means just coded out this algorithm and recorded that. I first created the algorithm and then just copied he code for this video. In reality, coding a trading bot still requires a lot of looking at the docs, forum posts, debugging, etc. (even if you’re at a more advanced level).

Soon enough with corporate gatekeeping it won't be. Just look at the scumbags at elsevier.

@@foetusdeletus6313 why tf is youtube megacorp so anti tutorial?

That’s exactly what the colleges want you to think

Added it to my TODO-list.

Please 💯

Always use % for stop loss

Thanks for Watching ☝️Whatsapp for more info

Everyone has their reasons for either trading or just storing.I once traded crypto but sadly I didn't make any profit but I finally realized that I lost because I had no idea about cryptos before venturing in trading.

I think making investments in crypto seems to be the best move to make right now.

Hi Timi, Of course, QuantConnect has an extensive documentation. If you already know the name of a given method, you can just search for it. Otherwise, you can check out their documentation here: www.quantconnect.com/docs/home/home?ref=towm If that isn't enough, you can also use their forum. This often leads you to a post of someone in a similar situation. If that still doesn't help, you can always create a forum post yourself.

Thanks!

It sure would be.

Thank you!

You should check out my free algo trading course playlist. In it, I create such bots as examples.

That sounds like a great idea! Adding multiple securities can be done in various ways. Firstly, you have to ask yourself whether you want a fixed universe of securities. This would be the easiest to add. Alternatively, you could also add a dynamic universe of securities. Either way the main modifications include: 1. Implementing the security selection. For a fixed universe, this can be done by multiple AddEquity commands. For a dynamic universe, you would have to add a universe selection model/function. 2. Changing the main parameters from a single value to a collection of values. E.g. currently this algorithm saves the stop loss price of the open position in a single variable. For multiple securities, you would need to be able to access this value for each security. A dictionary with the security’s symbol as the key would be a good way to accomplish this. I have 2 other example algorithms videos similar to this one where I actually implement a bot with a dynamic universe of stocks. If you want to, you could check them out here: Earnings-based bot: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-zepqjxgf2n4.html Fundamentals-based bot: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rYHFGOZM7s8.html Note that QuantConnect also supports C# but since the majority of the community prefers Python, the support isn’t as good as for Python. I hope this helps. Let me know if you have any other questions or comments.

Hi Jason, Thanks for the question. QuantConnect allows you to directly link your algorithms to your broker account (if you have an account at one of the supported brokers). Otherwise, you usually have to place trade orders through your broker's API and host your algorithm somewhere else. I recommend checking out the following video to learn some more details about how the algorithm interacts with a broker and more: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-YVqxCrxKC_c.html

Thanks for the question. You definitely should know the basics of technical analysis (things such as support, resistance, trend lines, simple indicators, etc.) but I wouldn't say that you need to know various technical based trading systems or anything too specific.

@@TradeOptionsWithMe thanks

Next to the backtest button, there is a “Go Live” button which brings you to a page where you can set it up for live trading or paper trading. You can view a list of supported brokers here: www.quantconnect.com/brokerages?ref=towm

@@TradeOptionsWithMe Thank you! I haven't used any of those sites before. I think all of them don't have free trading. Assuming you used a similar bot to the one you made on this video, I was wondering with how many trades the bot is likely to make if the commission on the trade would substantially hurt your earnings.

@@TradeOptionsWithMe ^^That might be a stupid question as I didn't look at all the sites in a lot of depth haha. Thanks anyways!

@@Fr3shTiger Hi, the great thing about QuantConnect is that you can actually set a commission-model for your algorithm so that it accurately accounts for trading costs. I believe they even have a commission model for specific brokerages. For instance, you could set SetBrokerageModel(BrokerageName.InteractiveBrokersBrokerage, AccountType.Cash); to account for IB's commission costs. For more details, I recommend looking at the documentation of the commission models. I hope this helps.

If you use a platform such as QuantConnect, you won’t have to use the broker’s API. Here is a list of some great algorithmic trading platforms: tradeoptionswithme.com/best-algo-trading-platforms/ Besides the features and commissions of a broker, the other factors to consider are also outlines in that article (programming language, documentation/support, price of data, etc.) Often brokers don’t offer free data which means that you have to buy data somewhere. This can be very expensive which is one of the main reasons why I recommend an all-in-one platform such as QuantConnect. I hope this helps.

Thanks!

Thanks for the question. You can check out the list of currently supported brokers here: www.quantconnect.com/brokerages?ref=towm

That’s odd. Are you sure you copied the algorithm correctly? Try cloning it and see if you still have the error.

@@TradeOptionsWithMe that fixed, thanks dude

I’d recommend just using the link in the description box to clone the algorithm. That should definitely work.

Thanks for the comment. Yes, QuantConnect also supports Bitcoin (and other cryptocurrencies). To learn how to evaluate the efficiency of a bot, you could check out this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-VmD2fUt8KYY.html

Thanks for the comment. It’s supposed to be self.brekoutlvl instead of self.breakou1v1. Note that you could also just clone the algorithm by using the link in the description box to make sure you don’t have any small typos.

I don’t believe that they changed the backtesting engine. I’d recommend using the link in the description box to clone my code. That should definitely work. If not, let me know.

Update: I copied your code and got the same results as you... which concerns me that there were errors in my code that they system didn't flag!! no easy way to find them!

To make this work locally on your computer, you need to set up QuantConnect on your machine. Here is a tutorial for that: github.com/QuantConnect/Lean/blob/master/Algorithm.Python/readme.md Note that this is a lot less convenient than just using the online platform. I hope this helps.

@@TradeOptionsWithMe Awesome! thank you.

Thanks for the comment. In my opinion, it is best to learn some basic Python before trying to learn the QuantConnect API. That should definitely help with the learning process. But if you already have some coding experience, learning Python really shouldn’t be too hard.

@@TradeOptionsWithMe alright, thanks!

@@TradeOptionsWithMe subbed btw 👍

Awesome, thanks for the sub!

Sorry, but I have no experience with ninja trader so I can’t really help.

Thanks for your questions. To live trade, you have to click on the “Go Live” button next to the backtest button. This will bring you to a page where you can select a broker account to link to the algorithm. You can view the supported brokerages here: www.quantconnect.com/brokerages?ref=towm As of right now, TOS is not one of the supported brokers, so currently you can’t use this code to trade on TOS. As for local development, here is a video that shows how to do that: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-FyTP6D_4SQc.html Note that local backtesting is currently not possible this way. But it is on their upcoming feature list. I hope this helps.

Hi Romeo, Thank you for the comment and the positive feedback. You’re in luck! QuantConnect also supports C#. So instead of creating a C# container, you could just create the algorithm in C# directly. Just note that since the majority of QuantConnect’s current user base is Python-based, the forum support might be a little worse than for Python algorithms. But the docs should be just as good. Furthermore, you should be able to find plenty of C# examples on QC.

@@TradeOptionsWithMe Thank you for your reply, now that is really useful! I am reading into QuantConnect as we speak and to me it looks promising already. Very intuitive documentation so far, also for C#. For example, I am reading into the time bars / ticks right now and things seem really clear. I read they provide a way to locally create my algorithm in my own IDE (which I prefer) by implementing the LEAN-engine, howver I read on your website things might become a little more complicated that way, but it is nice to see there is a way. I think I will be able to find my way on from here. Thanks for setting me up.

You are very welcome. I am glad I could help.