I Built a Customizable Coinbase Trading Bot

[@KHYYUL]

If we'd like to use other assets, can we implement it in the current code or do we have to repeat this process for each asset?

[@RhettReisman]

Depends exactly what you're trying to do but you should be able to reuse a lot of code

[@najee_salazar]

This seems very interesting. So the manual part isn't changing the risk number but remembering to change your strategy?

[@RhettReisman]

Ultimately you should be able to automate the whole thing

[@matthew3881]

Hi Rhett! Great video, thank you for sharing. Is there some way to sell based on a fixed dollar amount, same as buying? Or maybe a workaround?

[@RhettReisman]

Yeah you could just pull the number and execute a regular sell based on the number. There should be sell code examples in the readme

[@BennetRosolanka]

Very helpful cideo. Is it possible to do market order instead of limit order?

[@RhettReisman]

Code for market buys is in the github: github.com/rhettre/coinbase-advancedtrade-python # Perform a market buy client.fiat_market_buy("BTC-USDC", "10")

[@biglonniegruhn]

Will this work for say Doge or XRP?

[@RhettReisman]

Yes

[@biglonniegruhn]

@RhettReisman ty. I'm try this out. How has it been doing for you?

[@myxalplyx]

Very cool and informative. I just looked at a couple of your other videos as well. I'm trying to make a automated trading bot with a fairly simply strategy, that will be continuous. This is a good start. Not gonna lie, programming is beyond me but I understand it if I get way down into the weeds and details. I'm looking for simplicity in setting up though.

[@RhettReisman]

AI can help a lot now. Cursor is super helpful for programming and ChatGPT and Claude have come a long way: kzbin.info/www/bejne/eXSUZZtvib9rmMksi=zIifohZqJ8RUYzgH

[@Arjun-iu7qo]

Did you compare the results with fear and greed strategy? E.g buy half when greed and buy 1.5x when fear.

[@RhettReisman]

Planning to do a video where we run both in parallel for a year in separate Coinbase portfolios to see the difference. Will be interesting. Coinbase portfolios are perfect for this use case

[@hydrozyk]

Any info on how to do it on my own machine? Etc, not on AWS.

[@user-kw2hs8eu1s]

One way would be to install Ubuntu Server on a machine, as a virtual machine, or cloud instance making sure you install and use python 3.9 but why would you do that unless you are just developing when he says AWS is free. It's going to be near 100% uptime with no cost to you.

[@RhettReisman]

I build out something similar locally in this video: kzbin.info/www/bejne/kGHakKeYbpZrgZIsi=5L9SCs-SN1t2XIBh

[@BennetRosolanka]

This is great. How can i do it with a market order?

[@RhettReisman]

Code for market buys is in the github: github.com/rhettre/coinbase-advancedtrade-python # Perform a market buy client.fiat_market_buy("BTC-USDC", "10")

[@wildmanbeyond]

Is there a way to use this method with Coinbase without coding? because I know some others do.

[@RhettReisman]

You need to code to execute more complex strategies. Only other option would be to subscribe to someone's app that does it for you.

[@rasmusskov5897]

a couple of questions: 1. so this bot cant both buy and sell? 2. can you show your personal custom buy and sell strat numbers?

[@RhettReisman]

The can buy or sell. I run a few different strategies in separate portfolios - planning to make a video some time next year to share which ones have outperformed

[@alessandrobernini6034]

Hi, very cool feature! if I test it on aws it shows me that he can’t find the module “coinbase_advanced_trader”… did you include it in the release .zip file? In the video you don’t use the same zip file you downloaded… can you help me?😅

[@sortediak7750]

Hi, very interesting. I am using your kraken dca script and want to know if you'll update it with alphasquared ? Thank you

[@RhettReisman]

I don't have any videos planned for it - I haven't used Kraken in a while. I would be open to highlighting community efforts to update the Kraken code into a new python wrapper if you can convince someone in the Discord to help you build it: rhett.blog/discord