In simple English
This tool automates your cryptocurrency trading on major exchanges like Binance and Coinbase. It runs various strategies including grid trading, dollar-cost averaging, and artificial intelligence prompts. You can test your strategies using historical data before risking any real money. The software is free and open source, but you must supply your own exchange accounts and API keys. It runs on your own computer or server, so your keys stay private.
What it is
OctoBot is an automated trading platform written in Python that connects to cryptocurrency exchanges via the CCXT library (a programming library for connecting to multiple cryptocurrency exchanges). It includes a web interface, backtesting engine, and support for automated rules.
What it is good for
Crypto traders who want to run automated strategies without writing code or paying for commercial subscription bots.
- Supports over 15 major cryptocurrency exchanges including Binance and Coinbase.
- Includes a built-in backtesting engine to test strategies against past market data.
- Runs locally or on a small server, keeping your exchange credentials under your control.
- Trading cryptocurrencies carries a high risk of financial loss from bad automated trades.
- Requires technical setup if installed via Python or Docker rather than prebuilt binaries.
- Relies on third-party exchange application programming interfaces that can change or break.
manual trading on exchange web interfaces
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docker run -itd --name OctoBot -p 80:5001 -v $(pwd)/user:/octobot/user -v $(pwd)/tentacles:/octobot/tentacles -v $(pwd)/logs:/octobot/logs drakkarsoftware/octobot:stable