Algorithmic Robinhood Crypto Trading with Python in the Cloud
Using free tools such as AWS’s Chalice and Lambda frameworks and Tradingview’s Alert functionality, it is possible to build fully automated trading bots on Robinhood without human intervention.
Robinhood has been making several headlines this year. Following their IPO this summer, they have shown a clear commitment to driving innovation to differentiate themselves within the brokerage competitive space, and are removing barriers to entry for retail investors. With the addition of wallets to Robinhood Crypto, users will now be empowered and enabled to trade crypto in an entirely different way.
Crypto wallets on the platform will enable users to own their currencies and trade them fee-free. Compared to platforms such as Binance.US and Coinbase which charge considerable percentages of transactions, Robinhood would allow for frequent trading routines to be unhindered from the compounding losses resulting from frequent trades on other platforms.
Individual wallets also open the door to opportunities such as arbitrage, allowing investors to pocket the difference between spot prices on exchanges with Robinhood now included as part of the system with a larger number of…
