How to Build an RSI Crypto Bot Using Coinbase Pro and Python

A step-by-step guide for how to create a foundational crypto bot using Coinbase Pro, RSI, python and WebSockets in under 5 minutes

Photo by Maxim Hopman on Unsplash

Introduction

When the worlds of finance and programming come together it allows for some very fun and exciting projects. Cryptocurrencies take that excitement to a whole new level because of the massive amounts of data. That data is being generated 24 hours a day, 7 days a week. What can be done with this data to derive meaning and knowledge is limitless. However, it is crucial to build a foundation. To begin, we will leverage the programming language of python, a library created for Coinbase Pro and a core technical analysis tool called RSI (Relative Strength Index) — buy low, sell high momentum trading strategy.

Toolkit

• Coinbase and Coinbase Pro
• pip install cbpro
• pip install ta
• Relative Strength Index

Step 1: Set up an account with Coinbase and Coinbase Pro

I would recommend setting up an account with Coinbase because of their rewards program. It will give you some capital to…