This is part 6 in a series of articles on the Nefertiti trading bot. If you don’t know what Nefertiti is or does, please refer to part 1 in this series.
Nefertiti comes with a built-in strategy that is simple but proven; buy the dip, then sell those trades as soon as possible, preferably on the same day.
However, some traders might prefer an alternative strategy. Starting with Nefertiti 0.0.17 we’re pleased to announce a cooperation with MiningHamster, an awesome Telegram bot that sends trading signals to your phone.
MiningHamster is a service that monitors crypto markets and notifies you when a crypto asset gets unusual amount of market action. Starting with version 0.0.17, the Nefertiti trading bot now supports listening to those signals, and then act upon them. Here’s how to set that up.
Those familiar with Nefertiti already understand that you’ll need to be running two instances of the trading bot in tandem, that we simply refer to as
Setting up a
sell bot hasn’t changed and is the simplest command. We recommend setting this one up first. Open your Terminal (MacOS) or Command Prompt (Windows) and then enter this:
./cryptotrader sell --exchange=Binance --strategy=4
sell bot will ask for your API and Pushover keys. Please note that you should NOT give Nefertiti (or any other bot for that matter) API keys with withdrawal privileges. Stop here and confirm that your API keys do not include such privileges, then generate a new API key pair if they do.
Now that Nefertiti is ready to sell your trades, let us set up the
buy bot. Contrary to the built-in strategy, you don’t need to launch a
buy bot for every market pair. Open your Terminal (MacOS) or Command Prompt (Windows) and then enter this:
--signals tells Nefertiti what Telegram bot to listen to. In this example, Nefertiti will listen to signals coming from MiningHamster.
--repeat instructs Nefertiti how often you want to repeat the
buy command. In this example, the
buy bot will pull for new signals roughly every 30 seconds.
Please refer to this earlier article for information on the other arguments.
Nefertiti will ask you for your MiningHamster API key. Please subscribe here for your MiningHamster API key. Your MiningHamster API key is individual and not to be shared.
Nefertiti is freeware. But if the bot is making you money, then I’d appreciate a BTC donation here:
Your donation will improve the bot and keep this project moving forward. Thanks!
Disclaimer: investing in crypto is high risk. Never spend money on crypto you cannot afford to loose. Use crypto bots at your own risk.