Dear Hallandale,
Thank you for considering my proposal for your interesting project on “Designing an Algo Trading Bot with Python.”
- Project Understanding
The project you described is a challenging programming task that requires extensive programming skills and valuable experience in developing Auto Trading Robots. The output of this project should be a Python code developed to work automatically based on the user’s strategy and its user-defined parameters on specified timeframes to make proper signals and trade based on the signals. In other words, the main objective of the project is to develop a stable computer program to trade automatically like a human user based on the rules you define.
- Key Components
To achieve this objective, we should consider 8 main parts that need to be addressed precisely. Each part requires clear programming, debugging, and testing to ensure its efficiency. These parts should then be aggregated to create a complete auto trading bot. The main parts of this project are as follows:
1. Getting indicators and strategy parameters from the user for each specific stock or symbol in the market.
2. Downloading the required historical candle data (O, C, H, L, V, T, etc.) for defined symbols on specified timeframes to use for necessary calculations.
3. Retrieving required candlesticks online and adding them to the previously downloaded data.
4. Determining the close time of each candle in each required timeframe and waiting for each candle to close.
5. Calculating specified indicators and generating buy/sell signals based on the user’s strategy and its parameters.
6. Selecting compatible signals based on the strategy’s rules and currently open positions for different symbols.
7. Trading based on the final signals.
- Timeline
Based on my experience and skills in this specific field, and the summary description you provided, this project should take between 1 to 2 weeks to complete. A more realistic approximation of the required time depends on the details of your needs, your trading strategy, and its complexities. However, the estimated timeline for this project is as follows:
1. Initial Consultation: Considering the details of the project, checking all your needs and objectives [0.5 Day]
2. Technical Review: Checking the objectives, challenges, and requirements, and developing the main algorithm [1 Day]
3. Development (Parts 1-4): Developing Python code for parts 1 to 4 [2 Days]
4. Development (Part 5): Developing Python code for part 5 [1.5 Days]
5. Development (Parts 6-7): Developing Python code for parts 6 and 7 [2 Days]
6. Testing: Debugging and packaging [1.5 Days]
7. Presentation: Presenting and guiding the user on how to use the software [0.5 Day]
- Budget
The estimated budget for completing this project with clear, object-oriented, and stable coding in Python is $700. However, there are additional objectives that could be considered as extended parts of the project, which may need an extended budget. These parts could be added based on further detailed discussion and your priorities and goals. Examples of such parts include:
1. Making reports of indicator values, trade data, profit or loss, etc., and saving them in independent files (e.g., MS Excel) for future use.
2. Optimizing strategy parameters based on historical data to achieve maximum efficiency and profit.
3. Reporting signals and trade data on your messengers, such as Telegram.
- Experience
I have 15 years of experience in computer programming with various programming languages and have worked on several challenging programming projects. Additionally, I have 3 years of experience in Python programming in different areas and have extensive experience using this programming language.
Furthermore, over the past 2 years, I have focused on developing Auto Trader Robots for the cryptocurrency market. I have implemented several complex trading strategies for SPOT and FUTURES markets, resulting in software packages with more than 8000 lines of Python code. I have also worked on two other projects for optimizing strategy parameters to maximize profit, which required extensive coding skills and mathematical knowledge.
- Conclusion
In summary, I have the knowledge, skills, and experience related to your project and can handle all complexities and challenges that may arise in achieving the project objectives.
I am excited about the possibility of working on this project and am confident that I can deliver exceptional results. Please feel free to contact me if you have any questions or would like to discuss the proposal further.
Thank you for your consideration.
Best regards,
Mahmoudreza A.