How to Get Started with Bot18: A High-Frequency Cryptocurrency Trading Bot

May 7, 2024 | Data Science

Are you interested in diving into the world of cryptocurrency trading? Meet Bot18, a high-frequency trading bot crafted by the brilliant mind behind Zenbot, Carlos8f. However, before you set sail, keep in mind that Bot18 is currently in its BETA stage – which means it’s a work in progress! In this guide, we’ll explore how to get started and optimize your trading experience while troubleshooting any potential bumps along the road.

Getting Your Feet Wet: Setting Up Bot18

First things first, let’s walk through the installation and initial setup process of Bot18. Here’s what you need to do:

  • Prerequisite: Make sure you have Node.js version 8.3.0 or higher installed on your system.
  • Open your terminal or command prompt and type the following command:
    npx bot18
  • If it’s your first time running Bot18, log into your ZalgoNet account. Don’t have an account? You can create one here.
  • Your data is protected with strong encryption protocols for secure transactions. This ensures everything, from communications to local storage, is kept safe from prying eyes.

Unlocking Bot18’s Full Potential

To unleash the full capabilities of Bot18, you’ll need an 8-digit Unlock Code, available for only $49.99 during the beta phase. You can purchase this code at bot18.net/beta. However, if you prefer to test the waters, you can use a trial account with limited functionality by entering ‘guest’ as the username or running it with the --channel trial option.

Configuration is Key

Optimization is essential for any trading bot. Here’s how to configure your Bot18 settings:

  • Copy the example configuration file from the repository to bot18.config.js in your working directory. Make sure you modify the file to suit your trading preferences.
  • Secure your configuration file by setting the correct permissions. You can use the following command:
    chmod 0600 bot18.config.js
  • If you have MongoDB installed, consider enabling data streaming to MongoDB by setting c.mongo.enabled=true in your configuration file.

The Journey of Beta Features

As a beta release, Bot18 doesn’t come with all the bells and whistles, but it provides promising features, such as:

  • Monitoring live trade streams from Bitfinex and Coinbase Pro.
  • Support for live trading on Coinbase Pro, tracking account balances and trading performance.
  • Auto-trading based on experimental strategies, though it is currently discouraged for serious trading.

Troubleshooting Tips

While setting up and operating Bot18, you might encounter some issues. Here are a few quick troubleshooting ideas:

  • Problems connecting to ZalgoNet: Ensure that your credentials are correct and that you have a stable internet connection.
  • Error messages upon launching: Double-check that Node.js is correctly installed and running.
  • Unlock Code issues: If your unlock code isn’t working, verify that you entered it correctly and that it hasn’t expired.

If problems persist, don’t hesitate to reach out through the bot18.net website. For more insights, updates, or to collaborate on AI development projects, stay connected with fxis.ai.

Final Thoughts

At fxis.ai, we believe that such advancements are crucial for the future of AI, as they enable more comprehensive and effective solutions. Our team is continually exploring new methodologies to push the envelope in artificial intelligence, ensuring that our clients benefit from the latest technological innovations.

Happy trading! With Bot18, the world of cryptocurrency trading is at your fingertips.

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