How to Get Started with DEXBot: Your Guide to AI-Driven Trading

Oct 25, 2021 | Blockchain

Welcome to the world of DEXBot, where your trading strategies meet automation! DEXBot provides an intuitive GUI and CLI interface for executing trading strategies on exchanges. In this article, we’ll explore how to download, install, and run DEXBot on various platforms, while also diving into troubleshooting tips to enhance your experience.

Getting Started: Downloading DEXBot

Understanding DEXBot’s Functionality

Think of DEXBot as a well-trained butler who may not always predict your needs but can certainly execute your commands with precision. DEXBot comes with two main strategies for market making:

  • Relative Orders: This strategy requires precise market predictions; imagine trying to shoot a dart at a moving target. It thrives in sideways or Arbitrage Enabling markets.
  • Staggered Orders: Picture planting seeds in a garden, requiring time and patience to grow. This ‘set and forget’ strategy thrives in uncertain conditions and is ideal for bootstrapping new markets.

Installing DEXBot

Here’s how you can get DEXBot running smoothly on your system:

  • Check the installation instructions on the Wiki for Linux, Windows, OSX, and Raspberry Pi.
  • For Windows users, follow the comprehensive setup guide on the Windows setup guide.
  • Linux users can refer to the Linux setup guide.

Running DEXBot in Docker

For those savvy with Docker, here’s how to run DEXBot efficiently:

mkdir dexbot-data dexbot-config
docker run -it --rm -v $(pwd)/dexbot-data:/home/dexbot/.local/share/dexbot dexbot:latest uptick addkey
docker run -it --rm -v $(pwd)/dexbot-config:/home/dexbot/.config/dexbot -v $(pwd)/dexbot-data:/home/dexbot/.local/share/dexbot dexbot:latest dexbot-cli configure

To run in unattended mode, ensure you provide your wallet passphrase:

docker run -d --name dexbot -e UNLOCK=pass -v $(pwd)/dexbot-config:/home/dexbot/.config/dexbot -v $(pwd)/dexbot-data:/home/dexbot/.local/share/dexbot dexbot:latest dexbot-cli run

Troubleshooting Common Issues

If you encounter issues while using DEXBot, consider the following troubleshooting ideas:

  • Ensure that your Docker environment is properly configured and has the necessary permissions.
  • Check the threads on the Telegram Chat for DEXBot for community support and advice.
  • Revisit the installation guidelines provided in the Wiki for configuration errors.

For more insights, updates, or to collaborate on AI development projects, stay connected with fxis.ai.

Conclusion

DEXBot provides a unique opportunity for traders to leverage automation in the ever-evolving cryptocurrency space. With its flexible strategies and support for various platforms, it stands as a valuable tool for both novices and seasoned traders alike. Remember, while profits can be generated based on your predictions and market assumptions, risks are always involved.

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.

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