Hummingbot Academy

[Academy Level 4] A. Professional — Setting custom scripts & webhooks

Advanced TWAP strategy

Advanced TWAP


The “twap_plus” strategy highly involves the Relative Strength Indicator (RSI) trend of a certain trading pair to execute trades. This way users can setup bots to match whenever the RSI levels are theoretically giving “Buy” signals or “Sell” signals and decide potential entry and exit points.

This strategy is a simple bot that places a series of limit orders on an exchange, while allowing users to control order size, price, and duration.

We recommend this strategy as a starting point for developers looking to build their own strategies, and it is used as reference for articles in Developer Reference: Strategies.

Advanced TWAP Strategy

Documentation:

TWAP - Hummingbot Foundation


Building your custom strategy

Here are some starting guides to building your custom strategy:


Coding practice: strategy coding for dummies

Here’s a great coding in practice that you can try by following the instructions in the following blog post written by developer and Hummingbot trader Ben. In this example, you will learn how to change some basic parameters for Hummingbot’s cross exchange market making strategy:

[Coding in Practice] Strategy coding for dummies by trader Ben


Using Tradingview and webhooks to automate Hummingbot

In this post, we explain the advantages of using TradingView alerts and the steps required to create and connect them to your Hummingbot to help streamline and automate your trading experience.

How to automate Webhooks and use trading view

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