In this level, we will teach you how to set up your Hummingbot in the cloud so that you can run Hummingbot 24/7 to maximize your profits and rewards. We will also teach you tips on managing your trading performance (P&L) and multiple bots, as well as advanced trading tips and strategies.
The goal of this level is to help you get breakeven PnL!
Set up a cloud server for Hummingbot
Set up Telegram integration with Hummingbot
Mission 3.2: Set up Telegram integration with Hummingbot if you haven’t done so. It allows you to monitor your bot on Telegram and on-the-go and one of the popular features that our traders find helpful
Set up a P&L jupyter notebook / github repo
Use token loans to reduce inventory risk
Get breakeven PnL through cross-exchange market making
Mission 3.5: Cross-exchange market making is one of the relatively ‘easier’ strategies for you to get breakeven PnL as you can reduce inventory risk. Try fine-tuning your cross-exchange market making strategy to get break-even PnL. To be successful in cross-exchange market making, the speed of servers also matter. Feel free to reach out to #trader-chat to learn more about the servers different members are using.
As a recap, here’s more about the cross-exchange market making (XEMM) strategy:
Run spot perpetual market making strategy