Gunbot Autoconfig Automatic Trading Pair Selection Experienced bot traders know that selecting “good” trading pairs can make or break an account. But, selecting trading pairs that fit a specific trading strategy is typically a task that takes quite a bit of manual work. Not great when you got into trading automation to get work off your hands. Selecting trading pairs that match your trading strategy can make or break the results. Frequently selecting new tradings pairs works, because pairs must match the intended strategy. Trading strategies tuned for bullish markets will usually perform awful when the market goes down, the same is true for strategies tuned for other market conditions. I took the challenge and tried to build actual great tools for automatic pair selection in Gunbot. It’s part of a module called AutoConfig, which can automate a lot of operator tasks within Gunbot and solve the problem of selecting a specific coin pair to trade. In this post, I’ll describe some of the ways you can work with AutoConfig to automatically select trading pairs. What’s hard about pair selection for a trading bot? When trying to automatically scan for new trading pairs, several hundred markets on an exchange must be scanned often, and fast. The amount of data involved is huge when doing this with candlestick data, tickers are more suited but come with the problem that exchanges do not provide historical ticker data and tickers contain only very limited data like 24h change, current prices, and 24h volume. Due to this limitation, other bots often provide only rudimentary pair filters directly based on the data available in tickers, like “select trading pairs with a daily volume above 300 BTC”. This is a very limited approach. Finding pairs that fit your strategy is next to impossible with simple filters like this. Good pair selection tools would offer fine-grained filters that can help you identify the direction of a market, if the spreads are acceptably low, if the volume is increasing, etc. Gunbot can now do all of this, and more. Unique pair filters in Gunbot To tackle all the problems mentioned above, Gunbot can now track ticker data over time, for all pairs on an exchange. Together with a bunch of powerful filters, this allows for very precise pair selection. When selecting pairs, you can create your own set of filters. You can also create multiple filter sets to monitor for different very specific market conditions. Filters can be used for adding and removing trading pairs. This way you can make sure that Gunbot only trades the most interesting pairs at any time using the "Gunbot Autoconfig Automatic Trading Pair Selection" Basic filters options Some filters are pretty simple but very effective, think about options like: Exclude/blacklist specific pairs, base or quote currencies. Price filters: for example set a min/max price range to filter out extremely low valued pairs.range, for example, to filter out low satoshi valued pairs. Volume filters: you can filter for absolute volume ranges, but also above/below median volume or a pairs volume ranking. Volume rank can, for example, be used to only select the current top10 USDT volume pairs. Bid/ask spread: measures the percentage difference between the bid and ask, allowing you to filter out pairs with extreme spreads. Advanced filters options This is where it gets interesting. The advanced filters let you monitor the pair's direction and movement over time. Slope: the linear regression slope of a pair, expressed as a percentage of the most recent price. This tells you the predicted percentage difference between the current price and the next future price, as defined by how a Linear Regression Slope is calculated. You can use a min/max range to filter for specific slopes, for example excluding slopes too steep can be a good idea to prevent ending up with pairs that have just peaked already.

Visualization of linear regression slopes: green zones are positive slopes, red zones are downwards slopes. Price change: compare the current price with the average price for an interval. With this filter, you can easily detect if a pair is currently trading at rates above or below their average over a selected time frame. Standard deviation: measures the amount of variation in prices within a time frame. Expressed as a percentage from the most recent price. Using standard deviation filters you can detect pairs that show “fluctuation” from their mean price. This is very useful and an essential part of Autoconfig Automatic Trading Pair Selection, to separate almost static markets from potentially interesting markets to trade on.

Pair with very low standard deviation value.

Pair with a moderate standard deviation value. Standard deviation channel filters: plots a channel of the median price plus and minus the standard deviation. Triggers when price breaks down the lower band of an upwards channel, or when price breaks upwards of a downwards channel.

Gunbot Autoconfig Automatic Trading Pair Selection This is a repost of an article originally published on Medium Experienced bot traders know that selecting “good” trading pairs can make or break an account. But, selecting trading pairs that fit a specific trading strategy is typically a task that takes quite a bit of manual work. Not great when you got into trading automation to get work off your hands. Selecting trading pairs that match your trading strategy can make or break the results. Frequently selecting new tradings pairs works, because pairs must match the intended strategy. Trading strategies tuned for bullish markets will usually perform awful when the market goes down, the same is true for strategies tuned for other market conditions. I took the challenge and tried to build actual great tools for automatic pair selection in Gunbot. It’s part of a module called AutoConfig, which can automate a lot of operator tasks within Gunbot and solve the problem of selecting a specific coin pair to trade. In this post, I’ll describe some of the ways you can work with AutoConfig to automatically select trading pairs. What’s hard about pair selection for a trading bot? When trying to automatically scan for new trading pairs, several hundred markets on an exchange must be scanned often, and fast. The amount of data involved is huge when doing this with candlestick data, tickers are more suited but come with the problem that exchanges do not provide historical ticker data and tickers contain only very limited data like 24h change, current prices, and 24h volume. Due to this limitation, other bots often provide only rudimentary pair filters directly based on the data available in tickers, like “select trading pairs with a daily volume above 300 BTC”. This is a very limited approach. Finding pairs that fit your strategy is next to impossible with simple filters like this. Good pair selection tools would offer fine-grained filters that can help you identify the direction of a market, if the spreads are acceptably low, if the volume is increasing, etc. Gunbot can now do all of this, and more. Unique pair filters in Gunbot To tackle all the problems mentioned above, Gunbot can now track ticker data over time, for all pairs on an exchange. Together with a bunch of powerful filters, this allows for very precise pair selection. When selecting pairs, you can create your own set of filters. You can also create multiple filter sets to monitor for different very specific market conditions. Filters can be used for adding and removing trading pairs. This way you can make sure that Gunbot only trades the most interesting pairs at any time using the "Gunbot Autoconfig Automatic Trading Pair Selection" Basic filters options Some filters are pretty simple but very effective, think about options like: Exclude/blacklist specific pairs, base or quote currencies. Price filters: for example set a min/max price range to filter out extremely low valued pairs.range, for example, to filter out low satoshi valued pairs. Volume filters: you can filter for absolute volume ranges, but also above/below median volume or a pairs volume ranking. Volume rank can, for example, be used to only select the current top10 USDT volume pairs. Bid/ask spread: measures the percentage difference between the bid and ask, allowing you to filter out pairs with extreme spreads. Advanced filters options This is where it gets interesting. The advanced filters let you monitor the pair's direction and movement over time. Slope: the linear regression slope of a pair, expressed as a percentage of the most recent price. This tells you the predicted percentage difference between the current price and the next future price, as defined by how a Linear Regression Slope is calculated. You can use a min/max range to filter for specific slopes, for example excluding slopes too steep can be a good idea to prevent ending up with pairs that have just peaked already.

Visualization of linear regression slopes: green zones are positive slopes, red zones are downwards slopes. Price change: compare the current price with the average price for an interval. With this filter, you can easily detect if a pair is currently trading at rates above or below their average over a selected time frame. Standard deviation: measures the amount of variation in prices within a time frame. Expressed as a percentage from the most recent price. Using standard deviation filters you can detect pairs that show “fluctuation” from their mean price. This is very useful and an essential part of Autoconfig Automatic Trading Pair Selection, to separate almost static markets from potentially interesting markets to trade on.

Pair with very low standard deviation value.

Pair with a moderate standard deviation value. Standard deviation channel filters: plots a channel of the median price plus and minus the standard deviation. Triggers when price breaks down the lower band of an upwards channel, or when price breaks upwards of a downwards channel.