Post
Topic
Board Trading Discussion
Re: I coded a bot that buys bitcoin every time Elon Musk tweets about bitcoin and op
by
fullhdpixel
on 03/04/2021, 08:52:53 UTC
The bot will open a buy position on bitcoin every time Elon mentions bitcoin in his tweet
Take profit is set to 10% and stop loss to 5%
The bitcoin bot will not place another trade if there is already an active trade (can be adjusted)
Not a bad strategy at all but if you ask me, I would rather prefer to do this manually. I mean I would want the bot to intimate me once Elon Musk has tweeted something about crypto and then I can quickly check what the tweet is, based on how positive or neutral the tweet is, I can then invest and cash out later once the market is hyped up.

But overall a very good idea and indeed the market moves up every time he makes a comment about crypto in general and dogecoin is a prime example of how words and tweets can disrupt the market.