Post
Topic
Board Project Development
Re: Trade Tweets with your trusted Broker
by
ShareTheVibes
on 15/01/2023, 14:33:15 UTC
Hi @hugeblack!

To quote your example, the exact process would be the following:

a) Assuming Elon musk tweets "I will buy Bitcoin for 1$" ->

b) For your bot to be activated, you need to enable a "Musk Bot" by following Elon Musk, and at it add the keyword "Bitcoin". This will trigger a buy order at your Binance account...

A good example would be to follow Musk and trigger buy orders with 2 keywords, Bitcoin and Doge...

 - Will the decision-making be based on keywords, for example, Elon, bitcoin, buying?
Yes, to begin with.
 - Or will artificial intelligence decide?
Yes, in the near future we will give this option, at the moment we use AI to understand images (for example Musk sharing a BTC image). We also use ChatGPT for additional help.
 - Or will the algorithm monitor the market and from which the decision will be taken.
Also yes in the near future, at the moment we are too small to be doing big steps though so we are first focusing on perfecting the basics.
 - Or will the influential people control the execution of orders?
In a way yes, people with big influential groups have the power to move the market and we know for a fact that there are tons of institutions trading based on tweets (Alameda Research for example was also trading Musk's tweets).

How do you take profit:
A simple Take profit parameter that you will need to enter (otherwise you will never exit the position in the first place)

What more:
There is going to be an option for full sentiment trading based on the tweets, however at this stage we are simply going to perfect the basics...

That being said, we would greatly appreciate any feedback on the product, feel free to contact us if any through Twitter or Discord!

Thank you for your questions!

What is the decision-making mechanism? Will keywords be used? Artificial intelligence? market movement? Or what.

Suppose, for example, that Elon Musk mentioned this tweet: I will buy #Bitcoin for $1.

 - Will the decision-making be based on keywords, for example, Elon, bitcoin, buying?
 - Or will artificial intelligence decide?
 - Or will the algorithm monitor the market and from which the decision will be taken.
 - Or will the influential people control the execution of orders?

Personally, I see that even the influencers depend on the herd policy, and therefore they will not create the market trend, but rather contribute to amplifying it.