What Happens If You Build Your Own Trading Bot? I Tried It
I Built a Real-Time Paper Trading Bot (To Understand How Trading Systems Work and can i automate it) and it took me 3 weeks. so recently i wanted to understand how trading systems actually work beh...

Source: DEV Community
I Built a Real-Time Paper Trading Bot (To Understand How Trading Systems Work and can i automate it) and it took me 3 weeks. so recently i wanted to understand how trading systems actually work behind the scenes not just charts… but like: • how data comes in • how decisions are made • how trades are executed so i ended up building a paper trading bot for BTC/USDT (no real money involved 😅) what it does it connects to Binance WebSocket and gets live market data then on every 5-minute candle, it decides: • go LONG • go SHORT • or do nothing based on a simple strategy *the strategy *(kept it simple) i didn’t want anything too complex so i used: • EMA (50) → trend • RSI (14) → momentum entry logic: • LONG → price above EMA + RSI > 50 + green candle • SHORT → price below EMA + RSI < 50 + red candle entry happens exactly on candle close risk management (most important part) this was actually interesting to implement • only 1% risk per trade • stop loss based on structure (swing high/l