BinancePy: Python Powered Crypto Trading

This paper describes the creation and implementation of a cryptocurrency trading bot that uses the Binance API and the Relative Strength Index(RSI) indicator. The trading bot is intended to automate the process of purchasing and selling digital assets on the Binance exchange, capitalizing on market inefficiencies while reducing the need for ongoing manual involvement. The RSI indicator, a momentum oscillator that measures the pace and change of price movements, is used to determine if the market is overbought or oversold. By combining the RSI indicator with the Binance API, the bot may execute trades based on predetermined RSI criteria, allowing for more timely and strategic trading choices. The system architecture includes modules for data retrieval, signal creation, trade execution, and performance monitoring. Initial backtesting findings show that the bot may efficiently produce lucrative trades in certain market situations.