In this guide, we'll walk you through the detailed steps required to seamlessly set up a Vega Wallet, link it with Hummingbot, and start running powerful algo trading strategies on the Vega decentralized exchange.
Watch the guide on Youtube and let's get started!
These instructions help users navigate the installation, configuration, and operation of (OSS) Hummingbot high-frequency trading bot running Automated Market Making Arbitrage or Range Automated Market Making strategies on Osmosis DEX over the Hummingbot Gateway.
Welcome to our user guide which will embark you on a decentralized trading journey that combines Dexalot's cutting-edge technology built on Avalanche blockchain and Hummingbot's advanced trading capabilities.
Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on Binance exchange as of August 2022, and 90 million customers worldwide.
This section provides a step-by-step guide that helps you use Hummingbot with Binance, starting with generating exchange API keys and adding them to Hummingbot. All information is sourced from the exchange website and other content.
Hyperliquid is a cutting-edge trading exchange that has revolutionized the way individuals engage with digital assets. This exchange is renowned for its introduction of Hyperliquid Vaults, a novel concept that allows both individual traders to optimize their trading strategies and earn profits from their investments.
This guide is designed to walk users through the process of utilizing Hummingbot, an automated trading bot, to trade on Hyperliquid Vaults, thereby automating their trading activities. By integrating Hummingbot into your trading routine, you can take advantage of its sophisticated algorithms to automate trade execution, manage risk, and potentially increase your profitability without the constant need for manual oversight. Whether you're aiming to optimize your trading strategy or simply wish to diversify your investment approach, this guide will provide you with the necessary steps and insights to effectively use Hummingbot on the Hyperliquid platform.
Polkadex is a state-of-the-art decentralized exchange on the Polkadot network, offering a seamless blend of the high-speed trading typically found on centralized platforms with the security and autonomy of a DEX. This guide walks through setting up a Polkadex wallet and initiating trading with Hummingbot.
By leveraging Polkadex and Hummingbot, traders can enjoy a high-performance, secure, and automated trading experience without the custodial risks, making it an ideal platform for both novice and seasoned traders in the cryptocurrency ecosystem.
This brief guide will introduce you to the process of installing and deploying Hummingbot using Docker. You will learn step-by-step how to set up Hummingbot using Docker Compose, a tool for defining and running multi-container Docker applications, and then run your first algo trading strategy!
Install Docker: Step-by-step instructions to installing Docker and Docker Compose,
Hummingbot Interface: Uncover the essentials of the Hummingbot interface, including layout and navigation.
Running a Script: Learn how to run an algo trading strategy as a Hummingbot script.
Connecting API Keys: Master the crucial process of integrating API keys with Hummingbot, ensuring secure API-based bot trading across various exchanges.
With all the groundwork in place, it's time to unlock the full capabilities of your trading tools. Let's dive in!
Hummingbot runs on commodity hardware and does not require much memory or storage.
Hummingbot requires Windows Subsystem for Linux 2 (WSL2).
Install Linux on your Windows system: https://learn.microsoft.com/en-us/windows/wsl/install.
Afterwards, execute the following commands in your terminal to install Docker:
curl -fsSL https://get.docker.com -o get-docker.sh
sudo sh get-docker.sh
sudo usermod -aG docker $USER
The easiest and recommended way to get Docker Compose is to install Docker Desktop. Docker Desktop includes Docker Compose along with Docker Engine and Docker CLI which are Compose prerequisites.
Download and install the Docker Desktop for Mac.
If you already have Docker Engine and Docker CLI installed, you can install the Compose plugin from the command line:
In your terminal, clone the Hummingbot Github repository:
The docker-compose.yml file contains the basic instructions to deploy Humminggbot:
Use the following command to create the Docker container:
This will start the container in the background and we'll need to attach to it to be able to send commands to it. Run the following command below:
We should now have Hummingbot running and in the next section we'll go over the Hummingbot Interface
Hummingbot operates through a Command Line Interface (CLI), a text-based system ideal for automated cryptocurrency trading. Unlike graphical interfaces, CLIs rely on text commands to function. Let's dive into how to use it effectively.
If you are using Hummingbot for the first time, the system will prompt you to create a password. There are no character requirements, although we recommend using a strong password for additional security.
The password in Hummingbot encrypts sensitive data such as API keys, secret keys, and wallet private keys. For security reasons, the password is only stored locally in encrypted form, and we do not have access to it.
After you set a password you should now be in the main Hummingbot screen
The CLI is organized into several key areas:
Input Pane (Lower Left): Here, you input your commands.
Output Pane (Upper Left): This displays the results of your commands.
Log Pane (Right): Here, you can view log messages.
Top Navigation Bar: Shows the version, current strategy, and strategy file.
Bottom Navigation Bar: Displays trades, CPU usage, memory, threads, and duration.
For a more in-depth look, visit User Interface
CTRL + P + CTRL + Q - This exits the bot but keeps it running in the background
CTRL + X - Exits config
Double CTRL + C - Exits the bot completely
CTRL + V to paste in Hummingbot does not work, to paste try one of the following commands:
CTRL+SHIFT+V
SHIFT + RMB (right-mouse button)
SHIFT + INS
Next, let's learn about running a simple PMM script in Hummingbot
Let's use the v2_directional_rsi.py script. This is a configurable script that uses the Relative Strength Index (RSI) to trade cryptocurrency futures contracts. For configurable scripts, the first step is to create a config file. Here's how to create one:
When you enter the create --script-config command and press SPACE Hummingbot will display available scripts in the scripts folder, as shown below.
Select the v2_directional_rsi.py script and press ENTER.
You will then be guided to configure the settings. At this stage, you may modify the options or simply hit ENTER to accept the default values.
Give the config a name and press press ENTER to save it.
Once the config is saved we can now launch the script. Enter the command below to launch the script!
Note that the autocomplete will popup after pressing SPACE after both the --script and --conf parameters so you can just select the correct script / config file from the list and then press ENTER
After pressing ENTER you should be able to see activity in the log pane. Use the status command for more details or press CTRL + S. It should resemble the screen below.
Default Configs
Please note that the default values for the script config may not work for each and every exchange / scenario. You may need to tweak the script config in order for the bot to be able to place orders. If you encounter any issues check the log pane and the log files for more information on what the issue may be.
To stop the script from running, type the stop command in the Hummingbot terminal
Congratulations! You've successfully run your first scripts Next, we'll learn how to connect API keys for live trading.