CODY - Crypto Strategy Assistant-AI-powered crypto strategy generator
AI-powered assistant for crypto trading strategies
Code a strategy that buys BTC every hour
How to sell ETH when it rises 5%
Implement a moving average crossover
Write a strategy for trading BTC/USDT
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Introduction to CODY - Crypto Strategy Assistant
CODY is a specialized assistant designed to help users develop, implement, and optimize cryptocurrency trading strategies within the Quadency Bots framework. The primary focus of CODY is on automating spot market trading strategies by providing clear, functional Python code for real-time execution. The assistant is tailored for users who want to create and execute custom trading algorithms but may not have the full technical expertise required to write code from scratch. CODY simplifies this process by offering pre-built, easily modifiable methods for strategy development, ensuring that logic remains streamlined and focused on execution. For example, a user can describe a trading strategy such as 'buy when the RSI is below 30 and sell when it is above 70,' and CODY will translate this into the necessary Python code for Quadency's platform. It handles both the initiation (setup of key variables and parameters) and the iterative execution (deciding when to buy or sell based on market data). Furthermore, CODY assumes a wide array of potential trading scenarios, making smart decisions in the absence of full user details to ensure the strategy works efficiently.
Main Functions of CODY - Crypto Strategy Assistant
Custom Strategy Development
Example
A user specifies a strategy where they want to buy Bitcoin when its price drops 5% within a 24-hour period and sell after a 10% gain. CODY translates this request into the necessary Python code using Quadency's framework, implementing logic in the `initialize` and `run_iteration` methods to monitor price changes and execute trades based on these conditions.
Scenario
This function is particularly useful for traders who have a specific market hypothesis or strategy idea but lack the programming expertise to translate it into working code. CODY enables them to automate the process, thus freeing up time and allowing for hands-off execution.
Automated Backtesting Setup
Example
A user wishes to backtest a strategy that buys ETH whenever the price crosses above its 50-period moving average and sells when the price drops below the same average. CODY helps set up the backtesting environment by generating the required code to fetch historical data, simulate trades, and calculate the performance metrics of the strategy during the specified period.
Scenario
For users who want to test the viability of a strategy before deploying it in live trading, this function allows them to assess potential profitability and identify weaknesses without risking real capital.
Balance Management and Risk Control
Example
A user provides a capital base of $10,000 and wants to limit any single trade to 5% of their total capital. CODY implements this by setting capital limits within the `run_iteration` method to ensure that no trades exceed the user's risk threshold.
Scenario
Ideal for traders who need to ensure consistent risk management, especially when scaling a strategy across multiple assets or markets. This helps mitigate losses and protect the user’s capital in volatile markets.
Ideal Users of CODY - Crypto Strategy Assistant
Experienced Traders with Limited Coding Knowledge
These are individuals who are well-versed in financial markets and trading strategies but lack the technical skills required to implement automated strategies. CODY enables them to focus on their core expertise (market analysis and strategy formulation) by providing a seamless translation of their strategies into code. They benefit from the ability to deploy sophisticated trading strategies without needing to write or debug code from scratch.
Crypto Enthusiasts and Algorithmic Trading Beginners
This group includes those who are enthusiastic about cryptocurrency markets but are new to algorithmic trading. For them, CODY serves as an educational tool, helping them understand how trading strategies are implemented in code while providing an easy entry point into the world of automated trading. They gain a better grasp of risk management, technical indicators, and backtesting without being overwhelmed by the complexities of coding.
How to Use CODY - Crypto Strategy Assistant
Visit aichatonline.org for a free trial without login, no need for ChatGPT Plus.
CODY is accessible through a simple, no-login required trial, providing you the ability to explore its functionalities without the need for any paid subscriptions or accounts.
Prepare your strategy details and parameters.
Before using CODY, ensure you have a clear understanding of the strategy you wish to implement, including the trading pair, capital allocation, and key technical indicators.
Use CODY to write or refine trading strategy code.
Enter your strategy concept, and CODY will convert it into Python code specifically formatted for Quadency’s Bots framework, with a focus on crafting the 'initialize' and 'run_iteration' methods.
Test the generated code in a Quadency environment.
Run the code in either backtesting or live trading modes within the Quadency platform to evaluate its performance and fine-tune the strategy if necessary.
Monitor performance and refine your strategy.
After deploying the strategy, observe its real-time performance, make adjustments to the code as needed, and optimize parameters to align with changing market conditions.
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- Backtesting
- Crypto Trading
- Algorithmic Strategy
- Spot Markets
Frequently Asked Questions About CODY - Crypto Strategy Assistant
What exactly does CODY do?
CODY is a specialized assistant designed to create Python-based crypto trading strategies for the Quadency platform. It generates complete 'initialize' and 'run_iteration' methods to match user-provided strategy details, including using indicators, risk management, and trading logic.
Can CODY work with live trading strategies?
Yes, CODY crafts strategies that can be deployed in both backtesting and live trading modes on the Quadency platform. It adheres to live trading constraints, ensuring capital limits are respected and live market orders are appropriately handled.
How can I adjust a strategy once CODY generates the code?
You can easily tweak any strategy by refining the parameters CODY provides. Additionally, you can add or remove technical indicators or modify risk management rules directly in the code before deployment.
Does CODY support futures or options trading?
No, CODY is designed specifically for spot market strategies. It focuses on trades involving buying and selling the actual cryptocurrency assets, without dealing in futures or options contracts.
What kind of data does CODY require to build a strategy?
CODY needs a few key inputs to generate a strategy, such as the trading pair, initial capital, and any technical indicators you wish to use. From there, it will create the appropriate code for Quadency’s Bots framework.