Robinhood Trading Bot
Please find the GitHub repo at RobinhoodTradingBot, download the code, make changes, and have fun!
Building a Robinhood trading bot in Python involves using the Robinhood API to programmatically access your brokerage account, analyze market data, generate trading signals, and execute trades automatically. Here are the general steps to follow:
Install the robin-stocks Python library, which provides an easy-to-use interface to the Robinhood API.
Authenticate with the Robinhood API using your account credentials and obtain an access token.
Use the robin-stocks library to access account data, such as available funds and open positions.
Retrieve market data using a data provider or a public API, and preprocess it into a format suitable for analysis.
Implement your trading strategy using Python code, which can involve technical analysis or other methods.
Generate trading signals based on your strategy using the market data, and use the robin-stocks library to place trades automatically.
Test your bot extensively using a paper trading account or a small amount of real funds to ensure that it performs as expected and follows your trading rules.
Monitor your bot’s performance and adjust your trading strategy as necessary. Be mindful of any risks or limitations associated with automated trading, and always stay within your risk tolerance and investment goals.
Note that building a trading bot is a complex undertaking that requires a good understanding of trading principles, programming, and risk management. It’s important to do your own research and due diligence before embarking on such a project, and to seek professional advice if necessary.