DOGS/USDT Trading Bot

This is a simple trading bot for DOGS/USDT that repeatedly buys and sells based on user-defined thresholds. The bot:

• Buys DOGS when the price is at or above a specified "buy threshold."
• Sells the entire DOGS position if the price falls to or below a specified "sell threshold."
• Repeats this process indefinitely.

Features

• Customizable Thresholds: You set the buy and sell thresholds when starting the bot.
• Simple Logic: No complex indicators—just price levels and automated order placement.
• Continuous Operation: The bot checks the price every minute and reacts accordingly.

Prerequisites

• Python 3.6+
• The following Python packages:

- ccxt - json - time - logging

You can install the required packages via pip:

pip install ccxt

Configuration

Before running the bot, make sure to update the following variables in the code:

• APIKEY and APISECRET: Your MEXC exchange API keys.
• SYMBOL: The trading pair (default is DOGS/USDT).
• ORDERSIZEUSDT: The amount of USDT to spend on each buy order.
• ORDER_TYPE: The order type ('limit' or 'market').

Usage

• Run the script:

python trading_bot.py

• Enter thresholds:

You’ll be prompted to enter your buy and sell thresholds. For example:

Enter your desired BUY threshold for DOGS: 0.000205
   Enter your desired SELL threshold for DOGS: 0.000200

• Let it run:

The bot will start and continuously check the current price, buying and selling as conditions are met. Logs are stored in trading_bot.log.

How It Works

• No position held:

If the current price is at or above the buy threshold, the bot places a buy order and sets the position to "held."

• Position held:

If the price falls to or below the sell threshold, the bot places a sell order, clears the position, and starts looking for the next buy opportunity.

Notes

• Profit and Risk: This bot does not guarantee profits. It’s a simple price-based trading strategy, and you should fully understand the risks before using it.
• API Permissions: Ensure your API key has the necessary permissions for reading balances and placing trades.