Hello crypto traders! Here at Coygo we’ve spent the last year working on a brand new product called Coygo Forge that is now available as part of Coygo Bots, our fully automated cryptocurrency trading bot platform. Today I’ll be discussing Coygo Forge’s benefits and how you can use it to improve and automate your crypto day trading workflow.
Coygo Forge is designed to excel at automating day trading strategies that focus on real-time data and short (second or millisecond) intervals such as arbitrage or scalping.
Coygo Forge trading bots are secure & run entirely on your machine. Your exchange account credentials are only stored encrypted on your machine. Coygo’s servers do not have access to your exchange accounts.
Coygo Forge is the underlying engine of Coygo Bots, our fully automated cryptocurrency trading bot platform.
Coygo Forge is accessible within Coygo Terminal, our downloadable cryptocurrency trading terminal software that works with most major exchanges.
Read on below for more details and screenshots!
If you’ve ever been interested in creating your own custom crypto trading bots to automate parts of your day trading workflow then we hope you’ll give Coygo Forge a try! As always, all of our subscription plans include a free trial so we welcome you to download Coygo Terminal and give Coygo Forge a shot. Your feedback is very valuable to us.
The Coygo Forge intefrace for coding custom Bot Strateagies
Ready to dive in and start coding? See our guide!
Or follow along in our video guide:
The Forge Editor
Browse Example Strategies for working code examples
In the “Learn Sidebar” you’ll also find “Example Strategies”. These example strategies are a great starting point to get familiar with the basics of creating your own custom crypto trading bot strategy with Coygo Forge. For each example you can see the full working code so these provide a great reference point when learning.
Example Strategies include full working code examples
What can I do with Coygo Forge?
Coygo Forge is built for real-time data and short (millisecond or second) intervals. We provide the tools to let you access real-time order books and OHLCV data feeds, submit orders, cancel orders, read wallet balances, and lots more, and it’s up to you to decide what you can do with those tools.
Submit or cancel orders, access real-time order books & OHLCV/candlestick data, read wallet balances, & more.
Code one Strategy that can be used on all supported exchanges. Your Strategy is not restricted to any one exchange.
Use advanced OTO (One-Triggers-Other) orders to create powerful automations.
Use OCO (One-Cancels-Other) orders to configure simultaneous stop-loss and take-profit conditions in a single order.
Use technical indicators like MACD, RSI, Bollinger Bands, EMA, & SMA.
We’ve included the Example Strategies to demonstrate the power of Coygo Forge and hopefully inspire creativity in our users. To give you an idea of the possibilities Coygo Forge offers we’ve created examples such as:
Momentum reversal trader: MACD + RSI + Bollinger Bands
Spot grid trader — Uses the popular grid trading quantitative strategy
Drop hunter — Buy when the price drops a certain % within three intervals
Simple market maker
Static midpoint swing trading
Trade when Relative Strength Index (RSI) is overbought/oversold
Trade Moving Average Convergence Divergenge (MACD) crossovers
Simple arbitrage between two exchanges with limit orders
What are the limitations of Coygo Forge and Coygo Bots?
Because Coygo Bots is built for automating day trading strategies it may not be the right choice for you depending on your trading needs.
Limited to trading on shorter intervals (5 minutes or less)
Coygo Bots is designed to excel at trading on second or millisecond intervals using real-time data. If you want to run a trading bot that operates on 1 hour or 1 day intervals Coygo Bots may not be the best solution for you.
Requires your computer to remain on while a Bot is running
Coygo Bots runs entirely on your machine and not our servers. This is for security reasons so that our servers never have access to your exchange accounts, as well as for performance reasons so that your trading bots can access fully real-time data directly from exchanges. Because of this your computer must remain on while Coygo Bots are running. If you want to run a trading bot for a week straight Coygo Bots may not be the best solution for you.
No margin trading support
Coygo operates within the United States and unfortunately here in the U.S. there is little to no legal and compliant support for margin trading with crypto. When major U.S. exchanges offer support for margin trading we will be happy to reconsider this.
Live paper trading, no backtesting support
Many trading bot platforms offer backtesting to test how a strategy would have performs over a previous span of time. Due to Coygo Bots and Coygo Terminal’s focus on real-time day trading strategies that operate on millisecond or second intervals, Coygo Bots offers simulated “paper trading” in real-time but not using historical data.
Try Coygo Forge for free!
You can try Coygo Forge and Coygo Bots for free today by signing up for any of our subscription plans and starting your free trial. We would love to know what you think! As Coygo Bots is currently in beta we sincerely appreciate your feedback.