New Bitfinex Toolkit Will Improve Crypto Trading

Last week, the Bitfinex crypto exchange introduced users to the Honey Framework, a set of tools for programmable trading on its platform. Now users have the second element of the Honey Framework, its strategic part, to create their own trading strategies.

The tools presented earlier promise to help traders with high-quality execution of large orders, taking into account the best price, tracking market risk and monitoring the execution of transactions. A new set of open source libraries serves to create, test and implement trading strategies and trading bots.

Overall, the Honey Framework is intended to serve as a new standard for automated trading, providing a set of open source tools within the Bitfinex structure.

The new set of libraries includes bfx-hf-strategy, bfx-hf-backtest and bfx-hf-data-server, which together provide a complete trading strategy, backtesting support and full integrated into the Bitfinex interface. 

 Honey Framework also makes it possible to use the bfx-hf-indicators indicator and set your own trading strategy algorithm and quickly respond to market volatility, changes in trading volume or other specific cryptocurrency market events. The specified response parameters are determined by the set of indicators that will be used when creating the strategy and the set of update methods for each price cycle received by the API. 

User-created strategies can be tested in real conditions using a software interface or against existing historical data. 

For now, the new tools are available in alpha test mode, which means they may change in the future. 

According to https://medium.com