ByBit Trading Bot with TradingView ZigZag Strategy

📌 Overview

A sophisticated cryptocurrency trading bot that implements a TradingView-inspired ZigZag pattern recognition strategy for the ByBit exchange. The bot features a modern PyQt6-based GUI and Telegram integration for remote monitoring and control.

🚀 Features

Core Trading Features

• ZigZag Pattern Recognition: Implements TradingView's ZigZag indicator to identify significant market turning points
• Fibonacci Retracement: Calculates key Fibonacci levels for better entry and exit points
• Multi-timeframe Analysis: Scans multiple timeframes to confirm trading signals
• Real-time Market Scanning: Continuously monitors the market for new opportunities
• Risk Management: Implements stop-loss and take-profit levels based on market conditions

User Interface

• Modern PyQt6 Interface: Clean, responsive desktop application
• Real-time Monitoring: Track bot performance and market conditions
• Trading Dashboard: View open positions, P&L, and trading history
• Configuration Panel: Easily adjust trading parameters and strategies

Integration & Automation

• ByBit API Integration: Direct connection to ByBit exchange
• Telegram Bot: Remote monitoring and control via Telegram
• Automated Trading: Execute trades based on predefined strategies
• Signal Notifications: Instant alerts for trading signals

🛠 Technical Implementation

Architecture

bybit_bot_v4/
├── a_view/           # User interface components
├── b_controller/     # Application logic and controllers
├── c_service/        # Core services (ByBit, Telegram, Scanner, etc.)
├── d_model/          # Data models and business logic
└── main.py          # Application entry point

Key Components

1. ZigZag Strategy (c_service/b_strategy.py)

• Implements TradingView's ZigZag indicator logic
• Identifies Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL)
• Calculates Fibonacci retracement levels for trade entries and exits
• Generates buy/sell signals based on pattern recognition

2. Market Scanner (c_service/c_scanner.py)

• Continuously scans the market for trading opportunities
• Implements multi-timeframe analysis
• Filters symbols based on liquidity and volatility

3. ByBit Integration (c_service/a_bybit.py)

• Handles all ByBit API interactions
• Manages order execution and position management
• Implements rate limiting and error handling

4. Telegram Bot (c_service/d_telegram.py)

• Provides remote control and monitoring
• Sends real-time alerts and notifications
• Executes commands via Telegram interface

🔍 Trading Strategy Details

ZigZag Pattern Recognition

• Identifies significant price movements and trend reversals
• Uses configurable depth and deviation parameters
• Implements similar logic to TradingView's built-in ZigZag indicator

Signal Generation

• Long Entry: Identifies bullish patterns in the ZigZag indicator
• Short Entry: Identifies bearish patterns in the ZigZag indicator
• Confirmation: Uses multiple timeframes to confirm signals
• Risk Management: Implements dynamic stop-loss and take-profit levels

Fibonacci Integration

• Calculates key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, 78.6%)
• Uses Fibonacci extensions for profit targets
• Implements Fibonacci-based position sizing

📊 Performance Metrics

• Win Rate: [To be calculated based on backtesting]
• Profit Factor: [To be calculated based on backtesting]
• Maximum Drawdown: [To be calculated based on backtesting]
• Average Trade Duration: [To be calculated based on backtesting]

🛠 Installation

1. Clone the repository

   git clone [your-repository-url]
   cd bybit_bot_v4

2. Create a virtual environment

   python -m venv venv
   source venv/bin/activate  # On Windows: venv\Scripts\activate

3. Install dependencies

   pip install -r requirements.txt

4. Configuration

   • Copy .env.example to .env
   • Update the configuration with your API keys and settings

5. Run the application

   python main.py

⚙️ Configuration

Edit the .env file to configure:

• ByBit API credentials
• Telegram bot token and chat IDs
• Trading parameters
• Risk management settings

📱 Telegram Commands

• /start - Start the bot
• /status - Check bot status
• /positions - View open positions
• /balance - Check account balance
• /help - Show available commands

📈 Backtesting

[Describe how to run backtests and interpret results]

🚀 Future Improvements

High Priority

• Implement more sophisticated risk management
• Add additional technical indicators for confirmation
• Improve error handling and recovery
• Add paper trading mode

Medium Priority

• Support for more exchanges
• Advanced charting capabilities
• Machine learning for pattern recognition
• Social sentiment analysis integration

Low Priority

• Mobile application
• Web interface
• Advanced analytics dashboard

⚠️ Risk Warning

Cryptocurrency trading involves substantial risk of loss. This bot is for educational purposes only. Always test with small amounts first and never invest more than you can afford to lose.

📜 License

This project is licensed under the GNU License - see the LICENSE file for details.

🤝 Contributing

Contributions are welcome! Please feel free to submit a Pull Request.

📧 Contact

• Developer: İlkay Beydah Sağlam
• Website: beydahsaglam.com
• Email: info.beydahsaglam@gmail.com

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This project is not affiliated with ByBit or TradingView. Use at your own risk.