Hummingbot Newsletter - April 2023

πŸš€ Shipped v1.15 release | Introducing Strategy Experiments | πŸ“Ί Directional Trading with MACD+BB Indicators | πŸ“Ί Advanced Cross-Exchange Market Making | πŸ—³οΈ Epoch 4 Polls Recap

Hummingbot Newsletter - April 2023

Published each month when we ship a new Hummingbot release, this newsletter serves a regular dose of updates about our latest features πŸ€– upcoming events πŸŽ‰ and announcements from our global 🌐 community!

πŸš€ Hummingbot v1.15.0 release

We are very excited to ship the April 2023 release of Hummingbot (v1.15.0) today!

This release adds new connectors to Injective, ZigZag, Hotbit, and (perp), fixes bugs in Binance, Kucoin (perp), and introduces the new Hummingbot Strategy Performance Dashboard!

Read the v1.15.0 release notes for more information.

πŸ“Š Introducing Strategy Experiments

β€œHow much money can I make with this strategy?”

This is one of the most common questions we get from new quant traders. We try to explain to them that building a successful trading bot is an iterative process, and that Hummingbot is just an open source tool that helps them build and run a bot.

Unfortunately, quant trading is a secretive industry, and most traders are reluctant to share their actual strategy code and performance publicly. But we all know that the best way to learn algo trading is to understand a strategy, analyze how it performed in live trading, and make adjustments to address the issues found.

That’s why we are are starting a collaborative environment where Hummingbot users can share public strategy experiments with the community, fostering growth and knowledge sharing among quant traders. We hope to create a thriving ecosystem where quant traders can continually improve and refine their trading strategies.

By submitting your own Strategy Experiments, you can qualify for rewards from the 1 million HBOT token pool allocated via our Event & Content Incentives 2023 program, approved through the governance proposal HGP-33: Event & Content Incentives 2023.

To participate, reach out to our community manager Carlito in a public channel like #general or #content in our official Discord!

πŸ“Ί Strategy Experiment #1: Directional Strategy with MACD+Bollinger Band Indicators

Our CTO Fede conducted the first Strategy Experiment, a bot that ran a directional strategy using MACD and Bollinger Bands on Binance Futures for 11 days. Here’s how it performed:

  • Start date: 03/11/2023 | End date: 03/22/2023
  • Total uptime: 11 days, 16:42:14
  • Number of trades: 334
  • Trading volume: 4,498 USD
  • Net Return: -0.62 USD | PNL (%): -1.538%

Watch the video and read the blog post for more details!

πŸ—³οΈ Epoch 4 Governance Polls Recap

We finished the second set of Polls, an initiative that allows the holders of HBOT to make decisions on how the Hummingbot Foundation distributes its engineering resources and developer bounties among the different components in the Hummingbot codebase.

The CEX Connectors poll placed centralized exchange connectors into Gold, Silver and Bronze tiers, which define the level of maintenance that the Foundation spends on each connector. The poll received 31 distinct votes, for a total of 22 million HBOT voting power spent.

The community chose Binance as the Gold CEX Connector, with, Kucoin, and AscendE as the Silver CEX Connectors for Epoch 4.

The DEX Connectors poll placed decentralized exchange connectors into Gold, Silver and Bronze tiers, which define the level of maintenance that the Foundation spends on each connector. The poll received 24 distinct votes, for a total of 24 million HBOT voting power spent.

The community chose Uniswap as the Gold DEX Connector, with Quickswap, dYdX, and Trader Joe as the Silver DEX Connectors for Epoch 4.

The Core Strategies poll defines which strategies should be Core (officially maintained by the Foundation) versus Community (maintained by community members or not maintained). There were 27 unique votes in the poll, and the total number of HBOT voting power tallied was 18 million.

The community chose Pure Market Making, AMM Arbitrage, and Cross-Exchange Market Making as the Core Strategies for Epoch 4.

In conclusion, we are thrilled about the continued support & votes on the Polls, and we look forward to developing the governance through Polls further in the future.

For more information, please see this blog post for results and other details.

πŸŽ“ Botcamp Event: Advanced Cross-Exchange Market Making

Jelle, a market maker and Hummingbot Botcamp mentor, conducted a valuable webinar for the Botcamp community. He imparted his insights on advanced aspects of the Cross Exchange Market Making (XEMM) strategy, covering a range of topics including utilizing multiple taker exchanges, employing a smart order route, and implementing multiple order levels.

Events like this are a big aspect of Botcamp, because we can learn from each other as a community. In addition to the 6-week core course, we organize monthly networking events, webinars, and other exclusive events for the Botcamp community.

In order to deliver the best possible possible experience, we are moving to a quarterly cohort model for Botcamp, so Cohort #5 will start in June/July 2023.

We have started processing applications and will be capping the number of students, so reserve your spot today before they are all gone!

☎️ New Community Call Schedule

Each month, we livestream two community calls on our Discord server. Afterwards, we post recordings on our YouTube channel.

Community Demo calls

  • Monthly release highlights, community demos, AMA
  • Next call => Orchestration Module Phase II Demo Wednesday, May 3rd, 3pm UTC / 7am PST / 10am EST / 10pm SIN (Discord Event Link)
  • Previous call: See recording below

"How To" calls

  • Developer-focused lessons that show you how to build or extend your strategies with Hummingbot
  • Next call => How To Control the Bots with Kill Switch & Telegram: Wednesday, May 17th, 3pm UTC / 7am PST / 10am EST / 10pm SIN (Discord Event Link)
  • Previous call: See recording below

Check out the Foundation calendar for links to these monthly calls and other upcoming events.

❌ Don’t fall for HBOT scams!

Finally, we have seen reports of scammers DM-ing users on Discord, Twitter and other channels advertising fake HBOT token sales, as well as bot spammers that impersonated the names & profile of Hummingbot Foundation team members.

If you see anyone trying to scam Hummingbot users, please report it in the new #scam-reports Discord channel.

Hummingbot Foundation has never conducted any pre-sale or sale of HBOT tokens, and anyone purporting to offer HBOT tokens is a scammer.

The only way to get HBOT tokens from the Foundation is to earn them.