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Robinhood Trading Bot

The Robinhood Trading Bot is a Python-based tool that executes market orders on Robinhood using different algorithms. It supports integration with Twitter for sentiment-based trading, though this is optional. Users can choose to enable Multi-Factor Authentication (MFA) for added security.

GitHub repo to clone -> Click Here

Steps to Set Up the Robinhood Trading Bot

  1. Create a Robinhood Account: Ensure you have an active Robinhood account. Optionally, obtain Twitter API keys if you plan to use the Twitter Sentiment trading bot.
  2. Enable MFA (Optional):
    • Navigate to Menu > Security and Privacy > Two-Factor Authentication in your Robinhood account.
    • Select “Authenticator App” and follow the prompts to get an MFA token.
    • Use this token with an authenticator app of your choice to enable MFA.
  3. Configure Environment Variables:
    • Clone the bot’s repository and navigate to initialize.sh.
    • Fill in the required credentials

    • Execute sh initialize.sh to create a virtual environment, install dependencies, and set up the .env file.

    Using the Trading Bot:

    • To use an existing TradeBot, create a new Python file in the project’s root directory. Import the desired TradeBot module, instantiate it, and initiate a trade. For example:

  • This example uses the Simple Moving Average algorithm to trade Apple stock.

Key Trading Algorithms

  • Moving Day Average Comparison: Trades based on the comparison of the 50-day and 200-day moving averages.
  • Volume-Weighted Average Price (VWAP): Trades based on the comparison of the stock’s current price to its VWAP.
  • Sentiment Analysis: Uses Twitter data to analyze sentiment and make trading decisions based on the average sentiment score.

By following these steps, you can set up and customize your own Robinhood Trading Bot to automate trading strategies based on predefined or custom algorithms.

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