Bitcoin Forum

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.

Well some bots exist and are for sale but... How would you want to control your orders through a bit? It's not like the market is predictible enough to create one reliable Oo

I only know of Haas Online and btc robot and they are not free tho. If I were you, I would stick to traditional trading, but as you have said, you are annoyed keeping an eye at the chart to set your order so you might want to try it. Keep in mind also that robot uses EMA which in my opinion barely works with btc trading.

There is one I found that selling 0.5btc, + 0.15btc for poloniex exchanger. https://bitcointalk.org/index.php?topic=1351192.0
It inspired me to make one, I'm creating my own trading Bot using Martingale technique, not like in gambling the worse is you will loss everything, in trading you will only gain the other currency. :)

0.65 BTC is to expensive... I try to create my own one... even if I'm not a pro in programming :D

I try to implement a "clever" algorithm that recognizes price changes so that my bot does interact dynamically.

Do you trade on a daily basis?

If so you can check out the "bot" I've built at https://bitcointalk.org/index.php?topic=1335907.0 (https://bitcointalk.org/index.php?topic=1335907.0)

I'm looking for a bot that plays the "ping pong" game.
It sells coins and if the price decreases it buys them again. A never ending loop that makes sure it's profitable and doesn't burn coins.
Best thing would be if the bot does acknowledge price changes and does automatically change the sell/order prices.
Does your bot support this?

Not yet.

I need to figure out a system for it to be profitable intra day. It's currently using MACD for daily charts, and it profitable. When I apply it for hour charts it losses more than it gains.

Do you have a system for trading? If so would you mind to share it?

I don't have one yet. But I know some ppl working in the stock market (which is basically the same).
I'm sure they can get me some working algorithms to analyse the chart.

Your bot isn't for free is it?

want to know more about trading the bot... i need it very badly...but many say that its quite risky to trade it...but i need it anyway!!:D

I did call some of my friends and already got a solution for the "system" of trading.
I got an algorithm that helps you a lot to indicate if you should buy or sell.
I haven't tested it yet (because I have no bot) ... I can't say if it really works.

If you share the solution I can try to build it into Coine and give you access to it.

i have checked many bots a while ago, but i could not yet find a bot that meets my needs.
there are currently two sets of bots found. (just google bitcoin or altcoin trading bot and you will find many)

the open sourced bots, which are good because they are open source so there is no doubt of their true purpose. but at the same time they are not as good and don't have enough features to use.

the closed source not free bots, which are bad because you can't tell what they will do with your API keys and also you have to buy them, but they are better because they have more features.

but none of them are good enough, the only bot which can be good is the one you code or hire a developer and ask him to code it to your needs.

You want a good opensource one that's for free?... I don't think something like this exists.

If you take the efford and develop such a tradingbot it will take you tons of time. You can't just give it away as open source because ppl will copy the code and won't pay for your work anymore.

If I would create such a bot I would also sell it. And as far as I know you can choose if your API should be possible to do withdrawls or not. That means the API it self can't do anything bad.


Maybe I will create my own bot with intelligent chart analysis based ping pong - because all the ones that exist and that I know tell YOU to set the buy / sell price... but I want a real automatic bot that can decide weather he should buy or sell now or if he shouldn't.

What would you think of a bot that is not open source but only charges you if it is profitable?

Would you pay for it or not?

That was also an idea that came to my mind.
Implement a fee on profits and make the software itself for free.

That's also a way to guarantee longterm revenues for the developer.
And everyone has the possibility to try it out.

I think that is the most ethical way and everyone wins on it. Are you a developer?

how can it charge you if it is open source?! oops, i missed "not"

i know there is one bot (not sure about the name) which you have to have a certain amount of an altcoin (same name as the bot) to be able to trade (so it is free but charges you somehow) but it is not open source.

You miss read.

I wrote "not open source"

That's a good idea to own a bot that gives the better suggestions in trading. The real fact behind this is, it require a great programmers who work on it with regular updates to get cent percent result.

well, i prefer the bot to be open source because even if i don't understand the code or don't have time to check it, others will so it can be trusted.

but if the bot is not open source but reputable, it needs to be a very good one that gets my attention. i will be hesitant to use it of course but if it is profitable i might.

can you explain more about this part,
do you have something specific in mind?

I can handle some java implementations - but I'm not good enough to build such a bot on my own.
I know some ppl who would do it for money... so I'm thinking about it.
If I pay money to some developers then I need to make profit with the bot... but I'm not sure if ppl would accept the fee or even use the bot...

if you have a idea for a bot like some sort of method, i think you don't need people using the bot and paying you fees, if the idea is good you can pay a developer to code it for you and use the bot yourself and make the money back.

That's right.
But currently I have 0.06 BTC.... and a developer would cost about 1000$ (estimated, maybe even more).
It could take years to ROI that...

C.A.T.

https://i.imgur.com/tJnSJPz.png

https://bitcointalk.org/index.php?topic=507103.0

Since 2013, more than 60 releases.
It works on 12 exchanges.
More than 170+ positive feedbacks.
Lifetime license.

If price is too high for you, you can help me sell some copies using the referral program and you will get your Copy For FREE

But what is the system behind it?
You need to set buy/sell prices manually?
There is no chart analysis or anything "intelligent" that weight the risk?

I want a bot that makes own decisions based on analysed data to guaarantee profit no matter if the user is acquainted  with trading or not.

Your bot CAN make profit... but it still depends on how good the user is informed - and that is the point I wanna change.

You're looking for an A.I. Bot  :D :D
Good luck  ;)

PS : My bot is done for traders. It's not a magic money machine (and i discourage to believe anyone who told that his bot is something who will make you gain without knowing markets & trading)

Your bot just helps traders to make it a bit more compfortable because they don't need to have an eye on everything.
But I want a real automated bot - as you said an A.I bot.

I know that this is a challange... but I'm sure if you combine enough algorithms this would be possible.
I don't know if the result would be a "money machine" ... but I'm sure it can be profitable.

But at least the framework is a lot of work.. If you would take your existing bot and add A.I. - this would be the perfect solution.

This would make it the undisputes marked leader.
And with working A.I. it would be worth the price of 0.5 BTC.

If you call Trades on 12 Exchange on all the markets at the same time for 24h/day using your strategy (of course, nobody in the trading history will give you something that doesn't need to be parametrized) is "a little bit more comfortable"....yes, C.A.T. let's you trade in a "bit more comfortable" mode  :D :D

The things you're looking for doesn't exists and it will never exists. Sorry about that but this is reality, and it's not a challenge.


Well no..........with a Working A.I. it would not have a price  ;)
My bot worth 0.5 BTC, that's for sure  ;)

You have more than 150 positive rates... so maybe you sold 200 versions?
0.5 the CAT 0.15 the API (some are free I know) so let's say 0.1 per API.

That means you got 200 x 0.6 BTC = 120 BTC

Let's say BTC = 440$

440 * 120 = 52800 $

Let's say it took you 200 hours to develop the version like it is now.

52800 / 200 = That's a loan of 264$ / hour...

Sure it is worth some BTC ... but 264$/hour?.... really?

Maybe you sold even more... and I'm sure a professional developer can do such a bot in 100 hours.... which would mean 528$ / hour....

Your work is great... but the price isn't.

Why don't you implement the proposal we did here before?
Make the version for free and implement a static fee of like 5-10% on the profits.

That would make so much more sense.... more ppl would use it, you get longterm revenue, it shows that you trust in the profitability of your bot... I can't even find a negative point...

 

I do not want to offend you, but you've written tons of bullshit  ;)

LOL, do you know that this is not technically possible? Even if i want....i can't......
Suggestion : never talk about things you don't have any idea on how they works  ;)

Uhh :D
If some ppl tell you the truth you get a bit impatient?

What was the bullshit I told? I just calculated your earnings, and I'm pretty sure I wasn't that false.

And it is possible as long as ppl accept withdrawls via API.

The truth? Your assumptions and concept are totally wrong.
But i'm not here to make you a lesson of Software Engineering or Trading Strategy/Concept.

And about API withdrawls it doens't works this way (some Exchanges doesn't offer that method, some others request mail confirmation, and i don't implement withdrawls API for user security reason).

Good luck with your bot search  ;)

as you mentioned in OP, if you are looking for a simple code that only sets the orders for you then such code exists whether it is a bot which you have to pay to use or a free one that you might find.
it is not a difficult thing to do, there is just a couple of conditions that you set for buy/sell and other actions. you might be able to code it yourself if you have any prior knowledge.
heck, some exchangers even have these conditional settings in their own website.

but if you are looking for an A.I that makes decisions on its own and makes you money, then you are thinking at least 50 years ahead.

I think you can combine different analytic algorithms and base decisions on the result.

If you use for example 10 different methods to analyse the chart and 8 of 10 methods tell you to buy now.. then I'm sure it will be profitable.

At least someone (who has the skills) should try it.

The more methods you combine the better it would be. Maybe that's not real A.I. .. but Iif it works it would be great. And I haven't seen a bot that works this way so far.

There is no one that can guarantee that you will profit when using a bot. And if they are they are full of BS.

I want to build a bot that trades automatically on a hourly basis. I was thinking of a monthly subscription around $20. But If it losses you money then you don't pay.

The trading info is available to everyone for free but if you want the bot to trade automatically then you have to pay for the subscription.

That way I will use the money to continusly improve the service and you will earn money.

A win-win situation.

I believe to make trades manually is the best way for you. bot is not always appropriate.

i agree with that,they should have very good programers,and i wish they could create trading bot better than meta trader,even meta trader not a bot,but they have a good trading scheme.

interesting idea. especially the part that you don't have to pay if you don't profit from the bot. i have one question.
how is the bot going to work?
- is it just using Exchanger API and the user sets the trades
- or will it find it on its own and trade for you 
- or is it going to analyze the market and suggest best options that user can choose

nonetheless i am interested to see how it is going to work

It's going to use an exchange API and make trades for you based on analysis of the market.

Right now it's only an idea. I am experimenting with different technical indicators to find a system that profits more than it losses.

Check out AutoView, it's a chrome extension that let's you turn your TradingView strategies into trading bots.

It's not for altcoins yet, but you can use it on Bitcoin, Forex, stocks and commodities, and it is FREE.

TradingView has 1,000's of indicators, and it's own custom PineScript language for building in-depth trading strategies. Combine all this with the ability to back test your strategies and you have a "build your own bot" to the extreme.

good Luck.

link to the chrome extension:
https://chrome.google.com/webstore/detail/autoview/okdhadoplaoehmeldlpakhpekjcpljmb?hl=en

An example of what a strategy backtested on TradingView ready for automation looks like
https://i.imgur.com/XAol0y4.png

in this subforum told that you can make your own trading bot.
but i dont know, ill learn it tomorrow i think.  :) :)

is this chrome extension safe?
cause if i want to install something on my browser first i want to know if the code has been reviewable for safety before

It has been reviewed by a few people now, the latest review was posted here:
https://bitcointalk.org/index.php?topic=1353698.msg13830200#msg13830200

I would trust these reviews and claim that it is safe. Personally, I haven't used it, but I've heard good stuff about it.
Trading bots can save up a lot of your time.

To trade now it is not good. The value is not that high and it is not smart to spend some bitcoins.
But I hope that we can have some profit later in the future. And spend Bitcoins later in the future.

there is some stagnation yes, but there was a mini pump toward 440, so some profit can be made, if you use big leverage

too bad no exchange afaik, offer more than x5 leverage when trading with bitcoin