Bitcoin Forum

I'm interested in this because I need a life other than sitting here in front of this computer 24/7.  I'm looking to find a reasonably inexpensive but effective automated trading program (when I can afford it) to trade via Mt.Gox, if it can use others such as BTC-E too or trade between them or other cryptocurrencies then that's even better of course.

Although the returns might not be as high as manual trading there's also the fact that I seem to make as many losses as gains so perhaps a bot would do better than me, well at least with my current trading experience level.  (I'm getting better, honestly!)(slowly)

It would also be good to find a program that doesn't spam Mt.Gox with millions of satoshi sized bids/asks too as that's just annoying for everyone else, but I assume that this would be adjustable in the program settings.  I'm making a lot of assumptions because I haven't actually tried such software yet of course.

Is there any decent open source software that does this too?  I don't mind paying though if it doesn't cost a fortune because it's supposed to make me money, but it'll only be playing with a couple of Bitcoins at first until it earns some more.

All help appreciated, and good luck with the trading

Hi Mickey,

There are several trade libraries available out there that you can use to build your own e.g.:

https://github.com/ReAzem/cryptocoin-tradelib

https://github.com/timmolter/XChange

As well other many other libraries if you have the time / inclination to write your own.

I have some experience writing automated trading bots for bitcoin, and untill all the exchanges had thier UK accounts had a arbitrage bot that would allow it to identify trading opportunities and execute them.  While this code is now horribly out of date and non functional I could brush it off if you were looking to buy a execution package?  Let me know what features you were after and what OS you use and what you think is a fair price for the software and I may brush of the code and update it and sell the program.

Thanks.  I wouldn't worry about doing anything yet on my behalf because to be honest I'm a skint hippie with three bitcoins, so you wouldn't make much from me!  Basically I'm just looking for general advice at the moment to give me an idea of what my options are.  I suppose I'm looking for something that works out of the box, is noob friendly yet not written for noobs in such a way as to restrict more powerful features as that's just annoying once you get to understand something.  As for programming I'm a bit out of date with that because I haven't done much since the Commodore Amiga was a modern machine, most of my programming was done with 8 bit machines and things have moved on a bit since then so I'd be learning almost from scratch again.  I wouldn't want to obtain trading software from torrent sites because it'd be all too easy for the person who posted it to have modified it to rip people off.

Hi,
I had the same problem for a while. You are not alone.

I didn't find anything good and easy to use out there, so I build my own. Now I'm making a commercial version that will be free to use (with transaction fees) or you can pay and have it free forever.

You can set up only simple stop rules and the bot will do all the job for you.

For example the rules can look something like this:

sell 13 btc if price goes above 100$
buy 100 btc if price goes below 70$
buy 100 btc if price grows 30% from now

etc ;)

Below a small mock up, nothing like the real one. This sucks, but it has all the elements I'm implementing.

http://www.lize.it/up/botcoin-first-mockup.png


I'm collecting people to beta-test it (and access the source code). If you want to be among them drop me a PM ;)

What I'm looking for is something that will follow the trends and make its own decisions

Why do you think such a program would be any good? If it were any good, why would anyone distribute it?

That's a fair point I suppose.  Maybe I should just drink more coffee instead of sleeping, lol

Do you have good ideas for a trading strategy? Maybe we could collaborate, or so?

In general the trading strategy is up to you. Youll find frameworks that make it easy to write a bot, but the strategy part you will have to do. Nobody is going to give you a money making machine just because.

Yeah, but maybe someone has a strategy but cannot code, or so? A collaboration might be useful in this case?

And as coder, I still think a collaboration should be useful to build a better bot framework as an example. I'm working n one, and can tell you, that it's a loooot of work. Just the exchange APIs were months to implement.

Not months. I open sourced mine for java> https://github.com/adv0r/mtgox-api-v2-java (https://github.com/adv0r/mtgox-api-v2-java) . Have fun loosing coins :D

Yeah...some of my code is opensource, too:

https://github.com/ReAzem/cryptocoin-tradelib

, but not the actual code for the bot framework:

https://i.imgur.com/OoP0aNo.jpg

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

But now I'm looking for a collab to build more advanced stuff, using drools and a trading language...

My current strategy seems to be to get it completely wrong half the time, surely it must be possible to create a bot capable of this?  :D

Maybe I'll leave it for now and think about this for a while.  I was asking this because to be honest although I'd heard about bot trading I didn't know anything about it at all, now I know a little more and I appreciate you all having taken the time to respond.  Thanks guys  8)

you can try this:

https://bitcointalk.org/index.php?topic=197526.0 (https://bitcointalk.org/index.php?topic=197526.0)

It's open source and has a simulation setting so you don't have to go burning your precious btc until you understand how it works.

Or we can organize all man/women-power @ Freenode in Channel #bitcoin-tradingbots

Would be nice :-)

Greets

You know, that there is already a channel #cryptocoin-bots,  where all users are desperately trying to keep all their stuff secret?  They are even to shy to respond to a simple 'hello '...