Title: New idea for trading bot Post by: thirdprize on March 26, 2018, 05:36:23 PM Had an idea for writing an event driven trading bot. Just wondered if you thought it would be any good/different to whats out there.
TLDR - its event driven with properties you set and actions you want executed when different things happen. Think of a candles display. Every minute its updated and is either going up or down with a max and min value. My "Bot" follows a particular pair (eg, ETHBTC) and every minute says, here is the current state, should i do anything? You could just use this basic event and say if its below this, buy x% or if its above this sell y%. You can specify "gain" and "loss" values. If it drops by the loss value then it does something and if to goes up by the gain it does something. If loss was 5% (BIG dip) then you could get it to sell everything. If its gone up by 0.5% then buy. It could do something when the trend goes from down to up (red to green) or vice versa, eg, start buying as it goes up and selling as it goes down. It would keep track of the moving averages as well, with events when the lines cross either way. That would be visible to other events as its fairly fundamental. You could mix and match and say, start buying when the MAs cross and selling when the values start going down. You would configure it all at startup and there would be a set of responses for each event, but with variables you choose (%s and other values). What other events/variables would be useful? Title: Re: New idea for trading bot Post by: berytry on March 27, 2018, 06:24:38 AM trading using bots is very promising, but you can not use when the market is not normal. My advice is to use bots when the market is normal. I hope this helps
Title: Re: New idea for trading bot Post by: Slava79 on March 27, 2018, 07:30:50 AM Had an idea for writing an event driven trading bot. Just wondered if you thought it would be any good/different to whats out there. Please do research before even taking this path. There is a belief that cryptocurrency trading and algorithmic trading in general is a zero-sum game. It means you can even build something which will look working, for some time (even quite long), but in the end it will face unavoidable failure. I personally think, it is better to put time and effort into a useful project, which will bring something new to people - innovation, usefulness and you get your reward for this. Title: Re: New idea for trading bot Post by: thirdprize on March 27, 2018, 09:52:43 AM Had an idea for writing an event driven trading bot. Just wondered if you thought it would be any good/different to whats out there. Please do research before even taking this path. There is a belief that cryptocurrency trading and algorithmic trading in general is a zero-sum game. It means you can even build something which will look working, for some time (even quite long), but in the end it will face unavoidable failure. I personally think, it is better to put time and effort into a useful project, which will bring something new to people - innovation, usefulness and you get your reward for this. Those ideas are hard to come by though. I have had a go at trading and know it is hard and boring. Lots of time spent looking at graphs and trying to predict the future. Even if it just did a few simple trades that would be saving me a lot of time and effort. Title: Re: New idea for trading bot Post by: kryptogunner on March 27, 2018, 12:47:22 PM Had an idea for writing an event driven trading bot. Just wondered if you thought it would be any good/different to whats out there. Please do research before even taking this path. There is a belief that cryptocurrency trading and algorithmic trading in general is a zero-sum game. It means you can even build something which will look working, for some time (even quite long), but in the end it will face unavoidable failure. I personally think, it is better to put time and effort into a useful project, which will bring something new to people - innovation, usefulness and you get your reward for this. Those ideas are hard to come by though. I have had a go at trading and know it is hard and boring. Lots of time spent looking at graphs and trying to predict the future. Even if it just did a few simple trades that would be saving me a lot of time and effort. I would say there are many trading bots available in markets. More importantly, have you got any success with trading manually in the past? If yes, then only mechanical trading can be of help. Also, did you backtest your strategy or forward tested it? Do you plan to launch it commercially or using it for personal trading? Please remember: Any system is as good as the trader himself. :-X Title: Re: New idea for trading bot Post by: ad_playing on March 27, 2018, 04:29:41 PM Had an idea for writing an event driven trading bot. Just wondered if you thought it would be any good/different to whats out there. Please do research before even taking this path. There is a belief that cryptocurrency trading and algorithmic trading in general is a zero-sum game. It means you can even build something which will look working, for some time (even quite long), but in the end it will face unavoidable failure. I personally think, it is better to put time and effort into a useful project, which will bring something new to people - innovation, usefulness and you get your reward for this. Those ideas are hard to come by though. I have had a go at trading and know it is hard and boring. Lots of time spent looking at graphs and trying to predict the future. Even if it just did a few simple trades that would be saving me a lot of time and effort. I would say there are many trading bots available in markets. More importantly, have you got any success with trading manually in the past? If yes, then only mechanical trading can be of help. Also, did you backtest your strategy or forward tested it? Do you plan to launch it commercially or using it for personal trading? Please remember: Any system is as good as the trader himself. :-X Title: Re: New idea for trading bot Post by: Antgri on March 27, 2018, 07:36:25 PM trading bot it is good assistant for trader, it is a lot project for trading automatization
Title: Re: New idea for trading bot Post by: kryptogunner on March 28, 2018, 12:42:04 AM Had an idea for writing an event driven trading bot. Just wondered if you thought it would be any good/different to whats out there. Please do research before even taking this path. There is a belief that cryptocurrency trading and algorithmic trading in general is a zero-sum game. It means you can even build something which will look working, for some time (even quite long), but in the end it will face unavoidable failure. I personally think, it is better to put time and effort into a useful project, which will bring something new to people - innovation, usefulness and you get your reward for this. Those ideas are hard to come by though. I have had a go at trading and know it is hard and boring. Lots of time spent looking at graphs and trying to predict the future. Even if it just did a few simple trades that would be saving me a lot of time and effort. I would say there are many trading bots available in markets. More importantly, have you got any success with trading manually in the past? If yes, then only mechanical trading can be of help. Also, did you backtest your strategy or forward tested it? Do you plan to launch it commercially or using it for personal trading? Please remember: Any system is as good as the trader himself. :-X With all due respect, why do we need a bot? We need a bot to capitalize our strategy, so that it can execute it even when we are not in front of terminal. But the basic requirement is having a solid strategy, a strategy that is back tested with proper risk management and position sisizing. Unless, we do not have it, there is nothing a bot could do. Also, market is a dynamic place where we walys have a counter party who thinks opposite to us. we buy, someone sells. So if a strategy is mass adopted in same market, there shall be market imbalance, and strategy is bound to fail. This is why people complain that theur bot started making losses after some time. Trading isnt easy. :'( |