Bitcoin Forum

Hello everyone, let me introduce to you my new project on the YoBit platform exchange published on Google Chrome store :


I developed a trading bot that allows to make micro-transactions and to win around $1 per hour with 99% accuracy. The method is simple : the trading bot I developed learn the pattern of the currency value through time, and it finds alone to good time to buy or sell. I think this is a good start because :

• It does not require a huge investment : with only $20-30, you can start to run the bot with very low amounts of transactions (the buy threshold was fixed around 1e-7 BTC)
• You can run it at any time : since the bot works alone, you can leave it the night while you are asleep
• Gain are usually around $1 an hour, you can of course obtain more, but it is also more risky.

BTC How does it works ?

In my free time I study two subjects in particular : neural networks and time series analysis (TSA). TSA is widely used in finance, but neural networks are still in research and applications in finance are a mystery. So I came to the conclusion : why not combine these two fields ? For those who love technical details, here is the architecture used on this first version :

• Time serie model (MA, ARMA or GARCH(1,1)) to make the currency easy to analyse
• A LSTM (Long-Short Term Memory) Neural Network which learn the features of the currency in order to "learn" his behavior (usually 98.6 accurate on a test set composed of 100 currencies)
• A gradient method to determine whether it is a good move to buy or to sell at the current moment

The intuitive part is that the bot will first learn how the currency is : is there high variations ? How import are pumps and drops ? Is there a tendency according the volume ? Then, the bot see how the value is going in a small frame of time (a few seconds) : if value is increasing, it sells, if value is decreasing, it buys. I hard-coded a drop limit, so if the currency loses around 20% of his value on short period before evaluation, the bot stops buying and automatically sells to preserve funds.

BTC About performances ?

To be honest, I don't think this method will make you win hundreds of dollars. The main idea when I conceived the bot was at least, it will pay my electricity bill  :P . As I said before, you can make up to $1 an hour, but the thing is it can fluctuate according to the currency but also on your bets. If you are afraid and prefer to see it in real time, I advise you to bet only with a few dozens of dollar, so you can see the bot interacting in real time.


BTC What's next ?

Actually there are many things to do :

• Accuracy is good but the gain are still too small in my opinion, and I need to minimize as much as possible the risk to loose part of investment.
• The GUI is ugly : I can create a simple interface, but the black text on white background doesn't fit with the mood of trading
• I really love statistics behind financial markets, but the problem is my knowledge in programming, which is quite limited. If you would like to help me to create a more powerful program, that would be with pleasure  ;)

I am currently working on improvements, so I would like to know your feedbacks, I hope you will like it :) .

Wow this looks great, do you have any videos demonstrating it? That would help your marketing!

ahhhh worse you, do not you force trade by using BOT. it will only complicate things. BOT is created by humans and you want at the tool by BOT to trade Bitcoin whose value is very expensive?

hallloooo, open all your thoughts, BOT is very dangerous and has no instincts and emotions and also links you cantum it is not. lousy!

Yobit? Please search through this forum about Yobit's reputation and that might change yourind before joining. Those who doesn't know what Yobit's reputation feel free to find out what it is i think i don't have the right to judge it by now but please find out the truth about them so you won't find yourself confused by the situation your not familiar with.

Yobit is good as a test bed for trading bots. There are a lot of low cap altcoins there to test it on, some with virtually no volume at all. Trading bots on high volume exchanges would need to be rock solid to make a profit on