Bitcoin Forum

Bitcoin => Project Development => Topic started by: eabuilder on December 17, 2017, 07:51:07 PM



Title: Programming and testing an automated crypto trading system
Post by: eabuilder on December 17, 2017, 07:51:07 PM
What do you guys think about automated crypto trading? Do you think the strategies and methodologies used for earning an edge in the other markets, such as Forex, stocks and futures work just as well on Bitcoin and Ethereum as well? What would the differences be and how could we profit from it?

If there are a couple of people with their own ideas who try out some strategies in the virtual coin markets, share your thoughts here and we may start building something together.


Title: Re: Programming and testing an automated crypto trading system
Post by: cryptoblackhat on December 17, 2017, 07:53:18 PM
There are several tools out there that already support automated trading. The challenge is that the APIs of many exchanges are not very reliable. Take Kraken, for instance. Their website has been barely staying online, and the API usually takes about 10 attempts before successfully registering a trade. So in times of volatility, even a trading bot won't be able to make much headway.

I'm considering making a trading bot that works on a slower time period. One that automatically rebalances my investments, say every week for example. If there's an open source project that does this and is looking for contributors, I'd love to hear about it.