Bitcoin Forum

Bitcoin exchanges provide simple interfaces to enter market and limit orders.  However there is a lack of algorithmic trading tools.  Bitcoinica provides limit and market trailing stops.  Anything more complicated requires using a custom-coded trading bot or adapting a third-party tool to consume real-time market data and enter orders via API.  I want to gauge the need for a web-based tool to display consolidated market data and allow for complex order types in a standard way to all Bitcoin exchanges.  Think Bitcoincharts but for market data and order entry.

If it were up to me I would only use it if it were open source and I could run it myself to do trading. Not sure how much I would trust a 3rd party to connect on my behalf to the exchanges to do trading. I realize Bitcoinica does this (from what I understand) but that always irked me a bit. I guess if you manage the amounts in your exchange account to within some risk you are willing to handle it would be good.

I personally have been working on a node.js library for some basic algo trading. It is capable of supporting multiple exchanges and a web interface could be put on top of it pretty easily.

What about recent ICOs that are focused on trading tools? There's one called Algory and it has 13 features in all. I really liked it and joined their campaign even. I've seen other members sell their custom scripts but have not tried.

I think bitcoin is the most valuable and historical monetary algorithm. It has solved many problems in terms of property as well as transactions quickly, very high confidentiality, fast processing speed. No doubt, we can see that bitcoin is the currency of the future. I believe this is a great opportunity for us to invest in and trade it.