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It depends on your definition of decentralized exchanges. If you mean those that just run on smart contracts based on different networks such as Ethereum, Binance Smart Chain, Solana, Base etc. then they are very many. Pick what suites you.
Personally, i don't consider them as decentralized exchanges.
Like bitcoin is decentralized, same concept. but on exchange of btc / usdt, usd, eur .... with spot trading, order-book, makers and takers .. and API , WS .. |
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and have API or web-socket interface ?
just asking.
That's too vague of a request. A lot of decentralized exchanges have an API, but what is it exactly that you're trying to achieve? fetching prices? trading? something else? what do you need websockets for? the more information the better we can help you. for trading, websocket for market data |
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and have API or web-socket interface ?
just asking.
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Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
that is a very simple question, everyone is looking to make profit. add this feature and you got a winning product. |
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AI might be useful for some of things, but I'm not at all sure AI can predict the future even though the data it has is a reference for traders. I tend to think that people are starting to feel their brains and abilities are no longer better than AI so they can no longer rely on their brains for all activities, including trading. I really didn't expect AI to replace humans, and self-reliance is usually much better.
Humans were created to think and decide things wisely, while AI only works based on data provided by its developers. When the data is wrong, of course the trader will bear the consequences.
It depends on what do we call a prediction. If we expect that AI will give a 100% answer about what will be in the future then it is impossible, at least as modern science know. But if we talk about statistical probability of different main variants I guess it can do so. But if to choose most probable variant all the time you'll get an error anyway as events with low probability happen as well and relying too much on an AI advice can end with total loss. So right, it is important to understand for any tool how it works and not expecting it can do more that it can. TLDR AI prediction equals to any other out there in the market. to predict now what will be the price of BTC after 24h or some other number, Hmmmm...NO. One can teach AI to recognize historical trading signal patterns or certain behavior of the market . the result of predicting based on this data ,as being said -statistically has the same chance to win or loose as human . that being said, AI help significantly in processing historical data to decision making, we have some time until AI will be able to develop by itself His way to predict market, we are not there yet, it's called AGI. |
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Hi, Im experinced trader about 7 years. I trade btc and altcoins. I Do Market analysis what i see today. I see btc support zone 20,200-20,500$ lowest. But the Market can bounce from here. My btc target would be 22,200. Coins what Im watching today ? Matic,Sand,Sol Im bullish about them. I think matic 1.50 and sand can go over 1$ Im also very interested about macro economics and markets generally im FED WATCHER  Im checking daily reverse repo data and all that kind of things that aged well...  |
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The classical methods practice mentioned above of setting a Stop Loss that are derived from the regulated market will not work as expected in the free Bitcoin market, therefore, other methods should be considered.
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Sorry to be the party popper, but teaching "AI" TA's in the bitcoin market is garbage in garbage out .
TA can not predict bitcoin price nor movement therefore it is not suitable data to teach neural networks.
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That's great but you still haven't mentioned the ROI because that's what grabs peoples attention.
It's good that you are gaining consistent profits but can you show us how much profits you are making a month.
It's hard to make money in a sideways and falling market.
4-6% /m  |
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(...)
IMO you shouldn't be amazed at all, most of the retail bots are pure garbage. They are just a bunch of ifs and else statements that utilize the same ol' useless Indicators and shipped as AI. The issue is these "bots" are merely "tuned" to the "most profitable" settings they have found through brute forcing through historical data. (....) Maybe the one you are mentioning about garbage bots or normal ifs and else statements are those script kiddies bots that are available online. You forgot that there are some entities or big traders that have bot some different purposes and those bots are not ordinary, some of them already have machine learning (AI) integrated which over time, collects data or learn from past price actions and more accurate somehow or more precise but I believe it's still not 100% accurate all the time. Machine Learning is not magic, The data you teach the machine will be the output of his learning: good data in -> good data out garbage in -> garbage out there is no such thing as garbage in -> good data out There are too many cases in the software industry where AI (prefer to call it neural network) is used as a marketing buzz-world just to show that someone uses the latest technology. The real interesting topic here is the difference between the Baeysian method of learning and the classical scientific learning. |
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Wow, 3 years is definitely a good amount of time. It seems like you must have worked really hard on this bot.
But what happened eventually ? Is the bot ready for action or are you still working on it.
If it is ready then can you please post the trades or some info on it's ROI.
May be if it's giving decent profits then you can sell your bot to others and gain additional income for yourself.
The bot is proof of work and in production mode for more then a year now, meaning running 24/7 on real money. Makes monthly profit on the portfolio no mater what the price or trend is. My focus was on creating a constant weekly, monthly profit over time, while the bot is totally autonomous, and it has to show has to show consistency of profit over time, Achieved both goals. Gave some thought on developing a user interface for it but at this time, i'm not into supporting hundreds or thousands of customers. maybe in the next phase - an autonomous user support.. |
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Writing a state of the art code is the easiest part.
After Looking at the waves of the stock market at the first time with Zero knowledge in trading, stocks or finance, said to myself "I can write a code that will buy here, sell there and make a profit on the way. I'm not a trader and no way I'm sitting in front of graphs all day clicking buy and sell buttons."
That was easy to say being a software engineer who built numerous high performing platforms filling roles from programmer to CTO most of my life.
DYOR
The vast majority of the influencer's, podcaster's, youtuber's, tweeter's siglangroups and other shamans claiming to show you how to make money, don't know shit.
To distinguish between them you will have to listen to lot of them in order to understand what topic you should learn and understand the bits and bites of. it's an essential part of learning and there are no shortcuts.
The real people who influence this market, don't talk about it on the web but you can read their action in the exchange during drastic market changes.
Bitcoin,the most volatile market.
Once you ride this horse, others are easy to handle.
Focusing on one market to understand everything from A to Z is important. Once one has the full knowledge, it's easy to implement it on different markets.
TA's are nice but it's analyzing history. They can predict nothing. All they can tell you is what happens till this moment.
Neural Networks (AI) is subjected to what you teach the machine. if you teach historical data the output is useless.
There are tons of data out there, the ability to analyse and cross reference it in real time and decide on an action is the key part of this whole automated system, an advantage only a machine can do and it's all about data progressing.
What is the right data to make decisions upon? DYOR.
Manage losses is the only thing matters.
Bots make money all the time, but they also loose. How much they loose is up to your risk management strategy.
The key is not loosing more then earning over pre defined period of time.
To set up a profitable good risk management strategy you have to have a good understanding of the entire eco system.
You can make 90% win rate and then with one open position during a drastic market change , you can loose more then you made.
There is no such thing as not loosing a position once in a while. no matter how good your analysis is.
It's all about balancing the portfolio and not about a single position.
It never stops
-The Good.
Bot is acts like 'The Terminator'. Doesn't feel pity, remorse, fear and never stops till it's pre programmed plan complete.
Qualities like these are hard for traders to master.
-The Bad
Even the best designed autonomous car crashes sometimes on some unpredictable scenarios.
Good risk management will keep you running after recovery.
Development and learning never ends.
programming, security, databases, cloud, VPS, statistics, signal analysis, algorithms, real time processing, finance, investment, funds management, regulations, accounting, risk management, legal are just part of the topics one has to master.
ROI
Invested three years of living and gave up three years of income as CTO.
Was a he'll of a ride, one of the best, definitely do it again.
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With the following criteria...
1) Make spendable (can't use it to trade) $5,000 usd net a month.
2) Daytrading full time.
3) No other means of income (can't sell my service).
*4) Starting with $15,000.
5) Trading all crypto (not just btc).
* If it's not possible with $15k, then what's the minimum it would be possible with (of course this is considering this is the only hindrance).
Well , you, 9tshk. can't. If you could, you wouldn't ask. There are traders who can do this in certain markets, but can they do it 12 month in a row? that's another question. |
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Scalping has the smallest profits a trader could get compare to swing trades and day trades, so using the term "practical" is not suited for it, "safest" I think suits it the most. Even with the small profits in scalping, losses on it is only minimal compare to the two other trading ways that I've mentioned, in short, we can call scalping the "safe zone" in Trading, in my opinion.
No matter how small it is, if you add all of your profits, it could still be bigger, not that big but better than having no profits at all.
I beg to differ. Scalping is opposite to what you have mentioned "Safe zone", it is considered as one of the most risky type of trading in any assets. Since you have small profits per trade, a single lost trade could make a substantial loss to your capital. Even using a 1:1.5 Risk/Reward ratio is not suitable for this type of trading since you are aiming for a small profit in a short price change, for this reason, a 3:1 RR ratio is effective. you can decide how much you are willing to loose, in case of drop, based on how long it takes to ear it back. ? |
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Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.
scalping is practical in the crypto world, you will need some tuning compared to forex. |
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using or not using SL totally depends on the market you are in.
then, on your strategy and risk management.
to declare that if one is not using SL is a bad trader ... hmmmm it was probably right when there was one market out there.
just for the discussion
how do you place a Stop Loss when trading Bitcoin ..
buy price is 49800
SL in 49700, 49400, 49000, 48500 , 47000, 44000, 39000 ?
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can you learn driving a car in a simulator ? get a driving license and hit the real world ?
simulator's made for dealing with scenarios, and no simulator can give you the feeling of loosing or earning real money.
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Hi,
I’m just wondering what are the best indicators / candlestick patterns / charting TA to look for when a support bounce occurs after a significant dip.
I was in short positions on both Sunday and Monday during the big BTC correction and obviously there were points where they were significantly in profit. However, I held on too long and closed after the bounce. I still took profit but feel I could’ve “taken the meat of the trade” a lot better.
What do you guys look for? I guessing this is perhaps best done using the 1m (or similar short timeframe) and looking for a big green bottom wick with large incoming volume or something?
Thanks
To identify a dip using TA is like trying to predict an earthquake counting how many buildings collapsed on 1sq/mile, you know only after it happened. |
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