Trading Bot

[STMCC]

Hi to all,
I know there are a lot of bot's for trading.
my questions are:

- which is in your opinion the best environmento for building bot's? (Python, C++, ...)
- which is the best exchange to do trading with bot's? (polo, bittrex,...)
- how many BTC would you risk in a BOT? (% of the total bitcoins you have)
- which coins will you consider to trade with the bot?


many thanks!

[Tstar]

Hi to all,
I know there are a lot of bot's for trading.
my questions are:

- which is in your opinion the best environmento for building bot's? (Python, C++, ...)
- which is the best exchange to do trading with bot's? (polo, bittrex,...)
- how many BTC would you risk in a BOT? (% of the total bitcoins you have)
- which coins will you consider to trade with the bot?

many thanks!

Hi,

"- which is in your opinion the best environmento for building bot's? (Python, C++, ...)"

- I prefer it written in C++/C# and run it at local machine. I feel it much more secure than any VPS/Dedicated machine as hosting company staff can always access your machines.

"- which is the best exchange to do trading with bot's? (polo, bittrex,...)"

Depend what do you want to trade, exchanges verification, markets, etc.

"- how many BTC would you risk in a BOT? (% of the total bitcoins you have)"

Very small amount until test it how it's written, then a lot.

"- which coins will you consider to trade with the bot?"

I prefer coins with medium volume and tick movements.

[ptrnyc]

I'm a c++ coder but for bots, the easiest and fastest way is to use node.js

I built my own bot to trade on bittrex a while ago. It worked alright for a while, but ended up doing a few unwise "buy" that cancelled all the earnings

I find it much easier, and less stressful, to trade manually. I still use the bot for buy orders though, as it allows me to place buy orders for several coins, even though I only have the funds for one of them - whichever reaches the target first, gets bought. You can't do that on an exchange directly, since you need to commit the funds when you place the order.

[tomwalsh]

Hi to all,
I know there are a lot of bot's for trading.
my questions are:

- which is in your opinion the best environmento for building bot's? (Python, C++, ...)
- which is the best exchange to do trading with bot's? (polo, bittrex,...)
- how many BTC would you risk in a BOT? (% of the total bitcoins you have)
- which coins will you consider to trade with the bot?


many thanks!

I have payed around with bot trading for Forex but i would be weary of bitcoin. You want a market that is highly stable with little volatility so you can backtest far back and be safe in the knowledge price movements are level and predictable.

Bitcoin is volatile, effected by hype and back testing would have little use.

[STMCC]

Hi to all,
I know there are a lot of bot's for trading.
my questions are:

- which is in your opinion the best environmento for building bot's? (Python, C++, ...)
- which is the best exchange to do trading with bot's? (polo, bittrex,...)
- how many BTC would you risk in a BOT? (% of the total bitcoins you have)
- which coins will you consider to trade with the bot?


many thanks!

I have payed around with bot trading for Forex but i would be weary of bitcoin. You want a market that is highly stable with little volatility so you can backtest far back and be safe in the knowledge price movements are level and predictable.

Bitcoin is volatile, effected by hype and back testing would have little use.

so, at the end, is your advice to not write BOTs for bitcoin/altcoin trading?

[DefinitelyBears]

I spent a year writing a dozen different bots to trade Forex. None worked. They make money for a while, then enter a couple of bad trades and wipe it all out. Since basic bots (that don't include sentiment data and other market data etc) can only trade on historical price data, trading forex is no different to trading crypto in the kind of analysis and signals used to trade. With the volatility of crypto I'd expect bots to perform even worse here.