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November 30, 2013, 02:19:27 PM |
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I'm a programmer, and have been trading BTC for a while now. I'm quite disappointed with the features Bitstamp and BTC-E provide, but since they have APIs, I thought of implementing a few useful features. Just want to hear your opinion, whether it would be useful to the community. These are mostly automation ideas.
1) Buy if have money / sell if BTC is available.
Currently you can only post a buy order if you have enough money right now, and you can only post a sell order if you actually have that BTC.
2) Buy/sell X amount if the market touches price X.
This can be used to automatically protect against crashes. Currently you can't post a limit sell order at a low price, it will just execute instantly and you will lose money.
3) General flexible tree-like trigger system. Imagine you could stack rules that would trigger other rules. For instance, you could do
If the market price falls below $1000, trigger the following: A) Place a sell order of all BTC I have B) Place a buy order at $900 for 1 BTC C) Place a buy order at $800 for 2 BTC D) Place a buy order at $700 for all the money I have available
This particular scenario protects you from flash-crashes that bounce right back.
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