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Author Topic: Your opinion of trading bots...  (Read 2111 times)
101111
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April 22, 2013, 02:37:58 AM
 #21

It is the intent of the bot writer that may be good or bad, not the bot.

The network should be bot-friendly, and people should be free to use them or not as they see fit for their purposes.

The exchanges are evolving to meet market conditions, and while some bots may be a nuisance now, or even outright detrimental, in the long run they will only help strengthen the network.
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April 22, 2013, 02:44:51 AM
 #22

It is the intent of the bot writer that may be good or bad, not the bot.

The network should be bot-friendly, and people should be free to use them or not as they see fit for their purposes.

The exchanges are evolving to meet market conditions, and while some bots may be a nuisance now, or even outright detrimental, in the long run they will only help strengthen the network.

A major problem with exchanges is lack of liquidity. This lack of liquidity is a source of volatility. Add liquidity and you reduce volatility. Bots (and other forms of high-frequency trading) add liquidity and reduce volatility.

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April 22, 2013, 01:29:30 PM
 #23


MtGox should perhaps consider limiting bid/ask orders that a user can place per hour or day. So bots would be allowed provided they didnt spam.


There is now a limit of 6 orders per minute that is in force at mtgox. Any bots operating on gox are within that limit.

"Remember too on every occasion which leads you to vexation to apply this principle: not that this is a misfortune, but that to bear it nobly is good fortune." - Marcus Aurelius
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April 22, 2013, 01:42:07 PM
 #24

FFS people, allowing bot are what makes bitcoin exchanges fantastic. Its impossible to  use bots on traditional markets due to red-tape and costs. They've been  keep the small players out of the picture for years.

Now Bitcoin takes bots I can finally experiment with some algos and make some green!

Bots wont crash the market, kill bitcoin etc, they are what will help drive bitcoin into the economic mainstream!

Dudes! this is where the innovation be at!! WooHoo!

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April 22, 2013, 01:47:56 PM
 #25

Sorry if this is off topic
can someone tell me were we can get "safe/reputable" bots from ?
So far ive not found anything I trust, other than coding a strategy on goxtool...but that not quiet the same
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April 22, 2013, 01:51:29 PM
 #26

Sorry if this is off topic
can someone tell me were we can get "safe/reputable" bots from ?
So far ive not found anything I trust, other than coding a strategy on goxtool...but that not quiet the same

I'm banging them out in PHP for Gox and Bitstamp so far. I code like a retard, but the bots work ok. Let me know if you want something special

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WALLET




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