24h high - 24h low automatic bitcoin trading?

[CryptoWin2]

Hello everybody,

I was reading through all the automatic crypto trading bots. They have thousands of different strategies and complicated algorithms, but it seems i cant find a simple thing im looking for. I would like a bot doing an automatic buy when the price hits 24h low(or near 24h low) and an automatic sell when the price reaches 24h high(or near 24h high). Imagine the profits which could be made simply following this strategy every day. Could somebody please recommend me a bot like this or how to make a bot like this?

[BIT-BENDER]

It's not very successful using a cryptocurrency trading bot -if not everyone would be on it- making profit I easier saying or writing it than actually doing it,
  trading bot has been synonymous more in forex trading, but even in forex failures are not unseen. Learn how to trade in crytocurrency by your knowledge. Don't find trading bot as something of need in crytocurrency trading

[slackovic]

Hello everybody,

I was reading through all the automatic crypto trading bots. They have thousands of different strategies and complicated algorithms, but it seems i cant find a simple thing im looking for. I would like a bot doing an automatic buy when the price hits 24h low(or near 24h low) and an automatic sell when the price reaches 24h high(or near 24h high). Imagine the profits which could be made simply following this strategy every day. Could somebody please recommend me a bot like this or how to make a bot like this?

I'm not an expert in trading, but I really don't think that this strategy would work. Imagine if BTC price swings between $9500 (24h low) and $10500 (24h high). When price drops to $9499, according to your strategy a bot would then (because $9499 is the new 24h low) buy BTC. And what would happen when price goes further down to $8500 and then rise to new 24h high of $8900? According to your strategy, bot would then sell that BTC at a loss. How is that good strategy?

[avikz]

Hello everybody,

I was reading through all the automatic crypto trading bots. They have thousands of different strategies and complicated algorithms, but it seems i cant find a simple thing im looking for. I would like a bot doing an automatic buy when the price hits 24h low(or near 24h low) and an automatic sell when the price reaches 24h high(or near 24h high). Imagine the profits which could be made simply following this strategy every day. Could somebody please recommend me a bot like this or how to make a bot like this?

Lol! You better find an astrologer who would predict the market for you!

No bot would know when the price has reached 24 hours low or when it will reach 24 hours high! Those inputs should be user defined and bots will just help the trader to execute seamlessly. Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

If someone advertises his bot to have artificial intelligence to detect such things, stay clear out of that! There's no easy way to make money with bots. You will have to ask your brain to come into play at all times!

[20kevin20]

Lol! You better find an astrologer who would predict the market for you!

No bot would know when the price has reached 24 hours low or when it will reach 24 hours high! Those inputs should be user defined and bots will just help the trader to execute seamlessly. Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

If someone advertises his bot to have artificial intelligence to detect such things, stay clear out of that! There's no easy way to make money with bots. You will have to ask your brain to come into play at all times!

I think there's actually a possibility to do it without having to predict anything.

Take a 24h chart. In the past 24h, say BTC's lowest point was $9,000 and the highest one was $10,000. If BTC hits $8,999.99, the bot would buy while if it hits $10,000.01, it'd sell. In 5 minutes (or whenever the 24h data changes), the figures could change.

There's no need to predict anything. Just take the data from the past 24h and make use of it if I got it right - a quite interesting idea.

[sunsilk]

I haven't used any bot and I don't think I'll use any of it. I have read some success stories about their usage about bots. You can set it and even without bots but it has to be specific amount lower than the current price.

One bot that's famous not just entirely in the forum but probably also outside is gunbot. However, I don't know if that feature is with it. But to know more of it, see the details on its website.

https://www.gunbot.com/

[dothebeats]

Hello everybody,

I was reading through all the automatic crypto trading bots. They have thousands of different strategies and complicated algorithms, but it seems i cant find a simple thing im looking for. I would like a bot doing an automatic buy when the price hits 24h low(or near 24h low) and an automatic sell when the price reaches 24h high(or near 24h high). Imagine the profits which could be made simply following this strategy every day. Could somebody please recommend me a bot like this or how to make a bot like this?

You can't time the markets, so what you want to achieve is basically impossible. How would the bot know that the prices already hit 24-hr high and 24-hr low without having to aggregate the data ahead of time? The best a bot can do is to make some averages on a few hours interval and make the best possible trade from there. What you're wanting is beyond the capabilities of machines. Heck, it even asks space and time to be curved to favor your bot's decisions!

I think there's actually a possibility to do it without having to predict anything.

Take a 24h chart. In the past 24h, say BTC's lowest point was $9,000 and the highest one was $10,000. If BTC hits $8,999.99, the bot would buy while if it hits $10,000.01, it'd sell. In 5 minutes (or whenever the 24h data changes), the figures could change.

There's no need to predict anything. Just take the data from the past 24h and make use of it if I got it right - a quite interesting idea.

Simply no. Bitcoin is not your regular stock that retains most of its trading activity from yesterday to today. It's highly volatile, and if you'll be basing your 24-hr high and low data from yesterday and use it for your exploits today, I don't think you'll make any money in the long run. You may get lucky but still, this is a sure-fire way to lose money, but with few extra steps.

[avikz]

Lol! You better find an astrologer who would predict the market for you!

No bot would know when the price has reached 24 hours low or when it will reach 24 hours high! Those inputs should be user defined and bots will just help the trader to execute seamlessly. Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

If someone advertises his bot to have artificial intelligence to detect such things, stay clear out of that! There's no easy way to make money with bots. You will have to ask your brain to come into play at all times!

I think there's actually a possibility to do it without having to predict anything.

Take a 24h chart. In the past 24h, say BTC's lowest point was $9,000 and the highest one was $10,000. If BTC hits $8,999.99, the bot would buy while if it hits $10,000.01, it'd sell. In 5 minutes (or whenever the 24h data changes), the figures could change.

There's no need to predict anything. Just take the data from the past 24h and make use of it if I got it right - a quite interesting idea.

I am sure you didn't read my post completely. I have said,

Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

But that's not what the OP is asking for. For a volatile market like bitcoin, trading on the basis of previous day's high and low, wouldn't make sense! If it was for a somewhat stable asset, it would've worked, otherwise no!

To predict the current day's high and low, you need an astrologer:D

[buwaytress]

I guess you'd just have to program that in yourself, sure all those scripts have done something like that before.

You're assuming prices always go near their 24 hour low/high, but that's only really true for sideways markets. And a bot can't do that because the 24-hr high/low shifts every minute!

In lieu of bot: set your buy orders manually at a price close to the 24 hour low (and converse on the high), and set those orders to expire after 24 hours.

[pooya87]

that is not a strategy which is probably why you can not find it anywhere. specifically you can not defined 24 hour high or low in live market. those 2 values are defined for the "history". for example take an altcoin that is dumping. lets say in the past 24 hours whales have been trying so hard to pump it but failing. eventually they decide to dump it as it reaches its maximum pumpability. no all today the price will continue going down and each low price reached is the new 24 hour low. just looking at "lowest" price your automatic bot decides to buy but keeps losing money as the coin continues dumping.
this is an example but it is also a realistic scenario that happens every day in altcoin market with a different altcoin.