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Author Topic: automated day (to be high-freq) trading  (Read 1097 times)
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June 03, 2011, 07:08:32 AM

I've developed a bot for gox trading (hosted on google app engine) which I've been using with reasonable success so far (avg profit 1-3% per day).  I am considering opening it up to outside investors and want to get an idea of the demand for such a service.  I will most likely settle on taking a percentage of the profits that it generates (as opposed to alternate pricing schemes).

It is certainly not as profitable [longer term] as simply holding at this point but it does offer the advantage of capitalizing on the near-constant noise (and is thus a good avenue for diversification).  I will, of course, over time increase its efficiency and customizability but it is already reasonably efficient and customizable.

[Sorry for the cross-post but it seems more relevant here than in 'trading discussion'].

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June 03, 2011, 05:06:08 PM

There are fairly well-known pricing models for this in the hedge fund world; 2%/20%. I'd suggest you post your daily returns on a website, find some way for them to be audited, and let the big bucks roll in.

Oh, and this service is probably illegal to offer in the US, but you may already have known that.

If you're not willing to do that, you'll probably have trouble finding people.
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June 05, 2011, 12:25:46 AM

I might be willing to put a few coins into something like this.
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