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Author Topic: Trading bot  (Read 3578 times)
1337leet (OP)
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February 19, 2016, 12:01:44 PM
 #1

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.
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February 19, 2016, 12:13:37 PM
 #2

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.

Well some bots exist and are for sale but... How would you want to control your orders through a bit? It's not like the market is predictible enough to create one reliable Oo
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February 19, 2016, 12:15:16 PM
 #3

I only know of Haas Online and btc robot and they are not free tho. If I were you, I would stick to traditional trading, but as you have said, you are annoyed keeping an eye at the chart to set your order so you might want to try it. Keep in mind also that robot uses EMA which in my opinion barely works with btc trading.
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February 19, 2016, 12:52:00 PM
 #4

There is one I found that selling 0.5btc, + 0.15btc for poloniex exchanger. https://bitcointalk.org/index.php?topic=1351192.0
It inspired me to make one, I'm creating my own trading Bot using Martingale technique, not like in gambling the worse is you will loss everything, in trading you will only gain the other currency. Smiley
1337leet (OP)
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February 19, 2016, 01:14:28 PM
Last edit: February 19, 2016, 05:21:44 PM by 1337leet
 #5

0.65 BTC is to expensive... I try to create my own one... even if I'm not a pro in programming Cheesy

I try to implement a "clever" algorithm that recognizes price changes so that my bot does interact dynamically.
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February 19, 2016, 01:28:18 PM
 #6

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.

Do you trade on a daily basis?

If so you can check out the "bot" I've built at https://bitcointalk.org/index.php?topic=1335907.0
1337leet (OP)
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February 19, 2016, 01:47:33 PM
 #7

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.

Do you trade on a daily basis?

If so you can check out the "bot" I've built at https://bitcointalk.org/index.php?topic=1335907.0

I'm looking for a bot that plays the "ping pong" game.
It sells coins and if the price decreases it buys them again. A never ending loop that makes sure it's profitable and doesn't burn coins.
Best thing would be if the bot does acknowledge price changes and does automatically change the sell/order prices.
Does your bot support this?
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February 19, 2016, 01:55:59 PM
 #8

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.

Do you trade on a daily basis?

If so you can check out the "bot" I've built at https://bitcointalk.org/index.php?topic=1335907.0

I'm looking for a bot that plays the "ping pong" game.
It sells coins and if the price decreases it buys them again. A never ending loop that makes sure it's profitable and doesn't burn coins.
Best thing would be if the bot does acknowledge price changes and does automatically change the sell/order prices.
Does your bot support this?


Not yet.

I need to figure out a system for it to be profitable intra day. It's currently using MACD for daily charts, and it profitable. When I apply it for hour charts it losses more than it gains.

Do you have a system for trading? If so would you mind to share it?
1337leet (OP)
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February 19, 2016, 02:01:51 PM
 #9

Hey guys,

I sometimes do some trading on exchanges... but it's annyoing to have an eye on it all the time and set the orders - that's why I wanna get a trading bot that sets the orders for me.
Does anyone know if something like this still exists or if I have to do it myself?
Currently I use Poloniex Exchange.

Do you trade on a daily basis?

If so you can check out the "bot" I've built at https://bitcointalk.org/index.php?topic=1335907.0

I'm looking for a bot that plays the "ping pong" game.
It sells coins and if the price decreases it buys them again. A never ending loop that makes sure it's profitable and doesn't burn coins.
Best thing would be if the bot does acknowledge price changes and does automatically change the sell/order prices.
Does your bot support this?


Not yet.

I need to figure out a system for it to be profitable intra day. It's currently using MACD for daily charts, and it profitable. When I apply it for hour charts it losses more than it gains.

Do you have a system for trading? If so would you mind to share it?

I don't have one yet. But I know some ppl working in the stock market (which is basically the same).
I'm sure they can get me some working algorithms to analyse the chart.

Your bot isn't for free is it?
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February 19, 2016, 04:13:24 PM
 #10

want to know more about trading the bot... i need it very badly...but many say that its quite risky to trade it...but i need it anyway!!:D
1337leet (OP)
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February 19, 2016, 05:13:45 PM
 #11

I did call some of my friends and already got a solution for the "system" of trading.
I got an algorithm that helps you a lot to indicate if you should buy or sell.
I haven't tested it yet (because I have no bot) ... I can't say if it really works.
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February 19, 2016, 07:36:16 PM
 #12

I did call some of my friends and already got a solution for the "system" of trading.
I got an algorithm that helps you a lot to indicate if you should buy or sell.
I haven't tested it yet (because I have no bot) ... I can't say if it really works.

If you share the solution I can try to build it into Coine and give you access to it.
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February 20, 2016, 04:58:10 AM
 #13

i have checked many bots a while ago, but i could not yet find a bot that meets my needs.
there are currently two sets of bots found. (just google bitcoin or altcoin trading bot and you will find many)

the open sourced bots, which are good because they are open source so there is no doubt of their true purpose. but at the same time they are not as good and don't have enough features to use.

the closed source not free bots, which are bad because you can't tell what they will do with your API keys and also you have to buy them, but they are better because they have more features.

but none of them are good enough, the only bot which can be good is the one you code or hire a developer and ask him to code it to your needs.

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1337leet (OP)
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February 20, 2016, 12:24:00 PM
 #14

You want a good opensource one that's for free?... I don't think something like this exists.

If you take the efford and develop such a tradingbot it will take you tons of time. You can't just give it away as open source because ppl will copy the code and won't pay for your work anymore.

If I would create such a bot I would also sell it. And as far as I know you can choose if your API should be possible to do withdrawls or not. That means the API it self can't do anything bad.


Maybe I will create my own bot with intelligent chart analysis based ping pong - because all the ones that exist and that I know tell YOU to set the buy / sell price... but I want a real automatic bot that can decide weather he should buy or sell now or if he shouldn't.

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February 20, 2016, 12:49:10 PM
 #15

i have checked many bots a while ago, but i could not yet find a bot that meets my needs.
there are currently two sets of bots found. (just google bitcoin or altcoin trading bot and you will find many)

the open sourced bots, which are good because they are open source so there is no doubt of their true purpose. but at the same time they are not as good and don't have enough features to use.

the closed source not free bots, which are bad because you can't tell what they will do with your API keys and also you have to buy them, but they are better because they have more features.

but none of them are good enough, the only bot which can be good is the one you code or hire a developer and ask him to code it to your needs.

What would you think of a bot that is not open source but only charges you if it is profitable?

Would you pay for it or not?
1337leet (OP)
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February 20, 2016, 02:42:17 PM
 #16

That was also an idea that came to my mind.
Implement a fee on profits and make the software itself for free.

That's also a way to guarantee longterm revenues for the developer.
And everyone has the possibility to try it out.
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February 20, 2016, 03:57:24 PM
 #17

That was also an idea that came to my mind.
Implement a fee on profits and make the software itself for free.

That's also a way to guarantee longterm revenues for the developer.
And everyone has the possibility to try it out.

I think that is the most ethical way and everyone wins on it. Are you a developer?
talkbitcoin
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February 20, 2016, 04:07:38 PM
Last edit: February 20, 2016, 04:21:06 PM by talkbitcoin
 #18

i have checked many bots a while ago, but i could not yet find a bot that meets my needs.
there are currently two sets of bots found. (just google bitcoin or altcoin trading bot and you will find many)

the open sourced bots, which are good because they are open source so there is no doubt of their true purpose. but at the same time they are not as good and don't have enough features to use.

the closed source not free bots, which are bad because you can't tell what they will do with your API keys and also you have to buy them, but they are better because they have more features.

but none of them are good enough, the only bot which can be good is the one you code or hire a developer and ask him to code it to your needs.

What would you think of a bot that is not open source but only charges you if it is profitable?

Would you pay for it or not?

how can it charge you if it is open source?! oops, i missed "not"

i know there is one bot (not sure about the name) which you have to have a certain amount of an altcoin (same name as the bot) to be able to trade (so it is free but charges you somehow) but it is not open source.

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February 20, 2016, 04:15:24 PM
 #19

i have checked many bots a while ago, but i could not yet find a bot that meets my needs.
there are currently two sets of bots found. (just google bitcoin or altcoin trading bot and you will find many)

the open sourced bots, which are good because they are open source so there is no doubt of their true purpose. but at the same time they are not as good and don't have enough features to use.

the closed source not free bots, which are bad because you can't tell what they will do with your API keys and also you have to buy them, but they are better because they have more features.

but none of them are good enough, the only bot which can be good is the one you code or hire a developer and ask him to code it to your needs.

What would you think of a bot that is not open source but only charges you if it is profitable?

Would you pay for it or not?

how can it charge you if it is open source?!

i know there is one bot (not sure about the name) which you have to have a certain amount of an altcoin (same name as the bot) to be able to trade (so it is free but charges you somehow) but it is not open source.

You miss read.

I wrote "not open source"
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February 20, 2016, 04:33:44 PM
 #20

That's a good idea to own a bot that gives the better suggestions in trading. The real fact behind this is, it require a great programmers who work on it with regular updates to get cent percent result.

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