Trading bot

[pooya87]

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?

well, i prefer the bot to be open source because even if i don't understand the code or don't have time to check it, others will so it can be trusted.

but if the bot is not open source but reputable, it needs to be a very good one that gets my attention. i will be hesitant to use it of course but if it is profitable i might.

only charges you if it is profitable?

can you explain more about this part,
do you have something specific in mind?

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[1337leet]

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?

I can handle some java implementations - but I'm not good enough to build such a bot on my own.
I know some ppl who would do it for money... so I'm thinking about it.
If I pay money to some developers then I need to make profit with the bot... but I'm not sure if ppl would accept the fee or even use the bot...

[Herbert2020]

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?

I can handle some java implementations - but I'm not good enough to build such a bot on my own.
I know some ppl who would do it for money... so I'm thinking about it.
If I pay money to some developers then I need to make profit with the bot... but I'm not sure if ppl would accept the fee or even use the bot...

if you have a idea for a bot like some sort of method, i think you don't need people using the bot and paying you fees, if the idea is good you can pay a developer to code it for you and use the bot yourself and make the money back.

[1337leet]

That's right.
But currently I have 0.06 BTC.... and a developer would cost about 1000$ (estimated, maybe even more).
It could take years to ROI that...

[Sampey]

C.A.T.



https://bitcointalk.org/index.php?topic=507103.0

Since 2013, more than 60 releases.
It works on 12 exchanges.
More than 170+ positive feedbacks.
Lifetime license.

If price is too high for you, you can help me sell some copies using the referral program and you will get your Copy For FREE

[1337leet]

C.A.T.



https://bitcointalk.org/index.php?topic=507103.0

Since 2013, more than 60 releases.
It works on 12 exchanges.
More than 170+ positive feedbacks.
Lifetime license.

If price is too high for you, you can help me sell some copies using the referral program and you will get your Copy For FREE

But what is the system behind it?
You need to set buy/sell prices manually?
There is no chart analysis or anything "intelligent" that weight the risk?

I want a bot that makes own decisions based on analysed data to guaarantee profit no matter if the user is acquainted  with trading or not.

Your bot CAN make profit... but it still depends on how good the user is informed - and that is the point I wanna change.

[Sampey]

C.A.T.



https://bitcointalk.org/index.php?topic=507103.0

Since 2013, more than 60 releases.
It works on 12 exchanges.
More than 170+ positive feedbacks.
Lifetime license.

If price is too high for you, you can help me sell some copies using the referral program and you will get your Copy For FREE

But what is the system behind it?
You need to set buy/sell prices manually?
There is no chart analysis or anything "intelligent" that weight the risk?

I want a bot that makes own decisions based on analysed data to guaarantee profit no matter if the user is acquainted  with trading or not.

Your bot CAN make profit... but it still depends on how good the user is informed - and that is the point I wanna change.

You're looking for an A.I. Bot 
Good luck 

PS : My bot is done for traders. It's not a magic money machine (and i discourage to believe anyone who told that his bot is something who will make you gain without knowing markets & trading)

[1337leet]

Your bot just helps traders to make it a bit more compfortable because they don't need to have an eye on everything.
But I want a real automated bot - as you said an A.I bot.

I know that this is a challange... but I'm sure if you combine enough algorithms this would be possible.
I don't know if the result would be a "money machine" ... but I'm sure it can be profitable.

But at least the framework is a lot of work.. If you would take your existing bot and add A.I. - this would be the perfect solution.

This would make it the undisputes marked leader.
And with working A.I. it would be worth the price of 0.5 BTC.

[Sampey]

Your bot just helps traders to make it a bit more compfortable because they don't need to have an eye on everything.
But I want a real automated bot - as you said an A.I bot.

I know that this is a challange... but I'm sure if you combine enough algorithms this would be possible.
I don't know if the result would be a "money machine" ... but I'm sure it can be profitable.

But at least the framework is a lot of work.. If you would take your existing bot and add A.I. - this would be the perfect solution.

This would make it the undisputes marked leader.

If you call Trades on 12 Exchange on all the markets at the same time for 24h/day using your strategy (of course, nobody in the trading history will give you something that doesn't need to be parametrized) is "a little bit more comfortable"....yes, C.A.T. let's you trade in a "bit more comfortable" mode  

The things you're looking for doesn't exists and it will never exists. Sorry about that but this is reality, and it's not a challenge.

And with working A.I. it would be worth the price of 0.5 BTC.

Well no..........with a Working A.I. it would not have a price  
My bot worth 0.5 BTC, that's for sure  

[1337leet]

You have more than 150 positive rates... so maybe you sold 200 versions?
0.5 the CAT 0.15 the API (some are free I know) so let's say 0.1 per API.

That means you got 200 x 0.6 BTC = 120 BTC

Let's say BTC = 440$

440 * 120 = 52800 $

Let's say it took you 200 hours to develop the version like it is now.

52800 / 200 = That's a loan of 264$ / hour...

Sure it is worth some BTC ... but 264$/hour?.... really?

Maybe you sold even more... and I'm sure a professional developer can do such a bot in 100 hours.... which would mean 528$ / hour....

Your work is great... but the price isn't.

Why don't you implement the proposal we did here before?
Make the version for free and implement a static fee of like 5-10% on the profits.

That would make so much more sense.... more ppl would use it, you get longterm revenue, it shows that you trust in the profitability of your bot... I can't even find a negative point...

 

[Sampey]

You have more than 150 positive rates... so maybe you sold 200 versions?
0.5 the CAT 0.15 the API (some are free I know) so let's say 0.1 per API.

That means you got 200 x 0.6 BTC = 120 BTC

Let's say BTC = 440$

440 * 120 = 52800 $

Let's say it took you 200 hours to develop the version like it is now.

52800 / 200 = That's a loan of 264$ / hour...

Sure it is worth some BTC ... but 264$/hour?.... really?

Maybe you sold even more... and I'm sure a professional developer can do such a bot in 100 hours.... which would mean 528$ / hour....

Your work is great... but the price isn't.

I do not want to offend you, but you've written tons of bullshit 

[Sampey]

Why don't you implement the proposal we did here before?
Make the version for free and implement a static fee of like 5-10% on the profits.

LOL, do you know that this is not technically possible? Even if i want....i can't......
Suggestion : never talk about things you don't have any idea on how they works 

[1337leet]

Uhh
If some ppl tell you the truth you get a bit impatient?

What was the bullshit I told? I just calculated your earnings, and I'm pretty sure I wasn't that false.

And it is possible as long as ppl accept withdrawls via API.

[Sampey]

Uhh
If some ppl tell you the truth you get a bit impatient?

What was the bullshit I told? I just calculated your earnings, and I'm pretty sure I wasn't that false.

And it is possible as long as ppl accept withdrawls via API.

The truth? Your assumptions and concept are totally wrong.
But i'm not here to make you a lesson of Software Engineering or Trading Strategy/Concept.

And about API withdrawls it doens't works this way (some Exchanges doesn't offer that method, some others request mail confirmation, and i don't implement withdrawls API for user security reason).

Good luck with your bot search 

[Herbert2020]

as you mentioned in OP, if you are looking for a simple code that only sets the orders for you then such code exists whether it is a bot which you have to pay to use or a free one that you might find.
it is not a difficult thing to do, there is just a couple of conditions that you set for buy/sell and other actions. you might be able to code it yourself if you have any prior knowledge.
heck, some exchangers even have these conditional settings in their own website.

but if you are looking for an A.I that makes decisions on its own and makes you money, then you are thinking at least 50 years ahead.

[1337leet]

as you mentioned in OP, if you are looking for a simple code that only sets the orders for you then such code exists whether it is a bot which you have to pay to use or a free one that you might find.
it is not a difficult thing to do, there is just a couple of conditions that you set for buy/sell and other actions. you might be able to code it yourself if you have any prior knowledge.
heck, some exchangers even have these conditional settings in their own website.

but if you are looking for an A.I that makes decisions on its own and makes you money, then you are thinking at least 50 years ahead.

I think you can combine different analytic algorithms and base decisions on the result.

If you use for example 10 different methods to analyse the chart and 8 of 10 methods tell you to buy now.. then I'm sure it will be profitable.

At least someone (who has the skills) should try it.

The more methods you combine the better it would be. Maybe that's not real A.I. .. but Iif it works it would be great. And I haven't seen a bot that works this way so far.

[coine_]

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?

well, i prefer the bot to be open source because even if i don't understand the code or don't have time to check it, others will so it can be trusted.

but if the bot is not open source but reputable, it needs to be a very good one that gets my attention. i will be hesitant to use it of course but if it is profitable i might.

only charges you if it is profitable?

can you explain more about this part,
do you have something specific in mind?

There is no one that can guarantee that you will profit when using a bot. And if they are they are full of BS.

I want to build a bot that trades automatically on a hourly basis. I was thinking of a monthly subscription around $20. But If it losses you money then you don't pay.

The trading info is available to everyone for free but if you want the bot to trade automatically then you have to pay for the subscription.

That way I will use the money to continusly improve the service and you will earn money.

A win-win situation.

[gilangIDR]

I believe to make trades manually is the best way for you. bot is not always appropriate.

[EdenHazard]

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.

i agree with that,they should have very good programers,and i wish they could create trading bot better than meta trader,even meta trader not a bot,but they have a good trading scheme.

[pooya87]

~~~
There is no one that can guarantee that you will profit when using a bot. And if they are they are full of BS.

I want to build a bot that trades automatically on a hourly basis. I was thinking of a monthly subscription around $20. But If it losses you money then you don't pay.

The trading info is available to everyone for free but if you want the bot to trade automatically then you have to pay for the subscription.

That way I will use the money to continusly improve the service and you will earn money.

A win-win situation.

interesting idea. especially the part that you don't have to pay if you don't profit from the bot. i have one question.
how is the bot going to work?
- is it just using Exchanger API and the user sets the trades
- or will it find it on its own and trade for you 
- or is it going to analyze the market and suggest best options that user can choose

nonetheless i am interested to see how it is going to work