Trading on the Spread

[AdamCox9]

I built a bot to attempt to trade on the spread on the major cryptocurrencies on the exchanges with no success. It seems other bots always try to jump ahead of my orders until the spread closes until the spread is one significant digit like buy at 0.00000033 and sell at 0.00000034, etc...

Has anybody had success doing this? The bot that I am using is https://github.com/AdamCox9/nickelbot/blob/master/bots/make_min_orders.php

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[Quartx]

Think about it this way, there will always be better coders using proprietary bots which are faster and cleverer.

[kwaasteniet]

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

[Swisk]

If you're trading across multiple exchanges, why not focus on buying at a global max/min (global across the different exchanges) instead of the local spreads? There still a huge disparity between the rates offered across exchanges as opposed to the spread within any specific exchange as far as I know.

I haven't tried myself, but I don't have accounts open across different exchanges.

[Swisk]

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

[AdamCox9]

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

The market would be dead without bots. They'll be a lot of them soon bringing plenty of trade volume.

[SparkyU]

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

The market would be dead without bots. They'll be a lot of them soon bringing plenty of trade volume.

Exactly.  All markets would be far more stagnant if bots weren't around increase activity.  Besides knowledgeable people can tell the difference between a bot and a real person buying.

[AdamCox9]

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

The market would be dead without bots. They'll be a lot of them soon bringing plenty of trade volume.

Exactly.  All markets would be far more stagnant if bots weren't around increase activity.  Besides knowledgeable people can tell the difference between a bot and a real person buying.

I don't think it would be trivial to identify trades from a bot versus trades from a person if the bot designers intentions were to hide that. I'm sure there are ways to filter out the obvious bot orders to get a better idea of how many trade were done manually rather than done with a bot.

[maokoto]

Think about it this way, there will always be better coders using proprietary bots which are faster and cleverer.

That's it

And just imagine the thousands of chinese coders trying to get some profit from altcoin and bitcoin exchanges... I have also considered creating a bot, but would be lots of work and likely no profit.