Do you use a bot for trading?

[leero9]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

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[extrabyte]

I've never used any bots for trading.. I just do trading only a small time of daily bases.. and I think using bot is not good. as most trading sites don't allow it. if you still use it, it means you are breaking the rules which is illegal and can ban you from the site.

[gentlemand]

This is something I'm totally unfamiliar with. How does a trading bot work? Do you program it with price targets or desired profit? Do you have to keep a constant eye on it? Do they run wild occasionally? Someone enlighten me.

[serjent05]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

[arseaboy]

dont know if i can work with the bot properly so im not using it yet im just doing basic trade and i want to learn it manually as of now so far so good i make good positioning and entry and exit by help of this forum so don't know if i have to use a bot though.

[Docnaster]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

It more interesting if you don't use bots , In trading you will one who see the trading and it more thrill when you're the one who gonna buy and sell the coins as of now i do small trades for altcoins and ico's but if im giving a chance to create bot i probably build one your just making a big mistake making human tobecome more lazier

[justdimin]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

[equator]

What you are asking is only seen in Yobit exchange trading , where i have seen so many bot trading in some coins to boost the trading and doing up and down in the price, but i dont have any knowledge and i am also seeking the bot

[bitbunnny]

I have never used bot in trading and don't have any kind of experience with boths. But the fact is that I'm not sure how successful would that trading be and there is so much parameters that have to be set if you like to use it and the question is if you can realy contol that bot, how and when to sell or buy. Maybe this is an easy way but somehow I don't have trust in it.

[amacar2]

Never had any experience with trading bots before and i think for small traders like me playing with bots setting and strategy will be waste of time. I like to do manual trading rather than trusting bots. But for bigger amount of day trading , bots may become helpful and most of the time i have seen several altcoin developer using bots to pump the volume and manipulate the price.

[electronicash]

really interested as to who ever tried using bots and have successfully earned btcs through it. Maybe it will work just on bitcoin and not on altcoins.
like the bot can do sell orders when it notices there are about more than 5 sellorders that quickly enter when moving averages change significantly and so the RSI.

[Shiroslullaby]

Do any of the exchanges have rules against using bots?
I would be very careful in admitting I used a bot. You might get your account closed and any of your coins seized if an exchange finds out you are doing automated trading.
(If it is against their terms of service.)

Also, most people that have a good bot for trading probably programmed it themselves and aren't going to give it out for free.

[Patatas]

Whether or not you do, if you were to make one, what rules would it based on?

I don't rely on bots since I'm pretty much online 18 hours a day. *Perks of being a Software Developer.
Secondly,as a python enthusiast,I have deployed a few trading bots according to the custom needs.Furthermore,here are a few suggestions you may want to consider while getting one programmed for trading.

 -No 24*7 window.Set a timeout after every satoshi made through the marginal values.

 -Keep a bot actively running in the background to send latest prices of the alt's.The trading bot should take these prices,analyze the differences in the span of 15 mins and then decide to trade or not.

 -Marginal values should be fetched from a reliable source such as prev or coinbase and not the website's tickr!

[Turbo2]

Yes, I use such a bot for trading.

Custom developed, it integrates via API on several different popular exchanges* and generates passive income for me via arbitrage (buy bitcoin cheapest possible on x platform, sell higher on y platform). Daily profit varies obviously due to BTC price fluctuations, arbitrage fluctuations, etc. If anybody is seriously interested in it and has a decent offer, PM me   Not willing to release it publicly however for obvious reasons.


*you must have valid and existing accounts on any exchange you want it to use that is supported.

[Barbut]

I never heard for such trading bot before, I noticed this topic accidentally. Can this bot make good profit, and what risks we have here?

Yes, I use such a bot for trading.

Custom developed, it integrates via API on several different popular exchanges* and generates passive income for me via arbitrage (buy bitcoin cheapest possible on x platform, sell higher on y platform). Daily profit varies obviously due to BTC price fluctuations, arbitrage fluctuations, etc. If anybody is seriously interested in it and has a decent offer, PM me  Not willing to release it publicly however for obvious reasons.

*you must have valid and existing accounts on any exchange you want it to use.

I will open accounts on exchanges where I don`t have it, do we need to be connected on more then one?
Can you share more about your experience, where did you download that bot, how much is your starting investment. Did you make any profit, did you lose something? Tell about exchange sites you use. Thanks in advance for all informations you can give.

[klaaas]

Google will point you to older opensource projects that you can use/abuse to your own needs.

I make and test mostly semi automated stuff.
 This one is quite easy to rewrite.

[milewilda]

Dont even  heard about it   about trading bots  but  if those thing  exist i would not  mind to use it because its  better  to do it manually  because you could  observe the price movement correctly and  no bot  can decide  which is the best time to  buy or sell but  yourself only.

[Slark]

Yes, I use such a bot for trading.

Custom developed, it integrates via API on several different popular exchanges* and generates passive income for me via arbitrage (buy bitcoin cheapest possible on x platform, sell higher on y platform). Daily profit varies obviously due to BTC price fluctuations, arbitrage fluctuations, etc. If anybody is seriously interested in it and has a decent offer, PM me   Not willing to release it publicly however for obvious reasons.


*you must have valid and existing accounts on any exchange you want it to use that is supported.

Have you developed this bot yourself or bought it somewhere? Your obvious reasons for not releasing this bot is: " I want to sell it for good price" and that is fine. I understand.
One more question: where are your trading? i.e where you can use this bot, obviously it won't work on ANY exchange.

[ethereumhunter]

i am not use any bot for trading, i am trading like other people. the reason i don't use the bots is i don't have money to buy the bots that i think its really expensive for me, but if i have money, i think maybe i will buy that bots and use it for trading.

[JeffBrad12]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

Never, trading with manually is better than using the bot, so we can imagine if the bots are already infiltrated or infected by malware, and such as will steal our data and that's very bad. so never believe with the 3rd supporting software. and i don't think the bot is work for using in exchange.

[noictib]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

i think the trade site will block your account if you will use bot . because use of bot for satoshi site is not legal in view of admin . for example you use bot for trading at yobit.net but there is option to get faucet collection daily . so yobit will ban your account if they sure that you are using bot .
always use legit way to get trading profit and legit way for faucet also .

[Ulloa]

No I'm not using a bot for trading because I think its simply not smart and it can also let you lose a lot of money, I recommend you to never use one because they are simply not working at all..

[Strongkored]

i'm not use bot for trading, the reason is:
1. to expensive for me, i see many bot for trading is in high price, i dont know about the free bot
2. i'm not familliar using this one
3. i'm more comfort with manual trading

[pooya87]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

i have searched for this for a long time, you can find my topics back in 2014 asking for open source bots and free bots ,...

finally i started learning a programming language and made myself a bot which i am constantly developing and i use that.

[Supercrypt]

i'm not use bot for trading, the reason is:
1. to expensive for me, i see many bot for trading is in high price, i dont know about the free bot
2. i'm not familliar using this one
3. i'm more comfort with manual trading

There are a lot of free trading bots are available, still I believe they are not required for better trading as you are already comfortable in your manual trading. Moreover free bets are not that much a reliable (sadly paid ones too) to relay on them for making our trades profitable.

You can gain familiarity with using bots just with free ones but in trail accounts.

[exscudo]

As I have heard from one of the professional traders, 'never use a bot is you don`t know what`s inside of it'. So if you don`t understand its algorithms, your trading becomes gambling with a black box: you put your money in it, and then you open it in hope that there will be more of it.

[BlockEye]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I dont use a bot when trading it is better to trade and manage my trades manually . My friend use a bot trader ,he use to trade when he is busy and use trading bot in a binary trading . But he says the disadvantage of bot is you can't manage your profits and loss .so its better to trade with yourself.

[leero9]

Wow guys thank you for all the replies!

I was thinking about it... and it makes sense that you will first need to have a trading strategy/setup in place, and then the next step would be to programme those rules into a bot. I'm not here to talk about 3rd party bots where like exscudo said "you don't even know what's inside it".

And the reason why people who have working and profitable bots usually do not sell it is because, the more people have the bot, the less likely it will be profitable. Imagine someone with a working arbitrage bot, is making money because there is price discrepancies between different exchanges; if everyone has that same bot, the price discrepancies would eventually disappear and not everyone will be able to get part of the pie.


Off the top of my head, one simple setup would be an MA crossover (or even triple MA) which you watch on two timeframes (lower timeframe for deciding entry/exit prices, high timeframe for trend confirmation). Of course, it should have couple more rules in place to avoid taking every trade when MA crosses.. AND it is definitely not as easy as it sounds otherwise everyone would have their own highly profitable trading bots. Like I said, we first need a profitable setup, and then programme those rules into the bot.


Also, I think such trading bot rules will work for more established markets like BTC or ETH, or with traditional money markets. When it comes to altcoins, problems with liquidity likely render most bots useless, or at least will require a different set of rules, or parameters that consider volume and liquidity.

For altcoins, a "volumizer" seems to be pretty common, but I wonder what other functions people who trade altcoins put in their bots.. I could think of so many different kinds of bots for different functions for trading altcoins.. pretty sure whales have bots that can carry out many different functions. Also something interesting could be to create a "research" bot to study volume (among other parameters) of altcoin markets to pick up on anomalies or know when something is brewing.


Seen some talk about "altcoin developers using bots to pump the volume and manipulate the price".. But what would this bot actually do? I'm guessing some functions could include to create volume with self buys/sells, placing buys/sells higher than others, price suppression with large sell walls, etc..


Maybe another way to put my initial question would be:

What is your trading setup/strategy? I'm sure you have a few basic rules that you abide by to some extent.

Whether or not you do, if you were to make one, what rules would it based on?

I don't rely on bots since I'm pretty much online 18 hours a day. *Perks of being a Software Developer.
Secondly,as a python enthusiast,I have deployed a few trading bots according to the custom needs.Furthermore,here are a few suggestions you may want to consider while getting one programmed for trading.

 -No 24*7 window.Set a timeout after every satoshi made through the marginal values.

 -Keep a bot actively running in the background to send latest prices of the alt's.The trading bot should take these prices,analyze the differences in the span of 15 mins and then decide to trade or not.

 -Marginal values should be fetched from a reliable source such as prev or coinbase and not the website's tickr!

Yes, I use such a bot for trading.

Custom developed, it integrates via API on several different popular exchanges* and generates passive income for me via arbitrage (buy bitcoin cheapest possible on x platform, sell higher on y platform). Daily profit varies obviously due to BTC price fluctuations, arbitrage fluctuations, etc. If anybody is seriously interested in it and has a decent offer, PM me   Not willing to release it publicly however for obvious reasons.


*you must have valid and existing accounts on any exchange you want it to use that is supported.

Google will point you to older opensource projects that you can use/abuse to your own needs.

I make and test mostly semi automated stuff.
 This one is quite easy to rewrite.

Thank you for the tips!! 

[xIIImaL]

As I have heard from one of the professional traders, 'never use a bot is you don`t know what`s inside of it'. So if you don`t understand its algorithms, your trading becomes gambling with a black box: you put your money in it, and then you open it in hope that there will be more of it.

But million dollar trader always use bot on trading and Simple people who use trade the bitcoins for the daily needs and who is doing professional trading will not with bot trading, Because to avoid and coding issue or any malfunction in transactions.

[jhenfelipe]

Just like others, I never used bot in trading. Honestly, I don't know how it works, or even how to set it up to do trading for me or for anybody. I'm also thinking if there is really an advantage? I mean you can earn more with that? Hmmm, anyway I think it is still better without it, at least you can manage your trades with your own decision/control. That's the reason why I don't see myself making one in the future. It seems that you already have plan in making your own, good luck   Thank you for sharing your idea too.

[leero9]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

i have searched for this for a long time, you can find my topics back in 2014 asking for open source bots and free bots ,...

finally i started learning a programming language and made myself a bot which i am constantly developing and i use that.

That's really great! Wish I had your tenacity to learn programming from the ground up..

Could you share a little about what your bot does or what functions it has?

[leero9]

Just like others, I never used bot in trading. Honestly, I don't know how it works, or even how to set it up to do trading for me or for anybody. I'm also thinking if there is really an advantage? I mean you can earn more with that? Hmmm, anyway I think it is still better without it, at least you can manage your trades with your own decision/control. That's the reason why I don't see myself making one in the future. It seems that you already have plan in making your own, good luck   Thank you for sharing your idea too.

Thank you for the good words!

I think that if you already have a working trading strategy, that can be turned into an algorithm to trade for you exactly the way you want it.

But of course, first coming up with a profitable trading strategy is the hardest part, since as most people say, 95% of traders are not profitable.

[Xenophoto]

I don't see the need to use bots in trading. There are bots in trading that buys or sells a coin at the minimum amount possible just to make the name of the coin in the list blink continuously. I guess that's other people's way to attract investors and to promote their coin but seriously, you don't need any bot other than that. You just have to set your buy/sell order and leave it. Bots wouldn't make you have a seller/buyer quickly.

[harizen]

Im regularly watching and monitoring the price so in the first place it's not necessary for me to used the bot service. Using bot is good for fiat currency trades since the price is stable. For bitcoin and altcoin, you need to monitor the price regularly especially on altcoin trades since the price fluctuates much.

But honestly, I didn't know some bot program that allowed in some popular bitcoin exchanges.

[senyorito123]

I don't use bot since i can monitor the price for my own without relying on that and also i don't see any people use this kind of bot in tradings since i don't reall believe that theirs a working one on those exchangers, but since theirs a service offering some bot script on such huge exchangers i think this is to good to be true since i beleive tradings need effort to earn.

[iv4n]

I don`t like bots, that's why I don't use them, I need to admit that I never used this trading bot, even I heard about it here. I trade for fun, I don`t expect some big profit, cause I just go with informations I find here. If I see some good thing going on with some coin, I open my yobit account see a little for myself and buy some amount of that coin I heard good things.
Can you say how much profit you made with your trading strategy? And do you think its easy money? I mean can anyone do it, or this kind of earning require some skills and knowledge?

[talkbitcoin]

i do my trades as long term buy and sells meaning i go to my exchanger and open some orders to buy at a price that i have decided is good for me to buy at and then set a price in mind to sell and i either open sell orders before or at the time price reaches that point.
so i don't really feel the need for bots.

but i have been looking around for a good bot preferably free and open source or at least cheap but good. sadly i have not found one yet.

[Sampey]

Hundreds of traders use my C.A.T. bot : https://bitcointalk.org/index.php?topic=507103.0

And Exchanges are very happy when bot comes in play : they generate a LOT of volumes and more volumes = more fees.

I directly works with many exchange admins, and i never receive a response like "we don't want BOT on our exchange".
Of course some of them set a "spam filter", for example no more than 3 API Call/second from the same IP

[BitHodler]

I was planning to have a highly skilled coder develop one for me, but I as a noob when it comes to code don't know whether or not he didn't add a line of nasty code where he can access my account.

That's for me the main reason of why I don't use a bot for my trading.

[SAMKUSH]

I have used bots for on demo accounts and to trade very small amounts, these amounts are worth less than $10, this was just to see if the bot works well and if it makes the profit I expect. The bot was very successful in making profit the majority of the time however it was when there were large changes in price, anything where the price changes by over $20 in a few minutes, that things started to go wrong. Because of this i mainly trade manually.

[el kaka22]

I have used bots for on demo accounts and to trade very small amounts, these amounts are worth less than $10, this was just to see if the bot works well and if it makes the profit I expect. The bot was very successful in making profit the majority of the time however it was when there were large changes in price, anything where the price changes by over $20 in a few minutes, that things started to go wrong. Because of this i mainly trade manually.

Thank you very much for sharing your experience. It must be really a great help to this community. I really appreciate it.

Bots are working as per predetermined parameters. So, expecting them to perform well for all type of market conditions is completely meaningless. If we are having some knowledge on setting up those parameters, we will be get chances to make them work according to market conditions but it is not for beginners, only advanced traders could do this.

[carap]

There are few reasons why one might want to use a bot:
1. Bot may work 24/7, obviously protein-traders are much more limited in this sense.
2. Bot has no emotions, thus may keep following a predefined trading strategy, no matter what happens.
3. Bot makes no mistakes! (once I wanted to place a sell order for 640$, I was tired and disturbed and I entered a price of 460$ - executed immediately)

Personally, I trust bots more than various asset managers.

[exscudo]

I trust bots more than various asset managers.

Beg your pardon, do you have practical experience with bots? Do you write their code or you just buy them? Quite interesting to hear someone`s opinion on that matter, who is into bots.

[carap]

do you have practical experience with bots?

A lot! I assume that should be clear from my post. 

Do you write their code or you just buy them?

I bought/rented few bots in the past. Later I (and some of my colleagues) developed a couple of bots running different strategies.

Bot is not an AI that makes human-like decisions. It is only a tool that helps to automate a set of simple routine operations.
IMO it is essentially important to fully understand the logic of the bot that may be allowed to trade.
If its logic is obscure or described in vague terms (a mathematical bot running on neural networks and optimized with genetic algorithms with super-profitable strategy) - I will never give it a chance!!!

[Pamadar]

do you have practical experience with bots?

A lot! I assume that should be clear from my post. 

Do you write their code or you just buy them?

I bought/rented few bots in the past. Later I (and some of my colleagues) developed a couple of bots running different strategies.

Bot is not an AI that makes human-like decisions. It is only a tool that helps to automate a set of simple routine operations.
IMO it is essentially important to fully understand the logic of the bot that may be allowed to trade.
If its logic is obscure or described in vague terms (a mathematical bot running on neural networks and optimized with genetic algorithms with super-profitable strategy) - I will never give it a chance!!!

even you have a bot you still needed to look on your investment you needed to input information on how make your trade successfully i think its use just if its needed when you are going to leave your trade for sometime but me i still prefer to use my own knowledge when im trading.

[carap]

even you have a bot you still needed to look on your investment you needed to input information on how make your trade successfully

Absolutely! As I said, it is only a tool to automate some routine processes.
It's like driving a car - it is faster than walking, it may carry weights, etc. But you can't just enter the destination address and let it drive there on its own (that be risky even with Tesla). 

Bot is absolutely useless for the buy and hold strategy, but sort of essential for high-frequency day trading (like scalping).

How many orders a protein-trader may place during one day (OK, during two hours)?
How many mistakes (i.e 0.0000021 instead of 0.00000021) is likely to be made?

[Newcoins2020]

No I'm not using a both to trade any of my altcoins because I think that using a bot will not even help you, I even think that it can destroy your strategy and that it will let you lose money on a long term.
I think using these bots is simply not worth it and we should also not do this too.

[adi33]

I just know if I can in trading bot. but to my knowledge it open that often do bot dev coin itself? usually in yobit every day there are bots coins intended that traders buy their coins first time I ever get to know my initial trading and my BTC sold-out

[ivanst776]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

[Sampey]

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

Well yes i'm trusted 
I started selling my bot in 2013 (it was only a Cryptsy Bot) and never stop since them, with near 1 release every 20-30 days.
Now after near 65 release (20 beta + 44 Official) C.A.T. works on 18 exchanges and i have 200 Positive Feedbacks on my profile (this is why i'm trusted  )
Another reson for my trust is that C.A.T. is a DESKTOP Application and i don't own private user key (and anyone could run C.A.T. inside a SandBox and check if there's some "strange" http call other than the Call to the Exchanges)

 

[arunka71]

Working on bot code myself.

I think there are simple and efficient strategies, that only bots can do, because they require to fetch and calculate a lot of data constantly. So in a way, most bots are not really a competition for technical traders looking for swings and such.

[stadus]

Working on bot code myself.

I think there are simple and efficient strategies, that only bots can do, because they require to fetch and calculate a lot of data constantly. So in a way, most bots are not really a competition for technical traders looking for swings and such.

That's impressive dude, if only I know how to code I would have make one for me or maybe share it with others so everyone will be happy and will make money.

Anyway, good luck to your experiment, and if you wish to share it please let me be the one to try it.

[wintermeasures]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

No I Never Used Bot For Trading Because It is Not Allowed By Most Of The Trading Websites And If I Use It Then The Website Could Ban me For Breaking Their Rules....
Also I Suggest You Bro Do Trading Yourself and Don't Use Bote For Trading....

[JeffBrad12]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

No I Never Used Bot For Trading Because It is Not Allowed By Most Of The Trading Websites And If I Use It Then The Website Could Ban me For Breaking Their Rules....
Also I Suggest You Bro Do Trading Yourself and Don't Use Bote For Trading....

This is not about for banning or breaking the rules, the another worst thing you can get infected a malware from the software, because that is from the another people is you're not know him. and for reducing the chance, never using a bot for trading.

[leero9]

I was planning to have a highly skilled coder develop one for me, but I as a noob when it comes to code don't know whether or not he didn't add a line of nasty code where he can access my account.

That's for me the main reason of why I don't use a bot for my trading.

If you did manage to find an honest and skilled developer, what would you put in your bot?

[leero9]

do you have practical experience with bots?

A lot! I assume that should be clear from my post. 

Do you write their code or you just buy them?

I bought/rented few bots in the past. Later I (and some of my colleagues) developed a couple of bots running different strategies.

Bot is not an AI that makes human-like decisions. It is only a tool that helps to automate a set of simple routine operations.
IMO it is essentially important to fully understand the logic of the bot that may be allowed to trade.
If its logic is obscure or described in vague terms (a mathematical bot running on neural networks and optimized with genetic algorithms with super-profitable strategy) - I will never give it a chance!!!

Appreciate your sharing!

If I may ask, what strategy did you employ on your bots? hope you can share some insight though i also understand if you don't want to..

[Caladonian]

do you have practical experience with bots?

A lot! I assume that should be clear from my post. 

Do you write their code or you just buy them?

I bought/rented few bots in the past. Later I (and some of my colleagues) developed a couple of bots running different strategies.

Bot is not an AI that makes human-like decisions. It is only a tool that helps to automate a set of simple routine operations.
IMO it is essentially important to fully understand the logic of the bot that may be allowed to trade.
If its logic is obscure or described in vague terms (a mathematical bot running on neural networks and optimized with genetic algorithms with super-profitable strategy) - I will never give it a chance!!!

Appreciate your sharing!

If I may ask, what strategy did you employ on your bots? hope you can share some insight though i also understand if you don't want to..

good thing mate if there's something that can be shared here regarding how bot should be coded it can be a great help and advantage to all of us who's really trying to make some success trading hope someone can added it up here OP good luck.

[carap]

I Never Used Bot For Trading Because It is Not Allowed By Most Of The Trading Websites

wintermeasures, can you be more specific when making statements like this one? Could you give a quote from rules of any reputable crypto-trading platform clearly stating that bots are prohibited?

Here I would like to refer to Sampey (creator of C.A.T) -

"Exchanges are very happy when bot comes in play : they generate a LOT of volumes and more volumes = more fees."

+100!

how bot should be coded it can be a great help and advantage to all of us who's really trying to make some success trading

Coding bot has nothing to do with success trading. Knowing how to sharpen a knife will not make one a good plastic surgeant
Most of the code can be found in API sections of trading platforms (i.e https://www.kraken.com/en-us/help/api#example-api-code)

I normally begin with creation of some sort of the simple terminal that allows placing/cancelling orders and printing the list of executed/active ones. When I have these building blocks implemented and tested I may proceed farther to the strategy automation.

[pooya87]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

i have searched for this for a long time, you can find my topics back in 2014 asking for open source bots and free bots ,...

finally i started learning a programming language and made myself a bot which i am constantly developing and i use that.

That's really great! Wish I had your tenacity to learn programming from the ground up..

Could you share a little about what your bot does or what functions it has?

i didn't learn programming from scratch, i had some background in programming back from college and i only build up on that.
it really doesn't have that many options, although i add new ideas if i have any from time to time. it is pretty basic trading and some super secret algorithms that i am working on

as others have mentioned you have to have a strategy first then think about a trading bot.

[dunfida]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

I saw that CAT  too but  i dont  have any interest  to get one of those because  i dont have trust  when they handle  my trading  , its better to decide on your own will and  does  not depend  fully on bots because  results  maybe worse  when you intend to rely on bot  but  thats  not always the case .

[klf]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

I saw that CAT  too but  i dont  have any interest  to get one of those because  i dont have trust  when they handle  my trading  , its better to decide on your own will and  does  not depend  fully on bots because  results  maybe worse  when you intend to rely on bot  but  thats  not always the case .

I do agree that if we don't have a knowledge on how to trade then it is better to avoid and find some other investments to grow instead depending on some bots. Because it may give you big loss and later need to worry. So I never use any bot but I always go for long in my trade and so for made a decent profit.

[xuan87]

no i don't use any bot to trade, my friends ever suggest me to use it, but i never try it, because I am just learning how to trade, I prefer to gain the trading knowledge, then after I got the skill i will consider using the bot, my friends said that using bot will make trade easier because when its reach the limit we set,we can execute the command we want

[arunka71]

That's impressive dude, if only I know how to code I would have make one for me or maybe share it with others so everyone will be happy and will make money.

Anyway, good luck to your experiment, and if you wish to share it please let me be the one to try it.

I already shared some of my code

https://github.com/aviau/cryptocoin-tradelib

and also shared some of my strategies via screenshots of my bots:

http://imgur.com/xpqoqnk

http://imgur.com/OoP0aNo

I hoped to get some form of a collaboration going, but noone has ever really contributed anything back, so I gave up on this idea.

Maybe it would be feasable to create something sellable, but I am not good at UI design and I have no idea about PR, promotion etc. So I also gave up on this idea.

[iqlimasyadiqa]

bot use on trading in my opinion is the action to waste the opportunity. we could lose a great opportunity.
bot on trading in my opinion is an act that is useless.

[Docnaster]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.

[senyorito123]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.

Yes i don't trust those program truly since i don't see any people successfully earn continuesly from that kind of bots, and tradings needs full monitoring and peoples pressence so we can earn with this, all we need to do is wait and monitor and also don't really on bot since it cannot help our cause since we cannot learn the trade battles happening im some certain trading sites.

[talkbitcoin]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.

i don't agree with the last part of what you said.
bots are for making things easier and 1000 times faster, and also in so many cases you can use bots to eliminate mistakes. because humans make mistakes either because of being tired, distracted or even emotional, all of these are eliminated when using a bot.

[mpgh1]

no bots i don't belive in those the sites offer you unless you build one yourself.

[dunfida]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

I saw that CAT  too but  i dont  have any interest  to get one of those because  i dont have trust  when they handle  my trading  , its better to decide on your own will and  does  not depend  fully on bots because  results  maybe worse  when you intend to rely on bot  but  thats  not always the case .

I do agree that if we don't have a knowledge on how to trade then it is better to avoid and find some other investments to grow instead depending on some bots. Because it may give you big loss and later need to worry. So I never use any bot but I always go for long in my trade and so for made a decent profit.

Yes,  if we dont have  knowledge on trading then its better to  find other  investments because  you are  just throwing your money and  you would surely regret later.  Bots are  just guide  and they are not  usually making trades  to make  it profitable  anytime  but there are really times  which these bots  could make  you profit some.

[allyouracid]

I'm using bots from time to time. But none of those developped by others (HaasBot and CAT seem to be decent ones), but my own creations instead. It's not primarily to make insane profits, but for the coding itself. It gives you a better understanding of trading, certain processes and coding itself.
Mostly, it's when I recognize some odd behavior on the markets (recurring buys/sells or other kinds of behavior which can be used to make a few bucks) that it gets me interested if that process can be automated. A while ago, a friend pointed me to some weird behavior of recurring buys and sells on an exchange which drove the price up and down enough so place buys and sells with profit. I tried that for a while and it worked, and then I thought that this can easily be automated.

My target always is to be as simple as possible, use little logic to keep things easy. It works (said bot had between 1 and 4% gains per day when Bitcoin was moving sideways… downside was that it only worked with small amounts of sub 1 BTC and it didn't adapt when BTC suddenly started trending.

Most of the time, my tools are raw terminal applications, which means there's no UI and no user registration or anything which would enable me to put that functionality for rent. Mainly because I don't want to bother with securing the trade API keys of other users (this makes a server a potential target for attacks), so I only play for myself.

[YTBitcoin]

i do not have much knowledge about trading bot but still I consider it as a harmful for my capital and I think it will not be able to use the mind to decide for a right action at a specific time.

[Hellacopter]

No i don't use a bot for trading, because i just trade sometimes with small amounts right now. But i think experienced traders which trade everyday almost, use it because it facilitate the work for them

[nejibens]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

[bestluck]

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

[pooya87]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

this IS the way to do it. you should first do everything manually and take time to learn everything yourself and then you can figure out which part of it you can do with automation (using bots) and which parts of it you have to do manually.

[dunfida]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

this IS the way to do it. you should first do everything manually and take time to learn everything yourself and then you can figure out which part of it you can do with automation (using bots) and which parts of it you have to do manually.

This is  true , you couldnt able to use  bot  on trading especially when you are still a newbie  because you wouldnt know  how to use it at all because of lack of knowledge  and as you said  you could  use bots for automated   trading especially when you do  long trades.

[carap]

I use bots, I use them most of the time! Why?
As I already stated before, you should only use bots whose trading strategy you know very well. Ideally, bot should implement your own trading tactics.

Let me explain. Let's say I just deposited 1000$ with a bank transfer to my Kraken account. Now I want to buy something cheap and sell it with a little profit (I wanna be a frequent trader). I see the price of BTC is about 615$. Low is 609, high is 618. So, I placed an order to buy 0.5btc @610 and 0.5@605.
Now what? Now I should wait for my orders to execute, and once it happens I will place my sell orders.
But when? In few minutes, hours, days??? Should I log-in every hour, or monitor the price ticker?

I have a better solution, I configure my bot to monitor the execution, and once it happens, it will automatically place a sell order.
If bought @610, a sell order @620 will be placed, if happens to buy @605, another order to sell @615 will be placed.

I don't care anymore, I can do my own stuff, spend time with family, take a walk with kids, etc, etc...

That is a very basic trading cycle. And it can be repeated again and again and again, making about +5$ at each iteration. That is an example of some super simple bot logic. No black magic. You can do it all manually, but all of us have many better things to do instead.

[Caladonian]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

this IS the way to do it. you should first do everything manually and take time to learn everything yourself and then you can figure out which part of it you can do with automation (using bots) and which parts of it you have to do manually.

This is  true , you couldnt able to use  bot  on trading especially when you are still a newbie  because you wouldnt know  how to use it at all because of lack of knowledge  and as you said  you could  use bots for automated   trading especially when you do  long trades.

starts manually then you can assess if you will be fit on what particular trade style you choose to use then if you already okay with it you can start using bot in order for you to take advantage and predict more advance.

[coynedterm]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

i think you are a site programmer or script maker for site programming . so you can make .
but after Make of your successful bot you will got nothing because the site at which you will trade will ban your account because . every trading site is secure d with security online .

[DixieCrayon]

I dont understand the people who are using bots by tradings what if the bot does not predict the best price for the bitcoin you will say i can do it better and do you think
bots can be usefull to make big money or do you think a human brain is many times better off course !

[daneranon89]

I have not used bots to trade. I am not a hard core trader. I just trade when I see the opportunity and prefer to do swing trades than day trades or scalping. I not a programmer, so making bots is not an option and if you want to buy trading bots, I don't think they come cheap.

[StarofBTC]

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

That must be a right practice, because when you are not unable to predict market movements you may need to depend on others but going for bots is not right decision in my opinion as no machine codes will predict as good as our knowledge and experience. Using our own brain will help us to crack profits from trading. Bots may fail time to time.

[carap]

if the bot does not predict the best price for the bitcoin

you will say i can do it better

no machine codes will predict as good as our knowledge and experience

Trying to predict is a road to hell!
No one knows what the price will be tomorrow! NO ONE!!! Don't think you are an exception! Even if you've touched the sky once.

I never make forecasts.

[hajimasan]

in my opinion it would be only a wrost hard work for money . because bot can't predict price bot can do those work which are already programmed . so i think you should use oqn hardwork for trading for better profit instead to get loss from bot .

[naidray]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

No, both beginners and experienced traders do not need any trading bots as no bots are consistent in their performances. Really, I could not find a scenario where we could use bots. Because, some bots are working perfect in low fluctuation markets whereas some others are working with highly fluctuating prices. Manual trading is better for consistency.

[Red-Apple]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

No, both beginners and experienced traders do not need any trading bots as no bots are consistent in their performances. Really, I could not find a scenario where we could use bots. Because, some bots are working perfect in low fluctuation markets whereas some others are working with highly fluctuating prices. Manual trading is better for consistency.

no strategy is always 100% bot or 100% human. you always use bots and a lot of other handy things to help you do a better job at trading.

and yeah bots are usually bad when the situation changes like the fluctuations that you  said here, and that is why i say there should be a human in the equation monitoring everything the bot does to correct any possible mistakes that happens.

[Hedrilin]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

It more interesting if you don't use bots , In trading you will one who see the trading and it more thrill when you're the one who gonna buy and sell the coins as of now i do small trades for altcoins and ico's but if im giving a chance to create bot i probably build one your just making a big mistake making human tobecome more lazier

Why does everyone usesbots by tradings now i see the point this is the main reason why people are paying attention to peopel who are quitting with tradings you have to be your own bot
no bot can replace a hhuman that is one thing you have to know.

[gandame]

No i'm use bot for trading because i dont know what is bot? And i dont know how to use it. So maybe you can teach me about it for me to learn how use and what is good benefits i can recieve in that bot.
Because i heard that in many traders especially to those trade altcoin some of them use bot.

[rickadone]

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

That must be a right practice, because when you are not unable to predict market movements you may need to depend on others but going for bots is not right decision in my opinion as no machine codes will predict as good as our knowledge and experience. Using our own brain will help us to crack profits from trading. Bots may fail time to time.

Not just in time. I had very worst performance with a bot in my bitcoin trading. I used it to auto trade bots, but it was unable to book any profits for me. I guess instead of going for a auto trade bots, going for buy-sell predicting bots is somewhat good. Because we will be having control over to choose the best calls and to avoid others.

[ivanst776]

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

Well yes i'm trusted 
I started selling my bot in 2013 (it was only a Cryptsy Bot) and never stop since them, with near 1 release every 20-30 days.
Now after near 65 release (20 beta + 44 Official) C.A.T. works on 18 exchanges and i have 200 Positive Feedbacks on my profile (this is why i'm trusted  )
Another reson for my trust is that C.A.T. is a DESKTOP Application and i don't own private user key (and anyone could run C.A.T. inside a SandBox and check if there's some "strange" http call other than the Call to the Exchanges)
 

From the feedbacks I can consider that C.A.T bot as trusted but why I said I don't trust is because my money is managed by someone else.

So there is always a "room" to be worried and with only an update the developer can infect all users(not saying that you will but this can happen).

I still prefer to make my tradings on my own and If I make a mistake I will not accuse the bot or someone else but myself.

[DuckKeeper]

Whether or not you do, if you were to make one, what rules would it based on?

I don't rely on bots since I'm pretty much online 18 hours a day. *Perks of being a Software Developer.
Secondly,as a python enthusiast,I have deployed a few trading bots according to the custom needs.Furthermore,here are a few suggestions you may want to consider while getting one programmed for trading.

 -No 24*7 window.Set a timeout after every satoshi made through the marginal values.

 -Keep a bot actively running in the background to send latest prices of the alt's.The trading bot should take these prices,analyze the differences in the span of 15 mins and then decide to trade or not.

 -Marginal values should be fetched from a reliable source such as prev or coinbase and not the website's tickr!

You should never use a bot for your tradings becuase i know for sure that when you pay attention every time i dont think the bot will be better than you becuase humans
makes the bot and that is the problem.

[ArdiPrabowo]

bot for trading can't prediction price so if you use bot not guaranted profit
bot only setting in you buy or in you sell and use averaging or martiangle
use bot or not is same, this not use bot you can pending order in your trading system

[noictib]

bot for trading can't prediction price so if you use bot not guaranted profit
bot only setting in you buy or in you sell and use averaging or martiangle
use bot or not is same, this not use bot you can pending order in your trading system

yeah , and another things some trading sites doesn't allows bot script to handle ac . so it is not much cool idea of bot trading .

[gilangIDR]

I think the use of bots is not that great .. because we do not directly follow the price movement bitcoin. whereas we could be in a time of bitcoin have better prices than back then. it was a chance to be regretted.

[Cozynunu]

Do any of the exchanges have rules against using bots?
I would be very careful in admitting I used a bot. You might get your account closed and any of your coins seized if an exchange finds out you are doing automated trading.
(If it is against their terms of service.)

Also, most people that have a good bot for trading probably programmed it themselves and aren't going to give it out for free.

Why using bots to make your trades i know that bots are made  by human and they need to be updated every second as specially by the bitcoin you know becuase the
price of the bitcoin changes so many times you should be doing it by your self.

[Whosdaddy]

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

That must be a right practice, because when you are not unable to predict market movements you may need to depend on others but going for bots is not right decision in my opinion as no machine codes will predict as good as our knowledge and experience. Using our own brain will help us to crack profits from trading. Bots may fail time to time.

Not just in time. I had very worst performance with a bot in my bitcoin trading. I used it to auto trade bots, but it was unable to book any profits for me. I guess instead of going for a auto trade bots, going for buy-sell predicting bots is somewhat good. Because we will be having control over to choose the best calls and to avoid others.

You mean to say, instead of depending on some third party tipser, it would be good to use the bots to predict call for us?

That must be a right approach. Because we are only going to trade still, but we are giving responsibility of predicting market directions to the bots. But, with this kind of approach, we still need time and dedication for analysis so that we can choose best calls.

[el kaka22]

No I do not use bot for my trade as I know well that how to trade and I put all my efforts in doing trade and use my mind to choose the correct point to buy and sell any asset and I think that work will not be possible with a bot so I do not rely on bot for my trade.

That must be a right practice, because when you are not unable to predict market movements you may need to depend on others but going for bots is not right decision in my opinion as no machine codes will predict as good as our knowledge and experience. Using our own brain will help us to crack profits from trading. Bots may fail time to time.

Not just in time. I had very worst performance with a bot in my bitcoin trading. I used it to auto trade bots, but it was unable to book any profits for me. I guess instead of going for a auto trade bots, going for buy-sell predicting bots is somewhat good. Because we will be having control over to choose the best calls and to avoid others.

You mean to say, instead of depending on some third party tipser, it would be good to use the bots to predict call for us?

That must be a right approach. Because we are only going to trade still, but we are giving responsibility of predicting market directions to the bots. But, with this kind of approach, we still need time and dedication for analysis so that we can choose best calls.

To be successful with your trading you always need to be so dedicated. Without spending time you will not be able to be successful with any trading even you are using bots. Bots may not work for different market fluctuating situations, in those times, we must stop using bots and going for manual trading would be the right approach in those times. So, we always need to stay with our trading as that will ensure any unwanted events.

[arunka71]

I think, most of you make the mistake to think only in terms of technical trading.

[PokerFace3]

I am beginner with trading, so i prefer to study the chart without any bot to get good experience. I think only the experienced traders use bots for trading nowadays.

No, both beginners and experienced traders do not need any trading bots as no bots are consistent in their performances. Really, I could not find a scenario where we could use bots. Because, some bots are working perfect in low fluctuation markets whereas some others are working with highly fluctuating prices. Manual trading is better for consistency.

You must be right, bots are depending on some pre-set parameters and only for known market conditions. Definitely no bots will sustain with the new market situations like any high volatile new events. I also have concluded without using bot would have helped me to secure our capital by this time, I am also one of victim of faced losses with bot enabled trading.

[nindie]

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

[dunfida]

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

True, if theres a  bot that would usually  give you  income on doing trades i would not tend to sell it after  all and  i would spoil  it  to get maximum profits. Bots are just guides and  just  doing automated trading and wont really guarantee you to make  profits on the long run.

[trissfc1998]

A sneak peek of alpha version of my personal bot.
Maybe i'll release the source code on Github after I am finished developing it  Cool

[Colt22]

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

True, if theres a  bot that would usually  give you  income on doing trades i would not tend to sell it after  all and  i would spoil  it  to get maximum profits. Bots are just guides and  just  doing automated trading and wont really guarantee you to make  profits on the long run.

You are right it will not guarantee for a  verified trade for us and will not make us successful in any trade there occur a lot of tragedies in altcoins which the bots are unable to handle. but in normal situation it may work.

[FLoving]

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

True, if theres a  bot that would usually  give you  income on doing trades i would not tend to sell it after  all and  i would spoil  it  to get maximum profits. Bots are just guides and  just  doing automated trading and wont really guarantee you to make  profits on the long run.

You are right it will not guarantee for a  verified trade for us and will not make us successful in any trade there occur a lot of tragedies in altcoins which the bots are unable to handle. but in normal situation it may work.

it maybe not useful for some people to use bot for trade but there are a number of people who are getting benefited with their bots on their exchange and they do not have to do any hard work for trading on those exchanges and earn some profit.

[BitcoinPC]

Well, i am not using the bot of trading, and i am not saying that i am not doing trading, i do trading, but litter bit, recently, i realize gambling is suitable for me than trading, because last 3 months i could not make profit from it, and trading need time and patience. Now i change my way and i choice gambling instead of trading.  

[Mr.grin]

Well, I did not use to play trading bot, because I think it is very harmful and unpleasant. I better use it alone to play trading, because it can train me to become more intense in analyzing a coin prices, and it will enhance my ability and experience.

[goldcoinminer]

Well, I did not use to play trading bot, because I think it is very harmful and unpleasant. I better use it alone to play trading, because it can train me to become more intense in analyzing a coin prices, and it will enhance my ability and experience.

I cannot use it as well as I am trading with a serious money, by using bot you are like using system and since in trading price is unpredictable your system would not work overtime, so I am trading using my heart and my mind and whatever the outcome I am willing to accept and be happy with it as I know I did my best.

[n691309]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

[dunfida]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

Using  bots are  just  like you are  automating your trades when  you are not around  but  it doesnt  even guarantee you to make   succesful trades with it. There are some  who  would  use it for convenience but  its better for me  to  do it manually.

[DixieCrayon]

I dont want to use bots for the trades becuase i know the price better than the bots does when you trade and the price is dropping that time and there is a faul in the bot you wll
regret that for the rest of your life for sure!!

[Caladonian]

if you know how the movement will go you can take advantage of the bot but if you are still in the learning process much better to keep on eye and manually trade by yourself,.

[MuscleMan]

Which interface you meant?

[katrimans]

iam never use bot in trading
trading use bitcoin and altcoin is not good use bot
is selling bot is accurate i think never selling but self use bot to get maximal profit

Like you mentioned, trading bitcoin/altcoin pairs may not be a good idea but if the altcoin been traded against bitcoin is one of the popular ones that has value like litecoin, ethereum and co, then the use of bot in trading them may be applicable and profitable in few instances and not all the times.

[bitdrafter]

Sometimes using a ping pong bot on the higher volume alt coin days when the spread opens up can be profitable. But I tend to do my trades manually still.

[strikers1945]

No! I didn't did that

[senyorito123]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

Using  bots are  just  like you are  automating your trades when  you are not around  but  it doesnt  even guarantee you to make   succesful trades with it. There are some  who  would  use it for convenience but  its better for me  to  do it manually.

yeah thats why i never try to use it since bots are just an imaginary profiter in my opinion, tradings really need personal interaction so we can earn from it and bots are just an acessory that can be wipe out immediately, although theres people telling that they are earning from it i would not still believe that there earnings are good as those people who join on pump and dump groups,  so the best thing to do trade really is to do it by ourselves and by this thing we can learn more lessons about tradings lapses.

[stadus]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

Using  bots are  just  like you are  automating your trades when  you are not around  but  it doesnt  even guarantee you to make   succesful trades with it. There are some  who  would  use it for convenience but  its better for me  to  do it manually.

yeah thats why i never try to use it since bots are just an imaginary profiter in my opinion, tradings really need personal interaction so we can earn from it and bots are just an acessory that can be wipe out immediately, although theres people telling that they are earning from it i would not still believe that there earnings are good as those people who join on pump and dump groups,  so the best thing to do trade really is to do it by ourselves and by this thing we can learn more lessons about tradings lapses.

I have not used bot in my entire life in trading and I will never used it as I do not hear any good story of success using bot. In dice I have tried once and I realize early that I am just fooling myself since there is a house edge and I cannot win in the long run, so I also think if I cannot be successful in dice when a system was implemented so how much more for the trade that the movement is base on the actual market status.

[densuj]

I never using bot on trading, because i am believe on my analysis and bots of trading is not suitable for me, but if there are bots that can give profit consistently and suitable with my style of trading will use it. For right now it is hard to be found.

[JeffBrad12]

Sometimes using a ping pong bot on the higher volume alt coin days when the spread opens up can be profitable. But I tend to do my trades manually still.

and what about the final definition from the experience in using bot trading? seems like to be a useless too, and i don't ever believe if that is will run for smooth.

[1Referee]

Sometimes using a ping pong bot on the higher volume alt coin days when the spread opens up can be profitable. But I tend to do my trades manually still.

and what about the final definition from the experience in using bot trading? seems like to be a useless too, and i don't ever believe if that is will run for smooth.

The majority of the trades are done through bots, so in that regard I don't know why you think it's useless. Have you ever used one yourself? It of course depends on what kind of algorithm the bot is running at, but in most cases well experienced whale traders have the best devs on their side in order to constantly up the level of their bot when needed. All done so the bot recognizes and is able to anticipate on new patterns, different kinds of behaviours, etc.

[Skaven]

I dont want to use bots when i am trading becuase i know for sure that i am doing many times better than a bot ok not many times faster off course but
bots does not update every second and i can.

[Alauria]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have never used a bot and was never interested in trading bots because you should be a very good developer (if they offer the source code of the bot of course) and understand how the bot works because that bot can lose our funds by pumping or dumping the price of the coin we want to trade

Using  bots are  just  like you are  automating your trades when  you are not around  but  it doesnt  even guarantee you to make   succesful trades with it. There are some  who  would  use it for convenience but  its better for me  to  do it manually.

yeah thats why i never try to use it since bots are just an imaginary profiter in my opinion, tradings really need personal interaction so we can earn from it and bots are just an acessory that can be wipe out immediately, although theres people telling that they are earning from it i would not still believe that there earnings are good as those people who join on pump and dump groups,  so the best thing to do trade really is to do it by ourselves and by this thing we can learn more lessons about tradings lapses.

I never want to use bots for my trades becuase i know for srue that when i am useing bots the price of the bitcoin will not tolerate me to deal with it
soi am trading by muy self without a bot.

[X-ray]

I dont want to use bots when i am trading becuase i know for sure that i am doing many times better than a bot ok not many times faster off course but
bots does not update every second and i can.

the bot actually getting used to automatically sell or buying when it reached the limit prices that was you set up before while you're away from your pc so it's fine to use bot and there's no doubt if you can do better than a bot but human still have limit if it's about time

[talkbitcoin]

why are some people in this topic like this, they are either against bots or for it passionately! you know there is a middle ground?

first step is knowing how to trade then if you know how to use a bot and have access to a good one it is a very good and handy thing to have but if you don't honor the first step then that is why you think bots are stupid.

[arunka71]

I dont want to use bots when i am trading becuase i know for sure that i am doing many times better than a bot ok not many times faster off course but
bots does not update every second and i can.

Ok....you know, that professional bots can fetch a price and place an order in less than 1 microsecond? I know bots, that analyze thousands of markets every second. They may make not smarter decisions than you make, but I'm pretty sure they can make them a lot faster.

[Fatanut]

There's not that much point of using a bot in trading. It cannot fasten up the process. People will buy when they want, and people will sell when they want. Your bot cannot control other people's decision. Running a bot would also require your PC to be open 24/7. If you're not earning that much profit anyways, then you're just wasting your time. Moreover, I think the use of bots is actually not allowed. This one's from YoBit:

Any automation is strictly prohibited. Such accounts will be blocked with all funds!

[icanscript]

I tried to use a bot, im really not that good at trading though.

I would love to get more into it. But I feel lost with trading.

[maydna]

i am not familiar to use bot for trading because in my opinion i can not control what bot wants although i do make setting for the bot, but bot can do something wrong like me, so better to do trading with my self and trying the best i can.

[X-ray]

I tried to use a bot, im really not that good at trading though.

I would love to get more into it. But I feel lost with trading.

bot only help you to make a sell or buy in certain prices and have nothing to do with your chance of earning profit,you're the one who setting up the bot so if there's mistake that drive you to lose then it's definitely your fault,bot only exist to be supporting tools

[Oilacris]

I tried to use a bot, im really not that good at trading though.

I would love to get more into it. But I feel lost with trading.

bot only help you to make a sell or buy in certain prices and have nothing to do with your chance of earning profit,you're the one who setting up the bot so if there's mistake that drive you to lose then it's definitely your fault,bot only exist to be supporting tools

Correct, bots are   just   tools  and  do help you  on  automating your trades  but  doesnt  guarantee that they would  give  succesful trades because as  you mentioned too  you are the  ones  who are setting such commands  to the  bots  and they are  just  doing   on what you  you set there.  Trading  bots are  just helpful  if you could  not   always  see your  trading activity  but  if you  do  have  enough  time  on doing or  checking  your  trading activities then  bots  are  not  necessary at all.

[saiha]

i am not familiar to use bot for trading because in my opinion i can not control what bot wants although i do make setting for the bot, but bot can do something wrong like me, so better to do trading with my self and trying the best i can.

 I don't even know that there is a bot for trading. But if there is real, I don't want to use that and I don't cheat just to get some profit.

Because that will kill the trading industry and if you want to keep on earning in trading you are not going to do such things like using bot for your automated trades.

It is better if you are going to do the usual way.

[Zadicar]

i am not familiar to use bot for trading because in my opinion i can not control what bot wants although i do make setting for the bot, but bot can do something wrong like me, so better to do trading with my self and trying the best i can.

Me too, I don't even know that there is a bot for trading. But if there is real, I don't want to use that and I don't cheat just to get some profit.

Because that will kill the trading industry and if you want to keep on earning in trading you are not going to do such things like using bot for your automated trades.

It is better if you are going to do the usual way.

Trading  bots are  not actually  on cheating   the trading industry  hence other people say here that  bots are  just tools  on making    your trades automated   but  it would  not  guarantee you  to make  successful trades  and i agree with you  its better to trade  in manual way.

[Hilat]

I will never use a bot for my trades because i think that i can do it better thatn the bots you know when i deal withthe bitcoin i know the price every second also when
he is going to change so i never use bots becuase i am fast enough.

[Lesterexon]

I will never use a bot for the trades becuase i know for sure that allot of people will not be happy with it you know and that is not good when you use bots you have to
trust the bot and when you cant you wont be able to use him.

[bitcoinmasterlord]

I tried to use a bot, im really not that good at trading though.

I would love to get more into it. But I feel lost with trading.

If you don't have knowledge, then try to learn basics first before jumping into trading because even with small mistake people can lose a lot of money in trading. Also using bots are a very dangerous thing to do. Just imagine if those bots are full prove then why developer will sell them to others instead he/she can make profit from them right?

[Vikingr]

I do not use any bot for trading as i do not have any fixed asset for trade I often use different coins to buy and sell and for that my activity on trade platforms is much important as I have to decide that which coin is going better and which coin is going as bad.

[Fatamorgana]

i

I tried to use a bot, im really not that good at trading though.

I would love to get more into it. But I feel lost with trading.

If you don't have knowledge, then try to learn basics first before jumping into trading because even with small mistake people can lose a lot of money in trading. Also using bots are a very dangerous thing to do. Just imagine if those bots are full prove then why developer will sell them to others instead he/she can make profit from them right?

The biggest problem for peoples or developer if trying bots is they not have limit with market. Trading is open for all so we can't predict the prices anytime. I think best way for us is never use bots for trading.

[Caladonian]

I tried to use a bot, im really not that good at trading though.

I would love to get more into it. But I feel lost with trading.

If you don't have knowledge, then try to learn basics first before jumping into trading because even with small mistake people can lose a lot of money in trading. Also using bots are a very dangerous thing to do. Just imagine if those bots are full prove then why developer will sell them to others instead he/she can make profit from them right?

good point if the developers knows that what he created can make him rich why he bother selling it, bot are helpful if you know the basic fundamentals
of trading then you can take advantage of it maybe needed to learn more before using it.

[PieCrafted]

Bots are working as per predetermined parameters. So, expecting them to perform well for all type of market conditions is completely meaningless. If we are having some knowledge on setting up those parameters, we will be get chances to make them work according to market conditions but it is not for beginners, only advanced traders could do this.

[Gliassa]

I am never using bots for my trades and that is cause i diont like to use bots when i am trading because bots are not making it better some times they are just making it worse than it already is you know!

[hungryFinest]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

It more interesting if you don't use bots , In trading you will one who see the trading and it more thrill when you're the one who gonna buy and sell the coins as of now i do small trades for altcoins and ico's but if im giving a chance to create bot i probably build one your just making a big mistake making human tobecome more lazier

I will never use bots for trades because i know for sure when i am doing it at my own i will do it better than when i am using a bot bots are easy to use but are they also good to use i dont
think that is true you can  do it better self.

[Maxsumi]

I have never used bot in trading and don't have any kind of experience with boths. But the fact is that I'm not sure how successful would that trading be and there is so much parameters that have to be set if you like to use it and the question is if you can realy contol that bot, how and when to sell or buy. Maybe this is an easy way but somehow I don't have trust in it.

I wont use bots for my trades becuase i think that i can do it many times better than the other ones who are botting and when i am trading i have some other accounts left to see the price at the same time.

[Greenenergy]

So bots are real ? I always thought that it was just a popular phantasm of people wanting to be some kind of whales.

[loobester]

Guys,
may anybody tell me if there's any free bot ?

[el kaka22]

So bots are real ? I always thought that it was just a popular phantasm of people wanting to be some kind of whales.

How bots could become real ? They are some very different programs/instructions to work for you. Usually a trader could not remember all the strategies and pattern recognition of trading charts. So, it would be nice to go for automated programs to predict trading calls for him. This is what bots are doing in trading. Unfortunately, bots are not suitable for different type of market conditions.

[Capradina]

So bots are real ? I always thought that it was just a popular phantasm of people wanting to be some kind of whales.

How bots could become real ? They are some very different programs/instructions to work for you. Usually a trader could not remember all the strategies and pattern recognition of trading charts. So, it would be nice to go for automated programs to predict trading calls for him. This is what bots are doing in trading. Unfortunately, bots are not suitable for different type of market conditions.

I thought it was all very helpful indeed for all traders who are going through an obstacle or to speed up the work. But it all won't give you a pretty good effect when it is too forced to grind the proper thing for us to do it manually. So if the bot is helpful it is for things that are not special (providing funds or make a purchase with a sizable Fund. _

[Zadicar]

Guys,
may anybody tell me if there's any free bot ?

Hi, Trading  bots   are   just  tools actually  just to automate your   trading  activities   but  it doesnt guarantee you    to make   successful trades  though  , so  there  no  point of requesting   a trading  bot,  my suggestion  to you  is  much  better to learn   manual trading first    before you  proceed  on this   trading  bot things because it would  be still useless  because  you cant really comprehend  it   since you dont  have enough  knowledge  on  trading  career.

[Indrawan77]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

[X-ray]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

trading using bot doesn't mean the bot can do by itself and thinking by itself but you still have control and need to set up about what the bot will doing and it's definitely like you're trading manually but just a little bit automatic to minimize the chance of losing an event that could potentially give you profit

[Pursuer]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

you should always go with what you feel is best for you. if you are more comfortable with doing things yourself and can handle everything that way then that is the way to go for you.

bots are good for those who can either program it themselves by writing the code and do a customization. or for those who are willing to buy a powerful and most trusted bot with a long history and possibly higher price.

[serjent05]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

you should always go with what you feel is best for you. if you are more comfortable with doing things yourself and can handle everything that way then that is the way to go for you.

bots are good for those who can either program it themselves by writing the code and do a customization. or for those who are willing to buy a powerful and most trusted bot with a long history and possibly higher price.

There is no better method but monitoring it yourself.  There are some critical decision only human can do and is not appliable with bots.  Sometimes trading price gone nuts and need an immediate decision which is far from capability of bots.   For me bots can only be used when you are not infront of your computer and do the actual strategy you want to implement like buying at x price and selling at y price, then triggering stop loss once the price gone critical.

[carap]

I realized that many traders don't understand the whole concept of trading robots!

For that reason I opened my own thread - https://bitcointalk.org/index.php?topic=1722689.new - explaining some wrong assumptions about automated trading made by beginners.

Please, share your stories related to the use of bots in my thread. Whenever they are successful or the opposite it will be interesting to read those.
Please, don't write in if you don't have any experience in using trading-robots. Only comments from past or current users are welcome!

[veleten]

I dabbled with different bots,some were really profitable..till they stopped working
unfortunately it is not so easy to find a good free  trading bot nowadays
and the paid ones I'm trying to avoid

[Sampey]

If someone of you is interested in a fully configurable bot that works on 18 exchange (20 in the next release) checks here : https://bitcointalk.org/index.php?topic=507103.0
And if you have any doubt you can directly pm me 

[dearbesz1219]

I've never used any bots for trading.. I just do trading only a small time of daily bases.. and I think using bot is not good. as most trading sites don't allow it. if you still use it, it means you are breaking the rules which is illegal and can ban you from the site.

That's right, by doing it your nothing difference for a cheater, that is also cab called as fraud. Aside from breaking the rules, you are not transparent to your community. So I never use that both for trading ever.

[royalfestus]

Well, I did not use to play trading bot, because I think it is very harmful and unpleasant. I better use it alone to play trading, because it can train me to become more intense in analyzing a coin prices, and it will enhance my ability and experience.

I have not seen it before let alone use but wonder the bad impression about it.What is harmful and unpleasant about trading bot? Some people even name it Illegal, which internet law bind it ?

[betlord90]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

This would be difficult, I think. Because using a bot doesn't assures us that it will work good for a long time. Bot can be damage by viruses and some bugs that will come out after some time. Using it in trading is so risky that you may lose all your Trading coins or maybe your bitcoin, don't you think? It would be better if you will do Trading manually for you to be in the safe side, and can be sure that you will not lose any Altcoins or your bitcoin. Also, for you to be sure that you won't face any consequences in the future.

[thebatletbet]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

where youre friend trading support use bot
and where youre friend get bot, is self create bot, or buy software bot trading (how much price), or free software
and about result , how much profit every month use bot trading and constant profit or not

[janggernaut]

I dabbled with different bots,some were really profitable..till they stopped working
unfortunately it is not so easy to find a good free  trading bot nowadays
and the paid ones I'm trying to avoid

why you want to risk your money in free trading bot which could stealing your money? I like prefer to non-free (paid bot) rather than free bots which we don't know it's safe for our money or not. Currently i am little interested with Gun's trading bot (paid bot), it could be one of greatest trading bot in my opinion.

[Superways]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

[X-ray]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

that's not the purpose of trading with bots, manual trading is even easier than using bots so in my opinion that those newbies may prefer to use manual method rather than bots,bots are used to prevent you from missing the opportunity which may come suddenly. if you can't setting your bot, you will lose, which mean only professional can.

[Caladonian]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

that's not the purpose of trading with bots, manual trading is even easier than using bots so in my opinion that those newbies may prefer to use manual method rather than bots,bots are used to prevent you from missing the opportunity which may come suddenly. if you can't setting your bot, you will lose, which mean only professional can.

I agree with that mate we needed to understand first how trading works before we can use the bot. The more we understand how it works the more we able to set our bots in a proper and profitable set up, only pro's really enjoying it since they know how to assess well.

[Text]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

[traderethereum]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

[torry28]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

The only reason i think if trading using a bot is recommended just when we sleep, we can make money even if we are still sleep. Until now i am still do trading by manual, never tried any trading bot too. Still too scared if the bot cointained with virus or anything which can steal our money.

[burner2014]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

The only reason i think if trading using a bot is recommended just when we sleep, we can make money even if we are still sleep. Until now i am still do trading by manual, never tried any trading bot too. Still too scared if the bot cointained with virus or anything which can steal our money.

They said that buying bot costs too much so I never had chance to use it. Hoping to buy one in the future so that trading will not waste my time. I'm gonna have time for my family and not to check the market from time to time. But, for now I am still having my own strategy in trading and wanted to save more money so I can afford to buy bot.

[Zadicar]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

The only reason i think if trading using a bot is recommended just when we sleep, we can make money even if we are still sleep. Until now i am still do trading by manual, never tried any trading bot too. Still too scared if the bot cointained with virus or anything which can steal our money.

They said that buying bot costs too much so I never had chance to use it. Hoping to buy one in the future so that trading will not waste my time. I'm gonna have time for my family and not to check the market from time to time. But, for now I am still having my own strategy in trading and wanted to save more money so I can afford to buy bot.

Trading bots are good specially when you know to set it up and bots arent cost you too much and as far as i know they are affordable.If you  trade on forex there are lots of bots to choose from and if you trade on cryptos theres still bots being sale out there.Goodluck my friend,manual trading is much more better than automated.

[dhampir-D]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

From the reports I see, there are people who can get good results using bots, but they are not all. This depends on the code, it also depends on the trader's ability to set the right parameters. Anyway, I think this would be able to make a profit only for a certain period of time, because the market always changes, and such programs can become obsolete.

[(o)(o)ilikeboobs(o)(o)]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

From the reports I see, there are people who can get good results using bots, but they are not all. This depends on the code, it also depends on the trader's ability to set the right parameters. Anyway, I think this would be able to make a profit only for a certain period of time, because the market always changes, and such programs can become obsolete.

Using bots can restrict your command on the trade and if the market goes reverse then this bot trading will become loss. I only do manual trading and i use to place the order what rate i want to sell and buy so like this my orders get cleared even if i am live or not.

[Zadicar]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

using a bot can help us to trade like pro trader but remember, if we don't have experience or have any knowledge in trading, then its the same like suicide with our money and we can not take control for the bot. but if we want to learn to be pro trader, then i think we don't need to use bot and we can trying step by step to increase our skills in trading.

From the reports I see, there are people who can get good results using bots, but they are not all. This depends on the code, it also depends on the trader's ability to set the right parameters. Anyway, I think this would be able to make a profit only for a certain period of time, because the market always changes, and such programs can become obsolete.

Using bots can restrict your command on the trade and if the market goes reverse then this bot trading will become loss. I only do manual trading and i use to place the order what rate i want to sell and buy so like this my orders get cleared even if i am live or not.

This is the main thing on which bot cant really do because market does really move unpredictably which means if you set it up on a specific setting its either a long or short and market does reverse then decision making should really be need here thats why its better to use manual rather than automatic.

[Vikingr]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

that's not the purpose of trading with bots, manual trading is even easier than using bots so in my opinion that those newbies may prefer to use manual method rather than bots,bots are used to prevent you from missing the opportunity which may come suddenly. if you can't setting your bot, you will lose, which mean only professional can.

yeah you are right in trade you will need to be active the whole day for to trade and to catch any opportunity which no one know that when will come and even some expert cannot give the whole day sitting in front of their computers due to other activities of their life so they in the time when are unable to sit for trade they set the bot.

[Victorycoin]

Is using a bot for trading recommended? I never tried to use it. I wonder if it is a cheat? If it is really applicable, does it worth using for? Honestly, I don't have any idea how it works but I am open and quite interested to know about it.

A bot is only an assistant, it does not serve as a replacement for learning to trade and having a good understanding of what is going on in the market. A bot works best when a trader is quite knowledgeable about what the bot does and how it reacts to changing market conditions. The mistakes many traders, especially newbie run into, is to unwittingly surrender their trading accounts to some bot simply because some other trader happens to be doing well with same bot.
 
Using bot have a lot of advantages, like sitting in the market 24/7 and being able to follow up developments in the market, ability to put check on emotions, which is a difficult task in manual trading, ability to calculate lots of market parameters faster than human trader and so can place trades in split seconds than is possible with a human trader,etc.

[instacalm]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I've never used a bot for trading and I don't intend to, simply for the reason that I don't really feel like or need to participate in day trading. I'm much too busy for that with my regular occupation. What I have at least seen, however, what seemed nothing other than vigorous bot activity on several popular exchanges at times...

[carap]

... people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands.

For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos.
One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit.

Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice.

[Victorycoin]

... people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands.

For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos.
One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit.

Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice.

That was a nice feat from your bot! I like the feature that you can decide the percentage of your fund the bot is allowed to access, because that where problems often arises with bots - they feel or care for nothing. Did you develop the bot yourself and can someone else give it a try?

I always know that a well formulated and structured bot stands better chance of picking profits from the market than manual trading, because a bot stays focused - devoid of emotions and following every developments in the market day in, day out and their speed of spotting and placing traders is far better off.

[X-ray]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I've never used a bot for trading and I don't intend to, simply for the reason that I don't really feel like or need to participate in day trading. I'm much too busy for that with my regular occupation. I have, however, what seemed nothing other than vigorous bot activity on several popular exchanges at times...

there's nothing wrong and it's your decision, evne though bot can help you in day trading and you will not have struggling with the trading if some opportunity suddenly appear, though if you don't have an intention it's better not to. and that's right, bot activity in several popular exchangers are pretty strong, it's because those traders have limited energy to always lurking.

[jossiel]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I've never used a bot for trading and I don't intend to, simply for the reason that I don't really feel like or need to participate in day trading. I'm much too busy for that with my regular occupation. I have, however, what seemed nothing other than vigorous bot activity on several popular exchanges at times...

there's nothing wrong and it's your decision, evne though bot can help you in day trading and you will not have struggling with the trading if some opportunity suddenly appear, though if you don't have an intention it's better not to. and that's right, bot activity in several popular exchangers are pretty strong, it's because those traders have limited energy to always lurking.

Me too I never used bot and I don't have any plans for using it although I know it has some advantage and help for me.

But I really don't want someone or a bot to do something with my trades, I'm not just comfortable with it.

I wanted to manage my trades with my own knowledge and effort so that whenever I got profit, that's going to be sweeter.

[1Referee]

Some strategies like scalping are terribly difficult (super time consuming) to be implemented by hands.

For example, we traded ETH/BTC on Poloniex, we had about 6 btc on deposit, in less then 1 month we made 2317 buy and 471 sell orders! How much time would it take a protein-trader to place 2700 orders? Without any mistakes or typos.
One may say that scalping is not effective (not profitable). Our capital turnover was about 1700ETH, but we made +0.94BTC from 6BTC of initial deposit.

Surely, some of you guys can do a lot better by manual trading, especially if you do some research, follow whale and ride to the moon with some "unexpected" pump! I love doing that as well, but most of the time I'm late for the party. In the mean time I love seeing some micro-profits from automated-trading. Anyway robots are given a maximum of one third of my total deposit - that is my money management practice.

I personally only do manual trading, but that of course doesn't mean it's always more profitable than a bot that is doing its thing. I once had a bot developed to run on various exchanges, but for some reason I couldn't handle the fact that something other than myself is making buying and selling decisions (e.g. risking my money). Have you ever encountered that your bot has been not profitable during various trading sessions? If so, did you let the bot just run in the hope that the losses will be bend into profits, or you directly put a temporary stop for that day?

[carap]

Did you develop the bot yourself and can someone else give it a try?

My team made a bot and constantly working on it. But I'm not authorized to share it or even get more into details on how it functions.
May be, some day in future, one of simplified implementations will be available for rent, but personally I doubt that. It makes us some money, we would like to keep it doing so.

I like the feature that you can decide the percentage of your fund the bot is allowed to access.

Here I may give you a hint - make another separate account only for bot! By doing so you'll be 100% sure your main deposits are safe.

Have you ever encountered that your bot has been not profitable during various trading sessions? If so, did you let the bot just run in the hope that the losses will be bend into profits, or you directly put a temporary stop for that day?

Of course, there is no bot or strategy that always make money! If someone is advertising you a strategy or a bot that never loses, send this person to hell straight away!
What I do during non-profitable periods? I become a long term investor for the active that my bot has bought
It is a traders responsibility to choose an active that shouldn't get to 0 in the long run. It is up for the trader to find the right balance between profitability VS risk. 
There are shitcoins that experience crazy pumps, but it is risky to send a bot to trade them, because once they might be dumped to 0, there will be no strategy or technique that may help to recover losses. I don't stop bot, even if it has bought a lot during the sharp dump, since I expect it to sell with profit on the next pump - patience is the King!

I wrote in more details regarding personal responsibility of the trader and discussed some common wrong assumptions about trading robots in my thread - https://bitcointalk.org/index.php?topic=1722689.new

[puremage111]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

Have no knowledge on making bot, but if i am making one, the primary rules of course is the stop loss function.

Well, in forex or all other currency, you can use trading tools like the EMA, SMA calculations, but in altcoins, i don't think it apply well.

It may apply but it wouldn't work that well with crypto trading, so i guess first, stop loss is a good feature!

[upsidedown75]

Have no knowledge on making bot, but if i am making one, the primary rules of course is the stop loss function.

When you are having a very strong strategy, there will be no need to worry about stop losses to be implemented in your trading bot.

I agree, trading with stop loss is always important and your strategy itself must provide stop loss levels based on same methodology you will be using for targets. I guess, simply implementing a stop loss function not a big deal.

[Rude Boy]

Nope,  i never tried any trading bot and don't have any idea to buy one as I didn't believe in bots! Better I do manual trading.

[icecube45]

Nope,  i never tried any trading bot and don't have any idea to buy one as I didn't believe in bots! Better I do manual trading.

Yes indeed you really better to do manual trading, because the benefits we can learn the trading and will get knowledge, it will make us have a good skill. But the actual bot trading is used for someone who does not have much time to see price fluctuations. Using bot trading is very risky because it is less flexible,so that a trader can not determine when to do open transaction. Thereby traders only followed a system that has run the software. In comparison manual trading and bot trading, manual clearly superior because volatile market conditions.

[electronicash]

i was tempted to use bots, i wonder how much winnings do i get with using it. but i don't have some money to buy bots for trading besides i like trading manually on my own. and i can set price to take profit anyway so its still a good thing for me even without bots.

[Pamadar]

i was tempted to use bots, i wonder how much winnings do i get with using it. but i don't have some money to buy bots for trading besides i like trading manually on my own. and i can set price to take profit anyway so its still a good thing for me even without bots.

that's how tempting buying a bot mate because of curiosity if how that particular thing works with our daily trading but i think its still better to learn more doing the manual trade before using bot since we really needed what settings are best for us to gain profits.

[DarkIT]

no, I do it himself. but until now, it is very difficult to make a profit that much of a gamble. but, I'll keep practicing, and keep trying until I can find a way to earn a lot of trading. I think, use the bot will just be a great loss to those who use it. believing in yourself is the best thing.

[Bitcoinsummoner]

I never use bot unless if there is a legit bot software for trading but never seen someone are giving that bot except for saujie bots in gambling..
The good part it can manage your trading well to setting it without visiting always exchange sites..
But for me i just using the margin and setting it up there is not a problem visiting it daily.. much be careful for random bot their most of them are has backdoor or virus that can drain your wallet fast..

[fikihafana]

i never use bot to trading altcoin. I would glad if someone can share bot to trade altcoin

[rizkyhiw]

i was tempted to use bots, i wonder how much winnings do i get with using it. but i don't have some money to buy bots for trading besides i like trading manually on my own. and i can set price to take profit anyway so its still a good thing for me even without bots.

that's how tempting buying a bot mate because of curiosity if how that particular thing works with our daily trading but i think its still better to learn more doing the manual trade before using bot since we really needed what settings are best for us to gain profits.

Anyways using bot to trade doesn't mean you will learn nothing
You can learn even more when you used bot, it's just the matter on the way people trading
I have bad experience too using bot to trade almost got lost the entire balance
But well it was my own fault to not set the bot properly.

[pokerplayer]

I do not know any bot with which we can trade if somebody can contact me if he found any bot which really works and also i need proofs for that they i can buy it and start serious job by trading.

[Dudeperfect]

I have not used any bot so far because of the two reasons. The first one is the cost of good bot is comparatively high (as compared with my average trading volume of the quarter) so as of now I don't think it would be a good deal to go with a bot. Alternatively, I am still learning trading so I don't think it's appropriate to appoint any bot for it.

[dearbesz1219]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

Using bot for trading, for me its not a good idea I think. Its look like cheating to any one, that is not good a method, especially in trading platform, or in twitter, etc. If I were you don't you even think about of how to use it dude.

[carap]

Its look like cheating to any one

What a BS!
It is a trading game (war), there are whales, insiders, ICOs, pseudo-hackers... - all sorts of real cheating!

Those who say that using bots is like cheating have absolutely no idea of what the bot is and how it functions!
In that sense, trading with some strategy is cheating as well.

[mace15]

I think its not allowed using bots in any trading site, its like illegal if you use this one. I do trading when I have time. Checking the dump scheme on certain altcoins. I always do manual trading.

[arunka71]

carap: what language do you use for bot coding?

[carap]

carap: what language do you use for bot coding?

We primarily use Delphi, MatLab, PHP (since we have a great experience with these technologies).

However, IMO language itself is not important, the same could be created on Java, C or Python. 

[arunka71]

Mainly Java here.

[carap]

Yeah I know, but I personally hate Java and Net 
My team is made of old school coders

But I repeat, it is just a matter of taste (religion). A wonderful, profitable robot can be implemented on anything. It is only a strategy that matters.

[wavespump]

Long time ago I downloaded a Python bot from Github, but I found it is difficult to configurate that bot. So I had to give it up. I always use my hand trading, which is more smart and accurate judgement by my smart brain, but slower than bot trading. I adapt trading without bot.

[aardvark15]

I've never used a bot, but I can see the benefit to doing so. The problem for me is that an error by a bot or a mistake in setting up the parameters could cost you a lot of money (wasn't the MtGox issue caused by a bot?). Someone that has used one may be able to tell us how easy it is to set up and if there is a chance for mistakes.

[dhampir-D]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

I think using this method may be profitable for some time, but I've seen reports that over time, earnings decrease because the market does not follow the same pattern for a long time. Prices are always changing, and this will depend on different events, which bots are not able to identify and analyze to make the right decision.

[electronicash]

My friends always use bot for trading, he said that it it easier to control and easier to make the trade, but i myself never use any bot, i feel more satisfied by trading myself and i feel i can learn more things by doing trading myself

You may saw a number of people after involving in crypto currency start trading thinking that it is an easy way to earn money even the do not have any knowledge about trade. So only these people often depend on bots for trade because for them because they are unable to do trade manually and they find working with bot easier while professional know well about how to trade so they do not depend on these bots for to start the trade.

I think using this method may be profitable for some time, but I've seen reports that over time, earnings decrease because the market does not follow the same pattern for a long time. Prices are always changing, and this will depend on different events, which bots are not able to identify and analyze to make the right decision.

which bot are you using? kinda interested to know which bot works for you.
i saw an ad about gunbot, i'm not sure whether its for real that they could actually use it to earn big in crypto but who knows.  if anyone can give us a type of bot they use and which exchange it can be use?

[Victorycoin]

Long time ago I downloaded a Python bot from Github, but I found it is difficult to configurate that bot. So I had to give it up. I always use my hand trading, which is more smart and accurate judgement by my smart brain, but slower than bot trading. I adapt trading without bot.

It is not advisable to use generic bots or even a paid one you do not understand its algorithm or mode of operation, because not understanding it is usually the grand recipe for the bot disappointing a trader. If possible one should build their own bots or make concerted effort to understand the working procedures of one before surrendering one's hard earned coins to them.

[BrewMaster]

Long time ago I downloaded a Python bot from Github, but I found it is difficult to configurate that bot. So I had to give it up. I always use my hand trading, which is more smart and accurate judgement by my smart brain, but slower than bot trading. I adapt trading without bot.

a bot on github means it was open source, and in my experience the open source bots are not that good to begin with, mostly because those that i checked a while back that i was searching for bots were all bad with minimal features.

and besides these bots are good if you know the programming language yourself and want to start your own bot, you can start these to have some starting ground.

[deisik]

I think its not allowed using bots in any trading site, its like illegal if you use this one.

LOL 

How many bots did you write yourself?

I guess none, since otherwise you would know that many exchanges are not allowing above certain number of authenticated connections per second (or per minute). And this is not with just Bitcoin exchanges, many other "real life" exchanges are doing basically the same, i.e. limiting or heavily constraining the possibility of using, for example, HFT bots (whether they are good or evil is another question). Moreover, most api's that I've seen are synchronous. The latter basically means that you can't send an authenticated request until your previous one gets processed

[Sampey]

I think its not allowed using bots in any trading site, its like illegal if you use this one.

LOL 

How many bots did you write yourself?

I guess none, since otherwise you would know that many exchanges are not allowing above certain number of authenticated connections per second (or per minute). And this is not with just Bitcoin exchanges, many other "real life" exchanges are doing basically the same, i.e. limiting or heavily constraining the possibility if using, for example, HFT bots (whether they are good or evil is another question). Moreover, most api's that I've seen are synchronous. the latter basically means that you can't send an authenticated request until your previous one gets processed

You guess wrong, very wrong 
This is my Bot : https://bitcointalk.org/index.php?topic=507103.0
A well known bot of course.

exchanges are not allowing above certain number of authenticated connections per second (or per minute)

True, but we are talking about 1 call/second or much more.
Limits are clearly written in API Reference on any exchange.
That doesn't means exchanges doesn't allows bot, they only wants to avoid too much calls that will results in a similar DDOS Attack.

Moreover, most api's that I've seen are synchronous. the latter basically means that you can't send an authenticated request until your previous one gets processed

Any REST Api is synchronous. There's no problems about that, you ask an something -> you get something. If the API is Private you simply need to add info to the Http Call (usually a sha calculation over parameters using your API Key)

I'm selling my Bot since 2013, currently it works on 18 Exchanges, 20 in the next release, and i've NEVER and i repeat NEVER found 1 Exchanges that tells me "We don't want bot"
Bot means VOLUMES.
Volumes means FEES.
And Exchanges admins are very happy with that.
Sometimes they directly pay me to have my BOT Interfaced with them 

[distant]

I developed an automatic trading bot.  See this thread for more information.

https://bitcointalk.org/index.php?topic=1776722.0

[deisik]

I think its not allowed using bots in any trading site, its like illegal if you use this one.

LOL 

How many bots did you write yourself?

I guess none, since otherwise you would know that many exchanges are not allowing above certain number of authenticated connections per second (or per minute). And this is not with just Bitcoin exchanges, many other "real life" exchanges are doing basically the same, i.e. limiting or heavily constraining the possibility if using, for example, HFT bots (whether they are good or evil is another question). Moreover, most api's that I've seen are synchronous. the latter basically means that you can't send an authenticated request until your previous one gets processed

You guess wrong, very wrong 

Okay, I stand corrected

Limits are clearly written in API Reference on any exchange.
That doesn't means exchanges doesn't allows bot, they only wants to avoid too much calls that will results in a similar DDOS Attack

Not necessarily. And you should know that better (if you have really written thus many bots)

Moreover, most api's that I've seen are synchronous. the latter basically means that you can't send an authenticated request until your previous one gets processed

Any REST Api is synchronous. There's no problems about that, you ask an something -> you get something. If the API is Private you simply need to add info to the Http Call (usually a sha calculation over parameters using your API Key)

Oh, really? I think you are certainly (and heavily) confusing something at this point

But let's get more specific here and try to run a reality check (if you don't mind, of course). Since you've written 18 trading bots (and 20 are still in the making), you should be pretty familiar with, for example, Bter API. Before it got hacked in February, 2015, it had been one of the top altcoin exchanges. So what are going to tell about it? What is its specificity (or peculiarity)? It is the same REST API which, as you claim, is always synchronous (which is a big time exaggeration)

[Sampey]

Not necessarily. And you should know it better (if you have really written thus many bots)

COnsidering the fact that i have a directly mailing approach with exchanges dev i have no problem to ask limits (that are not only limit over API Call but also over decimal places and similar).
Not write API limits is usually forgetfulness and nothing more :

For example i take 4 exchanges i interfaced :
https://poloniex.com/support/api/ Limit is written and is 6 Call/SEconds
https://www.kraken.com/help/api As you can see in bold "API call rate limit"
https://www.okcoin.com/rest_faq.html
https://api.vaultoro.com/

There are also exchanges without any limit.

Oh, really? I think you are certainly (and heavily) confusing something at this point

Yeah, tell me more about Asynchronous bots  

But let's get more specific here and try to run a reality check (if you don't mind, of course). Since you've written 18 trading bots (and 20 are still in the making), you should be pretty familiar with, for example, Bter API. So what are going to tell about it? What is its specificity? It is the same REST API which, as you claim, is always synchronous

Well i've written 18 and 2 will be added to the next release, for a total of 20.
And yes, i've interfaced Bter.
https://bter.com/api
And they are REST synchronous, obviously. It was one of the first exchanges in interface.


Tell me everything you need. I can teach you a lot about bot world and API interfaces  

[electronicash]

You guess wrong, very wrong 
This is my Bot : https://bitcointalk.org/index.php?topic=507103.0
A well known bot of course.

nice. i saw this past months but never really got into it. if i just want to buy an api for polo, that means all i'm just going to pay is 0.15 btc?
can you tell us the success rate of the API?  

has someone already request an api for liqui? there are coins that are only listed there such as GNT which i'm particularly interested.

[Sampey]

You guess wrong, very wrong 
This is my Bot : https://bitcointalk.org/index.php?topic=507103.0
A well known bot of course.

nice. i saw this past months but never really got into it. if i just want to buy an api for polo, that means all i'm just going to pay is 0.15 btc?
can you tell us the success rate of the API?  

has someone already request an api for liqui? there are coins that are only listed there such as GNT which i'm particularly interested.

Yeah, how do you know that 
https://twitter.com/Liqui_Exchange/status/823307073916116993

[deisik]

Well i've written 18 and 2 will be added to the next release, for a total of 20.
And yes, i've interfaced Bter.
https://bter.com/api
And they are REST synchronous, obviously. It was one of the first exchanges in interface

Tell me everything you need. I can teach you a lot about bot worlds and API interfaces 

You must be kidding mate

You don't need to teach me anything since I know what I say from first-hand experience (a big wink here). And I'm very very doubtful now about your true knowledge and understanding since Bter authenticated calls are truly asynchronous unlike any other exchange api that I've seen. You don't need to prove me anything since I've been there myself and seen that with my own eyes, from inside, so to speak. Other than that, I can't possibly see how REST should necessarily be synchronous (unless you mean something very different from what I said earlier about synchronous/asynchronous api's)

[Sampey]

Well i've written 18 and 2 will be added to the next release, for a total of 20.
And yes, i've interfaced Bter.
https://bter.com/api
And they are REST synchronous, obviously. It was one of the first exchanges in interface

Tell me everything you need. I can teach you a lot about bot worlds and API interfaces  

You must be kidding mate

You don't need to teach me anything since I know what I say from first-hand experience (a big wink here). And I'm very very doubtful now about your true knowledge and understanding since Bter authenticated calls are truly asynchronous unlike any other exchange api that I've seen. You don't need to prove me anything since I've been there myself and seen that with my own eyes. Other than that, I can't possibly see how REST should necessarily be synchronous (unless you mean something very different from what I said earlier about synchronous/asynchronous api's)

Man, all REST Api Are synchronous , on ANY EXchange, and of course this Bter Private CALL is Sync

Code:

Place order API

API URL: https://bter.com/api/1/private/placeorder

Parameter submission method: POST

Do you know the difference between sync and asynch?
A Bot must ASK and Manage Request <-> Response. From The Http Call (Request) and The API Result (Result) there's a waiting time. It's synch.
Don't troll me please  

[deisik]

You must be kidding mate

You don't need to teach me anything since I know what I say from first-hand experience (a big wink here). And I'm very very doubtful now about your true knowledge and understanding since Bter authenticated calls are truly asynchronous unlike any other exchange api that I've seen. You don't need to prove me anything since I've been there myself and seen that with my own eyes. Other than that, I can't possibly see how REST should necessarily be synchronous (unless you mean something very different from what I said earlier about synchronous/asynchronous api's)

Man, all REST Api Are synchronous , on ANY EXchange, and of course this Bter Private CALL is Sync

Code:

Place order API

API URL: https://bter.com/api/1/private/placeorder

Parameter submission method: POST

Do you know the difference between sync and asynch?
A Bot must ASK and Manage Request <-> Response. From The Http Call (Request) and The API Result (Result) there's a waiting time. It's synch.
Don't troll me please 

Why do you show me quotes from Bter api guide? I've been trading there myself using their api and know how it works. Just accept it as a fact of life. Wtf, now you only confirm that you either didn't really try their api or just thinking things up. You can send authenticated requests to this exchange without waiting for a reply and you get all requests processed with no errors (and likely not in the order you sent them). The same will result in an error condition on other exchanges. Just REALLY try that and see for yourself

And now tell me how REST is necessarily synchronous

[Sampey]

Why do you show me quotes from Bter api guide? I've been trading there myself using their api and know how it works. In fact, now you only confirm that either didn't really try their api or just thinking things up. You can send authenticated requests to this exchange without waiting for a reply and you get all requests processed. The same will result in an error condition on other exchanges. Just REALLY try that and see for yourself

And now tell me how REST is necessarily synchronous

Man.....i'm Selling BTER API ok?
I've customers that trade on BTER. I really don't understand how you're not able to verify i'm a long time legit developer with big experience in api interfaces.
What do you need to check?
Official topic is not enough? https://bitcointalk.org/index.php?topic=507103.0
My Feedbacks Are not Enough?
My 200+ Positive Feedbacks are not Enough? https://bitcointalk.org/index.php?action=trust;u=130152
Or official exchange annocements :
https://blog.cex.io/news/cex-io-bitcoin-integrates-bot-15179
https://medium.com/the-rock-trading/c-a-t-now-available-for-trts-customers-f54139744f48#.o03cq2kxj
https://www.facebook.com/ccexcom/posts/1713206285561221

Or i need to tell you the exchanges admin who directly works with me? Starting from Tristan From Poloniex when Poloniex was a 50BTC/volume day exchange.....

I need to continue?

Now the question is for you :

If you make a asynch call to CREATE ORDER how did you get back the ORDER ID? That is the result of a successful CREATE ORDER Call?
Tell me the way you make a Bot using async call 
If you find a method it's good for you, but you probably add complexity to your software.

I've never used an async call, because i need to wait for any response, obviously, if i'm asking for something i need the result to continue, so i need to wait, so we are talking about sync call.

[deisik]

~snipped~

I need to continue?

I don't care about anything you just said

You may tell it to someone else but please don't tell me, this has absolutely no effect on me. After all, this is not a pissing contest. I've been in the business for more than 25 years (really), but I'm not going to talk about that since if I (or you) tell bullshit, this will remain bullshit, no matter what. I think you were just using some standard routine and didn't actually try to work with this exchange in an asynchronous mode. Asynchronous mode means that you don't need to wait for a result after sending an authenticated request, i.e. you can send requests and process the results asynchronously as they come in, in different threads without synchronizing the threads

I've never used an async call, because i need to wait for any response, obviously, if i'm asking for something i need the result to continue, so i need to wait, so we are talking about sync call

Now tell me more mate. You said something about REST being synchronous if I remember correctly, right?

[Sampey]

~snipped~

I need to continue?

I don't care about anything you just said

You may tell it someone else but please don't tell me, this has absolutely no effect on me. After all, this is not a pissing contest. I've been in the business for more than 25 years (really), but I'm not going to talk about that since if you tell bullshit, this will remain bullshit, no matter what. I think you were just using some standard routine and did actually try to work with this exchange in an asynchronous mode. Asynchronous mode means that you don't need to wait for a result after sending an authenticated request, i.e. you can send requests and process the results asynchronously, in different threads without synchronizing the threads

This is asynch on YOUR CLIENT SIDE because you launch the API Call inside a Thread.
But it's not asynch at HTTP CALL Library level.

Of course i can do this
CLIENT Main Program <-> CLIENT Thread with Api Call -> REST SYNC POST (Wait For Response)
Main program will have control again after the thread launch.
But this workflow Thread with Api Call -> REST SYNC POST still remain Synch.

Please stop trolling man, that doesn't works with me. 

[Sampey]

Now tell me more mate. You said something about REST being synchronous if I remember correctly, right?

I confirm (and any programmer that had interfaced any API exchange could confirm) that Any Api Call is Synch.
The way you manage the API Call inside your Client it's up to you, but the HTTP CALL from your Client to API System in a REST environment is Sync.
I need to repeate once more or you have understand?  

[Sampey]

I've been in the business for more than 25 years (really)

I Can imagine 

[deisik]

~snipped~

I need to continue?

I don't care about anything you just said

You may tell it someone else but please don't tell me, this has absolutely no effect on me. After all, this is not a pissing contest. I've been in the business for more than 25 years (really), but I'm not going to talk about that since if you tell bullshit, this will remain bullshit, no matter what. I think you were just using some standard routine and did actually try to work with this exchange in an asynchronous mode. Asynchronous mode means that you don't need to wait for a result after sending an authenticated request, i.e. you can send requests and process the results asynchronously, in different threads without synchronizing the threads

This is asynch on YOUR CLIENT SIDE because you launch the API Call inside a Thread.
But it's not asynch at HTTP CALL Library level

You don't get it mate, absolutely

There is no HTTP CALL Library (like libc, for example). There is only a standard (and I'm not sure if it is a real standard like RFC, or ANSI C standard, or something like that). It just vaguely describes how data should be represented but it doesn't tell anything how requests should be processed either on the server or client side. It can be processed in any way possible (read either synchronously or asynchronously). There is no requirement for it being processed necessarily synchronously (which is what you seem to erroneously assume). As I already told you, if you send two authenticated requests to this exchange, your last request (by timestamp) can get actually processed first. This doesn't work with other exchanges but it works with Bter. Instead of arguing, you'd better really try it out yourself. If YOU send them synchronously (i.e. waiting for reply before sending next request) that doesn't mean that you can't send them asynchronously

[Bitcoinsummoner]

carap: what language do you use for bot coding?

We primarily use Delphi, MatLab, PHP (since we have a great experience with these technologies).

However, IMO language itself is not important, the same could be created on Java, C or Python. 

Do you done in this project or this bot.. can you share it with us or pm me the bot to download also the resources or github.
For basic understanding i want to find a bot the works and more features.. setup.
Everything in trading is in your strategy but we can easily earn more if we use bot..

[audaciousbeing]

Even the manual trading I am yet to master it not to talk of taking it professional by now using a bot. I don't even understand how the not will even work and another discouraging factor is the issue that it does not guarantee that profit will be made or losses will not be made so I just stick to taking a decision I can completely take responsibility for its outcome.

[Sampey]

Well i really start thinking that it's not possible to talk with you :

HTTP LIBRARY is a CLIENT environment library to perform HTTP CALL. OK? A Library on CLIENT SIDE that will makes you perform HTTP CALLS using REST API

I use java, so for example :
this is a HTTP Library : http://hc.apache.org/httpclient-3.x/
this is another java http library https://docs.oracle.com/javase/7/docs/api/java/net/package-summary.html

Ok?
This is a code example :

And here you can find some java code example if you wants to learn something useful

https://www.mkyong.com/java/how-to-send-http-request-getpost-in-java/

As I already told you, if you send two authenticated requests to this exchange, your last request (by timestamp) can be be processed first. This doesn't work with other exchange but it works with Bter. Instead of arguing, you'd better really try it out

This has nothing to do with async or sync call.
I Can create 10 sync call that starts at the same exact moment.

There's only 1 problem : you must set a NONCE.
Do you know what is a NONCE, i'm sure yes, you're an expert 

NONCE is created to discard eventually http call with a nonce lower than the last use.

So in your example if i send First CALL 1 And Then CALL 2 BUT for any reason CALL 2 arrives to API System before CALL 1, then CALL 1 will be discarded.
If bter doesn't do that (Standing at what you said) there are 2 reason :
1 - It's bad written
2 - You're not using the BTER REST Api system
May exchanges offers different API System

OkCoin for example offers 3 API System
https://www.okcoin.com/about/rest_api.do

Well the next will be my last post.
Choose the last things to say, i will make only 1 last reply, i'm not here to loose time, and i'm not here to make me troll without any specific reason.

[wilson76]

the way you manage the API Call inside your Client it's up to you, but the HTTP CALL from your Client to API System in a REST environment is Sync.

A RESTful endpoint can be either synchronous or asynchronous.
As the C.A.T. bot is implemented in Java, you might have a look into JAX-RS 2 specification.

The limitation to send more than one request at a time, is at most exchanges the "nonce".

Edit:
@Sampey: Here is one explaining async REST Services implemented in Java:
https://dzone.com/articles/jax-rs-20-asynchronous-server-and-client

But the whole discussion is a little bit cherry-picking into details....

[Sampey]

the way you manage the API Call inside your Client it's up to you, but the HTTP CALL from your Client to API System in a REST environment is Sync.

A RESTful endpoint can be either synchronous or asynchronous.
As the C.A.T. bot is implemented in Java, you might have a look into JAX-RS 2 specification.

Yes of course, never Said that you can't perform an async call. BUT when you need the result to continue your computation you must perform a Sync call.
For example, my bot is 100% sync, but i'm pretty sure 99% of Bots are sync

About JAX-RS 2 i just use JAVA.NET i don't need nothing more to make POST/GET REST CALL. 

[deisik]

Well i really start thinking that it's not possible to talk with you

~snipped~

Mate, let's forget about Bter (after it got hacked it is no longer relevant, anyway)

I'm not really interested in continuing this discussion about Bter (it was only a sort of reality check). As I said, this is not a pissing contest, so I basically don't give a fuck since what I wanted to find out I found out. What I'm really interested in at the moment is your claim that the REST services should necessarily be synchronous. In fact, I don't really see how the idea of either synchronous or asynchronous requests, or, in a more broad sense, such api's has anything to do with that, but I think it won't take much of your precious time to expand more on this. For example, you could reveal some RFC (or other binding standard) defining exactly that, namely, how REST compliant api's are required to be synchronous, since this is what you are essentially claiming

[Sampey]

@Sampey: Here is one explaining async REST Services implemented in Java:
https://dzone.com/articles/jax-rs-20-asynchronous-server-and-client

YEah i know about that, and i've also develop async call, but not in Bot environment.
I create async call with dedicated thread to wait result and send it back to the main sistem, or async call where next computation part is demanded to another thread on another system and client doesn't know nothing about result.

BUT, i'm pretty sure you can agree with me that if you write a Trading BOT, you will use REST API Sync CALL.  

[wilson76]

BUT, i'm pretty sure you can agree with me that if you write a Trading BOT, you will use REST API Sync CALL.  

No, definitely not... I hate blocking threads and waiting 2 seconds for a response from the exchange ...
sure, I need the result of my request at some point, but not in a sync 

[Sampey]

the REST services should necessarily be synchronous

Never say that. I'm talking about a BOT Context. Not about the world of the REST api Call.
If you read my previous reply i develop by myself in async context.
BUT if we talk about BOT, async response is not useful, i need to get data, i can't continue my work without getting the resul :

Just an example

- If i want to delete an order i must wait for the OK response, because if response is KO i need to find for the trade that fills the order
- I want to have best market prices, i need to call MarketOrders and then get the 2 TOP elements
- I want to create an orders, i need to wait for return code OK and read market ID

Any Calls my bot use need the response.

BUT if you wants to use the MARKET EXPLORER function (that ONLY loads order/trades/myOrder/Mytrader) after you press the LOAD Button, then a dedicated thread will start to popolate the table while you can change screen and continue your work.
This is async BUT, not at API level, because i will perform 4 Sync Call to collect data and then i will show results in 4 tables. So workflow is

UPDATE BUTTON PRESS -> ASYNC THREAD -> 4 SYNC API CALL -> POPULATE  TABLES with REsponses.

[Sampey]

BUT, i'm pretty sure you can agree with me that if you write a Trading BOT, you will use REST API Sync CALL.  

No, definitely not... I hate blocking threads and waiting 2 seconds for a response from the exchange ...
sure, I need the result of my request at some point, but not in a sync 

So you create order without get the OrderID, or you cancel orders without wait for return code.
What kind of bot did you deploy? 

[wilson76]

BUT, i'm pretty sure you can agree with me that if you write a Trading BOT, you will use REST API Sync CALL.  

No, definitely not... I hate blocking threads and waiting 2 seconds for a response from the exchange ...
sure, I need the result of my request at some point, but not in a sync  

So you create order without get the OrderID, or you cancel orders without wait for return code.
What kind of bot did you deploy?  

the way I do it: Sending a request to the exchange and async subscribing to the response.
You might read about reactive programming... or event driven architecture, or or or or as you are in an java environment, keywords are:
vert.x, akka, RXJava just to name some frameworks...

The only thing "deisik" wanted to clarify, is that RESTful endpoints are not synchronous by definition, as you said in one of your posts. You are using
them in a synchronous way, and thats okay. no problem with that.

[Sampey]

the way I do it: Sending a request to the exchange and async subscribing to the response.

BUT this is sync, your subscribing class use a sync call.
Is the way you perform the call from Main System -> Subscriber that will have async result.
Your subscriber -> API is sync. It seems async for you because the Main program could continue works.
But if we are talking about that, my system if completedly Async 
My focus was only on HTTP CALL -> API System interface.

Question : if you delegate the response management to a subscribe what your programs will do while is waiting for the response?
Is your bot somewhere on this board? Can i take a look?

[Sampey]

The only thing "deisik" wanted to clarify, is that RESTful endpoints are not synchronous by definition, as you said in one of your posts. You are using
them in a synchronous way, and thats okay. no problem with that.

Well deisik tells a little more than this 

Of course Rest by definition could be sync or async. all my comments are about Bot Api Integration.
You can perform tasks in many way, but good programming practise makes you decide about what to use.
And when you need to get the result to continue your work sync is the obvious way.
I Can also create a thread and monitorize it while it's running (performing the aPI call), but it doesn't make sense.

I have a lot of thread in my bot, but they NEED to exists.

[deisik]

The only thing "deisik" wanted to clarify, is that RESTful endpoints are not synchronous by definition, as you said in one of your posts. You are using them in a synchronous way, and thats okay. no problem with that

Well, this is not exactly so, but that's not my point

Synchronous (and asynchronous) here doesn't mean that you have (or don't have) to wait for a reply being stuck in a loop. Synchronous essentially means that you have to wait for a reply before you can send an authenticated (mind that) request again (this apparently has nothing to do with any client libraries whatsoever). In other words, you have to synchronize your requests with exchange replies. If trading api is synchronous as is the case with most exchanges out there, you can't send a new request without having received the reply from the exchange (i.e. without your previous authenticated request having been processed by the exchange). If you just send a new request, no matter what, you will get an error. If some dude is claiming that he has deep understanding of real exchanges' api's (note that I don't mention any bots here and neither did I say a word about them before in this respect since I'm talking exclusively about api's obviously), he can't possibly not know about this as well as not know that a certain exchange (in this case, Bter) allows asynchronous requests if he claims that he knows the api of that exchange ("all REST Api Are synchronous , on ANY EXchange"). That's basically the point I was trying to make

[wilson76]

hmmm.... you may be mixing things up. But I dunno want to start a new discussion.
People might have different definitions of sync, async, threads, callbacks ,etc.

The point is,  that some steps in order execution must be done in a sequence, and other steps could be
done asynchron and parallel. It's all about optimization. (order execution is a sub-optimal example)

Most API's do have a roundtrip of about 500ms to 1s or even more.  e.g. If you now want to check e.g. market summaries of 150 altcoins hat polo,
you can do this in a loop and your done in about max 150s. Or you can fire 150 requests in parallel with some kind of client side rate limiting to not
exceed 6 req/sec. (no im not doing it in that way just an example)  and subscribe to the results. The rate limiter is aware of backpreassure
so, between firing the request and the response might be a long time. you won't block any thread. but in the total you have all the results in a
much shorter time.

And your are totally right with "good programming practise makes you decide about what to use". agree to that.

To answer your question what my program is doing: Crunching and analyzing a shit load of data

[wilson76]

In other words, you have to synchronize your requests with exchange replies. If trading api is synchronous as is the case with most exchanges out there, you can't send a new request without having received the reply from the exchange (i.e. without your previous authenticated request having been processed by the exchange). If you just send a new request, no matter what, you will get an error. If some dude is claiming that he has deep understanding of real exchanges' api's (note that I don't mention any bots here and neither did I say a word about them before in this respect since I'm talking exclusively about api's obviously), he can't possibly not know about this as well as not know that a certain exchange (in this case, Bter) allows asynchronous requests if he claims that he knows the api of that exchange. That's basically the point I was trying to make

I think there was a lot of misunderstanding in the last couple of posts from both sides

The same point I didn't get: How do you know, if bter is internally working async or sync. This is not visible to a client. And  I don't care how they work internaly, as long as they are
fast and reliable. You already said it... If bter accepts a request with a higher nonce before a lower nonce . something ist not working as it should in my opinion.

@deisik but it is an interesting way, to work with the bter private  API. thanks for the hint. besides that, nearly every exchange has some undocumented stuff hidden in their API.

[deisik]

In other words, you have to synchronize your requests with exchange replies. If trading api is synchronous as is the case with most exchanges out there, you can't send a new request without having received the reply from the exchange (i.e. without your previous authenticated request having been processed by the exchange). If you just send a new request, no matter what, you will get an error. If some dude is claiming that he has deep understanding of real exchanges' api's (note that I don't mention any bots here and neither did I say a word about them before in this respect since I'm talking exclusively about api's obviously), he can't possibly not know about this as well as not know that a certain exchange (in this case, Bter) allows asynchronous requests if he claims that he knows the api of that exchange. That's basically the point I was trying to make

I think there was a lot of misunderstanding in the last couple of posts from both sides

The same point I didn't get: How do you know, if bter is internally working async or sync. This is not visible to a client. And  I don't care how they work internaly, as long as they are fast and reliable. You already said it... If bter accepts a request with a higher nonce before a lower nonce . something ist not working as it should in my opinion

This is called an asynchronous mode of operation

There is no problem with that since no one forces you to use this mode. If you need to wait for a reply, you just wait for it, and that's pretty much all there's to it. I don't know how it is done in Java (since I'm mostly developing on C++) but you can tell which reply refers to which request, so there is no problem either if you want to use api asynchronously. For example, you can send a new order request and at the same time, without waiting for a reply to this request, send a few other requests cancelling a bunch of other orders. For example, with Bitfinex api you can easily cancel a few orders with just one request, if I remember correctly (I don't use this exchange for over a year already), but at other exchanges (e.g. at Exmo) you have to cancel each order individually and wait till your cancellation request gets executed. Otherwise, you will receive an error if you just send a bunch of authenticated requests simultaneously

[Sampey]

The same point I didn't get: How did he know, if bter is internally working async or sync. This is not visible to a client. And  I don't care how they work internaly, as long as they are
fast and reliable. You already said it... If bter accepts a request with a higher nonce before a lower nonce . something ist not working as it should in my opinion.

No Misunderstanding from my point of view. Because i'm not talking about internal exchange code or internal client code. I'm talking about (since the beginning) of CLIENT CALL HTTP <-> APISYSTEM.
CLIENT CALL HTTP = A Class inside your Client, that will send the Data over the net using http/tcpip protocol.

The async call you are talking about are async not at HTTP Level but at Application Level.
There's nothing to misunderstand. In all the examples you wrote, CALLS Are sync.

You can have

CLIENT <- ASYNC -> DELEGATE HTTP CALL <- SYNCH -> API SYSTEM <- ASYNC -> INTERNAL API ROUTINE

The red part will be always sync.

Do you know how to make this call DELEGATE HTTP CALL <- SYNCH -> API SYSTEM <- ASYNC async?
You need to open a service on your machine and let the Exchange reply on that service. But it doesn't works this way, so to get data from exchange you must use HTTP REST SYNC CALL.

It means CLIENT -> HTTP CALL -> ASYNC -> API SYSTEM -> RESPONSE ON CLIENT ADDRESS:PORT SERVICE

This is async.
When you'll find a system that works this way, we will talk about async call.  

It's very funny we are technicall talks about sync/async call in a topic called Do you use a bot for trading?  

[Sampey]

For example, you can send a new order request and at the same time, without waiting for a reply to this request

Yeah this is multithreading.
You didn't explain me how did you get the response result from the server. I'm interested in.
Then i will use your response to demostrate you that HTTP <-> API will remain sync 

[wilson76]

In other words, you have to synchronize your requests with exchange replies. If trading api is synchronous as is the case with most exchanges out there, you can't send a new request without having received the reply from the exchange (i.e. without your previous authenticated request having been processed by the exchange). If you just send a new request, no matter what, you will get an error. If some dude is claiming that he has deep understanding of real exchanges' api's (note that I don't mention any bots here and neither did I say a word about them before in this respect since I'm talking exclusively about api's obviously), he can't possibly not know about this as well as not know that a certain exchange (in this case, Bter) allows asynchronous requests if he claims that he knows the api of that exchange. That's basically the point I was trying to make

I think there was a lot of misunderstanding in the last couple of posts from both sides

The same point I didn't get: How do you know, if bter is internally working async or sync. This is not visible to a client. And  I don't care how they work internaly, as long as they are fast and reliable. You already said it... If bter accepts a request with a higher nonce before a lower nonce . something ist not working as it should in my opinion

This is called asynchronous mode of operation

There is no problem with that since no one forces to use this mode. If you need to wait for a reply, you just wait and that's all there's to it. I don't know how it is done in Java (since I'm mostly developing on C++) but you can tell which reply refers to which request, so there is no problem either if you want to use api asynchronously. For example, you can send a new order request and at the same time, without waiting for a reply to this request if I remember correctly (I don't use this exchange for over a year already), send a few other requests cancelling a bunch of other orders. For example, with Bifinex api you can easily cancel a few orders with just request, but at other exchanges (e.g. at Exmo) you have to cancel each order individually and wait till your cancellation request gets executed. Otherwise, you will receive an error if you just send a bunch of requests simultaneously

You are totally right and same in java. I'm doing my stuff in exactly the same way

[wilson76]

hm.... might mixing things up of the transport layer, the protocol layer and how an exchange API is implemented.
For sure there is a connection established when I want to invoke the API. But the http requests and responses do not have
to be synchronous.

There are tons of simple examples of working with REST Api's in a asynchronous way, e.g.:

Future<Response> response1 = client.target("https://bittrex.com/api/v1.1/market/cancel")
                               .request()
                               .async().get(Response.class);

Future<Response> response2 = client.target("https://bter.com/api/1/private/cancelorder")
                               .request()
                               .async().get(Response.class);

// now you can do other stuff or sit and wait till you have both responses.

[deisik]

For example, you can send a new order request and at the same time, without waiting for a reply to this request

Yeah this is multithreading

The question is not about multithreading

The question is about exchange api's and how they work in practice, surely not about how exactly your code can send requests. These gory details are ultimately irrelevant for most practical reasons since this is not where problems typically arise. With a synchronous api, you can't possibly do that (remember I've been there), and it doesn't matter if you are using a true multithreading or just software interrupts (or whatever) since you will most likely just receive an error from the exchange if you try that (this refers only to authenticated requests). But you seem not to understand that

[Sampey]

There are tons of simple examples of working with REST Api's in a asynchronous way, e.g.:

Future<Response> response1 = client.target("https://bittrex.com/api/v1.1/market/cancel")
                               .request()
                               .async().get(Response.class);

Future<Response> response2 = client.target("https://bter.com/api/1/private/cancelorder")
                               .request()
                               .async().get(Response.class);

Of course, this is async at APPLICATION LEVEL.
This is an high level library but i can also write that function by mystelf

- Prepare Call
--------- NEw Thread(PerformCall -> Give the Reponse to Method X)
- Continue with main flow

I use java futures for dedicated process like monitoring or checking running algorithms.

But if we look into NEw Thread(PerformCall -> Give the Reponse to Method X) we will discover that a Sync call is happening :-) It's invisible to you, but technically is a Sync call.

There's a lot of mysunderstanding about the concept of Sync/Async because many time it depends by the level of the view.
The code you post is surely async but the real http call will be performed in sync way.

A REAL async http Call is this :



As you can see 1-2 is the SEND Routine (that can be completed with a 200 http OK Code)
Then 3-4 is the real async response, where you set a service for the response.

[wilson76]

To come back to the topic  

Yes, I tried several bots in the past and this made me the decisson the implement my own trading platform. I'm not talking
of a "bot" anymore.

Each bot I tried, had its issues and parts I wanted to improve: different strategies, faster execution, diving into new technologies etc.
Here's a list of bots I tried:
- C.A.T.  
- SpreadBot (a German project)
- leoArdo
- poloniexlendingbot
- currently having a close look how gunbot is performing
- and some github open source projects I forgot


 

[Sampey]

I think i have the DEFINITIVE Reponse.
I remember about http return codes.

When CALL Is Synchronous you get HTTP 200
When CALL Is Asynchronous you get HTTP 202 (because it only means accept)

https://www.w3.org/Protocols/rfc2616/rfc2616-sec10.html

As i remember i never seen something different than HTTP 200 after the REST Connection 

[wilson76]

I've never have seen a 202 response code either.

And maybe I pushed the discussion to the wrong side: the client-side.
For me the more interesting part is the BTer server-side
and the behaviour @deisik described. Still thinking about what he said

PS: Despite all a nice discussion so far

[Sampey]

And maybe I pushed the discussion to the wrong side: the client-side.

But my discussion was on Client HTTP <-> API layer.
So we lost time all of us. Good 

[wilson76]

And maybe I pushed the discussion to the wrong side: the client-side.

But my discussion was on Client HTTP <-> API layer.
So we lost time all of us. Good  

Yay okay. As you said, there are different ways of implenting stuff on the client side. Synchronous calls, sending a request and waiting for
the response. and so on. Sending the request and asynchronously waiting for the response. So far we do agree Just different styles
of implementation. Indeed all the exchange API's I know so far are implementing simple request/response pattern. But thats a different topic
and not the point where the discussion started.

@deisik brought up this BTer async thing And I do not plan to implement BTer so I don't care about the behaviour that much. have
some thoughts on my own, but that is just speculating how they implemented their API.

PS: lost 3hours I could spend in coding 

[deisik]

And maybe I pushed the discussion to the wrong side: the client-side.
For me the more interesting part is the BTer server-side
and the behaviour @deisik described. Still thinking about what he said

In my opinion, asynchronous api is much better overall

Though it may be harder to code since you have to keep track of the requests that you made internally. As I said, I worked with proprietary api's, and they specifically distinguish between asynchronous and synchronous modes of operation in the sense I mean it (that's basically how such modes are defined). Below is the relevant part which I copied from the developer's guide of one them (namely, quik trading api):

Cyщecтвyeт двa cпocoбa пepeдaчи тpaнзaкций – cинxpoнный и acинxpoнный, кoтopыe peaлизyютcя oтдeльными фyнкциями:
1. Пpи cинxpoннoй пepeдaчe тpaнзaкций выxoд из фyнкции ocyщecтвляeтcя тoлькo пocлe пoлyчeния oтвeтa oт cepвepa QUIK. Cлeдoвaтeльнo, oтпpaвлять cинxpoнныe тpaнзaкции мoжнo тoлькo пocлeдoвaтeльнo, дoжидaяcь oтвeтa o кaждoй oтпpaвлeннoй тpaнзaкции – этoт cпocoб пpoщe и бoлee пoдxoдит для пpoгpaммиcтoв c нeбoльшим oпытoм paзpaбoтки пpoгpaмм.
2. Пpи acинxpoннoй пepeдaчe тpaнзaкций выxoд из фyнкции ocyщecтвляeтcя cpaзy жe. Для пoлyчeния oтвeтa oб oтпpaвлeнныx acинxpoнныx тpaнзaкцияx иcпoльзyeтcя фyнкция oбpaтнoгo вызoвa (callback). Фyнкция вызывaeтcя пpи кaждoм пoлyчeнии oтвeтa oб иcпoлнeннoй или oтвepгнyтoй тpaнзaкции. Знaчeния cтaтycoв иcпoлнeния тpaнзaкции, кoтopыe вoзвpaщaютcя в фyнкции oбpaтнoгo вызoвa, пpивeдeны в oпиcaнии к тeм жe cтaтycaм, кoтopыe иcпoльзyютcя пpи oтпpaвкe тpaнзaкций чepeз фaйл

You can use Google Translate, but this piece essentially says that there are two modes of sending transactions, i.e. synchronous and asynchronous. In the former case (synchronous mode), the calling function waits for the reply from the server, while in the latter case (asynchronous mode), the function exits immediately and the reply is received through a callback function. The emphasized part repeats what I said before, i.e. synchronous transactions can be sent only sequentially after receiving a reply from the previous request. As I remember, the guide specifically mentions that if you try to send another synchronous transaction (say, from another thread) while still waiting for a reply, the behavior is undefined. I tried that, and it just crashed the dll library which was used for transacting (trans2quik.dll if you are curious)

[carap]

Wow, what a discussion

Our bots are generally made of two parts:
1. The trading part - the one that is responsible for placing orders and check their statuses is purely synchronous. We are sending request and waiting for the response, we analyze this response to make sure there is no error and everything run smoothly. Yes this approach is slower, but anyway our bots are not the high frequency ones. At the same time we are not generating a load of requests and we never exceed any limits, even when we trade multiple pairs.

2. The data-gathering part  - this one collects data to be used for analysis, it runs on the public API, so we are free to do what we like, multiple simultaneous threads collecting info about exchange rates of different pairs, collect data about order book, etc.

Regarding the 1st part - I honestly wouldn't feel safe by making it in asynchronous way. You can call me (and my team members) the lame programmers for that, we are not going to change our approach. It could be all about our skills, we are sure we can make it safe in totally synced manner, analyzing responses seems crucially important to us. On top of that, this seems to be working on all markets we working with and we see no practical reasons for making it differently.

Regarding the 2nd part - Oh yes, here we can be really nasty Paralleling requests, using multiple servers (and VPNs) to overcome imposed limits. Anyway we normally have 1-2 instances of the data-gathering for each market, while sometimes we have more than 200 separate instances of the trading part (different strategies / parameters / trading pairs / accounts).

My respect to Sampey, he managed to cover 18 (20 soon) different markets, we are not that advanced, we currently have only 5 and various little differences between them is already a significant headache.

[emezh10]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

It more interesting if you don't use bots , In trading you will one who see the trading and it more thrill when you're the one who gonna buy and sell the coins as of now i do small trades for altcoins and ico's but if im giving a chance to create bot i probably build one your just making a big mistake making human tobecome more lazier

I don't consider to use bot in trading. Personally i don't use bot i manage my tradings all by my self in my own time . I handle it and manage it will all my best. And in fact many site don't allow us to use bot cause it's like cheating. Aside for that it's much better to work to earn . And if you have goals it much better if you are the who will pursue not just the bot you will use. Don't be lazy ! Work hard to earn

[Sampey]

My respect to Sampey, he managed to cover 18 (20 soon) different markets, we are not that advanced, we currently have only 5 and various little differences between them is already a significant headache.

Thank you so much man 

Real Api Number is 24 

18 In current Version
2 (Bitex/Liqui) in the coming version
3 Dismissed due to Exchange Close (Cryptsy/Cryptomic/RawX)
1 Never Go Live due to Exchange Scam (Mintpal)

 

Don't forget that the trick to interface so many exchanges is that you must create a layer

MAIN PROGRAM <-> API LAYER -> External Api Sistem

When

MAIN PROGRAM doesn't know anything about the API LAYER. Nothing in specific. Only the Interface the API Layer must respect.
Then you will be able to write the API LAYER For any exchange without many difficulties.

[deisik]

Wow, what a discussion

Our bots are generally made of two parts:
1. The trading part - the one that is responsible for placing orders and check their statuses is purely synchronous. We are sending request and waiting for the response, we analyze this response to make sure there is no error and everything run smoothly. Yes this approach is slower, but anyway our bots are not the high frequency ones. At the same time we are not generating a load of requests and we never exceed any limits, even when we trade multiple pairs

I could easily mention a few cases when this approach can lead to losses

Or less profits, for that matter. Imagine a situation where your bot is placing a new order, and at the same time it analyzes in parallel data streams (which you yourself mention). Then it sees that the market quickly changes, but it has to wait until this order gets placed (or does something else which requires waiting), and thus not being able to do anything with other orders (at the same exchange) may cost dear. For example, it sees that it is profitable to buy or sell some other coin at the exchange due to an arbitrage opportunity springing up that lasts only a few moments (just enough to place another order). These orders may not even be related to each other. If the bot were running asynchronously (and the exchange accepted asynchronous requests), it could send a new order immediately and grab the opportunity. You see, 1 second may be an eternity within which fortunes can be made as well as lost

[Sampey]

I could easily mention a few cases where this approach can lead to losses

Or less profits, for that matter. Imagine a situation when your bot runs into a situation where it is placing a new order, and at the same time analyzes in parallel data streams (which you yourself mention). Then it sees that the market quickly changes, but it has to wait until this order gets placed, and thus not being able to do anything with other orders (at the same exchange) may cost dear. For example, it sees that it is profitable to buy or sell some other coin at the exchange due to an arbitrage window that lasts only a few moments (just enough to place another order). If it were running asynchronously (and the exchange accepted asynchronous requests), and it could send a new order immediately. You see, 1 second may be an eternity within which fortunes can be earned as well as lost

The sync api call will be performed in the parallel data stream.
Sync doesnt means that your sistem must wait another API Call to be completed. Sync means that when the http protocol is invoked your program must wait for the response.

I have customers who heavily trade at the same time on over 100 markets.
Don't you really think that only 1 call is performed by my bot using a FIFO queue.

Solutions is simple : 1 Open Market = 1 GUI + 1 (or more) algorithm and 1 Algorithm = 1 or more dedicated thread. All call are sync at http level.

You example is true, but has nothing to do with sync/async call 

[deisik]

@deisik brought up this BTer async thing And I do not plan to implement BTer so I don't care about the behaviour that much. have
some thoughts on my own, but that is just speculating how they implemented their API.

PS: lost 3hours I could spend in coding 

Just think that it may not have been worth doing at all

And this is real life. I spent literally months on doing some very intricate stuff at the max of my mental capacities (and sometimes beyond that) which I have never used afterwards. I would certainly change these months of non-stop coding and thinking for just one day of reading sense which would have prevented me from basically wasting my time



"Give me six hours to chop down a tree and I will spend the first four sharpening the axe"

[carap]

Don't forget that the trick to interface so many exchanges is that you must create a layer

MAIN PROGRAM <-> API LAYER -> External Api Sistem

When

MAIN PROGRAM doesn't know anything about the API LAYER. Nothing in specific. Only the Interface the API Layer must respect.

Sure, we already have it this way But it takes time to come up with universal approach to cover all the little differences. For example, one exchange returns the list of executed orders from any desired day, another one returns only one month-back and for the lengthy strategies you have to sync your history. Little differences with various limits: minimum order sizes, minimum-maximum prices like on btc-e, number of digits after the comma, commission (absolute value versus percent), handling of partially executed orders... Anyway, we have resolved most of these issues and we made something really stable and universal.

But 24APIs - you are a Maaaaan! Honestly, I praise your patience!
Have you ever looked outside the crypto-trading? Like commodities, options?

I could easily mention a few cases when this approach can lead to losses

Or less profits, for that matter. Imagine a situation where your bot is placing a new order, and at the same time it analyzes in parallel data streams (which you yourself mention). Then it sees that the market quickly changes, but it has to wait until this order gets placed (or does something else which requires waiting), and thus not being able to do anything with other orders (at the same exchange) may cost dear. For example, it sees that it is profitable to buy or sell some other coin at the exchange due to an arbitrage opportunity springing up that lasts only a few moments (just enough to place another order). These orders may not even be related to each other. If the bot were running asynchronously (and the exchange accepted asynchronous requests), it could send a new order immediately and grab the opportunity. You see, 1 second may be an eternity within which fortunes can be made as well as lost

It's all about implemented trading strategy! In our case speed is not of the great importance.
Depending on settings (mainly risk and greed), trading cycles on some pairs may take minutes, while others may last for weeks.
We have a gentleman-bot who walks less because he plans better You know, its like comparing a machine gun against a sniper rifle.

[Sampey]

But 24APIs - you are a Maaaaan! Honestly, I praise your patience!
Have you ever looked outside the crypto-trading? Like commodities, options?

No only cryptoworld 
I haven't much time to look into other things, real life is full 

[veleten]

ha this thread happened to be very informative (unexpectedly)
thanks go to both deisik and campey and of course others who contributed to the discussion
a question to sampey,is it possible for a person without any experience in trading to earn anything with your bot?

[deisik]

It's all about implemented trading strategy! In our case speed is not of the great importance.
Depending on settings (mainly risk and greed), trading cycles on some pairs may take minutes, while others may last for weeks.
We have a gentleman-bot who walks less because he plans better You know, its like comparing a machine gun against a sniper rifle

Excuse me but that doesn't make much sense

At first you say that you go all out to get the smallest chunks of data possible querying an exchange a few (hundred) times a second using whatever tools are available (e.g. multiple servers and VPNs to overcome imposed limits), and then you continue to say that trading cycles take minutes to weeks and your bots are not the high frequency ones anyway



It is like saying that you opt for a sniper rifle while actually taking a machine gun belt as ammo

[carap]

At first you say that you go all out to get the smallest chunks of data possible querying an exchange a few (hundred) times a second using whatever tools are available (e.g. multiple servers and VPNs to overcome imposed limits), and then you continue to say that trading cycles take minutes to weeks and your bots are not the high frequency ones anyway

Have you noticed that I mentioned our bot is made of two major parts?

Our strategy is not the high frequency one. Trading is very careful and targeted. Part 1 of the bot. We may check market like once every minute or even less often (depending on parameters).

Data-gathering is a 2nd part, it doesn't use private API and that one may work as a machine gun making lots of requests. However, that behavior is not always necessary (depends on a number of pairs, on market itself, on additional strategy adjustments). At the present moment we are working well within allowed limits.

[Sampey]

a question to sampey,is it possible for a person without any experience in trading to earn anything with your bot?

Hi,
it's important to understand the concept of "without experience".
If you are able at least to choose 1 market with a lot of MAX/MIN values and set some limit like "Don't Buy Over X" and "Don't SELL Under Y", probably you will be able to make your gain even without know a lot about trading.
The funny things is that CAT have a "default" algorithm, that is the classic algorithm for people who doesn't wants to change anything.
Some person was able to gain without know how cat works 

But i'm not the right person to talk about my bot, because is mine 

Then only thing i can show you are my feedbacks : https://bitcointalk.org/index.php?action=trust;u=130152
Just press the "UNTRUSTED FEEDBACKS" to read all of them.
It seems users are satisfied 

[deisik]

At first you say that you go all out to get the smallest chunks of data possible querying an exchange a few (hundred) times a second using whatever tools are available (e.g. multiple servers and VPNs to overcome imposed limits), and then you continue to say that trading cycles take minutes to weeks and your bots are not the high frequency ones anyway

Have you noticed that I mentioned our bot is made of two major parts?

Our strategy is not the high frequency one. Trading is very careful and targeted. Part 1 of the bot. We may check market like once every minute or even less often (depending on parameters).

Data-gathering is a 2nd part, it doesn't use private API and that one may work as a machine gun making lots of requests. However, that behavior is not always necessary (depends on a number of pairs, on market itself, on additional strategy adjustments). At the present moment we are working well within allowed limits

In fact, I've been there too and know how it feels

If you write shitty code (I don't mean you personally, of course), than even a garbage collector won't help you. But if you take care of memory issues, you don't need a garbage collector altogether. Running a trade system in a synchronous mode could potentially save you some headache, but just that alone won't make your code less shitty overall. In other words, the seeming complexity of an asynchronous mode is not an excuse for crappy code (if that was your point). Otherwise, there is no particular difference between synchronous or asynchronous modes of operation (in this regard)

[jeraldskie11]

I did not use a bot for trading. I manually used trading for an altcoins. I didn't want the bot, handle my money, I want me to handle it. I want to have a fair about trading and even there is no bot for trading, it also act like that.

[carap]

In fact, I've been there too and know how it feels

I'm not sure I properly understood what you mean by saying that

But if you take care of memory issues, you don't need a garbage collector altogether.

Totally agree! I personally started coding before garbage collectors became a common tool. I know how to avoid memory leaks and how to write a safe and stable code. My team members are professionals in their fields and the code we produce is of a high quality!

IMO making a good trading bot requires 3 key people: trader (that one who knows the strategy), the programmer/architect (the one who can implement it in the form of optimized and stable algorithm) and a coder (the one who can implement an algorithm in the stable code for the desired platform).
From the programmers perspective I was working on the core that is capable of doing much more than we needed for trading. Simply speaking, if our bot will begin to make 100x more operations than it does now, it will remain stable (already stress-tested)

Anyway, we trade in sync because its all we need for our successful trading and because this approach is universal among various markets. If we find some strategy that is significantly more profitable, we'll implement it no matter what technology mix it will require.

[deisik]

In fact, I've been there too and know how it feels

I'm not sure I properly understood what you mean by saying that

I mean I had to choose which mode to stick to myself (where I had such an option, of course). If we talk about cryptocurrency exchanges I simply can't see how asynchronous requests can be more difficult to implement than synchronous ones. Either is pretty simple and can't even come close in complexity to proprietary interfaces to "real" exchanges where you have to set up (export) callback functions, which are then called from external dlls. Foe example, if you use something other than MSVC compiler (linker), you may have issues with just correctly exporting function names (say, setting or removing specific prefixes that your linker adds to function names)

But this has more to do with your developer skills rather than synchronous or asynchronous api's as such

[carap]

I simply don't see how asynchronous requests can be more difficult to implement than synchronous ones

As far as I understood from your discussion with Sampey, this asynchonous routine is currently implemented on a very few markets. That one you considered, I've never worked on it. Originally we had a very defined list of markets we traded on and where we wanted some automation. So for as it makes no practical sense.


However, honestly speaking I still haven't fully understood what kind of async you are talking about. I can think of multiple scenarios of how that might be implemented, but not sure which one of those is considered in this case. From your discussion I understood that some market allows sending multiple requests and receive responds that are not obligatory in the queue. I don't see a problem in that, it's only that the structure of the reply will be different (containing some identification of your original request). Not a big deal, only that parsing of response is different.

But this has more to do with your developer skills rather than synchronous or asynchronous api's as such

For me it is more about what kind of problem you are trying to solve, whenever it requires sync or async approach

[OrangeII]

have never thought of my head for trading using the bot. I just feel a loss, when you're one of bots on the coins that have been a scam, and you're busy. it's probably going to spend the money you have. I've seen my friends use when trading in facebook bot. but I do not know, whether it is profitable or not, because it's just an image.

[deisik]

I simply don't see how asynchronous requests can be more difficult to implement than synchronous ones

As far as I understood from your discussion with Sampey, this asynchonous routine is currently implemented on a very few markets. That one you considered, I've never worked on it. Originally we had a very defined list of markets we traded on and where we wanted some automation. So for as it makes no practical sense.


However, honestly speaking I still haven't fully understood what kind of async you are talking about. I can think of multiple scenarios of how that might be implemented, but not sure which one of those is considered in this case. From your discussion I understood that some market allows sending multiple requests and receive responds that are not obligatory in the queue. I don't see a problem in that, it's only that the structure of the reply will be different (containing some identification of your original request). Not a big deal, only that parsing of response is different

That's likely what I'm talking about

If I remember correctly, Bter and Cryptsy allowed such requests. I'm 100% sure about Bter and not so sure about Cryptsy since it was too long ago when I had been using these exchanges (I know that Cryptsy scammed). What I mean basically comes down to sending authenticated requests (e.g. adding or removing orders) without having to wait until you receive a reply from your previous authenticated request. If you try that with, say, Bitfinex, you will just receive an error for your last request. In this way, you have to sync your requests with exchange replies

[carap]

What I mean basically comes down to sending authenticated requests (e.g. adding or removing orders) without having to wait until you receive a reply from your previous authenticated request.

Actually, that aspect of implementation pissed me off at the very beginning. When I want to let's say cancel 10 orders, why I can't simply list them all in single request. And after send a second request, listing these orders and requesting their current statuses. If some of them are cancelled and few hasn't yet and remain active I will receive that data in a single reply. Or when I have 20 orders and I would like to check their statuses (whenever they are executed, active, of partially completed), why can't I simply send a list of OrderIDs in a single request like "CheckStatuses: Count=20; ID1= ... ID20= " and in response receive a same list, but mentioning the current status of each. That be so much simpler!

[deisik]

What I mean basically comes down to sending authenticated requests (e.g. adding or removing orders) without having to wait until you receive a reply from your previous authenticated request.

Actually, that aspect of implementation pissed me off at the very beginning. When I want to let's say cancel 10 orders, why I can't simply list them all in single request. And after send a second request, listing these orders and requesting their current statuses. If some of them are cancelled and few hasn't yet and remain active I will receive that data in a single reply. Or when I have 20 orders and I would like to check their statuses (whenever they are executed, active, of partially completed), why can't I simply send a list of OrderIDs in a single request like "CheckStatuses: Count=20; ID1= ... ID20= " and in response receive a same list, but mentioning the current status of each. That be so much simpler!

In fact, some exchanges allow just that

If I'm not mistaken, Bitfinex allows you to enumerate the IDs of the orders and batch-cancel them by sending a single request. But most api's that I've seen so far are just ugly from a trader's point of view. It looks as if they were coded by developers that didn't have a slightest idea what traders actually need. For example, I've seen api's that allow you to download thousands and thousands of your past trades but don't provide an option to download just a few last trades starting from a given timestamp. Pretty obvious thing even for people not connected with trading, isn't it?

[carap]

I've seen api's that allow you to download thousands and thousands of your past trades but don't provide an option to download just a few last trades starting from a given timestamp. Pretty obvious thing even for people not connected with trading, isn't it?

Absolutely! And some markets are not giving you your history for longer than last month. And in case you have some super optimistic order that is likely not to be executed soon (like sell Bitcoin for 5000), you have to sync your history with some database to keep a track of. Or you have to separately check statuses of every elder order.

[carap]

 
Looks like discussion of various aspects related to bot creation has killed this thread
 

[blackhawkeye1912]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I don't have any experience to use both in the exchange trading platform. But I read some of it, and having an interest to try it, only need a monthly cost to avail it and it depend on the bot you like to use just the minimum I remembered was 0.01 monthly.

[Gameroid]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I don't have any experience to use both in the exchange trading platform. But I read some of it, and having an interest to try it, only need a monthly cost to avail it and it depend on the bot you like to use just the minimum I remembered was 0.01 monthly.

i am hearing about this for the first time i personally have never use it and therefore do not have any experience of bot trading i will also like to learn about and get experience about that. but presently i do not have any idea about that.

[pokerplayer]

Can somebody send me in pm name of some kind of trading tool for trading in any site or just in specified site i really dont know how it works for which sites we can find program and can we get for free or we need to buy it.

[JeffBrad12]

Can somebody send me in pm name of some kind of trading tool for trading in any site or just in specified site i really dont know how it works for which sites we can find program and can we get for free or we need to buy it.

https://bitcointalk.org/index.php?topic=1715214.0

You will be difficult to get it for free. most of the trading tools are not free in my mind.

[ethereumhunter]

Can somebody send me in pm name of some kind of trading tool for trading in any site or just in specified site i really dont know how it works for which sites we can find program and can we get for free or we need to buy it.

https://bitcointalk.org/index.php?topic=1715214.0

You will be difficult to get it for free. most of the trading tools are not free in my mind.

yes, because that bot is need support from the dev and need to gets update and if we only get for free then we can not get the latest update. i am prefer to do trading with manual because from trading manual, i can learn many thing and trying to make my analyze so i think if we do this over and over, then in the long term, we can easy to analyze when the falling is come or when the increase price is come.

[aloneout]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

It more interesting if you don't use bots , In trading you will one who see the trading and it more thrill when you're the one who gonna buy and sell the coins as of now i do small trades for altcoins and ico's but if im giving a chance to create bot i probably build one your just making a big mistake making human tobecome more lazier

I don't consider to use bot in trading. Personally i don't use bot i manage my tradings all by my self in my own time . I handle it and manage it will all my best. And in fact many site don't allow us to use bot cause it's like cheating. Aside for that it's much better to work to earn . And if you have goals it much better if you are the who will pursue not just the bot you will use. Don't be lazy ! Work hard to earn

Well this is the way that is best and most profitable. Because the trade automatically and manual will certainly be more profitable they are doing it manually, because trading has no definite lines so that if we just use a bot which has a path that is for sure. It will make us a lot of loss, the experience will be much more gives the best effect than have to do it with the automatic way

[Mr.grin]

Can somebody send me in pm name of some kind of trading tool for trading in any site or just in specified site i really dont know how it works for which sites we can find program and can we get for free or we need to buy it.

https://bitcointalk.org/index.php?topic=1715214.0

You will be difficult to get it for free. most of the trading tools are not free in my mind.

yes, because that bot is need support from the dev and need to gets update and if we only get for free then we can not get the latest update. i am prefer to do trading with manual because from trading manual, i can learn many thing and trying to make my analyze so i think if we do this over and over, then in the long term, we can easy to analyze when the falling is come or when the increase price is come.

agreed, besides, if doing it manually, so many experiences that we get, and even if we lose, at least, we will not regret the choice we make. I think using bot will also be prone to experience a loss, besides, perhaps, the percentage of accounts banned growing.

[pokerplayer]

Thanks for help I am really happy because I got answers here and I decided to try to buy some cheap bot which I can use for trading.I will buy couple of cheap bots and it it makes me nice profit then I will still trade but if not then I will stop buying bots and I will learn to trade alone.

[jovs]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Like you i dont used bot on trading or even think to use it. Because using bot is like cheating yourself asides you cant manage your trading if you are using bitcoin. For me in trading one must have luxury of time for the trading to grow and develop. And if there is a risk in trading i am sure that there is more risk in usung bot because it doesnt know when at how to trade your tradings.

[JeffBrad12]

Thanks for help I am really happy because I got answers here and I decided to try to buy some cheap bot which I can use for trading.I will buy couple of cheap bots and it it makes me nice profit then I will still trade but if not then I will stop buying bots and I will learn to trade alone.

Be careful about buying the bot because too many the fake bot to steal your exchange account, and just try to buy the recommend trading bot in here. Gunbot is good bot for you and you can try it.

[deisik]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Like you i dont used bot on trading or even think to use it. Because using bot is like cheating yourself asides you cant manage your trading if you are using bitcoin. For me in trading one must have luxury of time for the trading to grow and develop. And if there is a risk in trading i am sure that there is more risk in usung bot because it doesnt know when at how to trade your tradings

I think that most trading bots are useless overall

There are two classes of bots which can be of real help, though. The first class (which I used myself in the past and am going to use in the future) consists of bots that just place orders for you. For example, you set a range (spread) for your buy and sell orders, and the bot just adds the opposite order when the trade gets executed. But there are bots that trade specifically against these and similar bots (unless the latter are more advanced and take precautions against the former). The second group consists of arbitrage bots and that's how easy money is earned in the markets

[coinplus]

Thanks for help I am really happy because I got answers here and I decided to try to buy some cheap bot which I can use for trading.I will buy couple of cheap bots and it it makes me nice profit then I will still trade but if not then I will stop buying bots and I will learn to trade alone.

I don't know friend who gave you advice but actually never use these bots in altcoins trading since it would always end up in loss. And I think bots can help in creating buy and sell orders right ? That can be easily done by creating orders manually too ?

I mean you can create buy and sell orders for predetermined price and then just relax, why depend on a bot that has no brain and knowledge ?

[ASHLIUSZ]

If you want to make some profit with trading (arbitrage), you cannot rely on bots. You have to do some manual research.

The first one is on me:

- Current trading rate at Coinbase -  $1270

- Current trading rate at SurBitcoin - $1530


I already sold 15.17 bitcoins myself and i received an usd payout

Well done. Manual research gives the best profit compared to the bots. Bots work based on the way it's been programmed or developed. Same time if you're using your mind to calibrate and decide then you can increase the profit even when price is not varying much.

[Monnt]

I did not use a bot for trading. I manually used trading for an altcoins. I didn't want the bot, handle my money, I want me to handle it. I want to have a fair about trading and even there is no bot for trading, it also act like that.

The bot does not handle your money actually, it just uses your instructions to create buy and sell orders but yeah sometimes bots can be pity as when a coin is rising quickly it would just sell them, while manually you can change your decision at the last minute and rather sell on higher price and that's the only plus point using manual strategies rather than filling data in bots.

[el kaka22]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Like you i dont used bot on trading or even think to use it. Because using bot is like cheating yourself asides you cant manage your trading if you are using bitcoin. For me in trading one must have luxury of time for the trading to grow and develop. And if there is a risk in trading i am sure that there is more risk in usung bot because it doesnt know when at how to trade your tradings.

It is more important but actually you can choose between luck and skill and luck is something that would come to you if it has to. I believe if we can implement some skills in our gambling then that's much better. Sports betting is a classic example because there we can see the past records of the teams and hence bet accordingly.

Always I do prefer going for trading manually. Because, all the bots I have tried did not bring successful trades all the times. Now also I am looking for trading bots as I do hear they will automate some of our routine works like part of our research and analysis. But I will take the final decisions whether to trade or not.

[Zar_Slim]

Never use bots. Thay cannot make a deal as human mind can

[DarkIT]

Never use bots. Thay cannot make a deal as human mind can

true, sometimes the actions taken very different bot we think. but, it is also commonly used by people who have very little time in playing trading. but, using a bot, have a greater risk than with manual trading.

[hurain]

I did not use a bot for trading. I manually used trading for an altcoins. I didn't want the bot, handle my money, I want me to handle it. I want to have a fair about trading and even there is no bot for trading, it also act like that.

The bot does not handle your money actually, it just uses your instructions to create buy and sell orders but yeah sometimes bots can be pity as when a coin is rising quickly it would just sell them, while manually you can change your decision at the last minute and rather sell on higher price and that's the only plus point using manual strategies rather than filling data in bots.

to me i never use bot, actually i do not believe on it and the other thing is that i do not feel satisfaction while using bot, i think like to use the manual way in gambling.

[deisik]

I did not use a bot for trading. I manually used trading for an altcoins. I didn't want the bot, handle my money, I want me to handle it. I want to have a fair about trading and even there is no bot for trading, it also act like that.

The bot does not handle your money actually, it just uses your instructions to create buy and sell orders but yeah sometimes bots can be pity as when a coin is rising quickly it would just sell them, while manually you can change your decision at the last minute and rather sell on higher price and that's the only plus point using manual strategies rather than filling data in bots

You refer only to just one kind of bots

But there are a multitude of other bots which don't quite fit into your simplified definition. For example, there are arbitrage bots that don't necessarily add orders for you. They might just keep watch on prices at various exchanges. And when they see an opportunity to earn profits, they may beep you and then it is up to you to decide whether it is worth trading or not. Or you can just give your consent and then the bot makes the rest for you  (i.e. actually places the orders)

[xIIImaL]

Never use bots. Thay cannot make a deal as human mind can

true, sometimes the actions taken very different bot we think. but, it is also commonly used by people who have very little time in playing trading. but, using a bot, have a greater risk than with manual trading.

Bot should not involved in the platform where the money revolves so much. But i have noticed in many trading site automated escrow is been activated by the site itself. Once payment has been done or trade completed then trade is being released by us but amount was hold there only. Its automatically dispute the trade if its not completed by trader who buy or sell it.

[wuvdoll]

actually i do not believe on it and the other thing is that i do not feel satisfaction while using bot, i think like to use the manual way in gambling.

For both trading and gambling, there are bots which can be used up to some levels like we need not relaying them completely. They will simplify your routine tasks but your decision is needed to finalize a trade or bet. When you are completely believing into one bot, there will be zero chances to get full satisfaction. It is obvious that you cannot expect a bot to work perfect as per your expectations.

[bravehearth0319]

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I never try to use it, but I've read it in some articles which I don't exactly sure what site it is, they have called top 6 bot and each bot had their own price of bitcoinBTC according to it functions minimum was 0.01BTC, in fact, I got curious on it, and attempt to try but I realized that doing trade manually is much comfortable than using bot in the trading you cannot appreciate your profit if you use it unlike in manual you appreciate because you are the one made a hard work for it.

[fkod]

I'm guessing, many bots existing private, personally used on coin markets.

Public bots not very good as for me.

Best way, writing the self coded bots for trading and order management.

[RealPhotoshoper]

I'm guessing, many bots existing private, personally used on coin markets.

Public bots not very good as for me.

Best way, writing the self coded bots for trading and order management.

That's right completely agree with your opinion , bot provided publicly has no few features.
When you know how to build a bit then better to create your own and place the features as you wish.
The problem only when you have no idea to create it, but you can buy a premium bot from trusted provider.

[carap]

Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...

[CraigWrightBTC]

Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...

Well if you think the traders can make huge profit with trading bot you are wrong, i don't think taking huge profit from trading,
i just think get constant profit from trading also doesn't mean the trading  robot is suitable for the strategy in every condition of price
 the mosht important in trading getting constant  profit not on trading robot as you said.

[carap]

Well if you think the traders can make huge profit with trading bot you are wrong

I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).
It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with.

[zidanw]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

[deisik]

Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...

Could you name a few?

Well if you think the traders can make huge profit with trading bot you are wrong

I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).
It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with

Not all bots are born equal

If you are using a simple strategy like Ping-Pong which comes down to placing opposite orders (and which you seem to refer to here), a bot will help you greatly since manual order placing and more so price tracking can be dull and boring. Such a bot will certainly make your life easier. On the other hand, if you are catching abrupt price moves which happen within a couple of seconds, a bot will be indispensable since you simply won't be able to react quick enough. You could place orders manually beforehand, of course, but you can't withdraw them fast enough when you see that there is going to be a genuine crash (a bot could trace price movements at a few exchanges at once and cancel such orders in half a jiffy)

[carap]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills. 

[PokerFace3]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills. 

Yeah I think you should check yourself before believing others. That is why I always suggest there should be a demo period for all bots, it is not an insanely easy thing to trade with a bot and if you can just try it for couple of days than you can always see if you can run it and buy it or not.

When people suggest things that are on their signature I see bias and go check like youtube videos and so forth to see if it worked at all.

[deisik]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills

As the proverb goes, many a little makes a mickle

On the other hand, there may be other reasons (apart from purely financial ones) why anyone could be wearing a signature. Personally, I'm not very prone to communication myself (that doesn't mean that I can't communicate), I just don't feel like talking when I can keep silence. As Churchill once said, never run when you can walk, never walk when you can stand, never stand when you can sit, and never sit when you can lie down. And when you lie down don't waste your time but sleep. Wearing signature makes me communicate (whether I like or not), otherwise I would most certainly stay away from discussions and polemics altogether. Deep inside, I don't feel an urge to prove anything to anyone (aka "someone is wrong on the Internet")

[BrewMaster]

Could you name a few?

Not you! You seem to be quite knowledgeable about automated trading.

My point was that people who earn enough from trading (good traders whose opinion is valuable) don't need to advertise some casions/hypes in their signatures or even avatars (unless the advertise their own project). I might be too straightforward, but when I see someone with Casino on avatar and some Casino in signature, I doubt their analytical or trading skills. 

to earn a decent amount of money you have to invest big.
investing big means a small change leads to a lot of money moving around, change down a big loss and change up a big gain.
when money becomes bigger the stress of it becomes bigger too.
now add to that the fact that cryptocurrency market is manipulated specially when it comes to altcoins.

how many people do you think are willing to sustain this kind of work?

you can obviously see a lot of people play around with 0.5-0.001BTC but as i said to make real money you need real big amounts.

and i don't get why you mix being in a signature campaign with what people have to say about trading!

and with your logic this guy has to be the god of speculation https://bitcointalk.org/index.php?action=profile;u=654

[Victorycoin]

Reading this thread makes an impression that 90% of posts are coming from professionals capable of making huge profits without any automation!
I wonder why the same people advertise in their signs and avatars...

Could you name a few?

Well if you think the traders can make huge profit with trading bot you are wrong

I don't think so, and I'm for stable little incomes (that are in fact easier to achieve with automation).
It's only that majority states that they can trade better than bots, but never actually tried and don't have any practical experiences with

Not all bots are born equal

If you are using a simple strategy like Ping-Pong which comes down to placing opposite orders (and which you seem to refer to here), a bot will help you greatly since manual order placing and more so price tracking can be dull and boring. Such a bot will certainly make your life easier. On the other hand, if you are catching abrupt price moves which happen within a couple of seconds, a bot will be indispensable since you simply won't be able to react quick enough. You could place orders manually beforehand, of course, but you can't withdraw them fast enough when you see that there is going to be a genuine crash (a bot could trace price movements at a few exchanges at once and cancel such orders in half a jiffy)

Bottom line is that a bot does no magic except that it has been coded to do especially as they could not have been based on A.I. Which goes to highlight the point that if a trader can come up with a strategy that works manually, then nothing prevents same strategy from working as a bot except something amiss with the coding.

That highlights the fact that a bot is meant to serve as an assistant not a replacement and can efficiently perform the role of monitoring the market 24/7, carrying out specific functions given to it. Before anyone jumps to conclusion that bots are waste of time and resources,they might want to ponder why institutional investors and banks are sparing no expense in producing expert systems that manages their forex trade or if it works with forex, what stops it from working with cryptocurrencies?

[deisik]

That highlights the fact that a bot is meant to serve as an assistant not a replacement and can efficiently perform the role of monitoring the market 24/7, carrying out specific functions given to it

Personally, I'd rather consider a thoroughly written trading bot as a replacement, not as an assistant

Provided it brings profits, or course. Really, if it saves you plenty of time making all the dirty work of implementing your strategy in practice instead of you, how can it possibly be considered as an assistant? If it does actual trading (i.e. places and cancels orders), it is a replacement, by any name. If it helped you develop a trading strategy, then it could be called an assistant (in developing trading strategies), but the task of fulfilling the strategy is a task for a trader, and thus it is a replacement for you as a trader (but not as strategist). You, on the other hand, get busy with strategies, writing the code and testing it, leaving trading as such to the bot

[blackhawkeye1912]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Do you think bot in trading will be a big help for a traders like us here sir? And if ever yes, I'm gonna try it, can you give some site of it were I can get some and try to apply it in the exchange platform. Thanks

[MyIdeas]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

I also prefer the manual way of trade because I also do not have trust on bot for trade or I think I do not know about these bot because one day on tjis forum I saw a person saying that bot can work better.

[tabas]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

Me too I didn't experienced using a bot for trading and I don't want to. And you need to purchase one of it. I only know gunbot and it costs 0.1 BTC if I'm not mistaken and base to the feedback of those people that bought it, it helped them to trade properly and it generated them income. But for me I'll still rely on manual trading.

[cointabo]

Manual trading > BOT trading

[dwieyani]

whether to use this bot can simplify how do I trade?


suggestions and rules that you provide will be working.
thank you!

[Labumi]

I have never used a bot I think it is less effective because we don't directly monitor the state of the market and likely bot will not work correctly is things  might be detrimental to us. I prefer the manual method.

Yeah. Indeed the biggest drawback that we will never eliminate is on the bot may not work optimally or not in accordance with the commands that we provide. Because indeed every human creation has its disadvantages and advantages, then we have to be clever in using it appropriately. The bot does help for trading, but trading was not a suitable place to always use bots or rely on a bot. Because trading requires analysis and a proper thought and every time a trading pattern is always different and it could ruin our capital finance or if a bot we use wrong in response to it
 

[pooya87]

I never use bots in trading because I have not bought one yet,  If someone good enough to share his bot to me, I would gladly use it.  Apply the setup I want and run it 24/7.  Of course, i will be checking it from time to  time to monitor the bot.  Having bot for trade, I believe, it  will make my trade easier.  No more missed pump or dump.

Do you think bot in trading will be a big help for a traders like us here sir? And if ever yes, I'm gonna try it, can you give some site of it were I can get some and try to apply it in the exchange platform. Thanks

as it was said at least a hundred times before in this topic, if you are new to trading you shouldn't be even wanting to try a bot. first learn how to trade and do it at least for a couple of months manually and then if by that time you felt the need for some level of automation and a bot then seek a good one.
but not now.

[CODE200]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

[raven7886]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

There are some significant advantages of using bots, I like to suggest to check with them. Like bots are capable of analyzing markets round the clock. When we are sure about one trading bots, it will be equivalent to you got some employees to make money for you. But it will not be that much easier to have such bots, but just imagine how it will be good when your are having some people working for you  

There are few bots in market which will do 90% of your trading works automatically and only final decision will be yours. Once you decide and finalize, it will do the rest of 10% works to get you profits.

[sunsilk]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

I don't also use bots for trading. But I know that bots are good help for you to become more productive.

I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.

And another thing is that I'm learning while doing manual trading.

[gabmen]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

I don't also use bots for trading. But I know that bots are good help for you to become more productive.

I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.

And another thing is that I'm learning while doing manual trading.

Yeah I agree. Bots actually lessen your chance of missing a good time to either buy and sell while you're not logged in or online. I've tried it once and it's a good feeling to know that there's something to look forward to the next time you check the bot. It makes you feel a bit at ease when you're away though you have to also be careful about bugs because that can make you lose money also

[deisik]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

I don't also use bots for trading. But I know that bots are good help for you to become more productive.

I just don't want to depend on such bots, I want to earn the hard way because when it keeps longer it's more worth.

And another thing is that I'm learning while doing manual trading.

Yeah I agree. Bots actually lessen your chance of missing a good time to either buy and sell while you're not logged in or online. I've tried it once and it's a good feeling to know that there's something to look forward to the next time you check the bot. It makes you feel a bit at ease when you're away though you have to also be careful about bugs because that can make you lose money also

It is not only about bugs

Some primitive bots (and I guess this makes up the total majority of them) don't take into account how fast the price changes and whether this change is correlated with the price changes of the same coin at other exchanges. Thus such bots can be fooled into excessive buying (or selling, as another option) when there is not enough liquidity in the orderbook at the opposite side, leaving their operators with losses. Sometime ago I even posted a chart where such event was as clear as day. Apparently, this can hardly be done directly by a human being, so we basically have some advanced bots parasitizing on simpler ones

[hello2future]

I've never tried a trading bot , I almost feel like it sounds too good to be true sometimes. I'm not sure how much value they'd actually generate.

[layoutph]

I think bot is good to recognized patterns to detect if it is a breakout, good to place a buy or sell a position. But for me thats the only role of a bot: to detect a position.
Casting a position is upto me. I dont want to make a bot to make decision for me.

[Vikingr]

I think bot is good to recognized patterns to detect if it is a breakout, good to place a buy or sell a position. But for me thats the only role of a bot: to detect a position.
Casting a position is upto me. I dont want to make a bot to make decision for me.

I think the starting of trade with bot is only for emergency case at the time when the trader will want for to catch a good timing for to buy or sell as people often in their break time lose a good chance of buying or selling their coins. So with bot they will have everything set up

[Sled]

As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people.

[SamsungBitcoin]

Me i do not used bot in trading because im the one who monitor my trade coins because now i am learning some easy patten on how to do manual trading and how it will works.
And i do not also trade in more altcoin i only trade with two or three because i do not take big risk for my investments.

[deisik]

As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people

In fact, it cuts both ways

If the bot has no bugs, has been properly tested, and correctly handles all possible combinations of erroneous conditions such as when the exchange starts sending incorrect data (e.g. when the lowest Ask price becomes lower than the highest Bid price in the orderbook), you can be pretty sure that there won't be "fat fingers" and you won't mistakenly place a sell order instead of a buy order, especially in a hurry (i.e. in cases when you should be particularly careful)

[Sniper44]

As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people

In fact, it cuts both ways

If the bot has no bugs, has been properly tested, and correctly handles all possible combinations of erroneous conditions such as when the exchange starts sending incorrect data (e.g. when the lowest Ask price becomes lower than the highest Bid price in the orderbook), you can be pretty sure that there won't be "fat fingers" and you won't mistakenly place a sell order instead of a buy order, especially in a hurry (i.e. in cases when you should be particularly careful)

i am no expert in trading but you don't have to be hurrying when trading at all. you can always plan ahead, buy at the price you want and sell where you want.

for example with litecoin i placed my buy orders around 0.0039-0.0043BTC and bought some since i speculated a rise and even made a topic here about it. and then placed some orders at 0.006-0.007BTC range and made some good profit the day of the rise. no rush or anything like that and all without a bot.

[deisik]

As an average type of trader. I don't use bot for trading because it makes me worry and uncomfortable when i fully let the bot do trades for me. I'm not used to get bots and let them work for me because i'm used to do manual trading which makes me enjoy trading and it is fun as usual for me because it challenges me everyday unlike in automatic trading, it just for lazy people

In fact, it cuts both ways

If the bot has no bugs, has been properly tested, and correctly handles all possible combinations of erroneous conditions such as when the exchange starts sending incorrect data (e.g. when the lowest Ask price becomes lower than the highest Bid price in the orderbook), you can be pretty sure that there won't be "fat fingers" and you won't mistakenly place a sell order instead of a buy order, especially in a hurry (i.e. in cases when you should be particularly careful)

i am no expert in trading but you don't have to be hurrying when trading at all. you can always plan ahead, buy at the price you want and sell where you want

I guess that's the key point

It is good and nice to be on the right of the trade ("placed my buy orders around 0.0039-0.0043BTC...  then placed some orders at 0.006-0.007BTC range and made some good profit"). Indeed, there is no hurry. But how much did you earn in absolute terms, a few satoshi? Now think that you bought some coin with half of your trading capital (or with all of it), and the price immediately started to crash with neither remorse nor reverse. Okay, at some exchanges you can add Stop-Limit orders (with the Stop part preventing you from inflicting heavy losses). Otherwise, you would convulsively try to close your long position in panic with your arms trembling, your armpits sweating, and your head spinning, so instead of hitting the Sell button you reflexively hit the Buy button and thus add to your losing position instead of closing it

[bitbunnny]

I have never used bot in trading. I simply don't have that much trust in something like this and leave the bot with my funds. There are also different bugs, viruses and similar stuff so I just rather do it by myself. And so far I haven't heard of any experiences where bot actualy helped in trading results.

[Sled]

I have never used bot in trading. I simply don't have that much trust in something like this and leave the bot with my funds. There are also different bugs, viruses and similar stuff so I just rather do it by myself. And so far I haven't heard of any experiences where bot actualy helped in trading results.

That's right there is a lot of bots available online but most of them are too malicious and they may contain viruses, malwares and different kind of things that can harm your computer. It is best to just stick with manual trading because it is not that hard to trade manually and it also helps us to become a smarter trader.

[wuvdoll]

No i do not use a bot when I'm trading because i think it's much safer if i trade instead using a bot. I think bots are less effective when i use it in trading, so it's better if i do the trading. And I'm always active so i will really do the trading.

There are some significant advantages of using bots, I like to suggest to check with them. Like bots are capable of analyzing markets round the clock. When we are sure about one trading bots, it will be equivalent to you got some employees to make money for you. But it will not be that much easier to have such bots, but just imagine how it will be good when your are having some people working for you  

There are few bots in market which will do 90% of your trading works automatically and only final decision will be yours. Once you decide and finalize, it will do the rest of 10% works to get you profits.

Theoretically I think a bot could work. Designing it would be difficult though. You would have to either have a complicated enough algorithm to deal with all the changes and different scenarios or only make it activated for a small subset of cases.

It does sound like an intriguing idea to me. I haven’t been able to make or use one but I think that would be an awesome idea. It would just take a very smart person to deal with all the variables there would be.

[Blackdeath]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

I do not consider on using bot on my trading. Actually your experience is what I thought to happened if I will use bot on my trading. So I doubted it. First If you are going to used bot it means that you  will not know if your trading is good or bad because in trading one should know the price in terms on choosing on buying or holding bitcoin. And if you do not now it you may lose rather than to earn. So I found out that the real key to a successful trading is to manage it by yourself and to work hard to earn. So until now I don't consider bot on trading and also do not suggest to other people on trying it. Because it just a huge gamble with a low probability to earn.

[Sled]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

I do not consider on using bot on my trading. Actually your experience is what I thought to happened if I will use bot on my trading. So I doubted it. First If you are going to used bot it means that you  will not know if your trading is good or bad because in trading one should know the price in terms on choosing on buying or holding bitcoin. And if you do not now it you may lose rather than to earn. So I found out that the real key to a successful trading is to manage it by yourself and to work hard to earn. So until now I don't consider bot on trading and also do not suggest to other people on trying it. Because it just a huge gamble with a low probability to earn.

That is actually true. Experience is the best teacher for us because it makes us smarter and to do better decision and also trading, if we don't have experience then we urgently need to get those requirement to earn knowledge and earn money when we already have knowledge. Bot are just for people who wants fast income but those people who stick in manual wants slow but bigger income that others.

[nodelover]

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

[phpartisanmaster]

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

I do not consider on using bot on my trading. Actually your experience is what I thought to happened if I will use bot on my trading. So I doubted it. First If you are going to used bot it means that you  will not know if your trading is good or bad because in trading one should know the price in terms on choosing on buying or holding bitcoin. And if you do not now it you may lose rather than to earn. So I found out that the real key to a successful trading is to manage it by yourself and to work hard to earn. So until now I don't consider bot on trading and also do not suggest to other people on trying it. Because it just a huge gamble with a low probability to earn.

That is actually true. Experience is the best teacher for us because it makes us smarter and to do better decision and also trading, if we don't have experience then we urgently need to get those requirement to earn knowledge and earn money when we already have knowledge. Bot are just for people who wants fast income but those people who stick in manual wants slow but bigger income that others.

I agree to that because if you keep using bots on trading then you will not learn, If you always lean on bots to earn profit then you will really not earn experience and you will not think of your own strategy to earn profit.

[aldrian09]

No I haven't tried using bot for trading, I do my trade on my own and I want it this way because I want to know more about trading and if I will use bot then I will not learn anything and will depend always with bot.

[Talenter]

Why should someone offer a bot if he can use it by himself?
Makes no sense.
Every strategy will fail, if there are to many users. 
Your best bot is between your ears and calls brain.

[tobs]

I have experienced bots personally, however they were more pissing me off, as they were used by other investors on an exchange that I have tried to profit trading on. They were automatically making bids, smaller/higher than the best one by literally cent or a dollar, making it impossible to sell any lower amount of particular coin. This strategy, means that the user actually knew what was doing. I think that well programmed bots could actually turn out to be more efficient than humans, if we take into the consideration the sole mathematical and analytical aspects.

[dinoloverpete]

I have never used a bot and do not have any intention of doing so, they're great for high frequency trading but this isn't really the market for that, I would also never use a bot unless I created it myself or someone I trusted created it.

[ricardobs]

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

I’m not really into making use of trade bots also, but I have a friend who makes use of it and he claims it makes good trade and profits for him, though I never believed that. He once showed me the trade that was made by his trade bots, that day was really perfect from what I see, but I don’t think things will really be rolling out that way everyday.

For me, it’s better you study your stock and learn everything you possibly need to know about trading, and then trade by yourself. If you also think trade bots are better, well, no one stops you, it’s all your choice, everyone has what works perfect for them.

[RealPhotoshoper]

Why should someone offer a bot if he can use it by himself?
Makes no sense.
Every strategy will fail, if there are to many users. 
Your best bot is between your ears and calls brain.

I won't say that is doesn't makes any sense , but it is not effective espevially if you did not know things such as coding . The market won't stay the same move up and down if you set a simple bot.
But it might have different story when you use a complicated bot such as the gunbot that made by gunthar , it has quite a lot people use it .
Don't know how the bot generates you profit but so far there is no overreaction on how the bot did not work nor how it gives them profit . Just make your own conclusion about that.

[taxmanmt5]

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

I’m not really into making use of trade bots also, but I have a friend who makes use of it and he claims it makes good trade and profits for him, though I never believed that. He once showed me the trade that was made by his trade bots, that day was really perfect from what I see, but I don’t think things will really be rolling out that way everyday.

For me, it’s better you study your stock and learn everything you possibly need to know about trading, and then trade by yourself. If you also think trade bots are better, well, no one stops you, it’s all your choice, everyone has what works perfect for them.

A trading bot works well for most of the people. I have seen many people earning with the bot in trading.

[Qunenin]

I don't use a bot for trading bitcoin. For me, it is better to monitor bitcoin price to maximize profit that fixed pattern used by a bot.

I’m not really into making use of trade bots also, but I have a friend who makes use of it and he claims it makes good trade and profits for him, though I never believed that. He once showed me the trade that was made by his trade bots, that day was really perfect from what I see, but I don’t think things will really be rolling out that way everyday.

For me, it’s better you study your stock and learn everything you possibly need to know about trading, and then trade by yourself. If you also think trade bots are better, well, no one stops you, it’s all your choice, everyone has what works perfect for them.

A trading bot works well for most of the people. I have seen many people earning with the bot in trading.

One must not forget that a bot is only a bot and not a human. There is always a risk on solely relaying on the bot, as anyone day an abnormal movement of the market might not be adjusted by the robot and you could lose all your on the wrong choice taken by your trading bot.

[dieselmeister]

I dont think you should use the bot for trading. Because trading is a game, if you can't do directly, it is very boring.

[dnsokoljuk]

No, I am do not use bot, because don't know how use it. I am watched on the course and placed orders: when price satisfied me - order will work automatically. I think - it usefull and practical

[bravetheheat]

Yes, I am a software engineer and I am planning to design trading robot, but I won't say I am designing a trading robot, since what I want to do is to design an automatical trading system, which may combine several hundreds independent algorithms and robust system that download trading information and utilize multiple market information.

[arunka71]

Take a look at ATP as an example.

What language do you want to use?

[wilwxk]

I never will use a bot to manage my trades, specially int the case of bitcoin, because the bot needs more caution than trade myself and if i need stability in my gains, the bot will gain something extremely low.

[JohnBitCo]

I dont think you should use the bot for trading. Because trading is a game, if you can't do directly, it is very boring.

Well, people use bot for trading as they might dont have time for trading or they thing their trading skills does not meet the requirements and they just trust on the bot. I did not have a good experience with the trading bot, so i will not recommed using it for trading. I would suggest to gain trading knowledge first and then trade yourself. It will be more secure i think.

[Cryptopher]

I dont think you should use the bot for trading. Because trading is a game, if you can't do directly, it is very boring.

Well, people use bot for trading as they might dont have time for trading or they thing their trading skills does not meet the requirements and they just trust on the bot. I did not have a good experience with the trading bot, so i will not recommed using it for trading. I would suggest to gain trading knowledge first and then trade yourself. It will be more secure i think.

I can't see myself ever using a bot to trade - you have to really understand the strategies before putting significant funds at the disposal of a bot. It may be worth testing out a bot with a small deposit of funds, but I'd agree in that understanding fundamentals of trading (particularly in crypto) is critical.

Bots taken from GitHub are often a big no-no. I've seen examples of others putting their trust in bots that they found online, and it ended terribly; perhaps they were just using it incorrectly.