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!

[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.