Do you use a bot for trading?

[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.