Will it working?

[crypto-boy]

Hi,

I am not new in bitcoin but I am new in trading.. 

And I just want to ask people who have experience in trading:

If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.

So my bot will just buy or sell on price changing. Will it working???

I have ~1000 usd in BTC so I will start from this amount. I know that bitcoin changes price every minute so which is the best percent for changing? 10%, 1%

Give me the best formula for getting profit from price changing generally percents. Should it wait until bitcoin price will change a bit (for some cents) or for a few dollars?

Thanks in advance. I am new on it so please help me. 

[n691309]

There is nothing for sure that you will get profit or lose your bitcoins but I think that you should first calculate the exchange fee and estimate a small profit but I would think about cents because basically you will work only for the exchange.

[shinratensei_]

Using bot are not efficient, and that's can't for urgently taking any act for you. Look at the margin and get your standard price, I guess this need to be lower than the price of the current market.

The golden thing is patient, I doing it the in trading alt coin, if you can buying the bitcoin as you can see the alt price are got green. Bitcoin will get affect caused by the green alt, and you will get bitcoin at red, and that's the best timing for buying some, but looking at the statistic, I guess there is a little pump in next day. It needs a lot of

[bamboylee]

I have not used a bot before in trading. What I do is I set up the target for buys and sells. It will automatically execute if it hits that price. I think you should also consider the fees when you make the calculations on setting up your bot.

[Oilacris]

Hi,

I am not new in bitcoin but I am new in trading.. 

And I just want to ask people who have experience in trading:

If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.

So my bot will just buy or sell on price changing. Will it working???

I have ~1000 usd in BTC so I will start from this amount. I know that bitcoin changes price every minute so which is the best percent for changing? 10%, 1%

Give me the best formula for getting profit from price changing generally percents. Should it wait until bitcoin price will change a bit (for some cents) or for a few dollars?

Thanks in advance. I am new on it so please help me. 

Trading bots are not bad hence they  would really help you  to automated  trading but its  much  better to make  manual  trading   rather  than  on automatic because   you would surely  learn  up things  especially on bitcoins price. As  you trade for  long you  would really  understand  it, YOu  have  enough  amount on starting  trading to bitcoin  but  price  doesnt  move that fast  on daily basis sometimes it  takes  weeks or months  it really depends on the  movement  of  bitcoins price.

[clickerz]

I did not try to used a bot also but I believe that from time to time you should monitor also.How about if traders are already dumping? Sometimes other trader are simply made a trick on bot, if the bot is active, they can put simply a price higher that will bot will buy a coin,just to get rid of it.  

[Zadicar]

I did not try to used a bot also but I believe that from time to time you should monitor also.How about if traders are already dumping? Sometimes other trader are simply made a trick on bot, if the bot is active, they can put simply a price higher that will bot will buy a coin,just to get rid of it.  

Agree,  better to  make  manual trading so that  you could always see your trades   because there are  circumtances  that  bots  cant   comprehend and  cant  make such decisions. Bot   can really be trick  especially by those  experienced   traders  thats why  we should  not  fully rely on it.

[pooya87]

~~
If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.
~~

you are not considering the most important thing, ask yourself these:
- Will price go down -10 cents or will it go down -10 dollars
- or will it go up and never go down
- and what if it went down -10 cents and never went up +20 cents

trading is not as easy as you may think. you should buy when you think it is going to go up not at current price -10 cent or whatever!

[Caladonian]

~~
If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.
~~

you are not considering the most important thing, ask yourself these:
- Will price go down -10 cents or will it go down -10 dollars
- or will it go up and never go down
- and what if it went down -10 cents and never went up +20 cents

trading is not as easy as you may think. you should buy when you think it is going to go up not at current price -10 cent or whatever!

that's right there's a lots of things that is needed to consider mate bot will help but your main experience needs first master the manual trading before you use the bot in that way you will be more familiar with certain movement and you will able to know reason why you need to go in and why you need to go out its the basic principle since we are dealing with our money.

[Wind_FURY]

OP if you want to build a high frequency trading bot but have no idea what you are doing, then I would suggest not to pursue it unless you meet someone who does know what to do. But people tend to be secretive about their trading methods because if they show it to someone that would risk it to spread and follow it making the strategy not as effective anymore. Trusting someone to give you the right information outright is also a bad idea. Most of the traders, especially in the Bitcoin scene are mostly greedy bastards.

[Dank14]

I have not used a bot before in trading. What I do is I set up the target for buys and sells. It will automatically execute if it hits that price. I think you should also consider the fees when you make the calculations on setting up your bot.

Trading fees of ~0.2% is not going to have a significant impact on your profits.

[capoeira]

Will it working???

don't ask us, backtest it

[yakdivine]

There is nothing for sure that you will get profit or lose your bitcoins but I think that you should first calculate the exchange fee and estimate a small profit but I would think about cents because basically you will work only for the exchange.

If you are looking for a little profit from exchange or you what to arbitrage I think you have to read this "Arbitrage serves an important function in the Bitcoin economy. Thanks to the individuals and automated bots that actively look for price differences between the various Bitcoin exchanges and buy from one and sell to another if the price disparity ever becomes high enough for the transaction to be worth it, people who are buying or selling BTC for their own use can rest assured that they are paying roughly the same price no matter which exchange they go to. Arbitrage also promotes competition among exchanges; if the only people trading on exchanges were those who were actually seeking to convert their money from one currency to the other, there would not be enough volume on the smaller exchange to sustain them, and it would be very difficult for new entrants to gather up enough momentum to survive".

[X-ray]

keep in mind if you're using bot set the margin between buy and seel far above the amount which will be deducted few percents for every transaction in the market fee,if the bot could finely running then it's will working,and any technical problem on the bot is on you to check it

[Red-Apple]

it will only work if bitcoin price (or any other thing that you want to trade) always stays between two fixed top and bottom price forever, and we all know that is not true!

try to decide on the prices yourself and use your bot only to watch for stop-loss and execution of orders not making them itself.

[rik3]

Hi,

I am not new in bitcoin but I am new in trading.. 

And I just want to ask people who have experience in trading:

If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.

So my bot will just buy or sell on price changing. Will it working???

I have ~1000 usd in BTC so I will start from this amount. I know that bitcoin changes price every minute so which is the best percent for changing? 10%, 1%

Give me the best formula for getting profit from price changing generally percents. Should it wait until bitcoin price will change a bit (for some cents) or for a few dollars?

Thanks in advance. I am new on it so please help me. 

I Suggest You to Don't Use Any Bots Fir Trading Because it is illegal By All the Trading site and If you Caught Using a Not then your Trading Account Can be Blocked Permanently By the Trading Website......
I Prefer You to Choose to do Trading Personally Because it will Give You Knowledge and Experience about Trading and You can't Got Blocked By any Site.....

[streazight]

In my experience bot will not trade better than what you could do manually. Furthermore, all strategies will not work all the time, you need to adjust/determine strategies time to time. It will be possible only with manual trading, for the same reasons bots do fail more frequently.

[StarofBTC]

In my experience bot will not trade better than what you could do manually. Furthermore, all strategies will not work all the time, you need to adjust/determine strategies time to time. It will be possible only with manual trading, for the same reasons bots do fail more frequently.

True. Against different market fluctuations most of the bots will not work well. They are simply based on some preset values and codes, when completely new things happen, a bot will not cope up that. Usually all the markets are known for different conditions for different days, so in my opinion too manual trading only will work for a successful trading.

[wxa7115]

Hi,

I am not new in bitcoin but I am new in trading.. 

And I just want to ask people who have experience in trading:

If I will make bitstamp.net bot which will automatically sell/buy BTC on price changing for example: if bitcoin price change on -10 cents - BUY and then wait until it +20 cents in price and SELL.

So my bot will just buy or sell on price changing. Will it working???

I have ~1000 usd in BTC so I will start from this amount. I know that bitcoin changes price every minute so which is the best percent for changing? 10%, 1%

Give me the best formula for getting profit from price changing generally percents. Should it wait until bitcoin price will change a bit (for some cents) or for a few dollars?

Thanks in advance. I am new on it so please help me. 

Creating such a bot is not difficult but my opinion is that you need to learn how to trade yourself and then and only then create a bot that simulates your decision making, assuming you are good enough to make money while trading BTC.

[toy4lov3rs]

In my experience bot will not trade better than what you could do manually. Furthermore, all strategies will not work all the time, you need to adjust/determine strategies time to time. It will be possible only with manual trading, for the same reasons bots do fail more frequently.

True. Against different market fluctuations most of the bots will not work well. They are simply based on some preset values and codes, when completely new things happen, a bot will not cope up that. Usually all the markets are known for different conditions for different days, so in my opinion too manual trading only will work for a successful trading.

Though it is true that manual trading is more effective, automated can have it's perks. For example manual trading requires your attention and your attention requires you to be awake. What I'm trying to get at is a well set up bot can stimulate your overall growth by giving you small gains during what would normally be stagnant time. Sure it is not as effective as previous posters have brought up already, but after a rough day of trading, it can be nice to appreciate small growth after a long nights rest.