Who is writing robots for day trading here

[Anti-Cen]

I notice from watching trades on GDAX, Yobit and a few others exchanges that robots are doing the trading
and much of the movement of money seems to be buying when the spread is low, waiting for 1% rise/fall
and then selling/buying again to cover the 0.02% fees to milk a tiny profit.

All the big names have REST APIs so it's not hard to hook up code to trade like this on the exchanges
but I don't think they just wait to spot a hammer to buy so who's going to give me some nuts and bolts
about this and are you trading across exchanges because that looks like where the profit would be to me
however I don't know much about pitfalls in doing this.

Sure some day traders are watching the depths chart and going manual and us novices might place
a limit order from time to time but I suspect that 90% of trades is HFT from bots

[CrazyCraig]

I think most people use Gunbot or related.

[Anti-Cen]

I think most people use Gunbot or related.

Yes thanks and I think i have come across the name before

seems like they point a browser at a local service running on port 5000 but it would be easier to simply
run it as a chrome extension and it would be easy to read the bid and ask plus trades from the screen
or kick out to the REST API's to pull the data.

No need to know passwords this way and the user get a richer UI to play with

programming no trouble so you dump 10BTC on the exchange or 0.01 in my case as a buffer and you need
to keep selling and buying to edge up the poll based on near real time data but me being useless I would not
know when I should be buying or selling to profit from small movements in prices

I sort of get the little mouse eating up the sell orders where the action is happening and a wall of sell orders building
up in red that can move forwards and then gets eaten up by some staving bull if the price moves down but even so
I would not have a clue about should I be selling or buying

Maybe I can get some type of test account on an exchange to play with was I to develop something
but I think my granny would know better than me when it come to clicking the red or green button

Best regards
 

[stantpro]

Robots trading is always another concern in trading business.But the profit margin of only 1% appear
only as an experimental thinking except this improves to a worthwhile percentage profit to attract
huge patronage from around the world.Consistency might just be the answer to a better robot application.

[Tonyfredzy]

Seriously, it's crazy to sit by watching price change and then swing to action at such short fall or rise.
Anything other than that makes you a simple robot, no life away from keeping your eyes on the charts...and how many exchanges/currency interchange can a human possibly handle simultaneously?
Will like to know more about the bot thing as well but some day traders monitor price swing manually.

[vikashh]

looking for one ??

[Anti-Cen]

Seriously, it's crazy to sit by watching price change and then swing to action at such short fall or rise.
Anything other than that makes you a simple robot, no life away from keeping your eyes on the charts...and how many exchanges/currency interchange can a human possibly handle simultaneously?
Will like to know more about the bot thing as well but some day traders monitor price swing manually.

I agree but it would be fun writing something to beat the other bots, cyber wars if you like which
is just what we have anyway when it comes to Bitcoin mining but that is more of a CPU war that
was created from the original white paper from double agent : S-M

The exchanges are encouraging this if you ask me so its good if everyone at least knows
what they are up against when they play these slot-machines

[zorro_tolerant]

If you know typescript you may try to play with your own bot on https://cryptotrader.org/
There you can run back-tests on all markets out of the box. The only this you may want to pay is
already implemented solutions or deploying your own bot to production system

[buwaytress]

I've been watching the bot trading scene for several months now. Not seriously, more out of curiosity. I get the sense that it's working, to some extent, for a lot of traders, but they seem to still be required to spend significant time online daily, but the profits are significant - single sometimes double digits on monthly returns. Still not suitable for someone like me - I can't find enough hours in a week, let alone in a day.

One thing that's kept me at bay is that even for reputable bot software like Gunbot, you find a big market for people selling second-hand licenses. My thoughts are: if it works, why sell it, right? So perhaps it works but requires constant tweaking.

What's also interesting are the number of ICOs launching for automated crypto trading platforms, typically for people to trade strategies or rent out bots. I count perhaps five now including... three I can remember are Taklimakan, Peculium and Gimmer. If everything is automated, and everything works... then there's no market for losers except those who don't use the bots?

[CryptoView]

If you're searching for a much more affordable bot than Gunbot, you can look at ProfitTrailer at 0.03B
It monitors the evolution of BTC prices to activate or not trading and avoids some bags, and many other interesting features .
You also have Leonardo at 89$, quite interesting and easy bot.
And if you want to trade manually or generate their whitelist, you have cryptoview ;P

[livincoin]

If you're searching for a much more affordable bot than Gunbot, you can look at ProfitTrailer at 0.03B
It monitors the evolution of BTC prices to activate or not trading and avoids some bags, and many other interesting features .
You also have Leonardo at 89$, quite interesting and easy bot.
And if you want to trade manually or generate their whitelist, you have cryptoview ;P

thanks for tips! Which one would you recommend personally? Have you tried them all?
I tried Leonardo, didn't like it so much (probably need a bit more time for testing), so want to find something else. In any case, such bots can be useful, but as an add to the main activity, robots are robots..

[arunka71]

Work on tradebots for a few years now and it's still a lot of fun! 

If you have some coding skills, grab one of the libs and code away!

 

[zorro_tolerant]

Work on tradebots for a few years now and it's still a lot of fun! 

If you have some coding skills, grab one of the libs and code away!

 

Sorry, I am new here, where is the lab?

[arunka71]

Lab?

I was talking about trading libs, like:

https://github.com/timmolter/XChange

[CryptoView]

If you're searching for a much more affordable bot than Gunbot, you can look at ProfitTrailer at 0.03B
It monitors the evolution of BTC prices to activate or not trading and avoids some bags, and many other interesting features .
You also have Leonardo at 89$, quite interesting and easy bot.
And if you want to trade manually or generate their whitelist, you have cryptoview ;P

thanks for tips! Which one would you recommend personally? Have you tried them all?
I tried Leonardo, didn't like it so much (probably need a bit more time for testing), so want to find something else. In any case, such bots can be useful, but as an add to the main activity, robots are robots..

Results really mixed in July with Gunbot => resold (yes it is possible to resell your used license on the gunthy forum) and I have not retried with their plugin tradingview released since and who seems interesting to me.

Not tried Leonardo, a friend who uses it with profit it seems, but I have no specific information of its results (there mixed with manual trades and profittrailer results which I spoke to him).

I bought profittrailer in early November and was between + 1% to + 2% of my capital per day. It may seem a lot but, having spoken to my friends (already in the cryptos), they were able to achieve these percentages themselves.
Now, everything is about good settings, and who says good settings, says well understanding of what they do, so know how to read curves and do technical analysis.
In addition, you must continue to monitor the market and know when to stop the bot if you expect a huge fall or rise of the bitcoin, otherwise it can stings hard and, even if there are protections, you can quickly lose a week of gain. But overall it remains very positive and light years of a bank Smiley I always have friends who uses profit trailer. Personally, I paused it to trade manually with other tools (ours ), it's a little more stressful but otherwise faster.

I do not know anyone who uses haasonline, its functions seem interesting but the price is prohibitive.