Bitcoin Forum
November 29, 2022, 04:53:10 AM *
News: Reminder: do not keep your money in online accounts
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: bitstamp bot  (Read 1934 times)
Kj1 (OP)
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 26, 2013, 09:49:51 AM
 #1

hey all,

i'm having this stupid trading strategy:
- when price is +- stable over 1h (jumping around in a 1% price range)
- buy 1% below price, immediate sell 1% above price. Actually i'm more looking at the market depth at these percentages (eg when there is a wall at -0.91% i place buy order at -0.9% and a sell at +0.5 or so).  It works quite well when done by hand, but it does not maximize profit.
- Additional rule to minimize loss: when bought at -0.9%, and price goes below -0.5%, sell at -0.5% (buy + 2x fee).
- Retry.

So basically I'm just riding the waves of the bigger buys & sells. It thus only works with low volume. 

My question:
- I'd like to automate this process, on bitstamp (low fee of 0.2% -> in the above example i'd have a profit of 1%). 
- Advice on how to simulate the potential profit/loss over the previous 5 months?

Any suggestions to a trading platform that could automate this, or should I just do it myself in python or sth?  I dont want to reinvent the wheel if not needed.

tnx!

PS I know nothing about trading terms and complicated strategies Cheesy

1669697590
Hero Member
*
Offline Offline

Posts: 1669697590

View Profile Personal Message (Offline)

Ignore
1669697590
Reply with quote  #2

1669697590
Report to moderator
1669697590
Hero Member
*
Offline Offline

Posts: 1669697590

View Profile Personal Message (Offline)

Ignore
1669697590
Reply with quote  #2

1669697590
Report to moderator
1669697590
Hero Member
*
Offline Offline

Posts: 1669697590

View Profile Personal Message (Offline)

Ignore
1669697590
Reply with quote  #2

1669697590
Report to moderator
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1669697590
Hero Member
*
Offline Offline

Posts: 1669697590

View Profile Personal Message (Offline)

Ignore
1669697590
Reply with quote  #2

1669697590
Report to moderator
marcovaldo
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250



View Profile
August 26, 2013, 11:07:18 AM
 #2

And how do you deal with big move?

For instance if you open an order in one extremity of the range, and suddenly the price goes in the wrong direction by 2 - 3 or 5 %?
Will you keep your position open? Will you close it and limit your losses?


It might work for weeks, if the price stays in a range, but you only need 1 wrong move to lose everything you have...


Not to mention that past performance does not prove anything for future.

BITEX
            ███     ███     ███
              ███     ███     ███
                ███     ███     ███
                  ███     ███     ███
                    ███     ███     ███
                      ███     ███     ███
                        ███     ███     ███
                          ███     ███     ███
                            ███     ███     ███
                              ███     ███     ███
                            ███     ███     ███
                          ███     ███     ███
                        ███     ███     ███
                      ███     ███     ███
                    ███     ███     ███
                  ███     ███     ███
                ███     ███     ███
              ███     ███     ███
            ███     ███     ███

The First Locally-Embedded, Yet Global, Crypto-Bank
TELEGRAM    FACEBOOK   TWITTER    YOUTUBE    LINE

                  ███     ███     ███
                ███     ███     ███
              ███     ███     ███
            ███     ███     ███
          ███     ███     ███
        ███     ███     ███
      ███     ███     ███
    ███     ███     ███
  ███     ███     ███
███     ███     ███
  ███     ███     ███
    ███     ███     ███
      ███     ███     ███
        ███     ███     ███
          ███     ███     ███
            ███     ███     ███
              ███     ███     ███
               ███     ███     ███
                 ███     ███     ███

WHITEPAPER | ANN
JOIN WHITELIST NOW!
Kj1 (OP)
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 26, 2013, 11:23:10 AM
 #3

Thanks for the thoughts - not sure yet Smiley I know that things can go wrong and i'll lose.  Its part of the game.

But the strategy is kinda beside the point; i'm looking for a place where I can experiment/simulate/edit such strategies/rules; then once i'm satisfied i'd let it run for some time.  By then i'd have come in contact with the situations you describe; i'll try to fix them as I go.

I'd think about https://rtbtc.com/; not sure if it supports the rules i'd want, and its gox only - but I prefer bitstamp. 
I'm not falling for the gox trap;  and risk getting my funds stuck for the 10% jumpstart Cheesy

Any alternatives?

Odalv
Legendary
*
Offline Offline

Activity: 1400
Merit: 1000



View Profile
August 26, 2013, 12:43:10 PM
 #4

Thanks for the thoughts - not sure yet Smiley I know that things can go wrong and i'll lose.  Its part of the game.

But the strategy is kinda beside the point; i'm looking for a place where I can experiment/simulate/edit such strategies/rules; then once i'm satisfied i'd let it run for some time.  By then i'd have come in contact with the situations you describe; i'll try to fix them as I go.

I'd think about https://rtbtc.com/; not sure if it supports the rules i'd want, and its gox only - but I prefer bitstamp. 
I'm not falling for the gox trap;  and risk getting my funds stuck for the 10% jumpstart Cheesy

Any alternatives?

try

https://cryptotrader.org/
Kj1 (OP)
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 26, 2013, 04:40:45 PM
 #5

awesome, thanks!  Its not bitstamp but very good to try strategies.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!