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hope4me
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November 02, 2013, 09:10:08 AM |
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Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Just dont care about these bot orders, they keep puting 0.0000001 BTC higher then your selling price but the selling amount is insignificant |
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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krach
Legendary
 Offline
Activity: 1851
Merit: 1020
Get Rekt
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November 02, 2013, 09:39:35 AM |
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"and what is this "trade signal"?"
Well it could be almost anything depending on the bot.
For exampe the "price" could be the signal.
Price = X --> Buy "set ammount"
Price = Y --> Sell "set ammount"
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Jabbatheslutt
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November 03, 2013, 08:47:43 AM |
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You can't really ban some of them cause they look real
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dddbtc
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November 09, 2013, 06:51:30 PM |
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Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Anyone who is serious about trading securities or bitcoins themselves should be able to spot stupid traps like that and understand how to not fall victim to them. Look at the order book. Remember: There is always someone content at selling at a lower price than you |
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Eobot
Newbie
Offline
Activity: 26
Merit: 0
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November 09, 2013, 10:17:36 PM |
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No!
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mrhelpful
Legendary
Offline
Activity: 1456
Merit: 1002
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November 10, 2013, 12:25:04 AM |
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To be honest, I never knew there was a trading bot til now.  |
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zvs
Legendary
Offline
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
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November 10, 2013, 10:22:46 AM |
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Easy way to limit them would be to charge a fee for placing limit orders
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waltermot321
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November 10, 2013, 10:46:49 AM |
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Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Just dont care about these bot orders, they keep puting 0.0000001 BTC higher then your selling price but the selling amount is insignificant Well the problem is because their selling amount is significant |
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LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
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November 10, 2013, 02:24:24 PM |
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You shall learn that there trading bots everywhere, buying and selling oil, metals or currencies. Unfortunately, there is just no way to ban them. Often, you can't even tell they're bots.
yep, exactly. the complete NYSE is full of bots... |
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Corenin
Legendary
Offline
Activity: 1008
Merit: 1000
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November 10, 2013, 03:10:08 PM |
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Yes, ban those trading bot please..
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QuantPlus
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November 10, 2013, 07:58:12 PM |
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HFT programs help maintain liquidity in the exchanges. You stripped them away, you get more unstable prices.
Very few people understand how HFT works. Your typical exchange or ECN has 300 order types (NYSE, NASDAQ, etc)... And there are only 2-3 Special Orders that matter to HFT... The ones that put you straight to the front on the line. If you pay the exchange large fees... You get access to these Special Orders. Therefore, HFT is just a massive scam by Wall Street to swindle the Middle Class. http://www.risk.net/risk-magazine/feature/2261626/exchange-order-types-prompt-fears-of-hft-conspiracy |
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grv
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November 10, 2013, 09:59:07 PM |
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Far from normal. Easy to ban, just limit orders in API.
there are many more ways of dealing with bots + set minimum allowed amount of single order equal to 10 or 100 usd (to get rid of all that 0.000001 junk and chump change "orders"). such a waste of resources (all those unnecessary connections to servers) + set limit 1 order per account per 10 minutes etc |
tips will be spent on ale and ladies of questionable character 
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itod
Legendary
Offline
Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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November 10, 2013, 11:23:39 PM |
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HFT programs help maintain liquidity in the exchanges. You stripped them away, you get more unstable prices.
Very few people understand how HFT works. Your typical exchange or ECN has 300 order types (NYSE, NASDAQ, etc)... And there are only 2-3 Special Orders that matter to HFT... The ones that put you straight to the front on the line. If you pay the exchange large fees... You get access to these Special Orders. Therefore, HFT is just a massive scam by Wall Street to swindle the Middle Class. http://www.risk.net/risk-magazine/feature/2261626/exchange-order-types-prompt-fears-of-hft-conspiracyIs there a way to get more insight into this without having to pay for the content? Edit: or giving away massive amount of personal info? |
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TheButterZone
Legendary
Offline
Activity: 3052
Merit: 1031
RIP Mommy
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November 11, 2013, 01:45:13 AM |
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Bot only exchange, human only exchange.
P.S. Any exchange that at any point has more lag than NYSE et al, is a disgrace.
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Saying that you don't trust someone because of their behavior is completely valid.
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QuantPlus
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November 11, 2013, 02:12:21 PM |
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HFT programs help maintain liquidity in the exchanges. You stripped them away, you get more unstable prices.
Very few people understand how HFT works. Your typical exchange or ECN has 300 order types (NYSE, NASDAQ, etc)... And there are only 2-3 Special Orders that matter to HFT... The ones that put you straight to the front on the line. If you pay the exchange large fees... You get access to these Special Orders. Therefore, HFT is just a massive scam by Wall Street to swindle the Middle Class. http://www.risk.net/risk-magazine/feature/2261626/exchange-order-types-prompt-fears-of-hft-conspiracyIs there a way to get more insight into this without having to pay for the content? Edit: or giving away massive amount of personal info? You probably have to be an "institution" that does business on the Exchange Level... Such as an Exchange Member, bank, Broker-Dealer, Hedge Fund, etc... |
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worldinacoin
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November 13, 2013, 04:36:35 AM |
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Nowadays even shares, forex etc are all using trading bots, how do you ban it? It will only get more and more popular.
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lindatess
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November 14, 2013, 11:33:39 AM |
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No, because they provide liquidity as well as exacerbating bubbles and busts.
As long as you aren't speculating, the extra liquidity is good for us using it as a temporary exchange medium..
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Johanna
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November 15, 2013, 09:09:25 AM |
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Ban please, they are really annoying.....
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Rupture
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November 15, 2013, 11:23:00 PM |
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I don't think it's possible to get rid of bots entirely.
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hevers1981
Newbie
Offline
Activity: 12
Merit: 0
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July 02, 2014, 12:30:06 AM |
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I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers.
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