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Author Topic: mtgox bots  (Read 2371 times)
charliesheen
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July 17, 2011, 12:58:12 AM
 #1

does anyone have any good mtgox bots?

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Meatpile
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July 17, 2011, 02:10:42 AM
 #2

If i made one, it would definitely take all the lazy ass speculators dumb enough to install its capital and use that to create stability no matter the cost.

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July 17, 2011, 02:24:53 AM
 #3

For the time being the market it's too simple to make any bots...
Leon
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July 17, 2011, 02:26:14 AM
 #4

For the time being the market it's too simple to make any bots...
Actually they already exist.

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myhoho
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July 17, 2011, 02:28:43 AM
 #5

thanks for letting me know   Tongue, but they are still useless
elk-tamer
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July 17, 2011, 02:29:27 AM
 #6

I have all the pieces for one done in java, but I don't have the patience to deal with usd. Do you have logic you want to run?
charliesheen
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July 17, 2011, 02:41:34 AM
 #7

i built one in php, it buys and sells alternatingly for a lesser and greater amount then the previous one plus fees. I made $.25 last night. I re implemented it 3 times today with different gox acccounts today.

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July 17, 2011, 04:51:52 AM
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thanks for letting me know   Tongue, but they are still useless

They are hardly useless, more so if you have one of those mtgox accounts with no fees, they can just buy/sell 24/7 even if its making pennies each buy/sell since mtgox charges them no fees.

This is one big reason the prices are a lot more stables than they should actually be. After the 27th these free fees will go away, and I think the fees will actually be higher, I could have heard wrong though.

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Valalvax
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July 17, 2011, 04:54:45 AM
 #9

thanks for letting me know   Tongue, but they are still useless

They are hardly useless, more so if you have one of those mtgox accounts with no fees, they can just buy/sell 24/7 even if its making pennies each buy/sell since mtgox charges them no fees.

This is one big reason the prices are a lot more stables than they should actually be. After the 27th these free fees will go away, and I think the fees will actually be higher, I could have heard wrong though.

Some accounts have 0.00%

The rest have 0.3(?)%

The 27th everyone will be at 0.3(?)%

After that it's back to the old percentage
bearbones
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July 17, 2011, 04:57:14 AM
 #10

I have a python bot that trades on both tradehill and mtgox. It is certainly not useless, unless you have no use for profit.

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bitcoinTrader
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July 17, 2011, 07:26:38 AM
 #11

I am currently in the process of building one in java.

Once coding is done, I will design a GUI for it Smiley

pdki
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July 17, 2011, 10:14:41 AM
 #12

The question for a bot is: what shall it do? Volatility is low, by just buying and selling within a range you will barely make profit. For longer term strategies, you don't need a bot, but a concept how to predict what the market will do.
bitcoinTrader
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July 17, 2011, 10:16:26 AM
 #13

It depends on how you implement the bot (buying/selling).

pdki
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July 17, 2011, 11:15:38 AM
 #14

With fees of 0.65% you need ~15ct trading margin just to recover the fees. There were not many occasions in the last days where you could pull a profit.

To convince me it is still possible, how much has anybody here earned during the last week with a bot? You don't need to tell how you did it ;-)
bitcoinTrader
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July 17, 2011, 11:18:36 AM
 #15

I will let you know when my bot starts trading and making profits (hopefully)  Smiley

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