Wow, there is a lot more interest that I would have imagined
So yeah, obviously I can't share too much information about my bots, but I would be happy to talk about general problems one can encounter with bots.
I started making it mid January, after noticing that my trading strategies were profitable. The only problem is that I couldn't stay in front of the market all the time (I need to work and sleep also :p). At first I was only letting the bot run under my supervision.
The hardest moment was to let it work during a full night without looking, but then in the morning everything went fine and I'm pretty confident now.
I'm always working on it, but I'm now really close to the definitive version. Overtime I corrected a lot of bugs and coded little features, to avoid trading when I have the suspicion that someone would be manipulating the markets to take advantage of the bot's strategy.
Every serious trader is using own bots, or at least this is my logic. I have a dozen, for almost every popular exchange.
We can't comment much on your bot as you gave us a single profit graph. But TBH I would't disclose what my bots are doing either. Anyway, good luck - making bots and automating stuff is the right path to more profits and more free time.
Cool I'm not alone! Although you look more advanced than I am. How long have you been using trading bots on the crypto markets?
So to answer questions:
overall, congratulations for what you have achieved but I think you need to disclose a lot of more specific details: does it short? does it market buy? what's the underlying algorithm? have you back tested it? are you confident it would never fail? what are the exact markets you've used it on so far? any idea to make it more safe/successful?
It doesn't short (this is a problem on the markets i'm working on because as I said, it means I need a little bag of the altcoin to be able to trade in both ways and it makes it relatively sensible to the market fluctuation)
It can market buy if a person puts an order that is really off my market range.
I won't share the algorithm
I cannot back test it as I'm creating and taking orders that wouldn't be there if I didn't put my bot on the market.
It can actually fail, and it has, but the idea is to use it on different altcoins and on a larger time period so that on average, it's never failing to make profits (for the moment)
I already tried some stuff to make it less sensible to market fluctuation (check the graph, on the weekend of the 5-6 of march, I wasn't home and I let it run with the objective of keeping the minimum amount of altcoins, but it was not efficient at all, so I went back to the old method)
interesting to know this .
but still i believe on manual trading bcoz strategy may change any time in such markets as waves fails many times .
so strategy is always dynamic .
I don't like manual trading, because if you have strategy that is not based on emotions, just on market analysis, it means you can make a procedure out of it and then code it. My bot is relatively dynamic, as it can understand trends and stop buying thousands of a dropping coin.
It's easy to manipulate bots with fake offers though, Using a bot could backfire BIG time.
Yes exactly, I've coded some specific conditions to stop any trading if I have the slightest doubt about market manipulation. I talked with an algorithmic trader on the stock markets that told me about stories of manipulation.
It's hard to comment on your bot, since the algorithm is not known. You talk about liquidity for the ability to trade a large volume. It should be noted that with an increase in market liquidity, the algorithm may change. Do you consider this?
Yep if the liquidity increases too much and the spreads are reduced to nothing, this current bot won't be able to earn so much. It's just coded to stop trade on any too liquid altcoin. I have the project of making another type of bots for really liquids markets (like USD BTC) but it will take some time to finish it.
How long has it been since you started programming this?
Which version is it?
Planning about releasing it or not?
Since which version can you see some solid profits?
I started programming mid January.
There is no version number, I make improvements everyday
I don't think I can release it, if it worked against itself, it would create a price war and reduce the profits drastically.
I'm making profits since the beginning, as it's just the formalization of a manual strategy I had.
