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March 18, 2014, 10:38:30 PM |
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Hello Bitcointalk people,
I have been searching for a bot/script for with the ability to sell&buy at specific prices to make a profit during relative flat markets. E.g:
When the price of BTC/USD is 600 that a bot can set up the following trades:
Buy 1 btc @ 585
Buy 1 btc @ 595
Sell 1 btc @ 605
Sell 1 btc @ 615
For my strategy to work a bot should be able to place a Buy order once a Sell order has been filled at a higher level (e.g. 1 btc bought @ 595 place --> 1 btc Sell order @ 605). And it should do the same thing for filled Sell orders (= placing a lower buy order).
This strategy could be profitable if:
- Each trade earns more then paid in fees and;
- Enough trades made during the time that prices are within my range of buy/sell orders.
With an automacted system during relative flat period, this strategy could work. However after searching a bit on bitcointalk/github/google, I haven't found any bot for this.
Anyone aware of a, preferably open source and free, bot that is capable of executing a strategy like this? Or can point me to resources have to build one myself (e.g. how should a bot interact with the API instruction/how to interper data send by API/ how to send instructions back to API)?
Would love it, as newb here, to get some help further directions!
Happy trade,
Btceing
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