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Author Topic: IS there a way to sequentialy placestopselllimit orders then limit buy then stop  (Read 31 times)
beamin (OP)
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January 31, 2021, 06:26:51 AM
 #1

My strategy and hypothetical scenario is this:

I think that over night while Im sleeping 9:00pm (I go to bed with BTC at 24$k) bitcoin is going to go down $1k($23k) then bounce back $1k($24k) then go down $1 k(23$K) then go back up to $24k by the AM sometime.
Lets imagine that happens exactly.

Is there a way using coinbase pro to:
1. put in a buy limit order for 1BTC when it hits 23k, the order executes
2. put in a stop sell limit order for 1 btc when it hits 24k the order executes
3, put in a buy limit order for 1 btc when it hits 23k the order executes
4.  put in a stop sell limit order for 1 btc when it hits 24k the order executes

Assuming I did my speculation is right I would have just made as much money as if I had stayed up all night watching it manually, which I have been doing and getting burnt out as much fun it is to make money off the volatility.

That would be like a real life trading bot and you could add even more orders with smaller amounts in case it goes to 990$ instead of 1K$ missing a whole order. I tried to find out how to do this on youtube/google to no success so im consulting the experts.
odolvlobo
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January 31, 2021, 08:46:41 AM
 #2

That's what bots are for.

There are a few problems with your idea. One is that you have multiple orders at the same prices. I suppose maybe you can do that. Also, you have 2 sell orders for 1 BTC so you will need to have 2 BTC in your account, and you have to 2 by orders for $23k, so you will need $46k in your account.

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SamReomo
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January 31, 2021, 03:17:18 PM
 #3

My strategy and hypothetical scenario is this:

I think that over night while Im sleeping 9:00pm (I go to bed with BTC at 24$k) bitcoin is going to go down $1k($23k) then bounce back $1k($24k) then go down $1 k(23$K) then go back up to $24k by the AM sometime.
Lets imagine that happens exactly.

Is there a way using coinbase pro to:
1. put in a buy limit order for 1BTC when it hits 23k, the order executes
2. put in a stop sell limit order for 1 btc when it hits 24k the order executes
3, put in a buy limit order for 1 btc when it hits 23k the order executes
4.  put in a stop sell limit order for 1 btc when it hits 24k the order executes

Assuming I did my speculation is right I would have just made as much money as if I had stayed up all night watching it manually, which I have been doing and getting burnt out as much fun it is to make money off the volatility.

That would be like a real life trading bot and you could add even more orders with smaller amounts in case it goes to 990$ instead of 1K$ missing a whole order. I tried to find out how to do this on youtube/google to no success so im consulting the experts.
I think every bot out there does that. If you want your own software bot to do that then you will definitely need to spend huge amounts of cash on a freelance bot programmer who can do that manually for you. If you know coding yourself then you can create one your own self. Just watching some free videos on Youtube or some articles on Google won't help you with that.

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beamin (OP)
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January 31, 2021, 05:56:17 PM
 #4

My strategy and hypothetical scenario is this:

I think that over night while Im sleeping 9:00pm (I go to bed with BTC at 24$k) bitcoin is going to go down $1k($23k) then bounce back $1k($24k) then go down $1 k(23$K) then go back up to $24k by the AM sometime.
Lets imagine that happens exactly.

Is there a way using coinbase pro to:
1. put in a buy limit order for 1BTC when it hits 23k, the order executes
2. put in a stop sell limit order for 1 btc when it hits 24k the order executes
3, put in a buy limit order for 1 btc when it hits 23k the order executes
4.  put in a stop sell limit order for 1 btc when it hits 24k the order executes

Assuming I did my speculation is right I would have just made as much money as if I had stayed up all night watching it manually, which I have been doing and getting burnt out as much fun it is to make money off the volatility.

That would be like a real life trading bot and you could add even more orders with smaller amounts in case it goes to 990$ instead of 1K$ missing a whole order. I tried to find out how to do this on youtube/google to no success so im consulting the experts.
I think every bot out there does that. If you want your own software bot to do that then you will definitely need to spend huge amounts of cash on a freelance bot programmer who can do that manually for you. If you know coding yourself then you can create one your own self. Just watching some free videos on Youtube or some articles on Google won't help you with that.

So there is no way to do this for the amature. The most code I know is to kind of program an arduino which is C programing language. What language would you create a bot in html or some web based program? They dont sell bots that you can program like through an API like coinigy? I have $11,000 in coinbase/coinbase pro that I'm trading with. Right now half is in usd because I want to lock in my profits until I see another big up swing. Im by no means a whale, Im actually on social security disabled and trying to find a source of income since I physically cant work or drive anymore. I went from 5k to 11k in the last few months mainly beginners luck. Just sucks staying up all night trying to find the best time to buy and sell.

Unlike 2017 the good youtube channels are gone.
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