Trading Bot to accumulate specific Coin - needed

[thetacard]

Hi

Are there any suggestions for a trading bot, preferably something that can work with Binance, that would be able to increase the amount of coins that im holding.
eg: ltc/btc
* Increase ltc holdings
* Sell ltc, then automatically buy back up at a slightly lower price, and just keep repeating this.

Thanks in advance

[mk4]

You can use open source trading bots such as Gekko[1].

If you think setting it up is just as easy as setting it to "sell high and buy low", turn it on and it would increase your crypto holdings continuously forever, then no. To take advantage of trading bots you're going to need a lot of prior trading knowledge and experience.

[1] https://gekko.wizb.it/

[Lakai01]

If you think setting it up is just as easy as setting it to "sell high and buy low", turn it on and it would increase your crypto holdings continuously forever, then no. To take advantage of trading bots you're going to need a lot of prior trading knowledge and experience.

This is exactly the same mistake I made as a newbie. I assumed that I would just run the bot and I would be rich. The whole thing ended with a loss of 0.01 BTC ...

@OP
If it were that simple, everyone would already be rich. A bot is only there to execute your strategy automatically, nothing more, nothing less. If your strategy is bad, so is the bot. A "make me rich" button unfortunately does not exist even with bots!

[thetacard]

Thanks for the responses, much appreciated

My strategy that im doing manually on Binance is to sell at current or slightly higher than spot. Then i put an order in at a few points lower, which normally gives me a small return.
I am doing this in small increments as with the fluctuations, it normally fills my order pretty quickly, as i try to keep it in that small movement area which is up and down constantly.
I obviously watch for that push and then close and start again.

My idea is to automate a bot to do this, but would be prepared to pay for something like this as well.

I know its not a guaranteed strategy, but i think with some close monitoring it could have some potential.

I just find that having to do it manually takes a lot of focus trying to set these small orders, but it has given me some, albeit a small return, but anything in the positive is good

[mk4]

Thanks for the responses, much appreciated

My strategy that im doing manually on Binance is to sell at current or slightly higher than spot. Then i put an order in at a few points lower, which normally gives me a small return.
I am doing this in small increments as with the fluctuations, it normally fills my order pretty quickly, as i try to keep it in that small movement area which is up and down constantly.
I obviously watch for that push and then close and start again.

My idea is to automate a bot to do this, but would be prepared to pay for something like this as well.

I know its not a guaranteed strategy, but i think with some close monitoring it could have some potential.

I just find that having to do it manually takes a lot of focus trying to set these small orders, but it has given me some, albeit a small return, but anything in the positive is good

No comment on your trading strategy but if you don't know how to code and are willing to pay, I suggest posting a hiring thread on the Goods > Services[1] section and look for a decent coder to modify Gekko[2] for you(or maybe just hire a developer in your local area). Assuming that's your only strategy then I don't think you need to pay top dollar for this.

[1] https://bitcointalk.org/index.php?board=52.0
[2] https://gekko.wizb.it/

[thetacard]

Thanks for the direction mk4, much appreciated

[BitMaxz]

The Zenbot trading bot is another alternative for Gekko, but they both need some coding skills and technical skills for creating strategies.

If you want a trading bot that doesn't need coding you can try other trading bots like GunBot or 3commas or if you are looking for a big list of trading bots you can check this link below.

-  [BIG LIST] Crypto Trading Bots

[Ryker1]

Well, speaking of trading bots, and prefer to use Gunbot which is an older trustworthy --easy interface to use and set up.
You have a wrong interpretation in trading bot, they are not a tool that to make more coins on their own, they are just a tool that can able to execute the activity on behalf of your command, without your command setting the bot will not work and without your knowledge, the trading bot will not work also. There are too many risks using the trading bot and you should know this before using them.

[Lakai01]

The Zenbot trading bot is another alternative for Gekko, but they both need some coding skills and technical skills for creating strategies.

I honestly don't think that Zenbot or Gekko support such a strategy, they rather work with (known) indicators that you can either concatenate or parameterize according to your own preferences.

What OP wants here I think in any case requires a proprietary development, if commercial bots don't offer a comparable feature set/customization but I have to admit that I never used one. Regarding custom bots ... it is always the question of where you run them. My Gekko ran on a Raspberry at the time, but this definitely requires technical know-how.