Do you use a bot for trading? - page 15.

dunfida

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Quote from: klf on October 08, 2016, 05:29:44 AM

Quote from: dunfida on October 08, 2016, 05:11:59 AM

Quote from: ivanst776 on October 07, 2016, 05:43:29 PM

Quote from: leero9 on October 06, 2016, 09:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

I saw that CAT too but i dont have any interest to get one of those because i dont have trust when they handle my trading , its better to decide on your own will and does not depend fully on bots because results maybe worse when you intend to rely on bot but thats not always the case .

I do agree that if we don't have a knowledge on how to trade then it is better to avoid and find some other investments to grow instead depending on some bots. Because it may give you big loss and later need to worry. So I never use any bot but I always go for long in my trade and so for made a decent profit.

Yes, if we dont have knowledge on trading then its better to find other investments because you are just throwing your money and you would surely regret later. Bots are just guide and they are not usually making trades to make it profitable anytime but there are really times which these bots could make you profit some.

mpgh1

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no bots i don't belive in those the sites offer you unless you build one yourself.

talkbitcoin

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Quote from: Docnaster on October 09, 2016, 08:22:32 AM

Quote from: justdimin on October 06, 2016, 12:37:20 PM

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.

i don't agree with the last part of what you said.
bots are for making things easier and 1000 times faster, and also in so many cases you can use bots to eliminate mistakes. because humans make mistakes either because of being tired, distracted or even emotional, all of these are eliminated when using a bot.

senyorito123

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Quote from: Docnaster on October 09, 2016, 08:22:32 AM

Quote from: justdimin on October 06, 2016, 12:37:20 PM

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.

Yes i don't trust those program truly since i don't see any people successfully earn continuesly from that kind of bots, and tradings needs full monitoring and peoples pressence so we can earn with this, all we need to do is wait and monitor and also don't really on bot since it cannot help our cause since we cannot learn the trade battles happening im some certain trading sites.

Docnaster

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Quote from: justdimin on October 06, 2016, 12:37:20 PM

I had experience of using bot for my trading. The problem I faced with the bot was I need to set up moving average kind of parameters so that bot detect swings and will place orders, but the bot I used, generated fake calls on news hours, so I forced to trade only on non-news hours. In those hours market will not show much movements, finally I concluded not to use any bots.

This is mainstream problem when we are using bots that we need to set up always the average of parameters so that it can work properly when it comes of placing orders and sellings , But for me i don't considered my self to use bots because bots are just for lazy who don't want to waste time from trading.

iqlimasyadiqa

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bot use on trading in my opinion is the action to waste the opportunity. we could lose a great opportunity.
bot on trading in my opinion is an act that is useless.

arunka71

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Quote from: stadus on October 07, 2016, 09:35:18 PM

That's impressive dude, if only I know how to code I would have make one for me or maybe share it with others so everyone will be happy and will make money.

Anyway, good luck to your experiment, and if you wish to share it please let me be the one to try it.

I already shared some of my code

https://github.com/aviau/cryptocoin-tradelib

and also shared some of my strategies via screenshots of my bots:

http://imgur.com/xpqoqnk

http://imgur.com/OoP0aNo

I hoped to get some form of a collaboration going, but noone has ever really contributed anything back, so I gave up on this idea.

Maybe it would be feasable to create something sellable, but I am not good at UI design and I have no idea about PR, promotion etc. So I also gave up on this idea.

xuan87

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no i don't use any bot to trade, my friends ever suggest me to use it, but i never try it, because I am just learning how to trade, I prefer to gain the trading knowledge, then after I got the skill i will consider using the bot, my friends said that using bot will make trade easier because when its reach the limit we set,we can execute the command we want

klf

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Quote from: dunfida on October 08, 2016, 05:11:59 AM

Quote from: ivanst776 on October 07, 2016, 05:43:29 PM

Quote from: leero9 on October 06, 2016, 09:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

I saw that CAT too but i dont have any interest to get one of those because i dont have trust when they handle my trading , its better to decide on your own will and does not depend fully on bots because results maybe worse when you intend to rely on bot but thats not always the case .

I do agree that if we don't have a knowledge on how to trade then it is better to avoid and find some other investments to grow instead depending on some bots. Because it may give you big loss and later need to worry. So I never use any bot but I always go for long in my trade and so for made a decent profit.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: ivanst776 on October 07, 2016, 05:43:29 PM

Quote from: leero9 on October 06, 2016, 09:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

All of the time for trading I don't use bot and I trust enough myself even though I'm not more efficient rather than bot.

I saw that CAT too but i dont have any interest to get one of those because i dont have trust when they handle my trading , its better to decide on your own will and does not depend fully on bots because results maybe worse when you intend to rely on bot but thats not always the case .

pooya87

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Quote from: leero9 on October 07, 2016, 08:46:33 AM

Quote from: pooya87 on October 07, 2016, 03:44:50 AM

Quote from: leero9 on October 06, 2016, 09:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

i have searched for this for a long time, you can find my topics back in 2014 asking for open source bots and free bots ,...

finally i started learning a programming language and made myself a bot which i am constantly developing and i use that.

That's really great! Wish I had your tenacity to learn programming from the ground up..

Could you share a little about what your bot does or what functions it has?

i didn't learn programming from scratch, i had some background in programming back from college and i only build up on that.
it really doesn't have that many options, although i add new ideas if i have any from time to time. it is pretty basic trading and some super secret algorithms that i am working on Wink

as others have mentioned you have to have a strategy first then think about a trading bot.

carap

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Quote

I Never Used Bot For Trading Because It is Not Allowed By Most Of The Trading Websites

wintermeasures, can you be more specific when making statements like this one? Could you give a quote from rules of any reputable crypto-trading platform clearly stating that bots are prohibited?

Here I would like to refer to Sampey (creator of C.A.T) -

Quote

"Exchanges are very happy when bot comes in play : they generate a LOT of volumes and more volumes = more fees."

+100!

Quote

how bot should be coded it can be a great help and advantage to all of us who's really trying to make some success trading

Coding bot has nothing to do with success trading. Knowing how to sharpen a knife will not make one a good plastic surgeant

Most of the code can be found in API sections of trading platforms (i.e https://www.kraken.com/en-us/help/api#example-api-code)

I normally begin with creation of some sort of the simple terminal that allows placing/cancelling orders and printing the list of executed/active ones. When I have these building blocks implemented and tested I may proceed farther to the strategy automation.

Caladonian

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Activity: 1302

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Quote from: leero9 on October 07, 2016, 11:31:02 PM

Quote from: carap on October 07, 2016, 03:48:31 PM

Quote

do you have practical experience with bots?

A lot! I assume that should be clear from my post.

Quote

Do you write their code or you just buy them?

I bought/rented few bots in the past. Later I (and some of my colleagues) developed a couple of bots running different strategies.

Bot is not an AI that makes human-like decisions. It is only a tool that helps to automate a set of simple routine operations.
IMO it is essentially important to fully understand the logic of the bot that may be allowed to trade.
If its logic is obscure or described in vague terms (a mathematical bot running on neural networks and optimized with genetic algorithms with super-profitable strategy) - I will never give it a chance!!!

Appreciate your sharing!

If I may ask, what strategy did you employ on your bots? hope you can share some insight though i also understand if you don't want to..

good thing mate if there's something that can be shared here regarding how bot should be coded it can be a great help and advantage to all of us who's really trying to make some success trading hope someone can added it up here OP good luck.

leero9

member

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-09-

Quote from: carap on October 07, 2016, 03:48:31 PM

Quote

do you have practical experience with bots?

A lot! I assume that should be clear from my post.

Quote

Do you write their code or you just buy them?

I bought/rented few bots in the past. Later I (and some of my colleagues) developed a couple of bots running different strategies.

Bot is not an AI that makes human-like decisions. It is only a tool that helps to automate a set of simple routine operations.
IMO it is essentially important to fully understand the logic of the bot that may be allowed to trade.
If its logic is obscure or described in vague terms (a mathematical bot running on neural networks and optimized with genetic algorithms with super-profitable strategy) - I will never give it a chance!!!

Appreciate your sharing!

If I may ask, what strategy did you employ on your bots? hope you can share some insight though i also understand if you don't want to..

leero9

member

Activity: 75

Merit: 10

-09-

Quote from: BitHodler on October 07, 2016, 11:21:59 AM

I was planning to have a highly skilled coder develop one for me, but I as a noob when it comes to code don't know whether or not he didn't add a line of nasty code where he can access my account.

That's for me the main reason of why I don't use a bot for my trading.

If you did manage to find an honest and skilled developer, what would you put in your bot?

JeffBrad12

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Quote from: wintermeasures on October 07, 2016, 09:40:41 PM

Quote from: leero9 on October 06, 2016, 09:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

No I Never Used Bot For Trading Because It is Not Allowed By Most Of The Trading Websites And If I Use It Then The Website Could Ban me For Breaking Their Rules....
Also I Suggest You Bro Do Trading Yourself and Don't Use Bote For Trading....

This is not about for banning or breaking the rules, the another worst thing you can get infected a malware from the software, because that is from the another people is you're not know him. and for reducing the chance, never using a bot for trading.

wintermeasures

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Quote from: leero9 on October 06, 2016, 09:56:36 AM

I thought it would be interesting to know if you guys use a bot to trade bitcoin or altcoins..

Whether or not you do, if you were to make one, what rules would it based on?

I don't use one myself.. but am looking to get one built, and would welcome any suggestions on features and rules that you think would work..

Thanks!

No I Never Used Bot For Trading Because It is Not Allowed By Most Of The Trading Websites And If I Use It Then The Website Could Ban me For Breaking Their Rules....
Also I Suggest You Bro Do Trading Yourself and Don't Use Bote For Trading....

stadus

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Quote from: arunka71 on October 07, 2016, 07:12:39 PM

Working on bot code myself.

I think there are simple and efficient strategies, that only bots can do, because they require to fetch and calculate a lot of data constantly. So in a way, most bots are not really a competition for technical traders looking for swings and such.

That's impressive dude, if only I know how to code I would have make one for me or maybe share it with others so everyone will be happy and will make money.

Anyway, good luck to your experiment, and if you wish to share it please let me be the one to try it.

arunka71

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Activity: 410

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Working on bot code myself.

I think there are simple and efficient strategies, that only bots can do, because they require to fetch and calculate a lot of data constantly. So in a way, most bots are not really a competition for technical traders looking for swings and such.

Sampey

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Quote from: ivanst776 on October 07, 2016, 05:43:29 PM

I have seen only one "trusted" bot here in forum and that is C.A.T but still I don't trust any of the them.

Well yes i'm trusted Grin

I started selling my bot in 2013 (it was only a Cryptsy Bot) and never stop since them, with near 1 release every 20-30 days.
Now after near 65 release (20 beta + 44 Official) C.A.T. works on 18 exchanges and i have 200 Positive Feedbacks on my profile (this is why i'm trusted Cheesy

)
Another reson for my trust is that C.A.T. is a DESKTOP Application and i don't own private user key (and anyone could run C.A.T. inside a SandBox and check if there's some "strange" http call other than the Call to the Exchanges)

Wink

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