Topic: How to fight the BOTS (and win) (Read 1869 times)

There are advantages and disadvantages in using bot. But it is still very limited in its actions. It may give 24/7 attention, but during, as you say, big dump, the bot will only be watching and can do nothing.  That is why it is very much preferable that you yourself will be the one to manually monitor the charts and do the necessary steps. 

sounds good. if i have too many btc someday , i will try this tactic. i never used bots and i will never trust bots but oneday i'm thinking to try bots too.

man, I read these types of posts and realize I still have SO much to learn.  Thank you all for posting such useful information out here for us newbies to learn. 

another way to beat the bot is to execute trade even faster, I heard some high frequency trading companies that design bots that trade within seconds

Fighting with bots is not supposed to be the rule of the game when you place your money and expect to do a good investment.
I think that the current situation is killing the altcoins, I don't see any real volume right now, most people have moved their money on ETH.
Bots are doing fake traffic, and the coins not botted have 0.1 BTC of volume... the rest is in red. There are some exceptions, but rare.

Things needs to be sanitized.

i am waiting for the good news from you if everything is set up. but i think i have my experience to fight with bots and i considering its a fun because in that time, i can play around with the bot, make buy and sell order and i feel its good to test my skill to fight with the bot especially if the coins is moving fast. i think its about how fast we can fight with the bot but like your strategy, if we are smart enough than the bot, we can win the challenge and even we can make nice profit.

Just to clarify, I am not going to make a bot that is doing a strategy to fight the bots.
I am working on a website that will rate the coins based on the level of fake trading, and rigged trades.

I will open a new thread when the website is up. I don't want to give the URL right now because I am still doing the UI.

 

Got it. Sign me up

Your idea sounds complicated for me. I think that if a coin is excessively botted, that mean +50% of the trades are from bots, then investors should stop trading them.
This will have the consequence to hurt the one who is running the bot and he will have to redefine his strategy in a way that traders are enough space for trading.
Simply say, better avoid the junk coins than trying to defeat the bot in a war that is not going to help the regular traders who are just using the exchange interface.

I will rate the coin based on their health.
<25% of botting = healthy -> green color (go trading)
25-50% of botting = sick -> orange color (trade at your own risk)
+50% of botting = junk => red color (stay away)

This way, traders will have a way to focus their trade on coins that are carefully managed by the owners. The scams and dumpers will stay alone dying with their coins until their master understand the lesson and respect the investors by offering a healthy coin in a fair market.
What is the point to fight a junk coin where you are likely going to lose money in favor of the bot?

I will not create another bot that will fight the bot for the benefit of my bot users. I want to give tools for all traders so that they can take fair decision as to where they invest their money.

If it happens that all the altcoins are red, then stay with ETH/ BTC and wait that the altcoins stop milking the investors.

I cannot do a "BOT" that is doing that because I would have to use the exchange API and my bot will not be liked by the exchange. They will certainly cancel my API access.
Also I want to make a shield not another warfare tool. The idea it to make excessive BOT usage a problem, because if investors are aware of the level of rigging, they will likely stay away from the bad coins.

My system will accept low level of botting in its ranking, bot used to animate the markets are not a thread. But rigging the market will probably rate the coin as junk, and leave the bot playing alone losing money while investor are spending elsewhere.

Also the system will detect changes in the market and warn the members of these changes, dumps or rally will be notified as well as change in the 'quality' of the coin - if the bots are less aggressive, or disabled, or overflowed by investors for some reason.

But then again if I have to invest your money and I fail I dont care and I move on and do another trade. If I make profits (commission) its fine if I fail I dont care as it was not my money. Maybe I got you idea wrong but what keeps me from just failing and loosing someone elses money?

I had a thought on how to address this that attacks the problem from a different angle.

Since you're so involved in tackling this issue, I thought I'd bring it up for discussion, maybe we could refine the idea some.

"TraderCoins"

Coins that are mined by making successful trades for someone else with their capital.

So whoever comes up with the most successful strategy to beat down bots benefits from it, perhaps greatly.  Even if they don't have the funds to actually make the investments necessary themselves.

The way I picture it, there would be a profit sharing component involved as well, so if you made a successful trade for me and it made me a profit of 10 BTC, you would get 1 BTC and some TraderCoins.

Perhaps the TraderCoins are the only currency used to contract new traders, so prospective investors buy the coins on the open market, and then spend them to retain a trader for themselves.

@TheWolf666
Wouldn't it be better instead of a website to develop a bot that uses your strategy and that hunts the trading-bots? Maybe opensource so everyone could adjust it incase the bots strategy changes?

That bot automatically does your manual steps automatically and logs all important transactions. If smth. like you said happens (a smaller order is entered within seconds) the bot just saves it in a log file with all informations (which coin, which amounts, what date what time and so on). The log is  published on a website and if someone thinks of investing in a coin he/she can check on your website if the market might be controlled by one or more bots. The new bot network (if alot of people have your bot running) could get you more accurate results like at what times are the trading-bots most active.

I mean through that you could check many coins at a fraction of the time. Plus you could even implemend your bot and sell/give it to new coins as a unique feature to avoid bots. EDiT: Or switch to the dark site and let people pay you so you don't check certain coins.

The bots name would be "coincontrol" - yes I already figured that out in my fantasy haha

the advantage of bots is they execute very very fast, you can never beat their speed, but the strategies are pre-defined by  human, so when your trading strategy is better, you can beat them, just like beating other traders

POST REMOVED

Quite the eye opener! Pegging this down for future reference!

Cool post! Got me new insights since I was wondering about the bot activity anyway

I will keep the community tuned and update this thread when I have something working.

This is great news I'm so glad to hear someone is tackling this problem head on.  I program a lot in a bunch of languages, maybe I could be of some help?  Let me know if so.

Are you keeping this under wraps?  I guess not if you'd talk about it in the forum publicly.  One of the bot makers I was discussing this with earlier today basically said "you can't do anything about it, accept it, no one else cares" etc.  It would be nice to show that other options do exist, or will soon, people very clearly do care (it's their hard earned money after all), and if they don't take action to correct the problem now, they could find themselves way too far behind the curve to ever do so by the time they realize it's inevitable.

Good luck!  I look forward to progress updates on this, please let us know how it's going.

I love the way you assess this mate, its been a long while now since I seen this not and I thought it was just a normal way for the dev to secure that there's no quick dumped without their notice and it will likely benefits the project if slow movements happen thanks for your ideas mate keep sharing just in case you find more about hacking that bot.