Topic: Question about BOTS (Read 498 times)
I'm interested in cross-exchange arbitrage bots, but there seems to be very few offers. as for same exchange bots, they mostly rely on technical analysis to take action. Given the current wild wild west style of altcoin trading, I don't dare to bet my fortune on bots because I seriously doubt the effectiveness of tech analysis when newbies are pouring in non-stop. These new traders typically disrupt and distort market activity and cause tech bots to run wild. Better safe than sorry.
Hi everyone. I'm new to all of this but I have noticed an uptick of bot activity on alt coins once in awhile. I was wondering, does this indicate a pump and dump?
A trading bot can be for anything like indicating you coming pump/dump or it can do trading behalf of you. But its accuracy is a very big question. In my experience I have used few bots in both Forex trading and currency trading. But I'm not getting my preferred results. At the same time I'm not suggesting you to ignore them completely. You may go for giving it a try. But with only very small capital, before you are concluding into positive side. Hi everyone. I'm new to all of this but I have noticed an uptick of bot activity on alt coins once in awhile.
i am curious to know how do you "notice" bot activity and differentiate it from normal user activity?because what we (users not the server itself) see is just orders being placed or canceled and being filled, i can't think of a way to determine whether one order was placed by a bot or a human.
I was wondering, does this indicate a pump and dump?
it may. a better factor to look at is the volume. a surge in it can indicate a sudden attention from traders (or pumping groups) that came in and started buying it up.
it does not necessarily mean a pump and dump... however, depending on the bots they may be hitting their target area... for example, a fib bot would trade at high retracement and buy at 61%... or MACD bot or RSI bot etc, etc .. simply it depends.
Hi everyone. I'm new to all of this but I have noticed an uptick of bot activity on alt coins once in awhile. I was wondering, does this indicate a pump and dump?
thanks!
thanks!
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