Topic: Should trading bots be banned? - page 2. (Read 7957 times)
Speculator and trading bot are needed for a healthy system.
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This is correct, however it is very possible to profit over other's fear and greed.
trading 101 
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I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers.
Not really. In fact some bots keep the market stable. Without bots 100% human, is 100% emotion. Then the swings are even worse! Do you trust placing a stop loss order at an exchange, they could easily "stop loss fish" your order.
The break out in btc prices from $100 to $1000 is attributed to bots. Bitcoin has not gone back to $100 since then.
So maybe, those 2 bots have benefited the bitcoin community after all.
So maybe, those 2 bots have benefited the bitcoin community after all.
Bots usually play a conservative logical strategy that can be worked around or even used to your advantage if you figure out exactly what that strategy is by feeling one out. I think you'd have more to fear from the sort of conspiratorial manipulation of price perpetrated by well-funded small groups (sometimes even individuals) across all the major exchanges. They're responsible for the instability in most markets. The unreasonable highs and lows and constant swinging value of popular coins is mostly a product of their efforts.
I think it shouldn't banned hard to banned
buy and sell stock, gold, oil. people often use bot
but there are way to decrease bot usage :
- CAPTCHA every trading action
- no shared API
- trading limit
but remember, bot just a software. sometimes it can do something wrong
buy and sell stock, gold, oil. people often use bot
but there are way to decrease bot usage :
- CAPTCHA every trading action
- no shared API
- trading limit
but remember, bot just a software. sometimes it can do something wrong
It shouldn't be. Bots can liberate our time to do other things.
Another regulation? Really?
Bitcoin was invented because we have too much regulation, not too little. If someone writes a bot, let him do so. I see no reason why this should be regulated/banned at all.
Bitcoin was invented because we have too much regulation, not too little. If someone writes a bot, let him do so. I see no reason why this should be regulated/banned at all.
I really don't like the idea of banning things outright. I think the community needs to discuss and workout some from of regulations for proper use of a bot. I doubt all who use a bot use it to disrupt the market. I thnk that gives some form of standard that people can identify as proper use of a bot.
Obviously exchanges would have a good bit to add in this discussion if their was ever any real attempt to regulate the usage of bots.
Obviously exchanges would have a good bit to add in this discussion if their was ever any real attempt to regulate the usage of bots.
Traders
a bot is just a tool
good tool which work 24/7 Quote
, generally will not be profitable
bot or no bota bot is just a tool
Traders
a bot is just a tool
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, generally will not be profitable
bot or no bota bot is just a tool
I often feel that I would love to ban bots, or rather trade on an exchange which doesn't enable them through their API, but at the same time I feel guilty for wanting that because I don't want to be a luddite.
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I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers.
Not really. In fact some bots keep the market stable. Without bots 100% human, is 100% emotion. Then the swings are even worse! Do you trust placing a stop loss order at an exchange, they could easily "stop loss fish" your order.
Bots are very similar to high frequency traders on the stock market, except they don't have the same advantages. High frequency trading does provide liquidity to the stock market.
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I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers.
Not really. In fact some bots keep the market stable. Without bots 100% human, is 100% emotion. Then the swings are even worse! Do you trust placing a stop loss order at an exchange, they could easily "stop loss fish" your order.
I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers.
I don't think it's possible to get rid of bots entirely.
Ban please, they are really annoying.....
No, because they provide liquidity as well as exacerbating bubbles and busts.
As long as you aren't speculating, the extra liquidity is good for us using it as a temporary exchange medium..
As long as you aren't speculating, the extra liquidity is good for us using it as a temporary exchange medium..
Nowadays even shares, forex etc are all using trading bots, how do you ban it? It will only get more and more popular.
HFT programs help maintain liquidity in the exchanges. You stripped them away, you get more unstable prices.
Very few people understand how HFT works.
Your typical exchange or ECN has 300 order types (NYSE, NASDAQ, etc)...
And there are only 2-3 Special Orders that matter to HFT...
The ones that put you straight to the front on the line.
If you pay the exchange large fees...
You get access to these Special Orders.
Therefore, HFT is just a massive scam by Wall Street to swindle the Middle Class.
http://www.risk.net/risk-magazine/feature/2261626/exchange-order-types-prompt-fears-of-hft-conspiracy
Is there a way to get more insight into this without having to pay for the content? Edit: or giving away massive amount of personal info?
You probably have to be an "institution" that does business on the Exchange Level...
Such as an Exchange Member, bank, Broker-Dealer, Hedge Fund, etc...
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