Bot only exchange, human only exchange.
P.S. Any exchange that at any point has more lag than NYSE et al, is a disgrace.
Topic: Should trading bots be banned? - page 3. (Read 7887 times)
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?
Far from normal. Easy to ban, just limit orders in API.
there are many more ways of dealing with bots
+ set minimum allowed amount of single order equal to 10 or 100 usd (to get rid of all that 0.000001 junk and chump change "orders"). such a waste of resources (all those unnecessary connections to servers)
+ set limit 1 order per account per 10 minutes
etc
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
Yes, ban those trading bot please..
You shall learn that there trading bots everywhere, buying and selling oil, metals or currencies. Unfortunately, there is just no way to ban them. Often, you can't even tell they're bots.
yep, exactly. the complete NYSE is full of bots...
Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Just dont care about these bot orders, they keep puting 0.0000001 BTC higher then your selling price but the selling amount is insignificant
Well the problem is because their selling amount is significant
Easy way to limit them would be to charge a fee for placing limit orders
To be honest, I never knew there was a trading bot til now.
No!
Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Anyone who is serious about trading securities or bitcoins themselves should be able to spot stupid traps like that and understand how to not fall victim to them.
Look at the order book.
Remember: There is always someone content at selling at a lower price than you
You can't really ban some of them cause they look real
"and what is this "trade signal"?"
Well it could be almost anything depending on the bot.
For exampe the "price" could be the signal.
Price = X --> Buy "set ammount"
Price = Y --> Sell "set ammount"
Well it could be almost anything depending on the bot.
For exampe the "price" could be the signal.
Price = X --> Buy "set ammount"
Price = Y --> Sell "set ammount"
Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Just dont care about these bot orders, they keep puting 0.0000001 BTC higher then your selling price but the selling amount is insignificant
Please ban trading bots, a lot of bot flooded bitfunder and they keep puting 0.0000001 BTC higher then your selling price or 0.000001 BTC lower then your buying price....
Trading bots are awesome.
They can't help an idiot get rich because they're only a tool, and only as efficient as the trader that's using them.
They can't help an idiot get rich because they're only a tool, and only as efficient as the trader that's using them.
On bitcoin exchanges, such as Mt. Gox and Bitstamp, there are multiple bots that buy and sell bitcoins at the same time cluttering the markets and the rate of bitcoin. The purpose of these bots is to gain profit, so traders will get more more tempated to start to use some kind of homespun trading bot. What will we see in six months? War of bots, that rally the rate of bitcoin and make markets completely volatile? That defintely isn´t good for the arising bitcoin ecosystem. So if the bitcoin exchanges want to be trustful, the bots should be banned, or should they? 
I definitely don't think that trading bots should be banned. IMO, if Bitcoin is going to prove to be a longstanding, viable, economy, then it's going to have to withstand things like trading bots and not really be horribly effected by them.
Full Disclosure: I'm developing a trading bot.
The only thing I understood in your post was that ... profit = bad.
This is the result of the Obama generation education. 
Bots are essential in providing liquidity and hence stability to the market.
The only thing I understood in your post was that ... profit = bad.
This is the result of the Obama generation education.
The only thing I understood in your post was that bots = profit, profit = bad.
This is false.
This is false.
Jump to: