Trading Bots | Bitcointalksearch.org

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

Quote from: CA Coins on February 13, 2012, 05:24:47 PM

Quote from: EuSouBitcoin on February 13, 2012, 10:59:39 AM

It's not that I don't trust the trading bots. It's just that I don't trust the trading bots.

What I've found is that often times defined formulas and calculations work better than my instincts/feelings/predictions. Base on profits, my code is probably smarter than I am as a trader. Would adding statistics help? Roll Eyes

If I had trust that the bot didn't have malware/wallet stealer/trojan/virus/key logger then I'd use it. It's not the idea of a bot that I don't trust, it's that I don't trust where the bot came from or what it actually does. If the bot comes with source code and you have the expertise to determine that it's "safe" then that's fine. But a free bot is probably worth what you paid for it. If it's a highly profitable bot, why give it away?

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: yetti on February 15, 2012, 05:46:27 PM

quite interesting,

Sitting down and clicking for 12 hours a day seems a waste of time if these bots works proper.

So far.... they don't. :p I need to find a new strategy.

Well, one bot has made 2% today. I need more time though. I am running 4 bots at the same time and comparing the results... will see what the account balances are in a week or so.

yetti

newbie

Activity: 4

Merit: 0

quite interesting,

Sitting down and clicking for 12 hours a day seems a waste of time if these bots works proper.

CA Coins

donator

Activity: 305

Merit: 250

Quote from: EuSouBitcoin on February 13, 2012, 10:59:39 AM

It's not that I don't trust the trading bots. It's just that I don't trust the trading bots.

What I've found is that often times defined formulas and calculations work better than my instincts/feelings/predictions. Base on profits, my code is probably smarter than I am as a trader. Would adding statistics help? Roll Eyes

alexrussel1980

member

Activity: 106

Merit: 10

CryptoBeggar

javascript and scriptish always been my best friends

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

It's not that I don't trust the trading bots. It's just that I don't trust the trading bots.

Miner612

member

Activity: 84

Merit: 10

FPGA convert

I will pay good BTC for an easy to use trading bot.

PM me. I have lots.

CA Coins

donator

Activity: 305

Merit: 250

Looks like someone is sharing their php code for a mtgox api. Haven't had a chance to look at it myself, but here is the link: https://bitcointalksearch.org/topic/m.712655

abeaulieu

sr. member

Activity: 295

Merit: 250

To those who already have bots that they are using-- how are they doing during this recent slip in the BTC market?

hatshepsut

member

Activity: 63

Merit: 10

Yes, I concur. My intention is to use less than 10% of my holdings as trial.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Subscribed... want to see what bots are legit. As long as they have adjustable parameters, people shouldn't be running the same strategies, right?

hatshepsut

member

Activity: 63

Merit: 10

Thank you all for the input. I just came across Aricie. Anyone have experience with the site?

rwcp97

newbie

Activity: 13

Merit: 0

Quote from: hatshepsut on February 10, 2012, 12:55:29 PM

I could code it myself but I just don't have time. I am open to offers so message me if you are interested.

I've got a bot ready, but to be honest, it doesn't perform well all the times... If the market moves up, it's fine Grin

, otherwise, you will lose money...
So if you have any trading algo, let me know and I'll implement it for you.

Just to show that I'm not talking shit:

http://img850.imageshack.us/img850/2918/26546480.png
http://img825.imageshack.us/img825/1481/38428513.png

CA Coins

donator

Activity: 305

Merit: 250

I think some of your options are:

a. Already have a trading strategy. Just need someone to code the basic functions to interact with mtgox and will code in the strategy part yourself. In that case, you will still need to code in the trading strategy and mtgox actually has a pretty good demo api written in php on their site that you can use for the basic functions. (See their api documentation and you'll find the sample codes.)

b. Already have a trading strategy and would like a programmer to code the whole thing so all you need to do is to plug in the black box. Then I think you're looking at paying quite a bit. What is to prevent the programmer from copying your winning strategy and plug in his/her own black box? I have heard one major trading house actually sued one of their former employees who tried to use their secret algo codes.

c. Don't have a strategy. Then I don't think you are going to get any 'programmer' to do it for you. Again, if the programmer comes up with a strategy that nets you $1,000 a month, how much would he/she charge for it? Notice the pie is only so big, so every bot is competition.

I think bots are everywhere: Stocks (IB), forex (fxcm), and you would think mtgox is crawling with bots looking at the market data.

hatshepsut

member

Activity: 63

Merit: 10

Quote from: Lazer on February 09, 2012, 10:00:56 PM

how much BTC are we talking about

I could code it myself but I just don't have time. I am open to offers so message me if you are interested.

abeaulieu

sr. member

Activity: 295

Merit: 250

Quote from: Zoiner on February 10, 2012, 11:59:15 AM

If you are a novice you might end up with a losing method.

Even if you are not a novice you might still end up with a losing method...

Zoiner

member

Activity: 74

Merit: 10

I think the important thing is to know some of the economics of trading, like arbitrage, otherwise you trades will only be as good as the algorithm you use. If you are a novice you might end up with a losing method.

abeaulieu

sr. member

Activity: 295

Merit: 250

Has anyone seen these on the internets? The Mt. Gox API seems to make it rather easy to create one of these bots. I'm starting to get interested in creating one for myself now.

kirorolol

newbie

Activity: 11

Merit: 0

How good are trading bots?

CA Coins

donator

Activity: 305

Merit: 250

Quote from: brox on February 10, 2012, 03:05:46 AM

The best bot would be the one you write yourself. Because bot usually follows certain unique strategy

Agree. If a bot is making lots of money for someone, he/she wouldn't sell it to you unless for lots more money.

Topic: Trading Bots (Read 1591 times)