Trading on the Spread | Bitcointalksearch.org

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: Quartx on April 16, 2016, 02:10:57 AM

Think about it this way, there will always be better coders using proprietary bots which are faster and cleverer.

That's it

And just imagine the thousands of chinese coders trying to get some profit from altcoin and bitcoin exchanges... I have also considered creating a bot, but would be lots of work and likely no profit.

AdamCox9

full member

Activity: 145

Merit: 112

To the moon!

Quote from: SparkyU on April 16, 2016, 01:12:29 PM

Quote from: AdamCox9 on April 16, 2016, 07:14:29 AM

Quote from: Swisk on April 16, 2016, 04:21:24 AM

Quote from: kwaasteniet on April 16, 2016, 03:01:44 AM

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

The market would be dead without bots. They'll be a lot of them soon bringing plenty of trade volume.

Exactly. All markets would be far more stagnant if bots weren't around increase activity. Besides knowledgeable people can tell the difference between a bot and a real person buying.

I don't think it would be trivial to identify trades from a bot versus trades from a person if the bot designers intentions were to hide that. I'm sure there are ways to filter out the obvious bot orders to get a better idea of how many trade were done manually rather than done with a bot.

SparkyU

hero member

Activity: 784

Merit: 506

Quote from: AdamCox9 on April 16, 2016, 07:14:29 AM

Quote from: Swisk on April 16, 2016, 04:21:24 AM

Quote from: kwaasteniet on April 16, 2016, 03:01:44 AM

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

The market would be dead without bots. They'll be a lot of them soon bringing plenty of trade volume.

Exactly. All markets would be far more stagnant if bots weren't around increase activity. Besides knowledgeable people can tell the difference between a bot and a real person buying.

AdamCox9

full member

Activity: 145

Merit: 112

To the moon!

Quote from: Swisk on April 16, 2016, 04:21:24 AM

Quote from: kwaasteniet on April 16, 2016, 03:01:44 AM

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

The market would be dead without bots. They'll be a lot of them soon bringing plenty of trade volume.

Swisk

newbie

Activity: 56

Merit: 0

Quote from: kwaasteniet on April 16, 2016, 03:01:44 AM

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Bots aren't actually that bad. They help to provide liquidity by increasing the volume of trades.

Swisk

newbie

Activity: 56

Merit: 0

If you're trading across multiple exchanges, why not focus on buying at a global max/min (global across the different exchanges) instead of the local spreads? There still a huge disparity between the rates offered across exchanges as opposed to the spread within any specific exchange as far as I know.

I haven't tried myself, but I don't have accounts open across different exchanges.

kwaasteniet

hero member

Activity: 924

Merit: 1000

Bots are so annoying on exchanges. It is better to trade manually instead of bots. My big hope is that exchanges maximize the number of concurrent trades to 5-10 or so.

Quartx

hero member

Activity: 1036

Merit: 504

Becoming legend, but I took merit to the knee :(

Think about it this way, there will always be better coders using proprietary bots which are faster and cleverer.

AdamCox9

full member

Activity: 145

Merit: 112

To the moon!

I built a bot to attempt to trade on the spread on the major cryptocurrencies on the exchanges with no success. It seems other bots always try to jump ahead of my orders until the spread closes until the spread is one significant digit like buy at 0.00000033 and sell at 0.00000034, etc...

Has anybody had success doing this? The bot that I am using is https://github.com/AdamCox9/nickelbot/blob/master/bots/make_min_orders.php

Topic: Trading on the Spread (Read 442 times)