Bitcoin Forum>Economy>Trading Discussion
Pages:
Author

Topic: what sort of features would you want in a trading bot? - page 2. (Read 321 times)

hugeblack
legendary
Activity: 2506
Merit: 3645
Buy/Sell crypto at BestChange
Re: what sort of features would you want in a trading bot?
March 31, 2024, 10:13:16 PM
#13
Quote from: Rruchi man on March 31, 2024, 11:27:56 AM
Bots are not capable of developing their own strategies.
This is not accurate, bots can develop their strategy based on the trading outputs of the past weeks/months or import their own trading outputs and improve performance accordingly.

Quote from: Rruchi man on March 31, 2024, 11:27:56 AM
If it is possible to have the kind of feature on a bot where it can give a notification when a strategy is becoming less effective, that will be good.

It is very easy. The bot can track the return on investment every month, and if the decline continues for several months, then it will give you a notification that your trading strategy has become a failure.
Assface16678
full member
Activity: 1358
Merit: 134
★Bitvest.io★ Play Plinko or Invest!
Re: what sort of features would you want in a trading bot?
March 31, 2024, 06:49:44 PM
#12
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
I think you already has it but if I will suggest a feature in your trading bot maybe a feature where in the bot can be used in crypt currency trading and also in forex trading, I'm more on crypto trading but I also want to try in forex trading but I know forex is more complex and as I have initial experience with it, forex is very hard, so I want to have either a trading bit that could do trade on both crypto and forex , if you can develop such trading bot then you can market your bot in a wider population or wider crowd as you can attract customer in both trading platform or trading kind, and imagine if you do that then you really are a great developer then, it will not be easy but yeah just suggesting its up to you if you will take it as a challenge or just ignore this suggestion.
Faisal2202
sr. member
Activity: 1204
Merit: 466
#SWGT CERTIK Audited
Re: what sort of features would you want in a trading bot?
March 31, 2024, 05:41:30 PM
#11
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
Thing I want in the trading bot: 1. It should suggest to me which coin to invest in. 2. It has to make me profit on every trade. 3. If I got lost, then It have to refund it. 4. I want it free. haha. Just kidding. I know that's not possible. Well, I don't know what kind of bot you have built you should have shared a short tutorial with us as that would be a bit better than just words.

Well, every trading bot has simple main functions that they have to perform and I guess you must added them already. Hmm, can you integrate this bot into telegram bot? As is that possible plus the notifications as well.
Cryptomultiplier
full member
Activity: 770
Merit: 180
Eloncoin.org - Mars, here we come!
Re: what sort of features would you want in a trading bot?
March 31, 2024, 12:20:37 PM
#10
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
Well, if the initial original features of trading bot apps include, automatic order execution, algorithmic trading potentials, real- time request data analysis and threat operation tools, then it is clearly evident that trading bots are meant to adapt to the traders preference. Of course it's the trader who knows and understands how to tweak the bots in their favor that benefits in the long run.

We should be expecting bot 2.0 or an improvement on the original initiative to better adjust and think like the traders should.
YOSHIE
legendary
Activity: 2086
Merit: 1759
Re: what sort of features would you want in a trading bot?
March 31, 2024, 11:43:45 AM
#9
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
If you carry out crypto trading using automatic software which, as you mentioned, bots/robots or AI and the like in trading activities, I can confirm that you made a big mistake in your crypto trading, bots do not help you in fighting for profits in your trading.

You know the nature of bots, they are error prone devices, so stop using bots in trading, it is logical if bots help users in crypto trading, maybe everyone in this world will use bots, the fact is not so many bots do not work effectively in trading.

Remember, trading requires knowledge to do it, you need guidance from experts and experience, trade with the knowledge you have so that you gain real profits, bots are not a solution to use.
Rruchi man
legendary
Activity: 1246
Merit: 1071
Re: what sort of features would you want in a trading bot?
March 31, 2024, 11:27:56 AM
#8
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
I am not into programming and building of bots but I have an idea of how it may work. I understand that a trading strategy has to be programmed into the bot, and that is the strategy it will follow. Bots are not capable of developing their own strategies.

If it is possible to have the kind of feature on a bot where it can give a notification when a strategy is becoming less effective, that will be good.
Oshosondy
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
Re: what sort of features would you want in a trading bot?
March 31, 2024, 03:56:04 AM
#7
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
You are the developer and you should be the one that should think of a bot that people will want. There are different bots for trading and they have different purposes. So you will have to be specific on one. I am not a bot user but on the exchanges that I am using, they have several bots.

Quote from: adaseb on March 31, 2024, 12:51:44 AM
The most important and most difficult feature to implement to a bot would be a way for it to be profitable in all conditions. I am talking about bull market, sideways markets and bear markets.
You know that bots also can not be perfect. Why I see bot useful is because it can make traders to trade 24/7. Bots makes trading easier. It makes the time a trader will spend on trading to reduce as it will be helping the trader to trade.
adaseb
legendary
Activity: 3738
Merit: 1708
Re: what sort of features would you want in a trading bot?
March 31, 2024, 12:51:44 AM
#6
The most important and most difficult feature to implement to a bot would be a way for it to be profitable in all conditions. I am talking about bull market, sideways markets and bear markets.

Most bots function well in one or the other. Some even function well in bull or bear as long as they are trending one way or the other. However they won’t function well if the markets get stale.

Hence the bot needs to detect what type of market we are in and adapt to that market to stay profitable or at least stop losing money.
hugeblack
legendary
Activity: 2506
Merit: 3645
Buy/Sell crypto at BestChange
Re: what sort of features would you want in a trading bot?
March 30, 2024, 11:33:18 PM
#5
The ability to execute commands without the need for technical knowledge, and many features that are for free or open source.

 - Basic things can be: Backtesting, strategy building, good decision-Making algorithm, easy DCA set-up, rebalancing
 - Paid features may be: AI-based trading, copy trading based on previous experience and learning or imported from open source sources.
Geurangsang
member
Activity: 294
Merit: 14
Chainjoes.com
Re: what sort of features would you want in a trading bot?
March 30, 2024, 10:20:22 PM
#4
I am very interested in your project. Can you share the link for your bot so we can try it for a while and provide an evaluation of your bot's performance.

Currently I only found bots with poor performance. They only carry out rigid analysis and cannot adapt to changing market conditions. Some bots are only suitable for bullish conditions, but it is difficult to find them for barrish ones.
batang_bitcoin
hero member
Activity: 2968
Merit: 600
Eloncoin.org - Mars, here we come!
Re: what sort of features would you want in a trading bot?
March 30, 2024, 06:59:42 PM
#3
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
We have to see how your bot works first before we give you the idea on what must be added. Because majority of the bots now are working the same as what they are. So, for us to have the thought of what features you can add, develop it first and let's see from there what you lack of and what can be added next.
alastantiger
sr. member
Activity: 504
Merit: 283
Re: what sort of features would you want in a trading bot?
March 30, 2024, 06:16:05 PM
#2
Quote from: sidestepr on March 30, 2024, 04:03:51 PM
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
I am not an expert in trading. I am still learning. I see trading bots on crypto exchanges but I have never used them because I feel using them will make me to lose out on a small window of opportunity that the market will present. For example, Their inability to consider external factors such as economic calendars or significant news events that can influence market behavior. Would it be crazy if I say that I would like to your trading bot actually have like a syn feature with internet where it can correct itself using real time updated information about the market, news events, economic calendars etc? Yes, if this is possible this is a feature i will like to see in your trading bot.
sidestepr
copper member
Activity: 3
Merit: 0
Re: what sort of features would you want in a trading bot?
March 30, 2024, 04:03:51 PM
#1
Just asking because I have been developing my trading bot for awhile, I have been successful with it but I'm hoping to learn what you guys are looking for so I will be able to plan what I can do to improve mine and convince you to use it as well.
Pages:
Bitcoin Forum>Economy>Trading Discussion
Jump to: