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4053020 No.4053020 [Reply] [Original]

Trading Bots, How do they work and how do i get one?

>> No.4053034

>>4053020
Don't bother, not worth the hassle

>> No.4053170
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4053170

Who needs a bot when you're online 24/7?

>> No.4053743

>>4053020
You have to come up with a strategy for when to buy and when to sell.

Then you automate it, and simulate it against various charts to see how well your strategy performs.

Keep tuning until the performance satisfies you, and then let it try trading with real money.

Keep refining your bot too.

>> No.4053883

>>4053743
https://github.com/anandanand84/technicalindicators

This is a useful TA library that can do incremental computation which the more famous ta-lib doesn't do. I intend to use it in the bot I'm developing.

>> No.4053942

if then statements bitch. if current price - purchase price / purchase price > X% then sell else if current price - purchase price / purchase price <-X% then buy else if else if.......

>> No.4053986

Tried them all, they all blow. Lost 25% of my port.

>> No.4054141

>>4053170
You have to sleep sometimes, and even if you're awake, can you keep an eye on hundreds of markets simultaneously?

>> No.4054359

>>4053883
Thanks a load for this dude, really helpful. Started of writing my bot in JS because I’m a JS dev at heart but switched over to crystal. I’ll have to port them over but at least someone else has done the hard work!

Wasn’t even a ‘JS is slow’ type thing, since you can squeeze decent performance out of JS these days. More of a side-project for learning.

>> No.4054380

>>4054141
I was obviously shitposting.

>> No.4054412

>>4053020

I bought one for .1 btc OP, definitely not worth it.. it is scary as fuck, sometimes loses all of the funds i put on it (i keep a limited amount on that account it uses) and its really annoying to difficult to set it up and then always trying to maintain it. not worth the trouble

the strategy your bot uses isnt preloaded and the developer does this so every bot doesnt act the same way... setting this up is insanely annoying

>> No.4054439

>>4054412
Realistically I feel like you’ll need to program your own to be ahead of the game. I’ve been on the Bittrex API developer slack group and most people there are running their bots on the same data centre as Bittrex. Anything off the shelf you run from your own computer will very likely not work.

>> No.4054477

>>4054359
>JS is slow

node is looking at you and not in a good way.

>> No.4054609

>>4054477
I’m saying it isn’t slow. I think JS is a decent choice for algorithmic trading.

Network latency would be orders of magnitude greater than whatever mathematical operations you’re using. Maybe avoid native promises, rely more on stdlib than any heavy external libraries and run latest node and you’ll be fine!