Lets talk about trading bots

because the more people you sell it to, the slimmer your own gains through trading get.

>i figured out how to 50x my money every year
>let me sell it for a couple hundo to some randos on the interwebz

there are anons that actually believe this ^

lmao

What you’re both saying is a logical conclusion but you don’t understand the scale.

Consider that probably 80-90% are doing relatively small buy/sell orders, like less than .01 BTC or .5 ETH. Then factor in there’s dozens of exchanges covered by all of the bots, probably 50+ different buy/sell strategies with customizations, and dozens of different coins to trade on.

It’s highly unlikely the builders profits are getting hurt significantly.

Yeah I guess I’m a dumbass

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Au contraire. Consider depending on your cunt of origin, local kyc laws, language barriers, exchange volumes, etc. at most you are limited to 10-20 good trading spots and that's where everybody already is. Binance, Bittrex, HitBTC, Cryptopia, Kucoin, the usual suspects. Now, even for a working strategy, you aren't dumping a ton of money into any one trade simply because if the market isn't going to let such a glaring inefficiency exist. There are too many eyes on this stuff. So your exchanges and trade volumes are limited by practicality. Next, if your bot works really well, you'll be in 6 figures in no time. Once you get to 200k plus, the liquidity issues become very very real. And nobody wants to stop at 200k as you haven't made it yet.
As far as the configuring goes, this is that part I mentioned about make it "plausible" despite no working strategy. It looks complicated, you see the options, Bollinger Bands, EMA, etc. and you want to believe. It's fools gold, user and you've been sold a dream. Not only will you waste your money but there is opportunity cost. But you sound convinced so give it a shot if you want.

I’m making about $250 a day off a $25,000 initial investment on Bitmex. 1-3% returns every day for past 30 days.

Ok stop you don’t know what you are talking about. We’re talking about market making.

I recently coded my own trade bot for 5 exchanges (I only use yobit, cryptopia and koinex) for arbitage trading during PnD. I go to discord severs and wait for it to start and then suck the life out of them.

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Trading is a meme.

How can I code my own bot using Python?

Well first my dream is making money...seeSecond, you are correct, the market does put limitations on you. There’s no way you can exponentially grow with any of these bots because the larger your trade orders the lower likelihood they get filled. But again, you listed off 6 exchanges. Each of them have how many coins actively trading? My point is with the thousands of different combinations of coins, exchanges, and strategies, there’s enough to go around.

Im actually developing it at my job. Ama

Tried making a profitable market maker forever, but I think I'm just getting outskilled.
I can work on simple rules, but not complex time series analysis or neural networks. Sucks really.

Reggie Bot. Ask me for more info or call me a shill I don't really care but it's making me money.

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listen.
if you had a bot that would make returns of around 50% a year. what would you do?
1) sell it and ruin it over time
2) take as much loan as you can find and use your private software?

its quite obvious isnt it

Yes, it was great before the Bart era. The barts though don't consistently occur in exactly the same way or in line with a particular indictator. And they spike so much they blow through the usual safeguards. I switched it off and went back to manual trading for now. Shame, was doing a nice consistent 1% to 2% per day. Would like to try out a market maker not and an arbitrage bot at some point.

For retail purchase or company use?

I had reggie bot running during those last two barts a couple days ago and it did just fine.

If you need to ask that question, forget it.

Good luck. Wait til it's just filled a bunch of orders in the wrong direction and enjoy the bags.

Let me translate
>I pick up pennies in front of steamrollers, market making in a market as volatile as crypto can't lose. Bart is a meme.
The reality is, yes, you will make your miniscule percentages with market making. Then you lose dollars on the next bart down which wipes out your earnings. How you think this is some special strategy I don't know but you're wrong.
Don't base your decisions on some random screenshot. You're gonna do this, I'd suggest starting real small, and uh, see how it goes.
Give it a few months before tooting your horn.

Well I guess I purchased a working product from dumbasses then. Lucky me.

And again, as I pointed out to the other user, the market diminishes your profit as your trading stack gets higher. I can easily get a 1 ETH order filled but I’ll get partial fills on 5 ETH. If you took out a loan as you said, you wouldn’t get the full benefit of the money you’re using to trade with. That’s also why I know I won’t become a billionaire next month because my profits are capped at a certain point.

how? that's what I'm telling you. both barts it was up to %350 -ROE and then was able to close both in profit.

that's how it works, it spends about 10 hours in a negative position and then closes you in about 1% profit at very end.

liquidation price is like $200 for a position sized around $10k.

not tooting horn just want to talk about it. either get called a SHILL or people have no idea what a market making bot is.
what are the downsides and risks here? have you used reggie bot before?
thinking about adding to my stack.

>Don't base your decisions on some random screenshot

That was my phone...

>that's how it works, it spends about 10 hours in a negative position and then closes you in about 1% profit at very end.
horrible lol

i actually make really good money on a daily basis using the cryptohopper bot doing arbitrage

>horrible lol
why?

are you saying if I buy the same program and use the same strategy with 5 ETH stacks, you wouldn't be able to get your orders filled?

Which plan are you using?

Generally as far as the theory goes, markt makers should work to keep their inventory small.
The way you describe it, it just gets hit on a really big move on the wrong side, and then spends 10 hours averaging down until it can finally close at a profit? Huge recipe for disaster.

its important to note i give my bot 300 ETH to trade with. the more you allow the bot to trade, the higher your gains are obviously. its worth it in the long run.

i pay $100/mo for my hopper sub, its worth it and pays for itself. there are tons of settings you can use and its a very active community. the main discord and trader discord for hopper are very useful.

this makes no sense since the orders are spread out in tiny tiny buy orders of like $25 max over a period of 12 or more hours

it's a market making bot so it places small ($25) orders with cross leverage while opening counter trades and keeping a take profit stop open. So after about 10 hours you will have built up a position of about $2,000 after putting out a "grid" of buy/sell orders.

It operates off of volume and volatility.

you are admitting you just got lucky since the markets recovered. you would've be fucked up badly if it didnt. pure luck you are still above water, nice bot you've got there. hope you dont pay a lot for it

also if youre american, dont let your bot do more than $600 individual trades, any higher than that and u have to pay taxes on it.

I have a working swing trader bot. Come at me plebs.

Signals, bought couple of different ones. Im not claiming it's huge profits but its not bad for basicly not doing much really.

huh? I just want to talk about market making bots and I don't think you know what the fuck you're talking about

Not impossible, no, but less likely

If you're done fighting over nothing

anyone got some simple backtesting projects/packages for nodejs? (also some template bot would be appreciated as well)
I have some ideas but don't wanna spend a couple days writing boiler plate code for this stuff

this
wanna elaborate a little? not strategy obviously

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1) your strategy is ultimately based on luck
2) you wont get orders filled

pick your poison

How many pairs do you run?

you don't even know what the strategy is. are you saying all market maker bots don't work? what are you using?

so you are profiting on the chance that Im not buying the bot, or someone isnt stepping up their game? yeah.. long term profit for sure

Lots of fucking idiots () in this thread.

Here's some resources that I used but I would also suggest checking out ReggieBot (even if just to see how they run trades). Three day trial is free and weekly is about $25.

ETH/BTC
ETH/XMR
ETH/LINK

the major rule to follow is that you dont let the bot trade anything you wouldnt want to bag hold anyways. obviously when the market is like it is you have to set stop losses so the bot isnt bag holding for too long and can buy more, etc. dyor of course its fun as hell and actually makes good gains once you figure it all out

>reddit.com/r/BitMEX/comments/7l3aae/is_the_sample_bitmex_market_maker_bot_profitable/

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>it spends about 10 hours in a negative position
What I'm telling you is inevitably you will find yourself in an infinitely long negative position. Eventually the price will go down and it will not go back up or it will take so long that the money you have in the position would have been better off in a buy and hold strategy from the very beginning. You need to wait a while and see how this works longer term before you claim it is a winner. After at least 6 months, calculate your gains vs. just holding and if you are up, congrats. Then see if you can repeat the success long enough to make it.
>That was my phone...
And? Let us know when you have a million in your account and your strategy beat the market long term.
Arbitraging what? Between exchanges? 3-way arbitrage on the same exchange?
>are you saying if I buy the same program and use the same strategy with 5 ETH stacks, you wouldn't be able to get your orders filled?
If the bot works, you won't be at 5 ETH stack for long, that's (part of) the point.

tl;dr Every one of these bots, be it market making, bollinger bands, whatever will get rekt on a market downturn. If you have a working strategy, you keep it to yourself so any bot you bought is by definition worthless, even if your bot "works", you have to compare the gains to buy and hold which usually wins. Also, for the resident arbitrageurs, if you are holding multiple coins on different exchanges, great, but are you beating the market, and if you're trying to move coins around, all it takes is one "wallet in maintenance" to rek your shit. Good luck.

no I'm not saying all the bots dont work. I assume you are also long on BTC or ETH, or at least hedged those to usd 1-1?

You opening small positions and counter trading them on take profits - is however a luck based strategy. You hope your take profits outweigh stop losses, and thats about it.

>paying subscription for bots
I'm not interested in paying, I'm a code monkey looking for a shortcut

Assuming you were on the same exchange, ran the same pairs, and started your bot at the EXACT same time as me (not all pairs are process simultaneously), and had the EXACT same trading strategy, and assuming that less than 10 ETHs worth would want to be purchased at that price, then yes you could hypothetically get in my way. Since that’s statistically improbable, I’m not too worried about you getting a bot.

I forgot the link but here is the shortcut. Also I said you didn't have to pay. You can run it for three days without paying.

>infinitely long negative position
You don't know what you're talking about man. I'll ask one more time; what market making bots have you used or what parameters have you used?

Sorry I might be confused but with arbitrage shouldn’t the buy/sell orders move pretty quickly? Like it’s just profiting off the difference in prices between exchanges I thought?

Also, you’re able to get fills with 100 ETH orders?

amen. im with you on this. these morons are too sheep to even recognize they have been played, and are happy to pay for it.

>I forgot the link but here is the shortcut.
>12 posts by this ID
That's it
I quit Jow Forums
you're all subhuman 20 IQ pajeets

no, the bot has a max of 300 eth to buy with.
every order i keep it around $570 in USD value
this means i dont have to pay taxes on the crypto/crypto trade

the bot at any given time will have several open orders. all worth $570

H-how do you guys handle taxes?

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For company use. Were testing it on some emerging markets

haha so all your bot trading relies on that your bags dont get heavier? posting 100% 'gain' is still underwater for you? jesus what a trading god.

What tax rule is this?

>>infinitely long negative position
>You don't know what you're talking about man.
Are you for real? You don't think a coin can go down and not back up? You don't think a coin can go down and stay down long enough that you would have been better off buying and holding the market? You don't know this and you ask me if I know what I'm talking about?
As an answer to your question of what bots I have used and what my parameters are, it just so happens that I built my own bot that has a few strategies I've found useful. One is kind of like market making or at least what you would call market making, the only difference is I've found a way to make it work long term. You won't find the strat on any web sites and I'm not selling. Cuz it works.

Hodling also kind of relies on your bags not getting heavier...

You're making a FOOL out of yourself.

no i have a sell trigger set at 1.25% which starts profit trailing stop loss, if it falls below .50% after that it sells.
on avg i take home 1.1%-2.4% gains daily

>>reddit.com/r/BitMEX/comments/7l3aae/is_the_sample_bitmex_market_maker_bot_profitable/

and why would you hold if you are trying to trade a profit?

exactly what I laid out for you - pure luck.

tell me how your gains are USD wise in a year. looking forward to it haha

listen you ignorant nigger, ive been using bots for literal years. the gains are real if you arent such a turbo autist to figure out how to properly bot trade. its not fucking rocket science, its bot science.

if you kiddos really want to make money on bots, look into interest bots @ polo and finex.
that was a free and first real bot trading tip ITT

I coded my own bot using python. My strategy has shown to be profitable without accounting for slippage. It makes mid-term trades using combination of TA and sentiment index.
I've started messing around with neural networks recently for a possible short-term trade strategy but that's a whole nother rabbit hole to sink 1000 hours into.

Currently testing automated trading right now, but it's a very long and arduous process. every time you think you have it there's another fucking roadblock that takes 20 hours to debug. it's no wonder people get paid well over 100k/year to run these things for trading companies

if you made 1% daily for 2 years you'd 1400x your money
if you would 1400x any sum above 1k$ you wouldn't be posting in this pajeet infested pot of shit
that makes you a pajeet

I use a lending bot on poloniex, works pretty good.

>medium.com/@noogin/illuminating-the-bart-pattern-in-bitcoin-the-momentum-ignition-algorithm-864e7a9949e9
Understanding these algorithms helps.

chill there boi.
i've made a bot myself, and happily living off of it.
your Bot-for-rent will surely post great returns for you.
Heavy bags weighing on your back? It wont get better buddy.

The only fool is the person implying market making is some kind of holy grail strategy that can't lose. That person is you. Market makers get rekt every day thinking the price is going back up enough for them to get out. It often doesn't. Simple as that. Pretending otherwise is idiotic.
>on avg i take home 1.1%-2.4% gains daily
>ive been using bots for literal years
Then you are a trillionaire or at least a multi multi millionaire. Except you are not. Some part of your story has to be a lie. Daily gains like that for "literal years" is beyond Warren Buffet.

I can't fucking believe this thread and all these larpers in here shilling this snake oil. Fuck man, I have my own bot I wrote from scratch but I'm not out here selling it and I can assure you, "market making" or arbitrage or whatever other bullshit Haasbot or Gunbot does is a loser. Period.

>Market makers get rekt every day thinking the price is going back up enough for them to get out.
Bro this is like the most basic market making 101 shit you are talking about.
Yes. If BTC drops under $250 about 5% of my stack will get liquidated. HUGE RISK THERE LAD.

hey newfag, biz made me filthy rich cause i was here when ETH was being shilled.
fuck off, board culture is who i am

Well you wouldn’t. No bot has the ability to buy at the exact lowest point of the market. You’ll have plenty of negative positions but they eventually trade for profit. My bot usually clears in about 2-3 hours on average but I’ve had bags for over a week before

I've read this before. It's useful but I actually considered these trades mid-term trades. For me short-term is seconds-minutes. Mid-term would be days to weeks, which is more in line with the bart pattern

sold a lot of gunbot back in the days for like 2BTC but burned it all using it.

if your liq price is 250 and that would risk 5%, I've got news for you.
1) you are larping
2) your whole bank roll is < 1000
3) you are probably trading < 10 usd orders that proper exchanges consider spam haha.

so now your story changed from huge gains by trading, to being early investor?
make up your story already larper.

If you never took profits and assuming you could fill orders of a high magnitude after a certain point, then yes. But neither are the case I would imagine

You are an idiot. Holy shit I've been saying that order size is $25. Position size rarely gets above $2500 with cross leverage over a 12 hour period. You have no idea what you're talking about.

I understand the concept perfectly. What I'm saying is the profit minus the liquidations is ultimately negative. You can get lucky short term but you will lose long term if not in absolute numbers then certainly compared to the market as a whole. This is assuming you are running a traditional market making strategy where you are playing the spread or close to it. If you have some special sauce then you are proving my original point which is that, yes, there are working bots, and no, you can not buy one.

stay assmad faggot. do you honestly think oldfags dont use this board? this board is where all the oldfags go, go back to where you belong shithead

>What I'm saying is the profit minus the liquidations is ultimately negative.
Wrong. Not even sure why you're arguing against this so hard.

No one will sell a profitable strategy, nor give it away in text. Because the moment you do the strategy stops being profitable, fast.
Look up "variance" and "ev" if your winning at the moment with a third party strategy.

Actually a volumetric based market making strategy on an exchange like Bitmex can be more valuable the more people that use it. Most markets have a behind-the-scenes market maker (like GDAX) but some (like Bitmex) still need the liquidity.