/biz/ - Business & Finance

I'm too dumb to understand TA, too lazy to learn complex algorithm, and too skeptical to use/pay someone else's bot

So I just wrote an altcoin trading bot that simply follows best bid in order book
The price of the bot's bid is relative to that best bid

For example if best bid price is X, bot places a bid at 99% of X
If best bid increases, bot moves it up
If best bid decreases, bot moves it down
This occasionally catches those big red dildos
If it does, then immediately place a sell order for small profit

Sometimes it's bought and sold immediately because of long red wick down and/or other ”buy the dip" bots buying my bot's sell order

Dumb strategy I know