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18637445 No.18637445 [Reply] [Original]

is wiritng an algorithmic trading bot worth the time?

>> No.18637464

Yes it is. How do I get ahold of you?

Needs to:
Buy bitcoin / buy altcoin such as LINK / sell altcoin / sell bitcoin into USDT / wait for dip / repeat

All these people not using that strategy and day or swing trading coins have no idea what they are doing.

>> No.18637499

>>18637445
If you are a good programmer -> NO
If you are a good trader -> YES

>> No.18637517

Just use Gekko, Cryptohopper, Gunbot or any other service. Cheaper and will get you up and running within a day.

>> No.18637534

>>18637499
so it's better to get strategies down first essentially?
>>18637464
I don't touch crypto anymore, it uniorncially is a ponzi scheme
>>18637517
I know how to program so its no big deal, I also don't trade crypto

>> No.18637542 [DELETED] 

>>18637534
Okay so why did you ask?

>> No.18637554

Nevermind I see you want to make a stock trading bot

>> No.18637833

>>18637534
explain to me how it is a ponzi scheme pls.

I have one bot (long only) that monitors sell wicks on all binance coins, and buy them upon detected. It is a rare event, but when it comes up I have big unrealized profits.

Now I am trying to create a bot which can track the supply demand zone, been doing it for months now but still no concrete solution. Whales are so clever at manipulating the charts.

>> No.18638056

>>18637833
how much money have you made from it, and what languages/frameworks did you use to make it? Ty

>> No.18638620

>>18637833
>explain to me how it is a ponzi scheme pls.
well if you're just trading it it doesnt matter, outside of that crypyo massively benefits the original owners and the bagholders are left with no tangible product with any inherit value (stocks you own part of a company)

>> No.18638641

>>18637445
That's retarded.

>> No.18638994

>>18637534
Try Quantconnect it has pretty easy API.
You can make a script in python and upload it onto the platform and run it against historical data.
Your gains can be even compared against community so you get the idea where it puts you on a bell curve.
You'll see that the actual coding is simple as fuck (I'm a programmer so I might be biased in a sense).
The real problem is getting "business logic" down so the bot actually makes reasonable buy sell decisions based on backtracked data.

>> No.18639018

>>18637445
hard to say, you should write an algorithm that analyzes whether or not it is worth the time to write an algorithmic trading bot to let you know

>> No.18639035

>>18639018
I'll get you started.

def should_OP_write_bot():
return False

Good luck op.

>> No.18639052

>>18638994
thanks anon, thats what I thought. To be honest ill only be writing a trading program to "alert" me on trends or developments (financials, earnings, etc) rather than anything that would automate trading since id be competing with Ivy level Quants there

>> No.18639876

>>18637445
Do you have an algorithm? Like a trading pattern you can execute manually that makes you money that you want to automate or speed up with programming?
Personally I started working on a machine learned trading bot. Haven't put it to work yet though.