Re: [ANN] Bittrex / Poloniex / Cryptsy All Coin Trading Software, Quatloo Trader.
Hi!
I am new here and just installed your app yesterday for the 1st time. I must say it is super awesome! Works flawless and is rather simple to use (once you get past the feeling of "so many buttons and controls, how do I use it?").
So four questions from the noob...
1. Can it do "ping pong" on multiple pairs or just one? Every time I switch the coin pair, the current auto settings dont change. If cant do in one app, can I run multiple instances of the bot on same computer?
2. What is scalp mode? When do I need it on and when off?
3. What are advanced arbitrage features? Can you post a screenshot? When are they needed? I dont mind getting more qtl to enable them, but I want to know what I am buying first.
4. Is it possible to "pump" a coin with your bot? Lets say I have 1 BTC and 100000 shitcoins which price is 100 satoshi. Can I press a button and start the upward buying trend on this coin. Buying from myself every time higher and higher? Also create volume on bittrex to save the coin from delisting.
Thanks
I am new here and just installed your app yesterday for the 1st time. I must say it is super awesome! Works flawless and is rather simple to use (once you get past the feeling of "so many buttons and controls, how do I use it?").
So four questions from the noob...
1. Can it do "ping pong" on multiple pairs or just one? Every time I switch the coin pair, the current auto settings dont change. If cant do in one app, can I run multiple instances of the bot on same computer?
2. What is scalp mode? When do I need it on and when off?
3. What are advanced arbitrage features? Can you post a screenshot? When are they needed? I dont mind getting more qtl to enable them, but I want to know what I am buying first.
4. Is it possible to "pump" a coin with your bot? Lets say I have 1 BTC and 100000 shitcoins which price is 100 satoshi. Can I press a button and start the upward buying trend on this coin. Buying from myself every time higher and higher? Also create volume on bittrex to save the coin from delisting.
Thanks
I am most definitely not the dev but I have enough experience trading to answer your questions to a point.
Pingpong, it doesn't appear that you can pingpong on multiple pairs on one exchange at a time. And yes, you can run the bot more than once, but be careful with the api calls on the exchanges, bittrex is now at 1s/call, polo is at 3calls/second, and cryptsy I have no clue, I never received a response to my inquiry when I was investigating why the bot went funky.
Scalping is a time "honored" technique of taking a very small profit from the market, IE, buying @ 0.01 and selling at 0.010001, so long as you cover your tx fees and make a small profit.
Arbitrage is taking advantage of the price differences between markets, if you can buy xyz from polo @0.01 and sell at cryptsy for 0.011, thats an arbitrage. The advanced arb features are only needed if you want to arbitrage, you don't need to unlock them if your going to use the HFT functions.
Pumping a coin? Most exchanges if not all are setup to not allow you to trade with yourself. If your looking to pump a coin, you will need to learn how the pump and dump works and how to orchestrate one. This is not the place for to discuss that.
Thank you for your reply.
PS: I don't want to "pump and dump". I want to "pump" only: lose some of my own BTC, but raise the price of a coin and save it from delisting.
Your wanting to Pump only, but what happens when you stop pumping? It crashes and eventually gets delisted. You would be better off in the long term by raising adoption and recognition of the coin you want to save.
If you believe in the coin longterm and are willing to risk some coin, you could setup some buy walls and start accumulating that coin.
If you just want to push the volume of the coin, setup 2 bots running on 2 different accounts/apis and use them to pingpong the coin, you will be buying and selling from yourself but it will increase the volume. Do me a favor and tell me what coin so I can get my bots on it as well.
