Post
Topic
Board Trading Discussion
Re: Trading bot
by
coine_
on 24/02/2016, 12:42:13 UTC
i have checked many bots a while ago, but i could not yet find a bot that meets my needs.
there are currently two sets of bots found. (just google bitcoin or altcoin trading bot and you will find many)

the open sourced bots, which are good because they are open source so there is no doubt of their true purpose. but at the same time they are not as good and don't have enough features to use.

the closed source not free bots, which are bad because you can't tell what they will do with your API keys and also you have to buy them, but they are better because they have more features.

but none of them are good enough, the only bot which can be good is the one you code or hire a developer and ask him to code it to your needs.

What would you think of a bot that is not open source but only charges you if it is profitable?

Would you pay for it or not?

well, i prefer the bot to be open source because even if i don't understand the code or don't have time to check it, others will so it can be trusted.

but if the bot is not open source but reputable, it needs to be a very good one that gets my attention. i will be hesitant to use it of course but if it is profitable i might.

Quote
only charges you if it is profitable?
can you explain more about this part,
do you have something specific in mind?

There is no one that can guarantee that you will profit when using a bot. And if they are they are full of BS.

I want to build a bot that trades automatically on a hourly basis. I was thinking of a monthly subscription around $20. But If it losses you money then you don't pay.

The trading info is available to everyone for free but if you want the bot to trade automatically then you have to pay for the subscription.

That way I will use the money to continusly improve the service and you will earn money.

A win-win situation.