Post
Topic
Board Trading Discussion
Re: Chrome Browser extension: MtGox trading bot
by
TobbeLino
on 10/05/2013, 12:49:04 UTC
It seems to be "unproof" from minimal price fluctuations (like those from 2013-05-09 09:00).

I think it could be improved adding more smart algo to decide if to buy/sell (ie concerning also wallet history)
Did first step in this direction - just pushed mod which gets wallet history and displays it under chart.
Now we can think how to use the data deciding on current trade ... maybe some additional "wait" mode ? (as extention of currrent tradeEnabled flag)

When the market is calm, like yesterday, it's probably better not to trade at all. No bot (or person), regardless how smart they are can make money on a market that stands still. You need a swing (that is larger than the fees).

Also, taking wallet history into account when making buy/sell-decisions sounds wrong for a bot. Because that's exactly what people do when they trade, and that's why we need a bot to keep our feelings AWAY from the decision making Smiley
After all, your personal wallet history or trading history never ever affects the future of the market, and if you think the price will go down you should sell - no matter what you paid, and if you think the market will go up, you should buy, no matter how you have traded before... But for people it's very difficult to keep the emotions away - at least for me Smiley