Re: Great list of ⚉ bots ⚉ & HelpDesk - Updated: 02/21/2018 - Automate your profit!
I am thinking about trading BTC/USD with a bot.
If BTC goes 1% down bot auto buys.
If BTC goes 1% up bot auto sells.
Assuming that BTC will rise in value longterm, this bot should make more profit than simply holding, or not?
I am wondering if there is any flaw in my thinking. Please advice.
If BTC goes 1% down bot auto buys.
If BTC goes 1% up bot auto sells.
Assuming that BTC will rise in value longterm, this bot should make more profit than simply holding, or not?
I am wondering if there is any flaw in my thinking. Please advice.
I think it is correct. C.A.T. e.g., does that, by starting with a ping and set the target gain at least of exchange fee buying + exchange fee selling + 1%.
Remember, that you can only trade if there is such a trade in the book available. You might not be able to sell/buy all the amount as you like, e.g., if it is not in the book, or if your trade volume isn't in the size the exchange accepts (Example: you want to trade 23.4567, but the exchange only accepts 23.45)
Thanks for your feedback.
Yes I know. But I think as long as the amount is not too big, that should be a minor problem.
I already coded such a bot and did backtesting with historical data and got very good results.
I guess i will just give it a try
