So I guess it's "spread bot", what you'd call a dealer in traditional stock markets
that's interesting because I was thinking about coding one, there is plenty of not-so-much liquid market on medium market cap coins
but you still have to guess how the market will "move": will people tend more to sell at your bid or to buy your ask. how do you manage that without human supervision?
Exactly, especially knowing that the cryptos are so volatile! I'm not actually putting the first bid or first ask, depending on the conditions, I go a bit deeper in the order book, I can also modulate the amounts trading to reduce my exposure. I implemented a lot of parameters to adapt as good as possible to the market.