Quote from: melodiem on January 30, 2014, 02:00:28 AM

Quote from: Hunterbunter on January 30, 2014, 01:03:11 AM

Bots are generally closely guarded secrets because they're so powerful. They take away the emotions of trading, so you can set a strategy and just let it go

I am seriously uncomfortable with the entire thing, to write for Devtome forces me to become a currency trader, something I wouldn't do in any other environment to get paid for my work. I suspect a lot of newcomers are going to be challenged by it as well so a bot would be awesome and might make this just a little less traumatic for some of us

If you are able to make one for commercial sale, would it ever be affordable for a writer or developer being paid in DVC?

Definitely, I personally want to see the devcoin project succeed, and if releasing a bot at an affordable price means there's one less down side to accepting payments in devcoins, I'll consider that a win. To make one that works with all the various exchanges and coins and everything, it's a lot of time I have to take away from my other important projects. The EMA-Volatility algorithm I wrote is for people who want to hold on to some coins (in case it goes to the moon!), but keep some in reliable cash in case it doesn't, as well as earn some interest just for providing market liquidity. You can add/withdraw from your account in either currency and it'll automatically adjust to the new balances. In that regard it's a bit like an interest bearing savings account...but managed by a bot.

I do need help working out what an affordable price is, though...anyone have any ideas?

Quote from: melodiem on January 30, 2014, 02:00:28 AM

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The thing with markets is you'll never know if you're actually taking advantage of fear or if you're simply providing liquidity (ie someone is genuinely purchasing/selling them for an intended use). It's a bit like how some countries have the practice where there's only one real bullet in a firing squad, so no individual shooter knows if they were the one that took the life.

I think though, that real success in trading means actually hoping and even being a bit delighted by fear/negative forces to help with that success. In the end, those who might not be as hard-nosed or cant afford to lose so they react to fear, are always going to be the losers. (IMO)

That's right - I've heard it said that the ratio of psychopaths to normal people are higher in CEO positions than any other profession. I'll bet day-trading wouldn't be far behind...and I actually wrote the bot because I was a terrible fear driven trader lol.