Quote from: 20kevin20 on June 04, 2020, 11:38:15 AM

Quote from: avikz on June 04, 2020, 11:32:00 AM

Lol! You better find an astrologer who would predict the market for you!

No bot would know when the price has reached 24 hours low or when it will reach 24 hours high! Those inputs should be user defined and bots will just help the trader to execute seamlessly. Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

If someone advertises his bot to have artificial intelligence to detect such things, stay clear out of that! There's no easy way to make money with bots. You will have to ask your brain to come into play at all times!

I think there's actually a possibility to do it without having to predict anything.

Take a 24h chart. In the past 24h, say BTC's lowest point was $9,000 and the highest one was $10,000. If BTC hits $8,999.99, the bot would buy while if it hits $10,000.01, it'd sell. In 5 minutes (or whenever the 24h data changes), the figures could change.

There's no need to predict anything. Just take the data from the past 24h and make use of it if I got it right - a quite interesting idea.

I am sure you didn't read my post completely. I have said,

Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

But that's not what the OP is asking for. For a volatile market like bitcoin, trading on the basis of previous day's high and low, wouldn't make sense! If it was for a somewhat stable asset, it would've worked, otherwise no!

To predict the current day's high and low, you need an astrologer:D