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Board Service Announcements (Altcoins)
Re: 【BOT】 C.A.T. Cryptocurrency Automatic Trader (100+ Feedbacks) BITTREX is Active!
by
Vagnavs
on 08/08/2014, 22:59:52 UTC
Quote from: statdude on August 08, 2014, 10:30:36 PM
Quote from: Vagnavs on August 08, 2014, 09:11:14 PM
Quote from: statdude on August 08, 2014, 07:54:49 PM
Quote from: kieco on August 08, 2014, 05:15:29 PM
Quote from: statdude on July 26, 2014, 09:46:59 PM
Quote from: Sampey on July 26, 2014, 08:23:12 PM

 "he must create orders always on top of book orders".


Yes, exactly! Always stay on top of book orders buy/sell.

I think this is very important because what if the market goes up and I stuck on a "bad" buy order that is too low? I'd rather keep trading and on average I will still gain even if some trades lose, because I am making the market (the spread) between buys and sells, on average this will be at least 2%+ and sometimes the market will move my direction and I'll make much more. It will all average out.

It's just like sports betting - you don't win every bet. You just want to win 55%+, over long term, you will make more BTC this way. I don't care about 100% win rate. I will just end up having to manually reset the orders and it defeats the whole point of the program and I will just go back to manual trading. Nearly every day Cryptos move 10% plus and I don't want my orders getting left in the dust.  

It seems like it would be relatively simple to add, you have a lot of settings like this already?

Does anyone else agree? What would be "prohibitive" cost to add?

Thanks!

I would also like to know if this can be done.
I hate waking up with buy orders that tanked 20%.
I would prefer to constantly trade in the min% no matter if i am at a loss.

Any suggestions?

So, we're in the same bot.

No suggestions. We just have to wait for Sampey to fix it.  Smiley

What is all broken? Should I even be using it? Any feedback would be great!
Regards,
Brian

Are you using it currently?

It's fine if you want a 100% guaranteed profitable trades. That is currently a forced feature of CAT.

kieco and I agree this is unrealistic. We just want the bot to trade with the orderbook. Otherwise, orders will get "stuck" sitting there forever when the market makes a move up or down. You'll just end up manually cancelling and reinserting them, defeating the point of the bot.

Nobody will have more than 50%-60% winning trades. Markets move. The way the bot should be designed to make money is on the average spread between bid and ask.

If it averages 3%, the on average, you'll make 3% roi per trade. 1% spread = 1% average ROI. Sometimes you'll profit more, sometimes less.

Wider markers are out there, but you'll get less volume.

Yes, I am currently using it.. Yes I get orders stuck sitting for some time.. That's what I thought the bot would work (average spread between bid and ask).

Thanks for the feedback,
Brian