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I built a bot to trade on MtGox just as it was going down. It was exhilarating. I have it trading on BTC-e right now and it's open source. I don't make much fro
by pontifier 12y ago
I built a bot to trade on MtGox just as it was going down. It was exhilarating. I have it trading on BTC-e right now and it's open source. I don't make much from it, but I don't have much invested. It's more of a test.
Unlike the original poster, I'm not afraid of anyone gaming my bot. So far, the bot hasn't made ANY bad trades. It's also not a High frequency trader. Basically it decides what trades would be good for it, and makes a buy and sell limit order, then waits. If one happens, then it cancels the other, and recalculates what to do. If both happen, all the better.
It's based on rebalancing a portfolio. And just the idea that it actually works might be more valuable than anything the bot has made so far.
If people are interested it's at Github.com/pontifier/rebalancer.git
- alexchamberlain 12y agoHow does your bot determine the ratio, or more precisely the price it uses to determine the ratio?
- pontifier 12y agoIt looks at what your holdings are, and calculates what the asset price would be if you were at the ratio you set. It then makes trades on either side of this value. It doesn't even look at a ticker. The only input is whether a trade is made or not, and the balances you have of each currency.