NexusFi: Find Your Edge


Home Menu

 





Automated crypto trading


Discussion in Cryptocurrency

Updated
      Top Posters
    1. looks_one TraderWalrus with 3 posts (0 thanks)
    2. looks_two Ozquant with 2 posts (0 thanks)
    3. looks_3 AlphaOmada with 2 posts (0 thanks)
    4. looks_4 tpredictor with 1 posts (0 thanks)
    1. trending_up 8,196 views
    2. thumb_up 0 thanks given
    3. group 16 followers
    1. forum 11 posts
    2. attach_file 0 attachments




 
Search this Thread

Automated crypto trading

  #1 (permalink)
TraderWalrus
Bangkok Thailand
 
Posts: 36 since May 2016
Thanks Given: 15
Thanks Received: 17

Any half decent solutions out there? I'd like to automate a strategy on bitcoin and possibly on other cryptocurrencies.

Currently I can only do that with the CBOE / CME futures, however they don't trade on weekends plus I'm not that excited about the liquidity and spreads.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Are there any eval firms that allow you to sink to your …
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Futures True Range Report
The Elite Circle
ZombieSqueeze
Platforms and Indicators
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
25 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #2 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
Thanks Given: 167
Thanks Received: 380


TraderWalrus View Post
Any half decent solutions out there? I'd like to automate a strategy on bitcoin and possibly on other cryptocurrencies.

Currently I can only do that with the CBOE / CME futures, however they don't trade on weekends plus I'm not that excited about the liquidity and spreads.

I was like many oldtime traders and very anti crypto and still think its a limited life ponzi sceme BUT the price action and volatility has me now trading it and i am loving it . I feel the majority of crypto traders are very naive greenhorns and as a collective make all the wrong moves . Currently working on an automated system and will get back with some results soon . I am trading IG markets CFD cryptos and the spread is huge but given the volatility i am fine with it . As long as you size within limits of portfolio risk its a no brainer . i can only get 30% margin and thats too much too go full weight given the volatility . Anyhow i thinks its a very attractive instrument to trade now that i have finally had a measured look .

Reply With Quote
  #3 (permalink)
 
stocksharp's Avatar
 stocksharp 
Moscow, RU
 
Experience: Advanced
Platform: StockSharp
Trading: ES
Posts: 38 since Mar 2014
Thanks Given: 3
Thanks Received: 13



TraderWalrus View Post
Any half decent solutions out there? I'd like to automate a strategy on bitcoin and possibly on other cryptocurrencies.

Currently I can only do that with the CBOE / CME futures, however they don't trade on weekends plus I'm not that excited about the liquidity and spreads.

Short answer is - NO you cannot.

Unfortunately stock exchanges lost 3 the major points in compare with crypto exchanges:

1) Extremely low liquidity (sometimes by unfair prices).
2) Most of BTC are collected by guys whom do not wanna track by any government (especially US).
3) All disco party how in alt-coins (100-200% per weeks). Forget about BTC and ETH. Now it is as a underlying conversions between for example XRP <-> ADA. And I'm really doubt BTC and ETH will the same drive like it was in 2017.

BTW - our crypto trading platform - Crypto connectors ? StockSharp Crowdfunding Only for investors - not for sale not for redistribution.

Follow me on Twitter Reply With Quote
  #4 (permalink)
Ozquant
Brisbane Queensland Australia
 
Posts: 220 since Aug 2017
Thanks Given: 167
Thanks Received: 380


stocksharp View Post
Short answer is - NO you cannot.

.

Would,nt be so sure of that , I will admit its difficult to backtest given the ever changing spread but i am very confident i will produce an algo . Given the average crypto trader naivety and pretty pure price action i think it potentially easier things to auto trade .. But each to their own , i'm from the school that says those who say CANT are expressing their limitations not anyone elses ...

Reply With Quote
  #5 (permalink)
 tpredictor 
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
Posts: 644 since Nov 2011

You should look at some of the open source solutions. There are a few. I haven't had time to try them though. There are several advantages and some disadvantages to trading crypto on non CME platform. The CBOE might be worth more consideration. One major advantage is that if you want to make a market making bot then you can layer in your trades with micro-size using limit orders. This allows possibility to experiment with various limit order style of trading. One can also deploy automated strategies at micro-size and scale them up.

If you use market orders then the costs can be high at places like GDAX-- obviously not insurmountable but must be understood.

You must decide if you will be dollar based or prefer to be Bitcoin based. In other words, is your goal to accumulate as much Bitcoin as possible or as much dollars as possible. In bull markets, it is better to be Bitcoin based. But in bear markets, it might be easier to be dollar based. Some exchanges will favor being dollar or bitcoin based. Now, you can always short, in theory, if you are bitcoin based at 1:1 ratio and hedge to dollar.

Keep in mind there is already a ton of algorithmic trade in BTC products which is very obvious to any tape reader. Most exchanges offer rest API for the data but it is some work to get it. You should only use data from the exchange(s) you will be trading on as data from other exchanges can vary significantly -- but could be used for robustness testing.

Some strategies that might be worth exploration would be: arbitrage among various exchanges, passive liquidity provision/market making, and price based directional strategies.

Reply With Quote
  #6 (permalink)
TraderWalrus
Bangkok Thailand
 
Posts: 36 since May 2016
Thanks Given: 15
Thanks Received: 17


Ozquant View Post
I was like many oldtime traders and very anti crypto and still think its a limited life ponzi sceme BUT the price action and volatility has me now trading it and i am loving it . I feel the majority of crypto traders are very naive greenhorns and as a collective make all the wrong moves . Currently working on an automated system and will get back with some results soon . I am trading IG markets CFD cryptos and the spread is huge but given the volatility i am fine with it . As long as you size within limits of portfolio risk its a no brainer . i can only get 30% margin and thats too much too go full weight given the volatility . Anyhow i thinks its a very attractive instrument to trade now that i have finally had a measured look .

Yes, it has reached a stage it's difficult to ignore, related trading infrastructure is still very basic though. Regarding IG, don't they offer only Bitcoin and Etherium CFDs?

Reply With Quote
  #7 (permalink)
TraderWalrus
Bangkok Thailand
 
Posts: 36 since May 2016
Thanks Given: 15
Thanks Received: 17


stocksharp View Post
Short answer is - NO you cannot.

Unfortunately stock exchanges lost 3 the major points in compare with crypto exchanges:

1) Extremely low liquidity (sometimes by unfair prices).
2) Most of BTC are collected by guys whom do not wanna track by any government (especially US).
3) All disco party how in alt-coins (100-200% per weeks). Forget about BTC and ETH. Now it is as a underlying conversions between for example XRP <-> ADA. And I'm really doubt BTC and ETH will the same drive like it was in 2017.

BTW - our crypto trading platform - Crypto connectors ? StockSharp Crowdfunding Only for investors - not for sale not for redistribution.

Yes, I agree altcoins may now be more interesting than BTC and possible than ETH.

Reply With Quote
  #8 (permalink)
 
Giamsterdam's Avatar
 Giamsterdam 
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: ES
Posts: 83 since Jan 2018
Thanks Given: 121
Thanks Received: 84

Hi! Nobody here tried any of the crypto bots currently on the market? I am not a big fan of the major cryptos but I am making a lot of money on all the other altcoins, Its just taking too much of my time and I consider it as a bonus next to my "normal" trading. So the only option is using a bot that can work on any of the crypto exchanges.I was checking out profit trailer and gunbot but the options seem to be extremely basic, maybe they work in an extreme bull market but I dont see myself making any profit long term.

Cheers,

Giacomo

Reply With Quote
  #9 (permalink)
momersion
Athens/GR
 
Posts: 3 since Jun 2018
Thanks Given: 1
Thanks Received: 1

I like haas from the commercial options

Reply With Quote
  #10 (permalink)
AlphaOmada
Los Vegas
 
Posts: 2 since Jun 2018
Thanks Given: 0
Thanks Received: 0



Giamsterdam4x View Post
Hi! Nobody here tried any of the crypto bots currently on the market? I am not a big fan of the major cryptos but I am making a lot of money on all the other altcoins, Its just taking too much of my time and I consider it as a bonus next to my "normal" trading. So the only option is using a bot that can work on any of the crypto exchanges.I was checking out profit trailer and gunbot but the options seem to be extremely basic, maybe they work in an extreme bull market but I dont see myself making any profit long term.

Cheers,

Giacomo

Why does Profit Trailer lose BTC and the profits it shows keep going up? Actual BTC amount goes down while daily profit percentage seems to be going up.

Can someone please help me understand Profit Trailer trading strategy? It seems to only lose money.

Using BTC as a base coin (not even comparing to USD yet) then the object is to earn more BTC by trading alts. Only you get bagged up if BTC goes UP OR DOWN! I understand settings are important and you have to stay on top of them adjusting all the time. I am not talking about that.

In order not to get bagged up you have to keep only a small amount in Profit Trailer trading at any given time. Which means, if you can get it to profit, those profits are very small. And you could just buy and hodl BTC instead and come out ahead without Profit Trailer.

It seems Profit Trailer could only make money if BTC is going sideways on any settings. There are people who publish their earngings all the time. And their BTC amounts just keep going down while their daily earnings showing on the Profit Trailer are going up. That simply doesn't make sense.

I guess I just don't understand how Profit Trailer could ever be profitable?

1) Is anyone really making a profit on Profit Trailer over a few months time (not just the first two weeks they turn it on)?

2) And where/how do I get those settings? I have already tried several different settings on multiple bots over the last few months.

Can anyone help with something better than, "Yes, I profit. You just have to figure out good settings on your own by tweaking Profit Trailer yourself."

Otherwise, if you have to keep adjusting Profit Trailer all the time on your own then you might as well just trade BTC manually. It would be easier.

Reply With Quote




Last Updated on November 19, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts