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Automated crypto trading


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Automated crypto trading

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  #1 (permalink)
TraderWalrus
Bangkok Thailand
 
 
Posts: 36 since May 2016
Thanks: 15 given, 17 received

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.

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  #2 (permalink)
Ozquant
Brisbane Queensland Australia
 
 
Posts: 214 since Aug 2017
Thanks: 159 given, 354 received


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 .

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  #3 (permalink)
 stocksharp 
Moscow, RU
 
Experience: Advanced
Platform: StockSharp
Trading: ES
 
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Posts: 37 since Mar 2014
Thanks: 3 given, 13 received



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.

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  #4 (permalink)
Ozquant
Brisbane Queensland Australia
 
 
Posts: 214 since Aug 2017
Thanks: 159 given, 354 received


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 ...

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  #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.

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  #6 (permalink)
TraderWalrus
Bangkok Thailand
 
 
Posts: 36 since May 2016
Thanks: 15 given, 17 received


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?

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  #7 (permalink)
TraderWalrus
Bangkok Thailand
 
 
Posts: 36 since May 2016
Thanks: 15 given, 17 received


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.

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  #8 (permalink)
 Giamsterdam 
Amsterdam
 
Experience: Beginner
Platform: Sierra Charts
Broker: AMP
Trading: FGBL, FESX
 
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Posts: 82 since Jan 2018
Thanks: 121 given, 83 received

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

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  #9 (permalink)
momersion
Athens/GR
 
 
Posts: 3 since Jun 2018
Thanks: 1 given, 1 received

I like haas from the commercial options

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  #10 (permalink)
AlphaOmada
Los Vegas
 
 
Posts: 2 since Jun 2018
Thanks: 0 given, 0 received



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.

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  #11 (permalink)
AlphaOmada
Los Vegas
 
 
Posts: 2 since Jun 2018
Thanks: 0 given, 0 received

Profit Trailer doesn't look to be profitable at all.

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.

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  #12 (permalink)
netojose
Brasilia + DF/Brazil
 
 
Posts: 5 since Nov 2018
Thanks: 0 given, 1 received


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 use Cryptohopper, I think it is pretty decent. Yes, it could be a lot better. Yes, people make suggestions and they donīt hear. But at the end, I think it is the best available.

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