- Jun 9, 2020
- 6,584
- 3,258
Hey, Could anyone explain how these bots work?
How these trading bots work?
- Thread starter Thunder Digitals
- Start date
Hawkeye Digital
Rules Violation
- Feb 23, 2022
- 6,316
- 1,699
Are you really an trader , but asking how these work , good brother !
these bots are the best and great thing into trading , they give you an extra hand , you task them when you buy and sell them !
these bots are the best and great thing into trading , they give you an extra hand , you task them when you buy and sell them !
- Jun 9, 2020
- 6,584
- 3,258
- Apr 25, 2011
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- 28,296
The bot can be configure to buy and sell based on particular price points. They can for example have a buy price of $1 but once the coin hits that price the bot doesn’t buy until it starts moving up, that way, if the price keeps falling below $1 the bot will wait until it stops falling before it places the bid.
they can also move the stop loss as the price increases.
You need signals as well though, the bot can use to make the buys and sells in the first place.
they can also move the stop loss as the price increases.
You need signals as well though, the bot can use to make the buys and sells in the first place.
- Nov 25, 2017
- 3,048
- 1,159
Try Binance grid trading with a low budget.
https://www.binance.com/en/support/faq/f4c453bab89648beb722aa26634120c3
https://www.binance.com/en/support/faq/f4c453bab89648beb722aa26634120c3
- Jun 9, 2020
- 6,584
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Can we use these bots on newly listed coins on Binance?
Like if the Binance is going to list a new coin and the price would be set to $1 and tell the bot to buy the coin as soon as binance lists the coin.
Can we do that?
Why binance, pinoex and others offer a free bot while Bitsgap for example chargh money?
- Dec 9, 2014
- 4,218
- 1,386
Yep entirely on API but sadly we cannot really make bot to match their latest API so i had to stop this project 2 years back. And now they allow grid trading system which is included in API which is pretty good. But poloniex was still working fine but lazy enough to compile that 
Sneaky Peak of bot which was developed in visual studio
Cheers.
Sneaky Peak of bot which was developed in visual studio
Cheers.
Only if it an hodle bot
J-S-T
Supreme Member
- Jul 27, 2013
- 1,296
- 656
Bots buy and sell when a certain condition is met.
For example, someone designs a BTC bot that buys each time there is a Bullish RSI divergence on the 15 min chart. Sell when the chart shows bearish divergence.
Some bots are designed to buy when the price reached a certain Moving Average on a specific timeframe. Sell when position is giving 5% profit.
Some bots buy when there is a long liquidation of like 2 bitcoin or 100k USD. Sell when there is a short liquidation of the same amount.
Trading with bots can be fruitful if you are not emotionally strong. Bots can hold positions even if the position is underwater. Unlike humans.
For example, someone designs a BTC bot that buys each time there is a Bullish RSI divergence on the 15 min chart. Sell when the chart shows bearish divergence.
Some bots are designed to buy when the price reached a certain Moving Average on a specific timeframe. Sell when position is giving 5% profit.
Some bots buy when there is a long liquidation of like 2 bitcoin or 100k USD. Sell when there is a short liquidation of the same amount.
Trading with bots can be fruitful if you are not emotionally strong. Bots can hold positions even if the position is underwater. Unlike humans.
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
If you can make profit consistently in manual trade, then you can use the same method but auto.
It’s almost impossible to trade auto for huge gap. Crypto market is very volatile, random, and full with manipulation. Despite the market pattern hit certain RSI, price action, MACD other indicators etc for the bot to perform.
Another way you can try is scalping. Meaning you trade in lower timeframe such 1-5min / consistency buy/sell in micro second. Its like making $0.5-$5.00 per hour.. before btc suddenly goes sideway and you end up floating. Scalping is good when the market is in calm boring phase(retrace).
It’s almost impossible to trade auto for huge gap. Crypto market is very volatile, random, and full with manipulation. Despite the market pattern hit certain RSI, price action, MACD other indicators etc for the bot to perform.
Another way you can try is scalping. Meaning you trade in lower timeframe such 1-5min / consistency buy/sell in micro second. Its like making $0.5-$5.00 per hour.. before btc suddenly goes sideway and you end up floating. Scalping is good when the market is in calm boring phase(retrace).
lotsofmoney
Elite Member
- Aug 31, 2021
- 3,898
- 1,139
How they are quick enough to execute orders?
- Nov 25, 2017
- 3,048
- 1,159
Very fast