Hi guys,
I see that coinbase and Binance (and probably others) offer APIs, do you think that a very basic bot that do APIs request to get the market tendances for each and every coins (IDK exactly but many hundreds are listed on Coinbase)and then place orders to buy/sell at a day to day frequency (let’s say buy and sell in less than a day).
APIs are easy to request, a dumb G-sheet can do it. A basic Automator can do this once every 30 sec or every minute so it can get the market value for each coin and know the tendancy. Then a basic algorithm (not so difficult I guess, although not and expert, but there are many many models available on google), the algorithm can place orders through the same APIs.
Everything is basic here, no AI, no machine learning or other fancy word. I suppose that a very basic algorithm made with many if's can do the job.
Example:
if market price has been rising in the past year (
- if market price has been rising in the past month (
-- if market price has been rising in the past day (
--- if value yesterday morning < (value yesterday evening + transaction fee) (
place order
)
)))
Everything is doable using sheets and very basic coding skills, and little starting money for the first orders.
I guess many others have thought about it, was it successful?
Anybody done that?
I am feeling stupid RN as what I describe seems very basic, however I have never read the story of somebody actually doing it.
I see that coinbase and Binance (and probably others) offer APIs, do you think that a very basic bot that do APIs request to get the market tendances for each and every coins (IDK exactly but many hundreds are listed on Coinbase)and then place orders to buy/sell at a day to day frequency (let’s say buy and sell in less than a day).
APIs are easy to request, a dumb G-sheet can do it. A basic Automator can do this once every 30 sec or every minute so it can get the market value for each coin and know the tendancy. Then a basic algorithm (not so difficult I guess, although not and expert, but there are many many models available on google), the algorithm can place orders through the same APIs.
Everything is basic here, no AI, no machine learning or other fancy word. I suppose that a very basic algorithm made with many if's can do the job.
Example:
if market price has been rising in the past year (
- if market price has been rising in the past month (
-- if market price has been rising in the past day (
--- if value yesterday morning < (value yesterday evening + transaction fee) (
place order
)
)))
Everything is doable using sheets and very basic coding skills, and little starting money for the first orders.
I guess many others have thought about it, was it successful?
Anybody done that?
I am feeling stupid RN as what I describe seems very basic, however I have never read the story of somebody actually doing it.
