Jump to content

XRP bot trading w/ Bitstamp?


crypsnbloods

Recommended Posts

12 minutes ago, crypsnbloods said:

build me one too! u could charge people a % to use your bot

 

Like I said, I'm paranoid. I would never trust a third-party bot and neither should you. It would be so easy to set the bot to transfer all your coins to another account/wallet. One day your account would just be empty, even the echo would be gone. :D

Never trust anyone else with your funds!

Link to comment
Share on other sites

Bitstamp API are one of the best around (they have some minor flaws) and you can easily build a bot with those. There are already some JS or python wrappers on github. Moreover with subaccounts it's much easier to dedicate a subaccount to a bot, since every subaccount can have their own API key.

Link to comment
Share on other sites

well how do you build one? 

8 hours ago, RippleEvangelist said:

Like I said, I'm paranoid. I would never trust a third-party bot and neither should you. It would be so easy to set the bot to transfer all your coins to another account/wallet. One day your account would just be empty, even the echo would be gone. :D

Never trust anyone else with your funds!

 

Link to comment
Share on other sites

8 hours ago, tulo said:

Bitstamp API are one of the best around (they have some minor flaws) and you can easily build a bot with those. There are already some JS or python wrappers on github. Moreover with subaccounts it's much easier to dedicate a subaccount to a bot, since every subaccount can have their own API key.

have you used them?

Link to comment
Share on other sites

8 hours ago, crypsnbloods said:

did you build a bot? how much was ROI on the bot trading ?

It depends on the bot and on the market state and on the "competitors". I never completed a very successful MM bot on Bitstamp but I had a couple arbitrage bot. The highest ROI was probably around 50% monthly, but on small volumes...

Link to comment
Share on other sites

6 hours ago, tulo said:

It depends on the bot and on the market state and on the "competitors". I never completed a very successful MM bot on Bitstamp but I had a couple arbitrage bot. The highest ROI was probably around 50% monthly, but on small volumes...

How many bots did you have running? How did you get around some cannibalistic trading (I assume you didn't trade against yourself)?

I assume you controlled you bots with something like this:

Mind-Control-Cap.jpg.392b8714890fe4ba2dc99215fe1bd7ae.jpg

Link to comment
Share on other sites

1 hour ago, Mercury said:

How many bots did you have running? How did you get around some cannibalistic trading (I assume you didn't trade against yourself)?

I assume you controlled you bots with something like this:

Mind-Control-Cap.jpg.392b8714890fe4ba2dc99215fe1bd7ae.jpg

Ahaha not that many...they come and go...then I modify them, then I find bugs, then I lose lots of money because of bugs, the market changes...but I think the arbitrage bot took some offers of my MM bot :)

Edited by tulo
Link to comment
Share on other sites

3 minutes ago, tulo said:

Ahaha not that many...they come and go...then I modify them, then I find bugs, then I lose lots of money because of bugs, the market changes...but I think the arbitrage bot took some of my MM bot :)

It would be interesting (although expensive) to have some bots programmed to just increase their asset (ex: USD.Bitstamp) and to let there be unfettered warfare...

Of course if this was Google there would be AI involved, they would learn their own language and somehow hack the banking sector and take over the financial world. So maybe not the best idea.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...