XRP bot trading w/ Bitstamp?

[crypsnbloods]

On Bitstamp's "sub accounts" page mentions that "you can dedicate a portion of your balance to a specific trading purpose" it possible to have bots trade your xrp w/ bitstamp?  If so how

 

[RippleEvangelist]

I looked into this a while back. Bitstamp has an API that you can use in order to do trading with a bot:

https://www.bitstamp.net/api/

I guess there are existing bots but I was gonna build my own because I'm paranoid about security.

 

[crypsnbloods]

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

2 hours ago, RippleEvangelist said:

I looked into this a while back. Bitstamp has an API that you can use in order to do trading with a bot:

https://www.bitstamp.net/api/

I guess there are existing bots but I was gonna build my own because I'm paranoid about security.

 

 

[RippleEvangelist]

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.

Never trust anyone else with your funds!

[tulo]

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.

[crypsnbloods]

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.

Never trust anyone else with your funds!

 

[RippleEvangelist]

1 hour ago, crypsnbloods said:

well how do you build one? 

 

Programming helps.

If you didn't know that, then you should probably forget about the whole thing.

 

[crypsnbloods]

10 minutes ago, RippleEvangelist said:

Programming helps.

If you didn't know that, then you should probably forget about the whole thing.

 

I figured wish I went to school for programing or web development 

[crypsnbloods]

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?

[tulo]

4 hours ago, crypsnbloods said:

have you used them?

Yeah I used a JS wrapper. It works pretty well but I've seen there are more.

[crypsnbloods]

2 hours ago, tulo said:

Yeah I used a JS wrapper. It works pretty well but I've seen there are more.

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

[tulo]

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...

[Mercury]

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:

[tulo]

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:

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 September 29, 2017 by tulo

[Mercury]

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.