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Top 6 Bitcoin Trading Bots

Trading bots are rather common in the bitcoin world, as very few traders have time to stare at the charts all day. Most people trade bitcoin as a way to generate passive income while working their regular day jobs. With so many people relying on trading bots, the question becomes which one can be trusted and which one should be avoided. Below is a list of known cryptocurrency trading bots, however, your mileage may vary when using them.

NOTE: The Merkle does not condone the use of trading bots. The Merkle is not responsible for any financial losses sustained while using the software mentioned below. The Merkle is not affiliated with any of these trading bots.

6. BTCRobot

One of the very first automated bitcoin trading bots to ever be created goes by the name of BTC Robot. While it seems to do the job and is quite easy to set up, user’s mileage may heavily vary when using this tool. Some people seem to be making modest profits, whereas others seem to struggle to get it to work properly. There is a 60-day refund policy, which makes it a no-brainer to try out regardless.

The Gekko trading bot is an open source software solution hat can be found on the GitHub platform. It was last updated a month ago, which seems to indicate it is still being actively developed. Using this automated trading bot seems rather straightforward, as it even comes with some basic strategies. It is not a high-frequency trading bot by any means, nor will it exploit arbitrage opportunities. With a good list of supported exchanges, Gekko could be worth checking out.

4. CryptoTrader

One of the more attractive – yet unknown – solutions goes by the name of CryptoTrader . The service offers cryptocurrency users automated trading bots running on cloud platforms. Not having to install unknown software is a big plus, albeit it remains to be seen if this platform is legitimate. One intriguing feature is how CryptoTrader features a strategies marketplace where anyone can buy or sell their favorite trading strategy.

Another open-source solution for bitcoin traders goes by the name of Zenbot . Albeit this bot has not seen any major updates over the past few months, it is available to download and modify the code if needed. This marks the third iteration of Zenbot, which is still a lightweight and artificially intelligent bitcoin trading bot. It is also one of the very few solutions capable of high-frequency trading and supporting multiple assets at the same time. According to the GitHub page, Zenbot 3.5.15 makes a 1.531 ROI in just three months, which is quite surprising.

2. Tradewave

Although technically not a bot in the traditional sense, Tradewave is a platform allowing users to create automated bitcoin trading strategies. Users can connect most of the major exchanges to enable live trading within a few minutes. Moreover, there are quite a few trading strategies shared by community members for other users to try out. Tradewave is not free to use, though, as plans start at just US$14 per month.

The Haasbot is somewhat popular among cryptocurrency enthusiasts. On paper, Haasbot does all of the trading legwork on behalf of the user, although some input is required. Haasbot supports all of the major exchanges and is capable of recognizing candlestick patterns. Considering it costs between 0.12 BTC and 0.32 BTC per three-month period to use this tool, one has to be committed to using the software and hopefully make a profit from doing so.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

About The Author

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

will try haadbot. Did some interesting profits with full automated trading bots from the new cloud trading bot. I try now to adapt the trading scripts to the new cloud bot, which is doing 24/7 for me now on http://bit.ly/tradingbot take a look at the backtesting which is really interesting as its fast and cloud based. poloniex and kraken also bitstamp cryptotrading bot are available 🙂

Haasbot sucks
My experience is that in the begining happened some shit and i wasnot able to see charts or make trading
When i asked for help nobody seemed to have same problems
I tried it on many computers but problem is that is was not doing what it should

Trading platforms are ok
Problem is any bot tells you to buy dash when it was under 1 usd
Manual trading limit orders are the best

Gimmer is a platform that I really like, it’s the friendliest of them all.

I think the design of this framework amazing.
https://gimmer.net

If the author of the text update with this platform it would be nice.

if any bitcoin bot tries to steal from you or if you had your money stolen from you by these “bot” feel free to reach me via mail…we will get it back on your behalf for only 10% the amount to be recovered

The bots can’t steal from you. They have no ability to perform transfers or withdrawals.

Is that something you know only of bots that are open source or are closed source bots also not able in doing that?

No it’s exchange API not allows to withdraw funds.

Bots can steal 100% of your money within seconds even without withdraws. They could run 2 bots in parallel for an exotic coin with buy high – sell low on your side and buy low – sell high on the scammer-side. I’ve seen a simulation like this. Hence don’t buy a so-called super cheap bot from Indian or Pakistani guy on Telegram … they will only steal your money.

you did a hood job for me and I can not thank you enough. all those people saying bad stuff about you, just ignore them…everybody can’t like you, even Jesus has haters just keep doing your think and rise above

Brutus is the best bot for automatic trading of cryptocurrency. works with 5 differents markets (poloniex, ccex, cryptopia ect ect) and every single crypto currency of coinmarketcap.
Arbitrage allows you to do not risk your capital and earn istant
others 4 strategies to have 100-220% in a 40 days of auto trading.
You just set up 5 min – 10 min your configurations every day from your laptop (PC or MAC)
and you will have your trades won. It can’t lose by contract. We also have webinars every week
You cannot lose your capital and there is no fee
that will tell you what’s best to do with it. It can be used fully automatic after conf. 24/24 h
contact skype: shouglight

HY MARCO IM INTERESTED INTO TALK ABOUT THE BOT …. IM FROM ITALY TOO … CONTACT ME ASAP BY TELEGRAM @BILLIONAIREFACTORY

Contattami pure, shouglight su skype è il mio nome

do you have a link to brutus?

Contact me on skype: shouglight

Hello Marco, would you mind to share the link for Brutus…?

Top 9 Bitcoin Trading Bots in 2018

(Updated March 2018) Cryptocurrencies are here to stay, and most people know that. Most of them are trading bitcoin and other altcoins, as a way to generate extra income while still working their day jobs. Unfortunately, some are still new at this. They do not have time or possess skills to analyze crypto trading charts.

A bitcoin trading bot is essentially software that analyses market-based cryptocurrency trading data. Users are required to customize their software. After which, it analyses market information on their behalf, and executes trades automatically. This article provides a detailed account of some of the best bitcoin trading bots in the market.

The Best Bitcoin Trading Bots You Need to Know

Trading bots are very common in the bitcoin space. For optimal use, the customized software is embedded on a bitcoin chart of a cryptocurrency exchange of your choice. Analysis of market information and trade execution happens automatically. All you need to do is pray the trade goes in your favor and withdraw your profits.

With so many people depending on bitcoin trading bots, some developers are creating fraudulent software to cheat naïve individuals. To help you avoid substandard software we have compiled a list of the top 9 best bitcoin trading bots.

Gekko is a free bitcoin trading bot downloadable on the GitHub platform. Its software is open source and still being improved. The bot is supported by major crypto exchanges including Bitfinex, Poloniex, and Bitstamp.

Gekko is fully automated, easy to use, and straightforward. It is equipped with essential trading features including a web interface that monitors your data and trading strategies. Also, the bot can run on backtested data and visualize trade results.

The bot runs on all major operating systems including Windows, MacOS, and Linux. The bot can update you on the move through email, telegram, and other platforms. However, Gekko is not a high-frequency trading bot and does not execute arbitrage trades.

Haasbot is a bitcoin trading bot that was developed by HaasOnline in January 2014. It is supported by many exchanges such as Poloniex, Bitfinex, BTCC, GDAX, Huobi, Kraken, and Gemini. The bot automatically trades bitcoin, and many other altcoins on these exchanges.

The trading bot analyses market information on behalf of the user, but requires some input on trade execution. It is also customizable and is equipped with technical indicator tools. Haasbot can deduce trend patterns which users can use to trade bitcoin.

For optimal results, Haasbot users should be fully committed to trading bitcoin to get reasonable profits. The trading bot costs approximately 0.32 BTC every three months.

Zenbot is also on the list of open source bitcoin trading bots. The bitcoin trading bot is available for download on major operating systems and can be modified by the user. Zenbot is developed using artificial intelligence technique. For this reason, the trading bot can execute high-frequency trades and exploit arbitrage opportunities. Also, the software can perform multiple cryptocurrency trades simultaneously.

The trading bot is supported by major cryptocurrency exchanges including Gemini, Kraken, Poloniex, GDAX, Bittrex, and Quadriga. Zenbot developers say they are still striving to improve their product and in the future be supported on all exchanges. The current version, Zenbot 3.5, has had impressive results this year. It had a return on investment of 1.531 percent quarterly.

4. Crypto Trader

So far, this is the most popular bitcoin trading bot among traders. It is primarily cloud-based meaning it does not have to be installed on computers and can be modified by the user. It allows users to create algorithmic trading modifications in under a few minutes.

Crypto Trader comes equipped with a “strategy market” feature that allows users to trade strategies amongst themselves. Other features include the backtesting tool that enables users to test their trading strategy against backtested data as well as different market conditions. Crypto Trader is supported by major exchanges including Coinbase, BTCe, and Bitstamp.

5. BTC Robot

BTC Robot is one of the pioneer bitcoin trading bot in this space. The bot is downloadable on major operating systems, but at different prices. Windows users have a membership package plan for as low as $ 149 called the silver software. Mac users have to pay a higher fee.

The bot is easy to install and use. However, some people do not understand a few technical bits ending up in major losses. Others are pulling off modest profits with this bot. The trading bot has a trial period with a 60-day refund policy.

6. USI TECH

The trading bot is meant for Forex trading, but offers BTC packages. While most trading software requires installation and initial set up, USI TECH approach is quite different. Users do not have control over it, but still profit from it.

Users are required to “buy-in” from their expert bitcoin trade and mining connections, then the USI TECH bot guarantees them daily profit from the trades. Customers choose a preferred bitcoin investment plan which then earns them 1 percent of their capital, daily.

The Gunbot trading bot has many inbuilt strategies including Bollinger Bands, Gain, Step Gain and Ping Pong. Most users seem to think BB strategy is the best and rakes in reasonable profits.

The trading bot has three different price package plans depending on your spare change. The prices range between 0.1 BTC and 0.3 BTC. Gunbot is supported by many crypto exchanges including Bittrex, Kraken, Poloniex, and Cryptopia.

It’s recommended that users of this bot to pay attention to their trades, since it’s configured to deal with large market volatility. In case of large volatility turn it off, and leave the order on the books.

8. Leonardo

Leonardo is a newer trading bot that’s only supported by Bittrex, Bitstamp, Bitfinex, Poloniex, OKCoin, and Huobi. The developers are making major changes, and soon the bot will be supported by other exchanges.

The bot is equipped with two trading strategies, Ping Pong and Margin Maker. Leonardo is by far the best looking and is fully customizable. It used to cost 0.5 BTC a month, but now it’s available at $ 89 for a lifetime license.

9. Bitconnect

Bitconnect is not exactly a trading bot. It is a self-regulated system that’s designed to offer its users investment options. It is, however, 100 percent open source.

Users lend their capital to Bitconnect’s bitcoin volatility trading bot for a few days. In return, they have assured profits, shared between Bitconnect and the user. The user’s profit share is approximately 1 percent of their capital. At the end of the lending period, the system returns your money.

Conclusion

Cryptocurrency trading is not appropriate for everyone and these trading bots can be confusing especially for beginner traders. There are many trading bot providers available in the market. Due diligence is very important when purchasing from any of them. Users should ensure the bot developers they choose are trustworthy and reliable. Failure to do this will only expose your capital at risk, and you could wipe your account in the blink of an eye. However, if these bots are used properly, potential profits from trading is infinite.

Beginner’s Guide to Bitcoin Trading Bots

Unlike the stock markets, the cryptocurrency market never closes and never sleeps, which can be a highly stressful scenario for traders and even casual investors in the industry. Users familiar with crypto investment will also be familiar with the (joyful or sinking) feeling of waking up in the morning to be greeted by a pleasant or unpleasant surprise when they check their portfolio and see large gains or losses.

As a result of the volatility of the market, trading bots have become increasingly popular among traders by allowing them to remain in control of their trading at all times, with the bot not sleeping even while the trader is. In addition, a correctly specified bot allows trades to be executed faster and more efficiently than the trader would be able to do manually.

The explosion of popularity in cryptocurrency has also resulted in a big increase in the number of trading bots available, either for free from open-source platforms or licensed to users in exchange for flat fees. However, it is difficult to ascertain which of them work as intended and which of them are an absolute waste of time. This post will consider the background to what exactly trading bots are and whether they work for Bitcoin trading (and more importantly, for your Bitcoin trading). It will then consider some of the best trading bots in the market today.

What are Trading Bots?

In essence, a trading bot is a software program that interacts directly with financial exchanges (often using API’s to obtain and interpret relevant information) and places buy or sell orders on your behalf depending on the interpretation of the market data. The bots make these decisions by monitoring the market’s price movement and reacting according to a set of predefined and pre-programmed rules. Typically, a trading bot will analyze market actions, such as volume, orders, price, and time, although they can generally be programmed to suit your own tastes and preferences.

Trading bots have been popular for many years in various conventional financial markets. However, trading bots have not been traditionally available to the average investor as they cost a significant amount of money. For example, a Bloomberg terminal can often cost in excess of $10k. However, due to the transparent nature of blockchain, cryptocurrency exchanges tend to grant their customers direct market access that provides users with the opportunity to analyze the exchange’s electronic order book, which was a type of access that was traditionally exclusively available to brokers and investment houses in conventional financial markets.

With many people trading Bitcoin passively and therefore unable to dedicate large amounts of time to analyze the market, the intention is that Bitcoin bots will allow users to establish more efficient trading without having to keep on top of the market at all times.

Types of Trading Bot Strategies

Although the cryptocurrency market is much less mature than other financial markets, the digital nature of the market has meant that despite the fact that it has had significantly less time to integrate algorithmic trading, the technology has not been slow in catching up on its rivals in terms of providing a trading bot service, allowing for investors to obtain access to a wide range of trading strategies, some of the most popular of which are considered below:

In the early days of cryptocurrency trading one of the primary strategies that traders used to make profits was arbitrage – i.e. buying assets in one market and then selling them in another for a higher price, thus earning profit on the difference. As cryptocurrency exchanges were decentralized, there were often large differentials between prices offered on various exchanges, meaning that profits could be made through arbitrage.

Although the spread between exchanges are much smaller now, they do still appear from time to time and trading bots can assist users in making the most of these differentials. In addition, arbitrage can also be utilized in traders looking to involve futures contracts in their trading strategies by benefiting from any difference that exists between a futures contract and its underlying asset, by considering futures contracts that are traded on various different exchanges.

Market Making

Trading bots can also allow investors to use the market making strategy. This strategy provides for “continuous buy and sell prices on a variety of spot digital currencies and digital currency derivatives contracts” in an effort to “capture the spread between the buy and sell price”.

In order to carry out the market making strategies, in involves making both buy and sell limit orders near the existing market place. As prices fluctuate, the trading bot will automatically and continuously place limit orders in order to profit from the spread.

Although this may be profitable at certain periods, the intense competition around this strategy can result in it being unprofitable, especially in low liquidity environments.

Do Trading Bots Work?

Trading bots work by reacting to the market. It gathers the data it needs in order to execute a trade based on analysis of the trading platform. However, with cryptocurrency, the trading platform only tells half of the story, with many rises and falls being based on other sources (such as John McAfee’s Twitter or other online rumors!) that cannot be programmed into the bot for analysis. In addition, as noted above, the spread between the exchanges has flattened somewhat, meaning that the opportunities for inter-exchange arbitrage are much lower than in previous years.

Many trading bots use what is known as an exponential moving average (EMA) as a starting point for analyzing the market. EMA’s track market prices over a set time period, and bots can be programmed to react to what that price does – such as moving beyond certain thresholds. By programming the bots, traders can set their thresholds to correspond with their risk appetites. However, one of the downsides of EMA is that it is based on past history, which, as all traders will know, is not indicative of future performance, especially in the cryptocurrency industry where volatility is rife.

Therefore the question of whether trading bots work is a multi-faceted one in which the problem answer is that they work, but not necessarily for everybody. Trading bots offer a variety of advantages, including having constant interaction with the market, as well as the not-insubstantial factor of removing the emotion from trading. However, on the other hand, by using the wrong trading strategy or relying on the trading strategy of others, a trading bot could simply end up automating a set of poor market trading decisions.

Top Trading Bots

In this section we will take a look at some of the popular and publicly-available bots you can use.

CryptoTrader

The CryptoTrader bot is a cloud based trading bot that provides users with fully automated trading solutions while not requiring them to install the bot on their own system. CryptoTrader features a strategies ‘marketplace’ that allows users to buy their favorite trading strategy, or alternatively to sell strategies developed by themselves. Cryptotrader supports most of the major exchanges for both backtesting and live trading, with the backtesting tool allowing users to review how their strategies would work under different market conditions.

CryptoTrader offers five different subscription plans, with fees ranging from 0.006 BTC to 0.087 BTC per month (Bitcoin is the only payment method accepted). The separate packages include a number of differences, including the number of bots operating on the user’s behalf as well as the maximum equity limit. Although though some knowledge of coding is beneficial when setting up strategies in the CryptoTrader bot, there are a number of free and paid strategies available for users that are not experienced / interested in coding.

The CryptoTrader bot also has a wide level of interoperability, with the service offering email and text notifications to alert users on important market events or changes in trends.

3Commas is a popular trading bot which works with a number of exchanges including Bittrex, BitFinex, Binance, Bitstamp, KuCoin, Poloniex, GDAX, Cryptopia, Huobi and YOBIT. The bot works 24 / / 7 with any device as it is a web-based service so you can monitor your trading dashboard on mobile as well as desktop and laptop computers. It allows you to set stop-loss and take-profit targets and also has a social trading aspect which allows you to copy the actions of it’s most successful traders.

Another interesting feature is it’s ETF-Like crypto portfolio feature which allows you to Create, analyze and back-test a crypto portfolio and Choose from the best performing portfolios created by others.

Cryptohopper

Cryptohopper is a cloud-based trading bot which means it can trade cryptocurrency 24 hours a day whether you are at your computer or not. The system allows you to trade on technical indicators, or subscribe to a signaler who sends buy signals. According to their website, they “are the first and only automated crypto trading bot to integrate professional external signals.”

The bot allows you to take advantage of bull markets with a trailing stop-loss, and has full technical analysis features from Stoch and RSI to Bollinger Bands and MACD.

Cryptohopper has a very nice modern dashboard area where you can configure and monitor everything and comes with a config wizard or pre-created templates for the popular exchanges – Binance, Bittrex, Poloniex, GDAX and Kraken.

GunBot is a well known cryptocurrency trading bot which uses individual strategies that are completely customisable to fit your trading style. It can operate on the following exchanges: Bittrex, Binance, Poloniex, Bitfinex, Cex.io, GDAX, Kraken and Cryptopia. You can run the bot on your own computer or use a VPS and can manually add different coin pairs, pick a strategy and set it to work.

BTCRobot was one of the early innovations in the Bitcoin trading bot market. Unlike some of the other options, BTCRobot is not free, with licence plans ranging from $149 to $498 depending on requirements, which allows users to either download the program or use the cloud servers (with Mac downloads costing slightly more than Windows).

Commentators have suggested that the platform is easy to use and works effectively as it is intended. However, it would appear that the profits being made by traders from the tool are modest and it would appear that it is probably only worthwhile investing in this tool if you are intending to invest heavily in it, both in terms of the funds that the bot will operate with, as well as the time to correctly understand how it works.

The developers themselves note that the bot is unable to perfectly predict the cryptocurrency markets (which is not a surprise, considering the number and range of variables in the cryptocurrency markets). Therefore, users should be willing to accept that there will be a range of losing trades, as well as winners. However, with a package that includes a 60-day refund policy, BTCRobot offers users a chance to try out the trading bot to see if it is a good fit with their trading strategy without worrying about the financial outlay.

Gekko is an open-source trading bot and backtesting platform that supports 18 different Bitcoin exchanges. Gekko is entirely free and can be found on the GitHub platform. Gekko is a relatively straightforward trading app to use that includes an interface and basic strategies from the outset, which allows you to be more comfortable with the use of the bot.

Gekko also has a number of plugins available that will allow you to be updated regardless of what level of connectivity you have. Although Gekko is not a high-frequency trading bot (making only a couple of trades per week, depending on configuration), nor a bot which allows you to exploit arbitrage opportunities, its list of supported exchanges and basic strategies means that it is probably a good place to start for anybody interested in utilizing Bitcoin trading bots.

Similar to Gekko, Zenbot is also an open-source trading bot for Bitcoin traders. As an open-source project, Zenbot is available for users to download and modify the code as necessary.

However, there have been question marks in the community over the development of Zenbot, with no updates having been made to the platform for a significant number of months. This means that no additional exchanges have been added to the platform for almost one year, meaning that it may have access to less information than some of its competitors. However, on the positive side, Zenbot, unlike Gekko, does offer high-frequency trading as well as supporting multiple cryptocurrencies in addition to Bitcoin.

Created in 2014 by Haasonline, Haasbot trades Bitcoin and many other altcoins, Although Haasbot is probably the most complete of the trading bots that are currently available, doing much of the labour with relatively minimal input required from the user, in order to provide this service it is pretty expensive, with costs ranging from between 0.12 BTC and 0.32 BTC for a three-month period.

At those prices, it is clear that anybody willing to take a chance on it should be knowledgeable about what they expect to get out of the platform and be committed to doing so.

Conclusion

Trading bots can assist traders in ensuring that they are always interacting with the market, even when they are physically unable to do so. They can assist in removing some of the stress and emotions that are often found in any financial trading markets, not least the cryptocurrency market. However, trading bots are not for everybody, nor does everybody need one. Casual investors are not the prime target of trading bots, and if your intention is to buy and hold Bitcoin then a trading bot is probably not the correct investment for you. In addition, if you are not a competent programmer or familiar with the creation of financial strategies, trading bots may also not be for you. However, if you have the requisite knowledge and ability to overcome these obstacles then a trading bot can be a worthwhile tool in monitoring and making gains from the Bitcoin market.

Meet the Bots That Let You Trade Bitcoin in Your Sleep

With all the allegations of Mt. Gox's automated trading bot, which has been dubbed "Willy", algorithmic trading is getting a bad rap. However, using bots to trade on the financial markets is a long-established and legitimate activity – and it's easier than anywhere in the cryptocurrency markets.

So, how do these bots work, and can they really make you money?

Trading bots are software programs that talk directly to financial exchanges, and place buy and sell orders on your behalf. They make those decisions by watching the market's price movements, and reacting according to a set of predefined rules.

Joseph Lee is living proof that they can make money. Lee, who founded derivatives exchange BTC.sx, based its trading engine on algorithmic trading bots that he wrote himself, and used between 2011 and 2013.

He claims to have turned a simple $100 buy order into $200,000 in profits using his private software army. While that seems astonishing, the devil is in the detail, of course: a lot of that price increase stems from the massive price increase in bitcoin late last year.

In fact, the real profits are far more marginal, he has said, so don't expect to install a plug-in and write your own rags-to-riches story.

Lee, who claims that his bots shifted 10% of the market's entire volume in the early days, started using his methods when the price sat at $2-$4 per bitcoin.

Market maker

Lee's first trading bot used inter-exchange arbitrage, noticing differences in prices between orders on different exchanges, and buying on some exchanges while selling on others.

"I was essentially taking liquidity from a market where there was some and injecting it into a market where there wasn't," he explained. Back then, Mt. Gox dominated the market, and other exchanges had poor pricing because their supply of bitcoins was limited.

"So, I bought for cheap on Mt. Gox and sold them to other markets. I bought a lot of bitcoin into tertiary markets."

In short, he acted as a market maker on less-established exchanges.

Established practice

Lee may have written his own bots, but today, the bitcoin trading bot market is far more established, with several available off the shelf.

Examples include Butter Bot, which offers an online trading bot accessed via a Google Chrome plug-in, and Haas Online, which sells a Windows-based personal trading server. CryptoTrader offers a trading bot marketplace, which allows people to develop bots using different trading strategies, and then rent them to others.

Trading by algorithm isn't new in the financial world: companies in the conventional financial markets have been using the method for years. Lee said, however, that the bitcoin exchange community is one of the first where exchanges grant customers' computers direct market access (DMA).

This enables individual traders to have their computer access the exchange's electronic order books directly. That's a service normally only available to brokers and investment houses in the conventional markets.

"In the past, it was the people who had the means to pay for a $10,000-plus a year Bloomberg terminal with an API connection who could try their hand at bot trading," Lee explained.

So, why isn't everyone doing it?

Pablo Lema, founder of Butter Bot, says that bots aren't a 'fire and forget' technology that enable dilettantes to make money without trying:

"Trading bots require users to have at least a basic understanding of the market, need to be modified and tweaked by the user according to the predominant market conditions, and also according to their own risk profile."

Trading bot strategy

Lee started off capitalising in a highly inefficient market, where exchanges with sufficient liquidity could be counted on one hand.

The situation – while still needing improvement – is at least a little better now. Opportunities for inter-exchange arbitrage still exist, but he recommends using technical analysis bots.

But trading isn't necessarily based on technical analysis alone. It's difficult to program a computer to react to fundamental market conditions such as, say, rumours about the Chinese government taking a new stance on bitcoin, or the latest bitcoin-based black market trading site shutting down.

Many bots will use an exponential moving average (EMA) as a starting point. These averages track market prices over a set time span, and bots can be programmed to react to what that price does – such as moving beyond certain thresholds.

"If you have a conservative appetite, choose to trade on a slower basis," Lee advised. "If you picked daily rather than hourly periods, it's generally seen as a safe bet to get involved in the basics of trading, let alone bot trading."

Others suggest tweaks to the EMA approach.

"If you look to the biggest downside of an EMA then you see it's almost always to late. And this is the part that can be improved," said Stephan de Haas, founder of the Haas Online trading bot company, adding.

"This improvement could be done by using a DEMA [double exponential moving average] or TEMA [triple exponential moving average] instead. Those have the ability to respond faster then the EMA and their calculation is EMA-related, so it looks the same while it gives off better momentum."

There are still other methods, he pointed out, such as relative strength indicators and regression analysis.

"This type of analysis works perfectly for processes (in this case a price market) that are unstable," he says, in a description which seems to sum up the roller-coaster world of bitcoin.

"Using that data, it can make good sense of what's to be expected in the [. ] future."

Secret strategies

However, technical analysis is a discipline, and these things are indicators, not strategies. You're still going to have to come up with your own set of trading rules, if you're going to tell a bot how to make decisions.

"The really good strategies are kept secret and closed source," says Lema. "That's done by everyone: the mid [and] high level [traders] and clearing houses. It's hard for a trader who's new to understand the market."

BTC or Bust, the creator of the Crackin' Kraken bot found on Cryptotrader, points to a set of algorithms in a library of technical analysis algorithms known as TA-Lib, along with custom indicators developed by the bot author. These are typically combined to find buy and sell signals in the market, BTC or Bust told CoinDesk.

Bots can be programmed to be predictive or reactive, or a combination of both, using these combined algorithms, it said, explaining:

"For example, let's say the bitcoin price is crashing. A predictive algorithm might start buying as it expects the price will quickly rebound, while a reactive algorithm might start selling as it sees the price is dropping. Both types have their advantages and disadvantages – the challenge is to have the bot employ the correct strategy at the correct time."

The ability to set these strategies is one of things that will stop bots from unbalancing the market. Even if lots of people use them, the theory goes that the different strategies they employ would stop them all moving the market in one direction and creating an artificial bubble – or worse, a 'flash crash'.

Not for everyone

Is bot trading for you? Possibly. They offer a variety of advantages, not least of which is the ability to diligently trade on your behalf, 24/7, and the ability to remove all of the emotion from trading (assuming you don't barge in and terminate them when you're feeling irrationally antsy).

On the other hand, if you don't have the financial smarts to put together a trading strategy, then bots could simply end up automating a set of poor market trading decisions.

For many, then, who believe in bitcoin's long-term potential, the most basic trading strategy could be buy-and-hold.

Whether or not you decide to automate your trades, the basic rules apply: don't trade more than you can afford to lose, and don't go into any investment without at least a basic understanding of what you're doing.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.

Robot image via Shutterstock

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US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

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Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be… more

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and… more

BitcoinMarkets

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• joyrider5 Bullish
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отправлено 4 года назад , изменено * автор DTanner Long-term Holder

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[–]mordhau Bearish 7 очков 8 очков 9 очков 4 года назад (16 дочерних комментарев)

[–]DTanner Long-term Holder [S] 5 очков 6 очков 7 очков 4 года назад (15 дочерних комментарев)

[–]exuals 4 очка 5 очков 6 очков 4 года назад (9 дочерних комментарев)

[–]DTanner Long-term Holder [S] 66 очков 67 очков 68 очков 4 года назад (2 дочерних комментария)

[+]IllegalArgument Bullish рейтинг комментария ниже порога -10 очков -9 очко -8 очка 4 года назад (1 дочерний комментарий)

[–]WyrmSaint 13 очков 14 очков 15 очков 4 года назад (4 дочерних комментария)

[–]Hmm_Yes 5 очков 6 очков 7 очков 4 года назад (3 дочерних комментария)

[–]kaltesherz Bullish 0 очков 1 очко 2 очка 4 года назад (2 дочерних комментария)

[–]djtoasty Long-term Holder 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]DTanner Long-term Holder [S] 0 очков 1 очко 2 очка 4 года назад (0 дочерних комментарев)

[–]DTanner Long-term Holder [S] 2 очка 3 очка 4 очка 4 года назад (1 дочерний комментарий)

[–]Draft_Punk -2 очков -1 очков 0 очков 4 года назад (0 дочерних комментарев)

[–]sprash 15 очков 16 очков 17 очков 4 года назад (7 дочерних комментарев)

[–]Thagor 3 очка 4 очка 5 очков 4 года назад (1 дочерний комментарий)

[–]sprash 4 очка 5 очков 6 очков 4 года назад (0 дочерних комментарев)

[–]DTanner Long-term Holder [S] 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]Elanthius 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]medecau 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]Trozza Bullish 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]sprash 3 очка 4 очка 5 очков 4 года назад (0 дочерних комментарев)

[–]DTanner Long-term Holder [S] 11 очков 12 очков 13 очков 4 года назад (3 дочерних комментария)

[–]Spaceneedle420 Bullish 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]avsa 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]behaaki Bearish 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]alwiser 0 очков 1 очко 2 очка 4 года назад (0 дочерних комментарев)

[–]ext41 3 очка 4 очка 5 очков 4 года назад (3 дочерних комментария)

[–]BashCo -1 очков 0 очков 1 очко 4 года назад (2 дочерних комментария)

[–]ext41 0 очков 1 очко 2 очка 4 года назад (0 дочерних комментарев)

[–]exuals 2 очка 3 очка 4 очка 4 года назад * (3 дочерних комментария)

[–]DTanner Long-term Holder [S] 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]superfluouso Long-term Holder 2 очка 3 очка 4 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 5 очков 6 очков 7 очков 4 года назад (0 дочерних комментарев)

[–]epaga Bullish 1 очко 2 очка 3 очка 4 года назад (4 дочерних комментария)

[–]DTanner Long-term Holder [S] 7 очков 8 очков 9 очков 4 года назад (3 дочерних комментария)

[–]exuals 2 очка 3 очка 4 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 3 очка 4 очка 5 очков 4 года назад (0 дочерних комментарев)

[–]epaga Bullish 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]DTanner Long-term Holder [S] 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]phreshfrince Bearish 1 очко 2 очка 3 очка 4 года назад (2 дочерних комментария)

[–]DTanner Long-term Holder [S] 11 очков 12 очков 13 очков 4 года назад (1 дочерний комментарий)

[–]CorgiDad Long-term Holder 4 очка 5 очков 6 очков 4 года назад (0 дочерних комментарев)

[–]CoinSheep Bullish 2 очка 3 очка 4 очка 4 года назад (5 дочерних комментарев)

[–]DTanner Long-term Holder [S] 13 очков 14 очков 15 очков 4 года назад * (3 дочерних комментария)

[–]5under6 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]pdq 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 5 очков 6 очков 7 очков 4 года назад (0 дочерних комментарев)

[–]cognatus 0 очков 1 очко 2 очка 4 года назад (0 дочерних комментарев)

[–]its_go_time Bullish 0 очков 1 очко 2 очка 4 года назад (3 дочерних комментария)

[–]DTanner Long-term Holder [S] 6 очков 7 очков 8 очков 4 года назад (2 дочерних комментария)

[–]Elanthius 5 очков 6 очков 7 очков 4 года назад (1 дочерний комментарий)

[–]therein Bearish 0 очков 1 очко 2 очка 4 года назад (2 дочерних комментария)

[–]DTanner Long-term Holder [S] 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]phreshfrince Bearish 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]pdq 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 2 очка 3 очка 4 очка 4 года назад (0 дочерних комментарев)

[–]pdq 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 2 очка 3 очка 4 очка 4 года назад (0 дочерних комментарев)

[–]DTanner Long-term Holder [S] 0 очков 1 очко 2 очка 4 года назад * (0 дочерних комментарев)

[–]cbkguy 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]ruskeeblue Bearish 0 очков 1 очко 2 очка 4 года назад (3 дочерних комментария)

[–]DTanner Long-term Holder [S] 1 очко 2 очка 3 очка 4 года назад (2 дочерних комментария)

[–]blksith0 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 0 очков 1 очко 2 очка 4 года назад (0 дочерних комментарев)

[–]pprimase Bullish 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 0 очков 1 очко 2 очка 4 года назад (0 дочерних комментарев)

[–]leon6677 Bullish 0 очков 1 очко 2 очка 4 года назад (1 дочерний комментарий)

[–]DTanner Long-term Holder [S] 1 очко 2 очка 3 очка 4 года назад (0 дочерних комментарев)

[–]Ariakan79 -5 очков -4 очков -3 очков 4 года назад (0 дочерних комментарев)

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What is the Willy Bitcoin Trading bot?

When the infamous Mt. Gox exchange was on the verge of collapsing, there was a lot of discussion regarding the so-called Willy trading bot. Although there have been many trading bots ever since, now would be a good time to look wat why the Willy Bot made such an impact on this particular exchange before it went bankrupt.

Trading Bot Pushes Bitcoin Price Higher and Higher

It has to be said, the years 2013 and 2014 were – for some part – quite enjoyable for bitcoin holders. After the price per BTC started to skyrocket, a lot of people suddenly took notice of this cryptocurrency. Mt. Gox was the center of trading activity, as it was one of the very few exchanges dealing with bitcoin at that time. Unfortunately, this price trend could not be sustained, eventually leading to the Mt. Gox collapse, customer funds being stolen, and the bitcoin price crashing to a low triple-digit value once again.

While most people have been focused on Mark Karpeles since Mt. Gox disappeared, it is important to remember why the bitcoin price was skyrocketing to begin with. As it turns out, bitcoin security firm WizSec successfully found the culprit behind this massive bitcoin price pump. The culprit goes by the name of Willy, and it is a bitcoin trading bot that only made an appearance on the Mt. Gox exchange. Willy first started its trading spree in September of 2013, eventually leading to the bitcoin price bubble and crash months after.

It is not hard to see how the Willy trading bot affected the Mt. Gox exchange and all of its users. To be more specific, the Willy bot is responsible for buying large amounts of bitcoin on the exchange over a six-week span. Given the low bitcoin price at that time, it appears the bot had access to enough funds to purchase about 250,000 bitcoin. Up until that point, there had never been such a high demand for bitcoin, which sent the price rocketing to its all-time high with relative ease.

In fact, on some trading ways, Willy accounted for 30-50% of Mt Gox’s entire trading volume. That is a significant amount, to say the least, indicating someone was carefully manipulating the bitcoin price in the process. No one will be surprised to learn there was some manual intervention by the person responsible for using the trading bot on the Mt. Gox exchange. Most people still believe Mark Karpeles is the person responsible for manually driving up the bitcoin price, although it is doubtful we’ll ever know the truth.

To this very day, there are still a lot of questions surrounding the infamous Willy bot. No one knows for sure who developed or used it, which is of particular concern given the current fiat currency issues affecting so many bitcoin exchanges. While it is doubtful anyone is using a similar trading bot to carefully drive up the price across multiple exchanges, the current bitcoin price trend shows some correlations with how things unfolded at Mt. Gox. We can only hope Bitfinex and other platforms are not being manipulated in the same manner, although there is no real reason to think that is the case right now.

It is also worth mentioning WizSec released an official Willy Report back in May of 2014. Although the security firm was unable to provide answers to every question may have, they did a good job at creating a timeline of operations. Trading boats pose somewhat of a risk to bitcoin price stability, although it appears most creations have become a lot smarter over the past few years.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

About The Author

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

This article is terribly inaccurate.

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