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Out of context: Reply #1056

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  • drgs1

    I wanted to have more money faster, so I wrote a simple trading bot (high frequency trading, reactive kind, not predictive).

    After running it for the last four days, I lose about 5% per day...

    Discuss.

    drgs 1Permalink
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    • you lose 5% per day? don't you want to head the other direction?capn_ron
    • Yes... but howdrgs
    • Immediately I'm wondering what your source is. Reactive is fine but if you're data is seconds off rather than milliseconds the results could be night and day.SteveJobs
    • It runs every minute, 80-100 orders per day. I'm just trying to buy the small dips and sell the rallies, comparing current price to some moving averages...drgs
    • I keep track of all currency pairs on Bittrex, 200 of them. The problem is some of these have large spreads between ask and bid prices, plus low volumes...drgs
    • Yeah, the minute intervals are probably what's killing you. I've noticed when prices plummet, they are usually back up before I can physically buy.SteveJobs
    • Teach medrgs
    • Drgs why on bittrex not Binance?HijoDMaite
    • I invested exactly 426$ in BTC, LTC and ETH. I've reached 490$ now I'm at 409$..Bennn
    • I will leave it there as long as possible, maybe in 1 or 2 years it will jump to 1,000$Bennn
    • Bittrex has more coins/currencies. Its probably the largest exchange in this respect. Binance is aggressively adding more as well, I will switch soondrgs
    • HFT needs narrow bid ask spreads, otherwise the high frequency part sort of kills you. Amazed you're only losing 5%monNom
    • AFAIK HFT in stocks is usually a market maker who actually gets paid by the exchange for adding liquidity and thus reduces their already low cost per trade.monNom
    • In stocks HFT compete against a hundred of other HFT robots, but here it is an unploughed territory, noob day traders not knowing what they're doingdrgs
    • Ouch.monospaced
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