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RE: Biddle Is Making A Minty Trading Bot

in #crypto7 years ago

That makes sense. The first thing that came to my mind when reading this was a simple high frequency bot that buys whatever value and sells immediately after the market price increases to a slightly higher % than your fees for the trade. You'd possibly wait a long time if the price falls low and the bot waits until it's up to the buying price again!

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Yeah, that's how it will work, but the hard part is to figure out what predictors might imply that a price will go slightly higher quickly. :)