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RE: Biddle Is Making A Minty Trading Bot
Hey @alexejco , that's awesome! Programming is programming imho, so there's absolutely crossover and that will allow you to take up additional projects more easily! :) But yeah, that would generally be the way to do it. I will be using historical data, but not necessarily using candlesticks (although that is a tool that many love and find value in) right away. But yeah, you use historical data (preferably continuously updating it yourself utilizing the api calls available in Bittrex to get market data) and you make suppositions of future movement based on that data using whatever strategies you think will work. :)
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!
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. :)