/sci/ - Science & Math » Thread #13270834

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Trading bot science

Anonymous Sat 12 Jun 20:21:15 2021 No.13270834 View Reply Original Report

Quoted By: >>13270839 >>13270897 >>13270906 >>13270910 >>13271067 >>13271345 >>13276471

Why doesn't everyone create a bot that makes a machine learning model based on all bitcoin chart data so they can trade all the time for profit?

Anonymous

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Anonymous Sat 12 Jun 2021 20:22:44 No.13270839 Report

Quoted By: >>13273129 >>13273855

>>13270834
>bitcoin
Kys, scamnigger.

Anonymous

Anonymous Sat 12 Jun 2021 20:23:26 No.13270845 Report

Quoted By: >>13270872

Companies already do this

Anonymous

Anonymous Sat 12 Jun 2021 20:30:41 No.13270872 Report

Quoted By:

>>13270845
It shouldn't be that hard to do on your own right?

Anonymous

Anonymous Sat 12 Jun 2021 20:38:10 No.13270897 Report

Quoted By: >>13270920

>>13270834
Trading markets are very unpredictable, you aren't guaranteed a profit. This technique mostly consists of automating the same trading strategies that humans already use.

Anonymous

Anonymous Sat 12 Jun 2021 20:42:48 No.13270906 Report

Quoted By: >>13270951

>>13270834
> implying the market is rational

Anonymous

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Anonymous Sat 12 Jun 2021 20:43:47 No.13270910 Report

Quoted By:

>>13270834
why does the potato match his thumb?

Anonymous

Anonymous Sat 12 Jun 2021 20:46:32 No.13270920 Report

Quoted By: >>13270941

>>13270897
And also, if someone finds an algorithm that works, they will most likely keep it a secret rather than publish the findings. So this stifles progress in automated trading. It's basically every man for himself.

Anonymous

Anonymous Sat 12 Jun 2021 20:51:06 No.13270941 Report

Quoted By:

>>13270920
>progress

Anonymous

Anonymous Sat 12 Jun 2021 20:55:09 No.13270951 Report

Quoted By: >>13273855

>>13270906
I buy at 30 rsi and sell at 70 rsi with 3x leverage at the 1 minute chart.
I actually made 30 bucks an hour at that rate. But it's pretty stressful and you can get rugpulled

Anonymous

Anonymous Sat 12 Jun 2021 21:36:49 No.13271067 Report

Quoted By: >>13271172

>>13270834
This already happens with stocks and when all of the bots trade in response, it just makes the speed of trades happens faster than humans comprehend. The market doesn't change much as the system remains chaotic with so many players.

Anonymous

Anonymous Sat 12 Jun 2021 22:06:10 No.13271172 Report

Quoted By: >>13271184

>>13271067
So basically you're saying all the bots are doing this right now and I'm in the minority of idiots who aren't doing it?

Anonymous

Anonymous Sat 12 Jun 2021 22:09:07 No.13271184 Report

Quoted By:

>>13271172
You can't compete in their league with your gay laptop and shit internet connection.

Anonymous

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Anonymous Sat 12 Jun 2021 22:27:08 No.13271249 Report

Quoted By:

Anonymous

Anonymous Sat 12 Jun 2021 23:10:31 No.13271345 Report

Quoted By: >>13271371 >>13271394 >>13272741

>>13270834
to do this profitably in excess of just passively investing in an index is incredibly hard. you compete with other bots and one bot's profit is another bot's loss. And some of those other bots are made by Math, Physics, and Computer (people with PhDs) geniuses who are probably much smarter than any professor you'd meet at a University.

Anonymous

Anonymous Sat 12 Jun 2021 23:20:44 No.13271371 Report

Quoted By:

>>13271345
There is no index that has the top 10 coins or something

Anonymous

Anonymous Sat 12 Jun 2021 23:29:44 No.13271394 Report

Quoted By: >>13273805

>>13271345
it's more than this. Not only are you up against literally the smartest, greediest humans on the planet, they have an exceptional amount of capital that they can invest into things like an ultra fast internet connection that you cannot compete with. They will be making decisions way faster than you.

Anonymous

Anonymous Sun 13 Jun 2021 00:20:02 No.13271562 Report

Quoted By: >>13271594

I'm going to tell you a secret that is not in my favor to divulge.
Hold
/thread

Anonymous

Anonymous Sun 13 Jun 2021 00:27:29 No.13271594 Report

Quoted By: >>13271629

>>13271562
im so happy reddit has managed to contain all of the trendy retards and has managed to con them into wasting their money on meme investments

go back

Anonymous

Anonymous Sun 13 Jun 2021 00:35:03 No.13271629 Report

Quoted By:

>>13271594
Listen man I'm not a reddit fag, ok.
I'm going to make a thread about some information that is not in my favor to divulge, but I'm going to do it anyways.
the federal government spends millions in tracking me.

Anonymous

Anonymous Sun 13 Jun 2021 08:51:59 No.13272741 Report

Quoted By:

>>13271345
If you're a retail trader, you need a much smarter system than the hedgies (who already have very smart people,infrastructure, and capital). The only benefit being that you can capitalize on less liquid markets, although at higher transaction costs.

Anonymous

Anonymous Sun 13 Jun 2021 12:35:14 No.13273129 Report

Quoted By:

>>13270839
brainlet

Anonymous

Anonymous Sun 13 Jun 2021 17:24:19 No.13273805 Report

Quoted By: >>13276475

>>13271394
I think it's still possible to make money with just a laptop and shit internet connection. You'd need to use novel, back-testable, relatively long-term (at least compared to the HFT) trading strategies. The reason everyone doesn't do this is because it's very hard to find a strategy that actually works and if you're competent enough to do that you might as well get a job with the hedge fund fuckers

Anonymous

Anonymous Sun 13 Jun 2021 17:44:11 No.13273855 Report

Quoted By: >>13274197

>>13270951
I've done this too. Except I used to trade ETC and merely went off the btc rsi because all these alts act based on the btc order book.

>>13270839
I'm curious if people here actually think like this, I'd be surprised drones this stupid lurk here.

Anonymous

Anonymous Sun 13 Jun 2021 18:18:53 No.13273957 Report

Quoted By:

Pretty decent documentary that discusses this: https://youtube.com/watch?v=kFQJNeQDDHA

Anonymous

Anonymous Sun 13 Jun 2021 19:20:27 No.13274197 Report

Quoted By:

>>13273855
>I'm curious if people here actually think like this, I'd be surprised drones this stupid lurk here.
I mean, (I think) most trading bots deal with cryptocurrencies besides BTC and ETH, and the vast majority of the cryptocurrencies besides BTC and ETH are scams, so it's not a big stretch.

Anonymous

Anonymous Mon 14 Jun 2021 08:34:58 No.13276457 Report

Quoted By: >>13277950

The information describing future price movements isn't contained in historical price data. Trying to predict prices of a security from historic prices is max stupid

>t. quant

Anonymous

Anonymous Mon 14 Jun 2021 08:38:19 No.13276471 Report

Quoted By:

>>13270834
I did?
And because most people are fucking lazy and even more are stupid.
And because most people with the skill set don’t have the starting capital.

Anonymous

Anonymous Mon 14 Jun 2021 08:40:43 No.13276475 Report

Quoted By:

>>13273805
If you are at the level of knowledge where you think you would literally leave this running on your laptop you will not be able to build anything useful.

Anonymous

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Anonymous Mon 14 Jun 2021 18:02:57 No.13277828 Report

Quoted By:

Anonymous

Anonymous Mon 14 Jun 2021 18:50:28 No.13277950 Report

Quoted By:

>>13276457
what does renaissance do then?

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