Bitcoin bot and buy sell orders
I today identified a problem that might prevent the kind of trading described from working. It seems to be a software issue at Kraken. Both seem to be rogue trades. You can't do a trade outside of the market bid-ask unless you are big enough to move the market. The trades wer efor 0. Not enough to move the market - definitely not enough to make a flash crash.
I have just posted a new blog with screenshots, showing what went wrong. The blog, entitled "Bad Trades on Kraken", can be found here: The original article appears below. There is just a problem with one aspect - the "start time" function:. Did you ever wish that you could trade bitcoins while you are sleeping?
If you have an account at Kraken, you can do this without any special skills at all. You can go to bed and trade while you are sleeping. In this article, I will show you how to buy bitcoins at pre-determined times and prices in the future, and then to sell them again at a profit, - at a higher price relative to what you paid. You can set things up so that you trade once a day, once an hour, once a minute, or as often as you want. To do this, you need an account at Kraken.
You can trade up to 5 times your money leverage. To show you how to set up automated trading, I will walk through an example of one trade. You can repeat this hundreds of times if you want. I could just place a limit, and then when I come home I will see if I got hit. I want to place an order to buy 0. So if the bid-ask at As soon as your order is traded, Kraken automatically enters a new sell order, at a price you previously determined.
Look at the picture below and the items circled in yellow. These are the things you need to change or enter. This means you will buy at whatever the price is at the time you choose. I do NOT recommend market orders. You will pay the lower market price. On the leverage tab, I clicked 5X.
This does not mean I am going long 0. It means that for the 0. The rested is borrowed. It gives me the opportunity to enter more trades than I can afford. This allows you to set the time at which your order will be entered.
You can also choose when your order will expire. You can easily forget about them. I prefer orders to expire on the day I entered them. That way, I can start each day uncluttered from the orders of the previous day.
Now you have entered your first order go ahead and enter the rest. You can enter hundreds of orders like this. They will only be executed if the money is there. This is not investment advice. Trading bitcoin not suitable for many people. You may lose all your money. I like to think that I'm a holder. I scalped ETH 6 for 6 in the green in the spring, and then gave up settling to be a long term holder for all of my tokens. It felt like playing with fire as a novice trader with many years LESS experience than you.
Sadly, my main platform Gemini doesn't offer this level of trading, but perhaps one day. I don't like using Bittrex for anything but quick Alt buys and ship outs to my wallets, but doubt that they have this either. I think this auto-trade strategy overcomes that issue as well! It's true, I find it practically impossible to trade when the markets are moving fast. I also had to keeping entering my kraken order over and over anf over again, until it was finally accepted. I hope this method of auto-trading will overcome this busy markets issue, But I don't have evidence either way yet.
Thanks swissclivevery informative and simple to follow guide. It's time to roll up my sleeves and get "Kraken" with cryptos. Hello friend, I did not know that kraken page, it looks quite easy to use, thanks for sharing all your knowledge with the community, it's a good job. I was thinking to set this auto trade from the past few days.
I think it is the future of trading cryptocurrency. Honesty, I had no idea, how to auto trade, your post is an excellent explanation of auto trading cryptocurrency. You have completed some achievement on Steemit and have been rewarded with new badge s:.
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If you no longer want to receive notifications, reply to this comment with the word STOP. By upvoting this notification, you can help all Steemit users. How to trade bitcoin like a bot while you are sleeping - on Kraken. You can be your own trading bot! No need to program. I have put in a support ticket to Kraken and will share their reply. There is just a problem with one aspect - the "start time" function: Example I want to place an order to buy 0.
What happens At Here are some important points: The rest of the screens are self evident. You can just click through. If you try this, please experiment first with small amounts in case you make a mistake.
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