<p>I tried writing one in 2011-12.  I ended up doing a lot of volume, but I only broke even because of the commission.  I generated a lot of money for Mt. Gox though!</p>

<p>In general, writing an automated trading program is always going to be a difficult task, because anyone who can write a superior program can cut into the profits of the inferior program, which leads to a development arms race.  This is what some hedge funds do (not with Bitcoins), but any models they develop are only expected to make money for a short amount of time.</p>

<p>Even if someone released a high-quality open-source program, it would be difficult to make money by using it because so many people would run it.</p>

CC BY-SA 3.0
2013-08-08T05:32:03.177Z
2013-08-08T05:32:03.177Z
paulkernfeld
<p>Is there a bitcoin robot that can automatically trade bitcoin for USD?</p>

<p>I see that bitcoin rates fluctuate every day and has different rates at different exchanges, and it could be easily traded like other currencies.</p>

<p>So, is there a bitcoin robot, similar like forex robots?</p>

<trading>
Is there a bitcoin robot?
Bitcoin Eric
# Is there a bitcoin robot?

(Asked by: username_0 on 2013-08-04)

Is there a bitcoin robot that can automatically trade bitcoin for USD?

I see that bitcoin rates fluctuate every day and has different rates at different exchanges, and it could be easily traded like other currencies.

So, is there a bitcoin robot, similar like forex robots?

**Tags:** trading


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## 1 answers

### Answer by username_1 on 2013-08-08. Score: 1

I tried writing one in 2011-12. I ended up doing a lot of volume, but I only broke even because of the commission. I generated a lot of money for Mt. Gox though!

In general, writing an automated trading program is always going to be a difficult task, because anyone who can write a superior program can cut into the profits of the inferior program, which leads to a development arms race. This is what some hedge funds do (not with Bitcoins), but any models they develop are only expected to make money for a short amount of time.

Even if someone released a high-quality open-source program, it would be difficult to make money by using it because so many people would run it.


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