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RE: The Coinigy Market Scanner will be a game changer

in #trading7 years ago

We are soooooo far as a group using my strategy to ever cause an effect to the market.. but yes, if many traded this way, then the market would become more stable.. As far as a robot goes, I have never seen one manage to make decisions like a human.. because every situation is different, and it only takes one bad trade to really hurt you, if say your computer algo started buying when there was horrible news hitting the wires.. I would see the level 2 react and I would get out quick, but a robot would possibly keep buying.. i dunno, there are lots of variables

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i'm thinking if 100 guys would have a scanner. probably more would really use this strategy. so i you got 100 guys X 1000$, thats 100,000$ money power. on small pair, it can make a HUGE effect.
I'm building robots for Media buying..the more people use it, the less it will work because of bid wars.

Anyway, once i get free i'll make the scanner at least. As for robot, yes, it can even detect the news. You can make news analysis and it will not even trade on suspicious news.
We are in the age of self driving cars. Everything is automated. its only a question of how long it takes, to make it completely automatic.

Best is to do it gradual.
i'll start with a scanner for market price drops.
later can work on algorithm for base detection.
working manually with these..later thinking of more automation. But lets first make money with these.

a scanner that would find bases would be awesome, but hard to code.. It would have to identify a bounce that created a base then a new low from that base of 5% or more.. something like that.. it would almost have to be a chart scanner, not a coin scanner.. i dunno.. big project i think