Bots and trading - I want to try it

good topic mate,ive been thnking the same thing

if you know how the market reacts in certain situations you programme your bot to take advantage of those situations

as buzzer says they just do what you tell them so no they won't reduce losses over a long period of time.

absolutely

thanks for the advice snapper

An odd day to think of it, as the bots have been going through hell backwards since this morning's upgrade.

If you're reasonable intelligent its worth learning how to write your own.
Trust me its not as hard as it forst appears and also gives you the confidence that its actually going to do what you expect (and behave sensibly in unexpected situations).

BF used to have code examples which performed all the basic actions.
I started off reverse engineering those and getting them to do my bidding.
Never looked back.

If you're reasonable intelligent its worth learning how to write your own.

Only if you are an experienced programmer.

Slow and steady over the last few years.

1) hindcast test strategies with a database of events
2) then deploy them live but in test mode "e-paper trading"
3) deploy them live for real with small stakes

I don't use high data rate strategies. I try and implement stretegies I can test by hand first.

There are some things on here that never change and can consistently be exploited.

You can only get it to do what you want it to do - so you have to ask yourself the question - are there any markets where I'm better than most.

Then you'll find yourself quickly at HR - like everyone else ;)

You don't need to be a programmer to start writing bots- you can get going just fine using Gruss and Excel and then graduate, honestly - it's a piece of p1ss.

The problem is not the programming, it's the strategy that's hard to get right. Even so there's no reason not to make a profit right off the bat if you're the logically minded sort

The first real difficulty I hit was scaling- IE it's dead esy to knock up a little somehting to make £5 a race- but it's much harder to make the same or a similar strategy make £50 a race, it's not just a matter of increasing stakes. That's what you have to work on.

To win at gambling long term you have to be patient, disciplined and objective.
All criteria that are optimally manisfested by using a well programmed, reliable bot.
But as always the output of a bot is only as good as the input ( that is the betting algorithm underlying it, simply put the basic betting strategy).
If you don't have a mathematically repeatable strategy, your bot will be useless.

AND DO NOT FORGET YOU PLAY AGAINSTTHE FIRMS WHO HAVE ALL THE ADVANTAGES

Gallivanter trading is a lot easier than proggraming iff you can programe you sure can trade.

how are you playing .betfair against who.

well best of luck but you have very little chance i have programme that bets and lays at certain instuctions but it can still go wrong but when i instruct small stakes ie 25 a time i win 90 percent of time

trading is arbing so iff you are winning keep going if not keep trying to come up with.somthing differant and think of playing one firm against another.