Viewing a single comment thread. View all comments

Careful-Temporary388 OP t1_j1e28sh wrote

Thanks for explaining. I wish you luck my man! Instead of having the bot act, I was just going to have it predict price and then hardcode actions depending on the prediction. Really though, I feel like the net result is the same. There's so many people who have tried this and I'm yet to really hear of a success story, so I doubt there's much money in it unless you're creative with your data sources and your approach. Like finding a correlation somewhere that you can manipulate - for example - selling grain stocks when the weather is predicted to be a certain way for long periods of time.

1

LiquidDinosaurs69 t1_j1eexl1 wrote

I think some people have been able to conclusively show a profit with this actually. I know I’ve read at least one journal paper where they showed a profit. During my back testing I was actually able to get up to 2% profit per year which isn’t really worth it. Yeah I’ve heard using data from other sources like Twitter sentiments can work. Maybe weather would be useful too if you could find a way to use that data.

1