C.A.T. — Cryptocurrency Automatic Trader, is a trading software that can be used for automatic trading strategies. It's not that easy to trade manually 24/7 on 20+ markets, With C.A.T trading software you can do it that easily. Please find more information about this trading robot on this BitcoinTalk post. Here are the most frequently asked questions by the users from the C.A.T.’s Official Thread on Bitcointalk page:
https://bitcointalk.org/index.php?topic=507103.0 | Current Version 5.0
Cryptocurrency Automatic Trader — FAQs
Price for the Bot and different exchanges or provided in the image below.
• What is C.A.T.?
C.A.T. is an “automatic-trader” completely written using Exchanger API + Java Code (8 Version) (Desktop Application). Users only need to choose different markets, set the first orders and parameters in the bot (not mandatory) and then let C.A.T. bot algorithm trade for you all the time. C.A.T. works on Linux/Windows/Mac with Java 8.
• Are Gains Guaranteed?
C.A.T bot only use a Ping-Pong Order, when order is completed, there’s a Mathematical Gain calculated by C.A.T. With the right choice provided, users will surely improve their overall gains. It’s not that easy to trade 24/7 on over 20 Markets but with C.A.T., bot people can.
• Does C.A.T. interacts with third part applications/server?
No, C.A.T. bot will only communicate with the Site users have provided (like @Bittrex, @poloniex).
• What is the cost of C.A.T Bot and where can people buy it?
The C.A.T. bot comes with locked API, once user can only use with one API at particular exchange and it consists of a core set of utilities. After purchasing C.A.T., bot users can decide which sites API they want to connect, they can add that exchange, so buying access to all exchange API is not mandatory. However, adding more sites to user’s copy of C.A.T. bot can be done at any time, all you need to do is send me a PM to developer in bitcoin Talk.
My First Day experience with C.A.T Bot and profit:
TO be on safer side i am running bot with lower amount of BTC. I have used bot for 24hr as market is down I was using only with few coins mainly with STEEM and SC and few other coins, I made ~10% profit so far (I will provide exact information in couple of days with more accurate results.). So far I am very happy with the bot.
If you don’t have C.A.T. bot yet, you can get it with by messaging to the developer at Bitcoin Talk Official Page.
If you need anything, just contact me. I can help in getting the bot, we are register reseller for C.A.T Bot.
How difficult is it to operate this thing?
Thanks for the interesting post!
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10% profit in one day is simply incredible. Stanley Druckenmiller of Duquesne Capital Management currently holds the record and posts an average annual return of 30 percent without any money-losing year.
You only need 7% monthly to become a millionaire within 10 years (my youtube video https://goo.gl/Ho7frD)
I am not sure how sub-stainable 10% daily is but nevertheless if it is AMAZING!!! I have coded this automated strategy which can produce 7% monthly, https://goo.gl/C3AoIH. Which is also astonishing. You are more than welcome @dommaraju to give it a try on a demo account to see it work. I know you will be interested. All steemers are welcome to do so.
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@Jordanlindsey Yes as i said i was trading only with few coins with lower capital, it was possible I am not sure how the profit fluctuates with this market conditions and with other coins if i use in the bot . I will definitely update me post later this week.
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Awesome, following you now @dommaraju
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This seems suspicious. Always be wary of people who are trying to sell you something, especially in trading. He claims to have made 10% using the bot and shows you the trades, but due to a high level of randomness in trading, especially in a small sample of ~20 trades it can be blind luck or even something more sinister. Oftentimes, people trying to sell a trading strategy or advice will have several accounts making random trades, and only show the ones that are successful to people they are trying to lure in. Always be wary with this stuff people.
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Very Cool! I definitely will be looking into this for me.
Thank you
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Worth sharing, Thanks follow back
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://bitcointalk.org/index.php?topic=507103.0
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Nice. Glad to see he is still making the bot these days. Be sure to also calculate the buy and hold value vs the ping pong and also just the hold btc value.
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Very nice ~.~ thank you for sharing + follow up
Please support and vote Thank you in advance
https://steemit.com/life/@tohamy7/what-is-the-virtual-world
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Interesting .....
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i like this post is very helpful thanks :)
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For cautious and skeptic people, auto trading – whether it’s in regards to binary options, forex or crypto currencies – is usually indicative of a scam. Indeed profitable automated trading has become something of an oxymoron over time, as the concept itself has been dragged through the mud by countless swindlers over various online money-making verticals. At first glance, CAT (Cryptsy Automatic Trader) – defined by its own creator as an “automatic trader, written in Java code” using various APIs to trade at various crypto currency exchanges – may indeed seem to fit that bill. It isn’t a typical auto trading scam though in several ways, and we’re going to take a closer look at exactly why it’s different from your run-of-the mill swindle, in light of how it is marketed and how it’s supposed to accomplish its profit-yielding activities.
Now then, to set the record straight: CAT may not end up generating any profits at all, and that is more or less acknowledged by its creator as well as by the crypto currency community members who have taken to using it. What the creator of CAT says is that completed Ping Pong orders are guaranteed to yield mathematical profits, but overall profits will take some good decisions to come about. Indeed, there are people who have lost money through CAT, and scores more who aren’t exactly happy about the productivity of the auto trader. The main virtue of the software – as extolled by its creator – is that it allows bitcoin traders to trade 24 hours through 100s of different markets, a feat impossible to achieve otherwise. Also, no outlandish claims of fabulous profits are made to entice the public to buy the auto trader. In fact, it doesn’t seem aimed at the general public at all.
It is currently only pushed through bitcointalk.org, in forum posts, which all have hundreds of replies. Feedback is provided too, both hot and cold. On the whole, it is safe to say that none of the aggressive marketing tactics usually associated with scam auto traders are used by the creator and only crypto currency community members are currently targeted as potential users. That is obviously inherently fair. The general terms of payment accepted by the creator of CAT are rather fair as well.
Who exactly is this creator though? Not a whole lot is known about him, other than the fact that he allegedly resides in Italy (he uses broken English in his posts, so that does sort of check out from a logical perspective), and that his bitcointalk.org account was created in 2013. He’s also quite active in the forum, posting on a daily basis.
Unlike most scam traders, CAT offers a rather thorough insight into how it’s supposed to do its trading and what sorts of algorithms it uses. Again, this has to be considered a mark in the “+” column for the operation. Besides offering direct support to all those who purchase his auto-trader, the creator, known by the moniker “Sampey,” also updates the software quite regularly, and – based on the forum chatter – is quite open to user feedback. He also encourages referrals, offering alt currency traders who bring new users to the fold, certain compensation, either monetary (in crypto currency of course) or in the shape of a free CAT copy.
What exactly makes CAT tick though? After the software has been downloaded, installed and the various APIs have been activated, traders are free to set their algorithms. The Ping Pong algo is where the strength of the whole setup apparently resides and there are detailed explanations available on how to set this algorithm and how it works.
It features three modes: Normal, Static and Aggressive. The settings allow traders to enter a minimal percentage of gain in a Buy/Sell operation. If this percentage isn’t guaranteed, the software will simply wait for another opportunity to surface. Orders total can be tinkered with as well. Traders can set for instance a minimum on order size to skip small orders in several ways: based on preset values, on the size of the available investment pool and on the Never Sell Under/Never Buy Over options. All these settings are aimed at Normal Mode.
Static mode simplifies the equation quite a bit: it lets the trader enter fixed buy/sell values and all orders will be executed at these values only.
In Aggressive Mode, the minimal percentage gain is the only setting that has to be done. Based on that, the software will always try to make successful Ping/Pong trades.
Obviously, there’s a lot more to proper Ping Pong algo settings than that, and the author goes into great details in this regard, so those interested in tinkering with the trader will know exactly what types of settings to aim for, based on their needs.
All that is fine and dandy, but at the end of the day: is CAT a scam? With all the available information, it’s safe to say that it isn’t. It isn’t being rammed down the throats of the public through aggressive marketing, and it isn’t posing as some sort of magic money-making solution. It is essentially sold as a tool for crypto currency traders to automate the trading they would do manually, and thus to cram a lot more action into their trading efforts, covering a much wider range of markets. So no, CAT isn’t a scam.
Does it generate profits though? For some people it might. Its results differ on a case-to-case basis. Some say they haven’t been able to profitably use it. There’s a little bit of confusion regarding its capabilities due to the above mentioned affiliate reward, which has prompted some to post overly positive reviews about CAT. The bottom line is though that it isn’t a magic bullet. It is just a Cryptsy bot playing coin shuffle with the rest, generating some profits for some, and some losses for others, in what’s most likely something very close to a zero-sum game.
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Auto money maker?
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great! thx for this info! gotta try this one!
following + upvoted + resteemed
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Thanks for sharing the result , will wait for ur next results with CAT .
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Thanks for the info! will be doing research into this, my choice of coin will be burstcoin! to the moon!!
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This is crazy! I had no clue bots like this existed...How dangerous is it allowing a bot access to your exchanges where money is stored?
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This is as safer as you are doing with manually. It is interacting only with Exchange with provided API. You should not enable withdrawal feature in the bot for safety reasons. as always it is individuals choice.
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Wow, a bot trader! I'll definitely love to try it out. Thanks for sharing!
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Would love to see a comparison of this and gunbot from you!
It's jimmy by the way, thanks for he invite
My friend
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Can I use this on Gdax? I like the idea of automated trading but it feels overwhelming to get into, any advice?
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