Bitcoin Forum

Hey Guys

I have been working on a bot that assists me in making trading decisions. It uses technical analysis (MACD) on historic BTC data (BTC-e) and calculates when to buy and when to sell.

When backtesting from 6 months back it made 2x returns. You can see the results directly on the website.

You find it at:
http://www.coine.xyz/ (http://www.coine.xyz/)

Please write some feedback if you feel that something is unclear or missing. I will do my best to respond as quickly as possible.

FAQ

Where do I download the bot?
There is nothing to download. Go to http://www.coine.xyz/ (http://www.coine.xyz/) and enter your email in the form. Everyday you will receive an email with advice.

Will it be open sourced?
Not right now.

Do you have proof that it works?
You will find proof on the website, at the bottom there is a button that says "Show me". Over 100 people are subscribed at this moment.

Where is the price data from?
BTC-e.com

PS. Always follow your own judgement when trading. Tools are there to help but they are not 100% accurate. Think of Coine more as a guide than a magical wizard.

Sounds interesting. I do not trust much in technical analisys, but that is probably because I have never tried hard to trust it. I guess that the bot would help me learn and automatize things. You have my vote for releasing it to the public :)

Can you forward test it for a week and tell us the result?

i'm interested if this bot, is even slightly profitable, few % per day and a +ev in the long term, but it must be open source

Agreed, sounds very interesting as I have no experience programming one myself. If you are offering it here then yeah, open source for any who come across it.

I was skeptical at first but you didn't throw up a random .exe file so that's a plus.  ;)

I personally won't use any such bots since I can really study the market analysis using any of the data analyzing tools which generate various pie charts or other visual representation charts ,which convey more accurate information than any bots ever could.Moreover look at the top 50 traders history,no trader has ever used a bot ;)

At the current moment I managed to make it profitable on daily candlesticks. Which means that it won't make trades everyday and potentially missing out on opportunities that the MACD indicator is not picking up on.

But if you are willing to stick to its advice for a couple of months it might make you a profit.

Lol I would never run a .exe on my comp from some random guy at a forum.

I was thinking of releasing it in a very primitive and safe way.

As a simple mailing list, everyday you'll get an email that tells you if you should buy/sell/hold.

Then if people like it I will listen to their feedback and build up additional features.

Would you subscribe or not?

Consider yourself smart that you don't need bots to do your brain work for you  ;)

I am making this for those as lazy as me that wants a machine to do their thinking for them.

Are you saying you wouldn't release the actual bot yet but the information it is giving you?

I would like to see some kind of proof of this bot working first... Something like the 'Bitcoin arbitrage' thread.

Considering you are a newbie here and haven't given any info out to prove the earning, I doubt any one will have some trust to you. And at the beginning you were planing to release a bot, then you changed the mind to ask for subscribtiom.

how can we, be sure that the info you're giving to us are correct? also even if they are correct they can come late enough to fade away the purpose of the possible profit

I am indeed a newbie here at the forum and I don't have any credibility. It is up to you trust me or not.

My plan is to one day release a fully working bot. At the moment I have made the first step in that direction. I have successfully made the algorithm so that it makes a profit. But it is far from finished.

I never said I would release the source code. Being a web developer I would release this bot as a web application, that means no viruses or any other nasty things that can hurt you. The first version being an email subscription that you can opt out of at any time is exponentially more safe than running code locally.

I will do my best to release proof that the bot is working. Right now it is just a mess. So I need to figure out a way how to present it so it will be understandable for everyone.

This is a work in progress. And you all have a chance to be part of it.

I don't like those bots they are good only if you are a whale!
Maybee for arbitrage but when we have wave everyday like this right now you better
 stick with bitcoinwisdom and one exchange the time.

Here is the first version of the bot. On the site is proof that it is working.
http://www.coine.xyz/ (http://www.coine.xyz/)

Feedback is welcome and appreciated!

Cheers,
Coine

Did anyone try to use this link is it safe?

Is it possible for you to share the backtest results?
Maybe create the strategy in TradingView and publish it so we can all see the results live?

Is your bot user friendly? I've never used a bot before, but from what I hear, it seems to be pretty difficult to get it properly configured in order for it to generate profit.

Yep. Having an open-source bot is a must if we're to be using it. Seeing the script and any algorithms it uses will be a great help in both accepting it and upgrading it. If the community is able to better it, then as a whole we can benefit.

Hello,

First of all, I wanted to tell you congratulation for your work and good effort!

I was just wondering where/how did you manage to test your bot? Did you used data extraction from some website? or how did you do?

Thank you in advance for your answer.

 ;D

Very cool, i like the way it functions gl.

You can see the backtest results on the site. Click the "Show me" button on the bottom of the page.


It will be web based for now. I may consider to make it open source in the future.


Thank you!

I tested the bot on historical price data.

Btc-e offers an API to access their data.



Thank you!

It will be web based for now. I may consider to make it open source in the future.
[/quote]

web based is good, if you can code it in this way it will be better, but it still need trust, if we need to invest

I get that.

So what do you need from me in order to gain your trust?

I can share how I built the program and what algorithm it uses to calculate its recommendation. But I can't give away the source code in order to protect the people who opted in with their emails. If someone finds an vulnerability and exposes their emails, then they will loose their trust in my service.

Thank you for your quick answer!

I was also wondering if you programed your bot in PHP or in another language?

Thank you again for your help! ;D

I could say that I'm old school when it comes into trading. I trust my analytical skills and my instinct.
But hey, I'm not saying that I wont try using such inovation such as your bot. I could give it a try though with just a meager amount to begin with. My only concern is that I dont check my email regularly and when I could've read your email to tell what to do, the chance would've slip away. If you can make it real time i.e. some kind of an app that we can install,or a group message thru viber or whatsapp, then I will give it a shot.

Thanks by the way for taking the time to program such a bot.

No props.

It is coded in javascript with nodejs. If you need any specific coding help, send me a PM.


You are doing the right thing. I would trust my analytical skills more than any bot available. Main reason for why I built this bot is that I'm lazy and don't want to spend to much time looking at btc price charts.

Good idea with the app/group message, I will look into it.

Thanks for the feedback!

I agree. It's damned fishy when someone says "I have a free software to make you earn money".

My ass yeah, if you had such a software you would just run it yourself with lots of money on it. Or even take a loan and use the money from the loan.

I don't believe you at all, it's certainly a malware, else why sharing?

That's a very sad world view. What you are describing is that everyone is out to hustle each other.

I made this program initially for myself. But I thought I could share it with others because I thought it would be of value.

It's up to you if you want to use it or not.

if it is web based, i don't think it need the source anymore, if there is no exe, to download it is safer, still the website need to have the green lock at least

and if it need to invest, it need an escrow that hold the funds, maybe a member of this forum

Thats a great work buddy. But its developed it works give analyse the data just based on your command as well the input thats been provided or added initially and data which were often updated. It doesn't know what the real market situation. So its better to have a real time analysis

I like the fact that it's free and the interface is pretty good too. I'll be subscribing.

I read your story and it seems pretty convincing, hopefully I can make some profit too :)

Well I just got scammed of a consequently substantial amount of money so yeah I'm rather pesimistic on such things.

But my apologies for judging in advance. And it seems like numerous people tested it and vouch for it.

I'll wait a bit and if everyone is satisfied or at least didn't get screwed I'll maybe give it a try.

You're welcome.
As i have said earlier, I'm keen on trying this out but with reservation. You see, I'm into day trading thats why I want a real time data analysis. I know its a free service you are offering here, but if its not too much to ask, I still want some real time way to receive your bot's prediction.

That is look good, does is your bot can used for all of markets? Or just for btc-e? And i think you explain how is work.(tutorial) sorry i am newbie

of course its only for btc. As OP said on his first post:

There are mostly new accounts vouching for you OP but also feww Hero/Sr member.

If/when we reach page 4 and enough vouching I test your tool ;D

i was thinking the same thing, if some old members of forum can test the site and give some feedback i would check it out too.


i have so basic knowledge of programming so forgive me if my question is newbish
but why is their emails in the source code that can be exposed? should't it be in a database accessed by your version of the code that you are running?

Hi Looks cool, subbed, will throw $20 at it and see what happens :D

Thanks for your effort man, some stable trading signals can help a lot people.

Do u usually sell within a day or does the bot also send the sell signal?

It should, but maybe he just created the code rather fast. Having the database to store everything means higher cost, and not sure he'll win anything with that.

In fact this tool doesn't give anything to its creator no? That's probably the most fishy thing here, that you don't earn money with it xD

Good feedback on the "green lock" I will implement it on the next revision. Also I am not asking for your money, so no need for escrow.


Yes! Good idea, I will make the data presentation much clearer and users will be able to change time periods as they want.

I will write it down in the development backlog and get started on it.


Thank you. Means a lot to hear that! I hope we all will make some profit with it.


Wow that's harsh man. I feel for you. Karma will get that bastard.


Do you have any good go to resources on day trading? The more I learn the more I can improve the bot.

I can make the real time data available if you are interested. Just tell me in which format you would want to receive it (website, twitter, facebook, email etc).


Thanks!

Right now it's BTC on btc-e.com only.

I will start working on a tutorial for you.


Page 4 here we gooooo!



This is just the first version so it still primitive.

I sell the same day as the bot recommends. It will will send you a recommendation to sell, but use your own judgement when to sell. As we all know bitcoins are extremely volatile and the prices can change drastically hour to hour.

Thank you!


Yes, it is built fast. Now my job is to tighten it up.

My philosophy is to provide value first. If it's good the reward will follow. I have some ideas on how to monetize, the best case scenario would be that both me and the users can profit from it.

Hi there, I had a look at your site and I will follow this thread closely and maybe I could start investing some bits with you. Anyway well done, it seems it worked so far.

Ok you convinced me, I'll try your script buddy!

Thanks for sharing ;)

Yes. But there is not tutorial for use the bot.

I am working on one.

Very good if it will be open source. even if in long run it gives bit more % then im willing to use it.. even pay for it.

Not going to be open source for now. That might change in the future.

Been receiving the emails from your bot, recommendation is to hold every day and it seems to think the price of btc is $390 every day.

Everything working correctly?

The bots that has been developed to give analysis on the trading of the bitcoin is good but can't expect cent percent of success on following the suggestion given by bots.

I think the bot is working just fine. Its giving the prediction to "hold" because it can't see a major price movement from the data it analyze.
A bot is algorithm base so its only good as a cross reference for your own data.
I subscribed too and it helps me to decide wether to buy or sell.

Everything is working correctly. It was showing the price when the trend period started.

I have fixed it, so it should be working properly tomorrow.

Thank you for noticing!

Ive subscribed, and I've also noticed that problem of $390 every day. I followed your bot's advice once, and iv'e already made $5.

One tip to put in the OP and site, say that your bot is only a guide and is right most of the time, but not all of it.

Thanks, that's a good idea.

That is indeed a very expensive bone. But I think you can do better yourself.
Because soon you will still ripped.

Coine is an advicer. You shouldn't follow it blindly.

which programming language that bot?

do you think about open-source?

this bot for BTC-E market ? kraken? bitstamp? or global price like use coindesk api?
any link how to download this bot?

Javascript with nodejs.

Not right now.


BTC-e only for now.

You can't download. Go to the URL www.coine.xyz and enter your email in the form. Everyday you will receive advice to Buy,Sell or Hold.

i don't like javascrypt(especially if it tell you to install something via browser), i prefer if it was coded in php with a solid web gui

Javascript does not tell you to install something in the browser. Most websites on the internet run javascript in some way or another. Many major websites are either running or moving away from php to modern javascript frameworks.

You can build a solid GUI with javascript.

Coine, if you are offering clear, good and legitimate tool and you don't charge money for it. Then why are you so strongly against  making it an open source?
I would understand if you were selling this bot, but otherwise - not going for full disclosure with open source is a little strange for me.

I have answered this question before. The reason right now is that the API is not 100% secure. By giving away the source code I compromise the  users information.

I will turn around the question and ask you instead. What would you do with the code if I open sourced it?

Super interesting! It's advice is much appreciated.

is it safe or not?

Posted From bitcointalk.org Android App

this is a good help if bot work perfectly, no offense OP I really looking for this kind of help, needed so much to learn trading.

unless the email cointasin some pishing or malicious link it should be safe, there is no contagion if you simply open an email and don't click on anything, just read what he is telling you there

but the profitability of this bot is yet to be seen

Do you have any free glimpse of this? I was wondering before buying it.

Thank you! It's people like you that makes my effort worth while.


There is nothing to buy.

Its something good for people who are much into the trading of bitcoin, There are several trading bots as well exchanges for various local currencies are coming into existence. This has to be open source as suggested in few posts, so that users can trust verifying.

I sign up to test how good is your bot,I am not into trading bitcoins since it is not really hard to predict it's price,as we all know bitcoin is bound to grow and to be of high asset

seems interesting in fact for trading I use btc-e and whill try this too thanks for sharing be back for feedback after couple days  :)

I'll be going to try to use this OP since I'm just new to bitcoin trading hoping that this work of yours will allow me to trade a small amount of a coin. And also if I understand it correctly you just need our email and the guide will be delivered to us right?thanks

It will take months before you will see results.


You will get an email everyday that tells you to buy/hold/sell. Plus the latest bitcoin news.