Bitcoin Forum

Hi,

Currently I am operating a bot that works in the XPM/BTC market. It is working since 11 days and is netting approx 2% per day (XPM).

It is working with a very small amount and hasn't been tested with larger sums, so this is why I am posting here.

I am looking for investors that are willing to invest a minimum of 25XPM so that I am able to test the scalability of the bot.
The first round will be capped at 1000 XPM.

The test will last 14 days after which your money will be returned plus the profit (or god forbid minus the loss). Every day an update will be posted showing the trading results of the bot, like the one below.

When you are interested reply to this post and I will contact you for the details.

https://i.imgur.com/9EAVFjw.png

Why should you invest?

• A 2% return a day is not bad at all.
• When the fund opens up for more investors I will be charging a management fee. First round investors will never be charged.
• The bot will - when large enough - create better market liquidity. You will need a lot more XPM to manipulate the market.

Why am I asking for investors?

• To spread the risk. Although the bot is working now, it is not said that when more money is added it will continue to work.
• To spread wealth a little. Let some people profit who would otherwise not be able to.

How do we know this isn't scam 1,000,001?
Standard answer is You can't. So when you are interested only spent a few coins and only coins that you can afford to lose.
You can always contact me via PM on this board and I am a pro trader on mcxNow.com and often to be found in their troll box.

What will happen after 14 days?
When the test period if over your coins will be refunded plus profit or minus the loss. I will then start a next round of testing for another 14 days with approx 5,000 XPM. When that test also succeeds I will open the bot to the general public. As investor in the first round you will never be charged management fees for CryptoBot. As an early investor you also have priority for consecutive rounds.

Can I have my money back before the 14 days are over?
No you cannot. Only when it turns out that the bot is not handling the increased volume well, I will abort the test and refund all investors.

Is it possible to lose my complete investment?
Yes it is possible, but the way the bot is programmed it is very unlikely. Nonetheless you should only invest money that you can afford to lose.

What algorithm are you using?
Unfortunately I cannot disclose that information, because by doing so I would render the bot useless.

I have a question which i cannot find an answer to in this FAQ.
Just pop me a PM, reply to this post, find me in the chat of mcxNOW.com. I will come back to you ASAP.

Day 14

Well, the first test round has come to an end and fortunately the period was concluded with a profit of 2.78%.

This means that for every 25XPM invested 25.695 will be returned if you have not opted to roll the investment over in to the next period.

The announcement for the next period can be found here: https://bitcointalk.org/index.php?topic=292515.msg3131216#msg3131216

https://i.imgur.com/SIXjZbU.png

https://i.imgur.com/YKtQME5.png

Day 13

On the last but one day we almost made up for the losses and when we have another day then the last two we will end b/e.
This is of course a little bit disappointing but keeping in mind that it was a test I think there is enough reason to continue with the second round.
I will PM all investors later today when I am back home and ask what they want to do with their deposits. I will also make a new post for the second funding.

https://i.imgur.com/yN2OyQL.png

https://i.imgur.com/ojmiAv2.png

Day 12

The reason we had some only small profits the last couple of days had a few reasons:

• Traded with small amounts to see how new algo performed
• Due to the weekend there was not that much trading going on
• Switched bot off during the night to avoid problems with update of exchange

No that I am trading full speed again you immediately see profits return to "normal". Let's hope it stays like this.

https://i.imgur.com/i86qGd6.png

https://i.imgur.com/OnfhjC3.png

Day 11

Changed the algo a little to prevent that the bot accumulates XPM in downturns and BTC in upturns. This means however that I need to trade bigger to reach profit targets. Furthermore it is still switched off overnight to prevent unwanted events in case mcxNOW updates without notice.

Finished the cryptsy bot and now running it in Alpha test, hope to deploy in the coming funding round.

https://i.imgur.com/B5xOZ5e.png

https://i.imgur.com/j7btLlR.png

Day 10

Slowly gaining ground again.

https://i.imgur.com/vJLN8Mh.png

https://i.imgur.com/7sKQgf2.png

Day 9

From today on I will share a little more information in my daily update. I have added columns to show the BTC value of the fund.
I figured that this is valuable information as when the fund value in XPM stays the same but XPM/BTC goes up it is not necessarily a bad thing, where as if the XPM fund value goes up but XPM/BTC goes down it is not necessarily good.

https://i.imgur.com/JL76CdI.png

https://i.imgur.com/oLnUSjq.png

Day 8
Bot is still not recovering from the surplus in BTC it has which is still pressing heavily on the results.
To put injury to insult I then made an mistake as instead of selling BTC at 0.0045 I typed 0.045 and
acquired the XPM at 0.0047. It is really a shame that this is happening just at the time that XPM is gaining ground.
Also overnight I stopped the bot because I am afraid that MCX is going to update when I am asleep and because of the
update the bot goes rogue when I am not around to babysit.

https://i.imgur.com/6Ani6er.png

https://i.imgur.com/SgETDbk.png


Day 7

Today was a black day for the bot. It was nicely set-up with BTC to start buying with an eventual pump. The pump came but not the buying :( The exchange chose to do a reset and that caused my bot to crash. I thought I had solved that bug, but since it i snot an easy bug to test, I missed an exception catcher which caused the crash.
So now the bot has BTC which has to be valuated at a higher XPM price hence a big loss.

https://i.imgur.com/ZKMlEhE.png

https://i.imgur.com/14HIvcA.png

Day 6

https://i.imgur.com/KNCDW6K.png

https://i.imgur.com/t5OoPpg.png

Day 5

https://i.imgur.com/tMCrUGy.png

https://i.imgur.com/0dK7bds.png

Day 4:
Here are the results of day 4.

https://i.imgur.com/3Kls289.png

https://i.imgur.com/H2cKa4x.png

Day 3:
On day the bot made a very tiny loss. I found the problem with the API I was developing so am finishing that.

https://i.imgur.com/QbMiJFG.png

https://i.imgur.com/zUL6M5L.png

Day 2:
Also day 2 has been profitable as the bot made a return of 2.22%. Yesterday evening there were talks on mcxNOW on how to attack the bot. The chat was funny to read and although they outsmarted the bot in a way they couldn't do much harm as the bot is resilient enough to handle these kind of attacks. It merely costs some profitability. Nevertheless I added some more security to prevent exploiting.
As I was adding to the the bot anyway I started to implement other exchanges, but got stuck on signing the api calls using c#. I will look in to this further today, but if anybody has done this before I would be very pleased with some help.

https://i.imgur.com/YroWMFG.png

https://i.imgur.com/qUOtzeW.png



Day 1

Well the bot has been working now for almost 24hrs and generated a 1.67% return.
It encountered a few problems which resulted in downtime. First of all the exchange rebooted and the bot didn't restart when the exchange came back online. Will look in that over the weekend. Furthermore I needed to adjust some logic to deal with partial filled orders and introduced a bug by doing so which resulted in some additional down-time.

I semi-manually did an arbitration trade to acquire the necessary BTC so that the bot can trade both ways right way and didn't have to wait for itself to acquire enough BTC.

https://i.imgur.com/9j1rpGI.png

https://i.imgur.com/FNaWbhV.png

I can send 10 xpm it's all I have right now.

I Think my bot is trading against your  :D :D

Sorry pagan, 25XPM is really the minimum. Less would be too much management overhead. May be you can find somebody who give you the missing 15XPM and share with him?

probably yes.

Are you on cryptsy?
I'm in the final part of beta-test. But i'm not sure about the next step, if invest on my project or use by myself.

Now i'm using little sum of XPM (Or any other cryptocurrency).
This is a part of my log :

2013-08-28 18:17:02| Ping Pong Success! Start Order  : Sell@0.00579991 End Order Trade : Buy@0.00550041 Quantity 15.81998251 (Gain 0.00473808  Fee 0.00017403) Total Gain 0.00473808
2013-08-28 18:17:28| Ping Pong Success! Start Order  : Sell@0.00579989 End Order Trade : Buy@0.00550009 Quantity 11.06614740 (Gain 0.00331763  Fee 0.00012173) Total Gain 0.00805572
2013-08-28 18:20:51| Ping Pong Success! Start Order  : Sell@0.00579989 End Order Trade : Buy@0.00550071 Quantity 18.32458640 (Gain 0.00548235  Fee 0.00020160) Total Gain 0.01353807
2013-08-28 18:22:15| Ping Pong Success! Start Order  : Sell@0.00584987 End Order Trade : Buy@0.00550007 Quantity 1.77355561 (Gain 0.00062039  Fee 0.00001951) Total Gain 0.01415846
2013-08-28 18:37:47| Ping Pong Success! Start Order  : Sell@0.00584986 End Order Trade : Buy@0.00571015 Quantity 26.88705598 (Gain 0.00375639  Fee 0.00030706) Total Gain 0.01791485
2013-08-28 18:42:19| Ping Pong Success! Start Order  : Sell@0.00569999 End Order Trade : Buy@0.00551011 Quantity 1.77355238 (Gain 0.00033676  Fee 0.00001954) Total Gain 0.01825161

Total Gain is the sum of all the previous Gain.
Time Stamp is Local

I find this idea incredibly intriguing and have been considering something like this myself. I have a lot of ideas but lack all of the pieces to bring those ideas together in a timely fashion. Some questions though...

I realize that sharing it would most likely negate its effectiveness, but it sure would be nice to know the types of things the algorithm is looking at and doing.

Are there stop losses in place? Does it trade across exchanges and take advantage of arbitrage if profitable?

Can you also give us a little background on your expertise and capabilities?

I'm sort of split 50/50 on wanting you to share this or not wanting you to share it, as any sharing may reduce the bot's effectiveness (and I obviously would want it to have maximum effectiveness were I to invest).

Anyway, good on you for bringing it here and not just sitting on it yourself. Subscribed for updates.

im in for 25, let me know

I'd like to have the answers to these same questions.

this

I am in for 25 XPM. let me know if it's OK

Stas

As much as i would like to tell you about the bot I will not do so. Because a smart person might even from the slightest information get an idea of making a copy cat. I can tell you however that it is purely based on price action and it using stop losses yes. I am not a big believer in moving averages, Bollinger bands etc when it comes to crypto. Liquidity is just too low for it to work IMO.

It is not using arbitrage, that might be added in a future version to increase profitability.

About myself. I am an engineer by trade and currently running a consultancy business for functional safety in the automotive industry. Before I started that I used to be the business unit manager of a trading education website which I built from scratch. Before that I was a software engineer.

Because I very much like everything about economics I have always been very in trading all kind of stuff and that combined with loving to code I build trading bots :)

I hope this answers your questions.

That's about as much as I would expect you to share, if not perhaps a little more. Thanks for the prompt and transparent response.

Hi Guys,

just to clarify as some people might have misunderstood.

I will not share the software, because the way the bot trades it is not possible to trade multiple instances. They will kill each other.

It is just a fund that operates the bot and pays the profits to its investors.

Interested, shoot me info on how to invest. I'll toss you 100 XPM.

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512


Quoting (and signing) for posterity. :)
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Comment: GPGTools - http://gpgtools.org

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Ok I have still room for 250 XPM

It is going fast don't be late or you have to wait 14 days for new opportunities. And in that round I will ask management fees for the newcomers in that round.

So what is it, market maker? Grid trader? ...

Is it a bird? Is it a plane? it's CryptoBot! ;)

If my own bot-tests are anything to go by, the more you invest, the *less* you'll get back (in relative terms) due to the poor liquidity at exchanges right now.

I'll invest 50xpm

Yes that is why I am doing this test. See if the bot is scalable. It should be able to handle 1000XPM though.

Me too, if I am not too late.

My XPMs are just lying there. Even if I make a small return at least I will make something.

As Marple said earlier (but it bears repeating), you may not make anything. In fact, you might lose something (or all). Only invest what you're willing to lose.

I know, there is always the risk.

Do I need to PM separately ?

EDIT:Never mind, received PM

Already sent you an PM :)

Hi Guys,

The first funding round went rather smooth and just received the commitment for the last slots. As a matter of fact their will be a little overshoot due to my own funds which I forgot to calculate :) but that is not to bad I guess.

This afternoon at 1200pm GMT I will fire up the bot and then try to give updates at noon GMT each day. Although the actual update time might very.

Thank you all very much again for the trust and I hope the bot will maintain its profitability with the increased funds. Time will tell.

As always, if you have questions, just shoot.

Marple

Even though I didn't invest, good luck! Will be interesting to see how this plays out  :)

Day 1

Well the bot has been working now for almost 24hrs and generated a 1.67% return.
It encountered a few problems which resulted in downtime. First of all the exchange rebooted and the bot didn't restart when the exchange came back online. Will look in that over the weekend. Furthermore I needed to adjust some logic to deal with partial filled orders and introduced a bug by doing so which resulted in some additional down-time.

I semi-manually did an arbitration trade to acquire the necessary BTC so that the bot can trade both ways right way and didn't have to wait for itself to acquire enough BTC.

https://i.imgur.com/9j1rpGI.png

https://i.imgur.com/FNaWbhV.png

im in at 25xpm

Hi Monkeynuts,

At the moment I am not accepting funds anymore because I am testing if the fund is performing with larger sums as well.
When everything goes well I will open up for more funding in 13 days.

Hoping all goes well with the test, if everything does work out I'll be looking to get a 25xpm stake in the next round.

Do you have a mailing list that i could sign up to? (My memory is so bad in 13 days ill have forgotten where the post was to get details :-)) would be great if you could send out an email when the next round is about to open :-)

All the best

Stuart

Hi Stuart,

Thanks for your interest in the fund. I will put you on the list and contact you when I open the next round.

Cheers
Marple

as somebody with a terrible memory would you please add me to the list for the next round also ?

ill try and remember too but your help would be most kind.

cheers

Of course I will, you are already on it. :)

Hello,

I completely missed this thread :) Can you put me on the list for next time.

Done

Put me on the list man for next round! You can find me also in McxNow chat often..

Thanks!  ;)

Done :)

Day 2:
Also day 2 has been profitable as the bot made a return of 2.22%. Yesterday evening there were talks on mcxNOW on how to attack the bot. The chat was funny to read and although they outsmarted the bot in a way they couldn't do much harm as the bot is resilient enough to handle these kind of attacks. It merely costs some profitability. Nevertheless I added some more security to prevent exploiting.
As I was adding to the the bot anyway I started to implement other exchanges, but got stuck on signing the api calls using c#. I will look in to this further today, but if anybody has done this before I would be very pleased with some help.

https://i.imgur.com/YroWMFG.png

https://i.imgur.com/qUOtzeW.png

This is all great news Marp! What's the plan after the two weeks is up (assuming a positive result)? Are you going to repeat with larger amounts, take a cut, or sell the bot etc? Is it possible to expand the bot to other currencies and/or benchmark against BTC? On the latter, it occurred to me that accumulating XPM in a declining market (vs BTC) isn't necessarily a positive thing...

After the test period is over I will open up another round of investing more funds and see how it goes. Currently I am concentrating on expanding into other exchanges and I might add other coins, although there needs to be some liquidity in the market and also not to much. XPM is actually quite perfect.
When the market is turning it actually a great idea to have acquired XPM cheap.

Day 3:
On day the bot made a very tiny loss. I found the problem with the API I was developing so am finishing that.

https://i.imgur.com/QbMiJFG.png

https://i.imgur.com/zUL6M5L.png

Day 4:
Here are the results of day 4.

https://i.imgur.com/3Kls289.png

https://i.imgur.com/H2cKa4x.png

i've got a robot for you , its called :


buy low sell high.

don't use your own money .

its worked for a lot of people.

Day 7

Today was a black day for the bot. It was nicely set-up with BTC to start buying with an eventual pump. The pump came but not the buying :( The exchange chose to do a reset and that caused my bot to crash. I thought I had solved that bug, but since it i snot an easy bug to test, I missed an exception catcher which caused the crash.
So now the bot has BTC which has to be valuated at a higher XPM price hence a big loss.

https://i.imgur.com/ZKMlEhE.png

https://i.imgur.com/14HIvcA.png

Well that was unlucky, but keep on with it looks to be very promising.

don't sweat it marp, that's what the test period is for and why we're only using a small investment!

As long as you know what the problem was and you are able to correct it everything is fine. I´m sure the bot will get the loss back

Day 8
Bot is still not recovering from the surplus in BTC it has which is still pressing heavily on the results.
To put injury to insult I then made an mistake as instead of selling BTC at 0.0045 I typed 0.045 and
acquired the XPM at 0.0047. It is really a shame that this is happening just at the time that XPM is gaining ground.
Also overnight I stopped the bot because I am afraid that MCX is going to update when I am asleep and because of the
update the bot goes rogue when I am not around to babysit.

https://i.imgur.com/6Ani6er.png

https://i.imgur.com/SgETDbk.png

That was a bit unfortunate, but its fun none the less.

I hope you will keep on with this even if it makes a loss in the 14 day period.

Day 9

From today on I will share a little more information in my daily update. I have added columns to show the BTC value of the fund.
I figured that this is valuable information as when the fund value in XPM stays the same but XPM/BTC goes up it is not necessarily a bad thing, where as if the XPM fund value goes up but XPM/BTC goes down it is not necessarily good.

https://i.imgur.com/JL76CdI.png

https://i.imgur.com/oLnUSjq.png

If the point of the fund is to trade and increase XPM, then the value it BTC is no more relevant that the value in LTC, Dollars or Euros.
Can't help thinking you have only added that line because it looks better than the actual results?

Cannot help thinking that you didn't look long enough at the figures and the graph murraypaul, because if you had you would have seen that the result in BTC is much worse than the result in XPM.

Day 10

Slowly gaining ground again.

https://i.imgur.com/vJLN8Mh.png

https://i.imgur.com/7sKQgf2.png

Day 11

Changed the algo a little to prevent that the bot accumulates XPM in downturns and BTC in upturns. This means however that I need to trade bigger to reach profit targets. Furthermore it is still switched off overnight to prevent unwanted events in case mcxNOW updates without notice.

Finished the cryptsy bot and now running it in Alpha test, hope to deploy in the coming funding round.

https://i.imgur.com/B5xOZ5e.png

https://i.imgur.com/j7btLlR.png

I'm not sure what you mean by this. Isn't this the same as "buy low, sell high"? Why wouldn't you want to do that and what would you be doing instead?

Sorry if I'm being dense. I just don't really understand what you're saying here.

The problem is it does it too fast, so that it runs out of funds too fast to really profit from the swings.

While I'm perfectly OK with the two bad days, which were not the bot`s fault, I'm wondering why the bot now does only get very very small profit?

Day 12

The reason we had some only small profits the last couple of days had a few reasons:

• Traded with small amounts to see how new algo performed
• Due to the weekend there was not that much trading going on
• Switched bot off during the night to avoid problems with update of exchange

No that I am trading full speed again you immediately see profits return to "normal". Let's hope it stays like this.

https://i.imgur.com/i86qGd6.png

https://i.imgur.com/OnfhjC3.png

Day 13

On the last but one day we almost made up for the losses and when we have another day then the last two we will end b/e.
This is of course a little bit disappointing but keeping in mind that it was a test I think there is enough reason to continue with the second round.
I will PM all investors later today when I am back home and ask what they want to do with their deposits. I will also make a new post for the second funding.

https://i.imgur.com/yN2OyQL.png

https://i.imgur.com/ojmiAv2.png

Day 14

Well, the first test round has come to an end and fortunately the period was concluded with a profit of 2.78%.

This means that for every 25XPM invested 25.695 will be returned if you have not opted to roll the investment over in to the next period.

The announcement for the next period can be found here: https://bitcointalk.org/index.php?topic=292515.msg3131216#msg3131216

https://i.imgur.com/SIXjZbU.png

https://i.imgur.com/YKtQME5.png