Bitcoin Forum

Hi Folks,

After a period of 14 days testing with changing results I am opening up the crypto bot for a second round of testing. I am aiming on getting 5000 XPM in the fund and see how it is reacting to even bigger trading.

I learned a lot about the bot in the last 14 days, could eliminate a few bugs and tweak the algorithm so that I managed to break even (I hope it stay like that on the last day) after a major blow.

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 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.

This round I will take 15% management over the profits of the bot.

These are the latest results (September 12 11:15am GMT):
https://i.imgur.com/SIXjZbU.png

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

Why should you invest?

• A big return a day is not bad at all.
• 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 open the bot to the general public. As investor in the second round you will never be charged more than 15% 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.

End of second trial period

Lessons learned:

• The strategy works as that it makes a profit in the alt coin traded
• The strategy doesn't work great in declining markets, when compared to BTC
• Although the banter with the investors is a great thing, you should not get influence by them

Going forward:

Currently the bot is stopped and all the funds assets are in BTC. I am testing some new strategies for a different bot, but not using the fund for this.
Updates on this testing will be posted on this forum, but probably not on a daily basis. In the mean time I am trading my own funds manually.

If you want your investment back please let me know. As all funds are in BTC I would prefer to pay back in BTC to avoid exchange fees and price movements. I can pay back using a BTC address or user 2 user transfer on mcxNOW.

You can also leave your investment in the fund and I will start trading them manually together with my private coins.

When I don't hear from an investor the funds will be parked in BTC and left alone.

Currently one share is worth: 0.06069393 BTC



Day 14

Share price XPM: 26.951124 -7.24%
Overall profit (XPM): +7.8%

Share price BTC: 0.0606939 1.7%
Overall profit (BTC): -16.28%


https://i.imgur.com/khuC6Z2.png

Day 13

Share price XPM: 29.05465 -4.00%
Overall profit (XPM): +16.22%

Share price BTC: 0.00596785 -0.31%
Overall profit (BTC): -17.68%


https://i.imgur.com/kC3hZ4h.png
Day 12

Share price XPM: 30.266026 -4.89%
Overall profit (XPM): +21.06%

Share price BTC: 0.0598662 -0.04%
Overall profit (BTC): -17.43%


https://i.imgur.com/45RcwZt.png

Day 11

That was quite a blow tonight (GMT) in the price of XPM. Since the start of the second round of the bot XPM/BTC lost 35.10% of its value. The shares when measured in BTC only lost 17.39% of their value. Looking from it that way one could argue that the bot is doing a good job. On the other hand just having dumped XPM and not trade it at all would have been the best thing to do.

I am now almost completely out of XPM, so expect a drop in share price (XPM) when XPM would magically recover.

Price per share XPM: 31.821809 XPM + 19.26%
Overall profit (XPM): +27.29%

Price per share BTC: 0.0598886 -6.87%
Overall profit (BTC): -17.39%


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

Day 10

A friend from Spain came over and we decided to go to the seaside to enjoy the lovely weather. Because everything was arranged short notice I didn't have the time to update this thread. Sorry for that.

We didn't have much trading over the weekend and XPM just took another hit. This resulted in the share price expressed in BTC to go down almost 3% over the weekend and I started to divest in XPM. I had hopes that XPM could manifest itself next to BTC and LTC, but it seems that it cannot. It is yet another mine and dump and I can't see it recover in the short term. Also the volume on BTC-e has dropped significantly which also makes it harder to trade. So I now mainly focus on trading LTC/XPM


Share price XPM: 26.682756 +0.88%
Overall profit (XPM): 6.73%

Share price BTC: 0.0643054 -1%
Overall profit (BTC): -11.3%

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

Day 8

Share price XPM: 26.062389 +0.23%
Overall profit (XPM): 4.25%

Share price BTC: 0.0664852 +0.2%
Overall profit (BTC): -8.3%

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

Day 7

It seems that the alterations made in the fund are making it to grow in BTC value as well. To accomplish this I have lowered the size of each trade, trade a fix number of alt coin rather than a fixed number of BTC and I diversified into LTC as discussed earlier in this thread. Also the current stability in XPM hovering between 0.0025 ~ 0.0026 has helped of course.

Price per share XPM: 26.002255 +1.91%
Overall profit (XPM) 4.01%

Price per share BTC: 0.0663497 +1.82%
Overall profit (BTC): -8.48%


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


Day 6

Price per share XPM: 25.513772 -0.05%
Overall profit (XPM): +2.06%

Price per share BTC: 0.0651622 +2.1%
Overall profit (BTC): -10.12%


https://i.imgur.com/9UHI6hm.png

Day 5

Due to an update of the exchange the bot was of during a large part of my night.

Price per share XPM: 25.526516 -0.3%
Overall profit (XPM): 2.11%

Price per share BTC: 0.0638217
Overall profit (BTC): -11.97%


https://i.imgur.com/fNMcJ94.png

Day 4

EDIT: Corrected error in share value

Quite a profitable day for the bot. I am going to cut down on trading size though because I want to see if the bot can be profitable in BTC as well, which should make sens in the ever declining XPM market.
So expect some less profitable days to come, especially in XPM. The reason I am cutting down is that the bot runs out of funds on one side (BTC or XPM) quite easily and that is preventing it form being profitable in BTC, at least that is what I suspect.

Share price XPM: 25.603296 +2.8%
Overall profit (XPM): 2.41%

Share price BTC: 0.0655444 +4.02%
Overall profit (BTC): -9.59%

https://i.imgur.com/mfVMbo3.png

Day 3

Share Price: 24.905402XPM  +0.84%

Overall change since start: -0.38%

https://i.imgur.com/wkUgA3G.png

Day 2

Share Price: 24.698675 +0.75%

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

There are still a few positions open. So don't miss out on this great opportunity.

Is it possible for your bot to act independently on behalf of each investor, ie they give you the API key to their account? Although this would complicate things somewhat at your end, having to place (say) 50 orders each time instead of 1, it may help increase trust levels.

Interesting thought. At the moment this is not possible yet, because the bot is not programmed to handle multiple accounts and running a bot for each account is not possible because of the algorithm.
Moreover it doesn't increase trust level, because having the api keys I could still transfer money out of your account or trade against my own account and take your money that way.

Depends on the exchange, some will let you configure remote API access for each individual function such as get balance, place order, withdraw etc.

I can see one problem from your end - how do you get paid when all you can do is trade on someone else's account? :)

'm interested just need to see how fast i can get those 25 xpm together :)

id like in on this please,

where do i send my 25 xpm ?

PM send. (First one I sent yesterday went to the wrong one I suppose :) )

must have, as its not arrived in my inbox :)

i got the pm with the payment address and when im home from work this evening ill send on the XPM


kind regards

monkey

I would like in as well please

Will you be sharing where you are with respect to the 5k goal and how it's dispersed among investors like you did last time (of course I wouldn't expect you to divulge their identities). I'm curious, that's all. :)

Almost 2500 XPM

Will publish a full anonymised list tomorrow.

BTW Guys and Galls (if any),

I will start the bot tomorrow 13/9 1200gmt because I had some personal things to deal with.

Hope that Friday the 13th is a sign of good luck :)

The bot has been started and is buzzing its way into profit (I hope).

I decided to, instead of publishing the total fund size, publish the price per share. Initially the price per share will be 25XPM and I will PM all investors how many shares they hold today or tomorrow.
Every day the new price per share will be published. Doing it this way allows me to accept new investors better, as they just have to pay the PPS to enter.

Furthermore I will start trading other alt coins traded on mcxNOW probably as of monday. Liquidity there has increased significantly and I think diversifying might add to profitability. Let me know if you have objections and we can discuss.

While I acknowledge that it won't have the benefit of its own influence, the addition of other currencies should come after some period of testing. Or are you saying that the bot itself trades across currencies? Like will the xpm instance be separate from the litecoin instance; or will it simply be one fund with the bot trading back and forth between all of them?

I'm in if there's still room. PM me.

Interested!!


PM me

pm

Day 1

They found a way to exploit the bot. Fortunately the bot noticed and shutdown and there was only a small loss.
At the moment I am implementing a patch and since I consider it more important to get bot up and running again I only post this small report.

Initial share price: 25XPM
Current share price: 24.51544

is there still room for investment ?

By now everybody should have received a PM, confirming the number of shares you have in the fund.

The bot is also up and running again, trading small amounts overnight for testing. Hope to be fully up to speed again by tomorrow.

I'm in if you are still looking for investors.

good luck everyone

Day 2

Share Price: 24.698675 +0.75%

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

Day 3

Share Price: 24.905402XPM  +0.84%

Overall change since start: -0.38%

https://i.imgur.com/wkUgA3G.png

I like the old charts... why the change?

By thinking in shares I am able to add people in running. In the end it is the same.

What did you specifically like in the old charts, may be I am able to add it in the reporting here.

So it is already possible to go in and/or out on a daily (?) basis? Or do you plan that for the future?

I agree, that it doesn't matter weather the chart show the total amount or the price of one share. But I think it is important to provide a (anonymous) list of the shareholders at least once per round or once per two weeks. This would increase transperency and the trust in your fund.

Day 4

EDIT: Corrected error in share value

Quite a profitable day for the bot. I am going to cut down on trading size though because I want to see if the bot can be profitable in BTC as well, which should make sens in the ever declining XPM market.
So expect some less profitable days to come, especially in XPM. The reason I am cutting down is that the bot runs out of funds on one side (BTC or XPM) quite easily and that is preventing it form being profitable in BTC, at least that is what I suspect.

Share price XPM: 25.603296 +2.8%
Overall profit (XPM): 2.41%

Share price BTC: 0.0655444 +4.02%
Overall profit (BTC): -9.59%

https://i.imgur.com/mfVMbo3.png

Overview:

Total fund value in XPM: 4126.1836577568

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

Due to an update on mcxNOW earlier this morning (GMT) the bot is stopped awaiting an update from my side.

Bot is up and running again

And stopped

And running again

Day 5:

Price per share XPM: 25.526516 -0.3%
Overall profit (XPM): 2.11%

Price per share BTC: 0.0638217
Overall profit (BTC): -11.97%


https://i.imgur.com/fNMcJ94.png

Day 6

Price per share XPM: 25.513772 -0.05%
Overall profit (XPM): +2.06%

Price per share BTC: 0.0651622 +2.1%
Overall profit (BTC): -10.12%


https://i.imgur.com/9UHI6hm.png

"They"  ???

I don't know who did it, but the leak is plumbed. :)

I think you mean plugged. Plumbed would suggest flow is diverted elsewhere.

Yes prolly :) So a plumber doesn't plumb leaks? :P

Day 7

It seems that the alterations made in the fund are making it to grow in BTC value as well. To accomplish this I have lowered the size of each trade, trade a fix number of alt coin rather than a fixed number of BTC and I diversified into LTC as discussed earlier in this thread. Also the current stability in XPM hovering between 0.0025 ~ 0.0026 has helped of course.

Price per share XPM: 26.002255 +1.91%
Overall profit (XPM) 4.01%

Price per share BTC: 0.0663497 +1.82%
Overall profit (BTC): -8.48%


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

Hey marp, this is great news for the fund!!  Do you need/want any more coins or are you closing now until this round is over?

Day 8

Share price XPM: 26.062389 +0.23%
Overall profit (XPM): 4.25%

Share price BTC: 0.0664852 +0.2%
Overall profit (BTC): -8.3%

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

what happen to 9-10.  everything alright?

I´m wondering about that, too.


So, what's up?

Everything is fine, just wanted to see if you guys check the page :)

Update will be there in a sec.

Day 10

A friend from Spain came over and we decided to go to the seaside to enjoy the lovely weather. Because everything was arranged short notice I didn't have the time to update this thread. Sorry for that.

We didn't have much trading over the weekend and XPM just took another hit. This resulted in the share price expressed in BTC to go down almost 3% over the weekend and I started to divest in XPM. I had hopes that XPM could manifest itself next to BTC and LTC, but it seems that it cannot. It is yet another mine and dump and I can't see it recover in the short term. Also the volume on BTC-e has dropped significantly which also makes it harder to trade. So I now mainly focus on trading LTC/XPM


Share price XPM: 26.682756 +0.88%
Overall profit (XPM): 6.73%

Share price BTC: 0.0643054 -1%
Overall profit (BTC): -11.3%

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

Day 11

That was quite a blow tonight (GMT) in the price of XPM. Since the start of the second round of the bot XPM/BTC lost 35.10% of its value. The shares when measured in BTC only lost 17.39% of their value. Looking from it that way one could argue that the bot is doing a good job. On the other hand just having dumped XPM and not trade it at all would have been the best thing to do.

I am now almost completely out of XPM, so expect a drop in share price (XPM) when XPM would magically recover.

Price per share XPM: 31.821809 XPM + 19.26%
Overall profit (XPM): +27.29%

Price per share BTC: 0.0598886 -6.87%
Overall profit (BTC): -17.39%



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

Day 12

Share price XPM: 30.266026 -4.89%
Overall profit (XPM): +21.06%

Share price BTC: 0.0598662 -0.04%
Overall profit (BTC): -17.43%


https://i.imgur.com/45RcwZt.png

Day 13

Share price XPM: 29.05465 -4.00%
Overall profit (XPM): +16.22%

Share price BTC: 0.00596785 -0.31%
Overall profit (BTC): -17.68%


https://i.imgur.com/kC3hZ4h.png

Day 14

Share price XPM: 26.951124 -7.24%
Overall profit (XPM): +7.8%

Share price BTC: 0.0606939 1.7%
Overall profit (BTC): -16.28%


https://i.imgur.com/khuC6Z2.png

End of second trial period

Lessons learned:

• The strategy works as that it makes a profit in the alt coin traded
• The strategy doesn't work great in declining markets, when compared to BTC
• Although the banter with the investors is a great thing, you should not get influence by them

Going forward:

Currently the bot is stopped and all the funds assets are in BTC. I am testing some new strategies for a different bot, but not using the fund for this.
Updates on this testing will be posted on this forum, but probably not on a daily basis. In the mean time I am trading my own funds manually.

If you want your investment back please let me know. As all funds are in BTC I would prefer to pay back in BTC to avoid exchange fees and price movements. I can pay back using a BTC address or user 2 user transfer on mcxNOW.

You can also leave your investment in the fund and I will start trading them manually together with my private coins.

When I don't hear from an investor the funds will be parked in BTC and left alone.

Currently one share is worth: 0.06069393 BTC

It was surprising how it went down in the last few days. I thought volatility will help the bot.

It has been fun following this bot.

Volatility does help the bot. The down curve on XPM the last two days was because I stopped trading XPM and divested. I shouldn't have, but was disappointed in XPM. I know that these sentiments normally arise at the bottom and therefor the decision to divest was wrong. But with hindsight decisions are always better to make :).

Hi folks,

I am currently busy adding some new logic to the bot, but as always things move slower than expected. So I need a couple of days more before I feel confident that the bot will work.

Will keep you posted.

Cheers,
Marple

How are you doing? Have you trade, or are you still in BTC?

I hope you have been trading, otherwise XPM wise there will be a huge loss.

I haven't been trading XPM so the rise in XPM has been missed completely, unfortunately.

Current value of a share is 0.06119815BTC +2.55%
Last reported price was  0.0596785BTC


BTW: This is in manual trade mode

Almost 15 XPM per share then.

Are you planning to start trading XPM again?

When I see an opportunity yes, but I still think it is a coin that is mainly dumped.

I meant will you be doing any kind of daily trading, XPM or something else? I liked the daily updates.
Do you still have enough funds for your bot or has investors withdrawn?

Yes I am trading frequently, not every day but almost. Not during the weekends though.

20% of the shares have left after round 2.


Will try to give you guys some more frequent updates.

Thanks

Currently the shares are worth 0.062116213BTC +1.05% since Friday

Total since end of 2nd round   +4.08%

Nice. Is this in XPM or corrected for the increase in price of XPM?

Thanks for the update.

This is the liquidation value in BTC. But at the moment the fund is completely invested in BTC.

Hindsight is so wonderful.

Thanks for the update.

Current value of a share is: 0.06253083BTC +0.67% since last Monday

Total since end of 2nd round   +4.78%

Has round 3 started yet and I just can't find the thread?

No round three hasn't started yet, because the bot is getting more complex and this will take time.
But because I am trading my own funds manually anyway, I am also trading the fund manually and am using this thread to keep you updated.

So you could say this is round 2' :)

Current value of a share is: 0.06280823BTC +0.44% since last Wednesday

Total since end of 2nd round   +5.24%

Nice.

Good to hear that you are developing the bot further!

Sry bro I just had my internet down for the past 8-9 days trying to play catch up... and on a shitty old laptop rather than my main desktop :(

You really notice a difference when you go back to a first gen core2duo vs the 3770k HAHA!!!

Arrrgh, I am stuck in alts :(

BTC seems to be throwing a temper tantrum today!

So any sort of update on this?  Hopefully all is well?  :p

I was thinking the exact same thing yesterday.

Same here...

Not very good new as already told you on Saturday.

Current value of a share is: 0.043212335BTC -27.27% since last Friday

Total since end of 2nd round   -23.45%

Stuck in BTC when XPM was rising and stuck in alts when BTC is rising. Murphy's law in full effect here ;D

No worries bro!  It's been down and climbed it's way out before... Hopefully we get to see this again?

Any more news?

Current value of a share is: 0.046910569BTC +2.69% since last Friday

Total since end of 2nd round   -21.39%

Maybe in several weeks we could receive a nice Christmas present? lol

Invested in mcxFEE, thought they would bottom but they didn't. At least it is generating precious BTC :)

Current value of a share is: 0.03850832BTC -17.91% since last Friday

Total since end of 2nd round   -35.47%

Still a bit in mcxFEE. Not selling as I think they will go up eventually.

Current value of a share is: 0.036089798BTC -6.28% since last post.

Total since end of 2nd round   -39.53%

Interested

Please  PM me

I think it'll go back up too. It's pretty obvious from every previous swing that fees and other alts are used as hedging mechanisms and move opposite to the swings in btc. Once btc swings down significantly, I'm pretty sure fees will go back up. It's interest earning savings when btc aren't working during movements.

My 0.02. I request you don't sell the fees at a loss right now.

Current value of a share is: 0.030810711BTC -14.63% since last post.

Total since end of 2nd round   -48.37%

Hoping for good news now with XPM booming.

Well fuck me. I definitely wasn't expecting the shutdown. =\

Did I miss something?

XPM is doing really well how is the fund doing?

Marple has not logged in for sometime.

He's not dead. I've been in contact with him and he's still manually trading at the moment. I don't know the value currently but he hasn't run off.

Any news how good is he doing trading? It has been very profitable.

:)   Good to hear!

No idea, actually, and even if I did know that's a metric I would leave to him to publicize. He told me something a little over a week ago but I was out with my family in a busy area and distracted and didn't take the note so I don't remember for certain. I know this sounds odd but for me this was a walk-away-and-check-back-in-a-couple-months investment.

Make us happy with some good news.

Hi Guys,

Sorry for not letting you know for such a long time. But with the year coming to an end it is very busy with my 'normal' business and I have been on several business trips.
It is also not good news that I bear.

As I told in a post a while ago I was heavily invested in MCS shares and as you might MCX shut down it business and the share collapsed.

This resulted in the fact that we are down almost 40% since last report.

It is also worth nothing that I am currently 50% BTC and 50% cash, because I think BTC will see much lower b4 the way up is found again.


Current value of a share is: 0.015627066BTC

Total since end of 2nd round   -73.81%

Wow that's pretty bad performance marp :)

Not sure why you chose to sell the MCX at a loss though, they were always going to rebound to at least 0.2 when the panic was over.  Oh well done deal now.

It would be good to know your short term strategy for the fund while manually trading.  For me I thought this fund was about testing the bot and seeing what it could do, so I'm not altogether comfortable with having the funds manually traded without knowing some kind of plan.  That being said, having endured  ~75% loss since all this started, the remaining amount I have in the fund is starting to become insignificant now so you may as well trade it however you want.

Feeling the same here. With a 75% loss I will just stick to it and see if he can recover anything.

I am not happy with that either.


Are you seriously saying that I should have just let the funds on a site with an unpredictable owner, that does as he pleases? Pretty easy with 2020 hindsight ;)

In all honesty no.  After I posted that I remembered that I sold all of my MCX at 0.1 (thankfully at no loss though) for the exact same reason :).  I thought that there was a good chance they would rebound, but even if they do I don't want my money on that exchange any more.  I can't believe people still want to use mcxnow after the bullshit that RS has performed, but that's another story!

Back on topic, marp we all put money into this knowing that it was a risk, so I'm not too bothered that it has lost so much %.  In USD it's probably not that bad with the BTC rise :)  Knowing your other project that you have on the go, do you have an ETA when the bot will be back up and trading?

Hard to say with the holidays coming up. Somewhere end Jan hopefully.

Hi Guys,

Some better news this time.

Current value of a share is: 0.020773118BTC a change of +32.93% since last time

Total since end of 2nd round   -65.19%


I will be unavailable till January 19th, 2014 and will not post any updates during this time.

Wishing you all a happy X-Mas and a marvelous profitable 2014!

Any news? I hope you have been trading again.

Yes picked up trading again and made a profit of 8.04% since last reporting date.

Total since end of round 2: -62.39%

Share value is now: 0.022443319

Good profit :)

I am sorry that I need to tell you guys that all the BTC is/was on MtGox. So I hope it can be recouped, but I fear the worst.

I´m so glad, I got out here after the XPM CryptoBot Investment Fund was neither traded by a bot nor trading XPM.

Marp are you serious?? FFS man, you didn't think to mention that when they halted withdrawals?? You could have still got some out via bitcoin builder or at least consulted us! Can you pm me what mine was worth?

Quite surprising, yes - especially as there's no reason at all to trade at MtGox rather than elsewhere.

What was a share worth in the end?

And then they would have gone belly up, same difference.

The shares are currently worth 0.024009132 BTC

AGREED OMFG!!!  I just want my 250 xpm back.  Could care less about the bitcoin! Would have been better off sending our funds to cryptsy than gox cmon bro WTF?!?!?!?!?!?!   

Also I've pm'd you couple time over the past couple months with no response.  I've held my head up trying to not think the worst but this kinda kills it.

So if you ever get our err 'your' btc from gox you gonna open this again? or should we just forget about it at this point? lol  Assuming everbody has already....

If MtGox opens again, I will pay-out everybody and close the fund.