Did I get right it require Chrome? won't work with other services?
Hey  , Butter-Bot requires Chrome to be open to work; you can do this cheaply by running it on a VPS or a Raspberry Pi. On the other hand, the new flagship we are developing will run on the cloud through a web interface and will not require you to run anything on your end. I hope that helps, please let me know if you need anything at all . Pablo. |
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I started this last night and am still tinkering with it. I deposited 1.14 BTC and no cash into my BTC-e account. When I hold my mouse over the icon in the top right it is showing my correct BTC balance. That tells me that I am configured. No trades have been executed thus far. However when I click that icon and get my pop-up there is a message across the top as follows: "There was an internal brain error. Please contact us about that problem." So here I am contacting you What's up with that?  Hi Coinits , Hmm this is a weird error you are getting; can you please do me a favour and email me the logs requested below? Two other people have come forward with this same error to me via email but it resolved before I could get their logs; we will track it down and resolve it ASAP; I apologize in advance for the inconvenience. 1. Go into the "manage extensions" page. 2. Enable "developer" mode by checking the "developer" box in the upper tool bar. 3. Go to the extension and click on the "generated_background_page.html" link. 4. When the new window opens, choose the "console tab" 5. Copy and paste the info there to pastebin.com as close to the time of your issue as possible and send it to me. And: 1. In the developer tools open the network tab. 2. If it's empty, press F5 to reload the extension and wait a few minutes until there are some requests listed. 3 Then right-click the list in the left pane and select "Save as HAR with content". Please scan the file and remove your API Key from the text and send it to us. This will help us resolve your issue much more quickly. Pablo. |
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Guys,
Still looking for ideas and features you guys think would make a cool and profitable hosted bot. We are already in pre-alpha testing and this is the time to get all that stuff you guys have been wanting in Butter-Bot into the new Butter-Cream solution. Please post any suggestions you may have, we hope to get this service out to everyone ASAP.
Pablo.
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Wow, people really using these fancy and simple bots?
Hey , I was halfway into a reply when I realized Gomboo said it best: (Quoted from Gomboo's Thread: https://bitcointalk.org/index.php?topic=60501.0) "One of the simplest trading systems is known as the Turtle Trading System. In the system, you basically buy if the price is higher than the past 20 periods or sell when the price is lower than 20 periods. This system generated millions for the participants and followers of it. One of the "Market Wizards" did a test in which he hired a group of random people and taught them to trade the simple system - the majority of them made several million dollars in the following years. If you would like to learn more about the Turtle Trading System, the complete rules can be found here: http://bigpicture.typepad.com/comments/files/turtlerules.pdfAlso, here is an image of the historic performance of this system for the past 41 years.  This was found in this thread: http://www.tradingblox.com/forum/viewtopic.php?t=7379Also, the great book on the Market Wizards - or some of the best traders ever: http://www.amazon.com/Market-Wizards-Interviews-Top-Traders/dp/1592802974/ref=sr_1_1?ie=UTF8&qid=1327115564&sr=8-1" (/End Quote) You see, trading is mathematics and in mathematics the most elegant solutions tend to be the simplest ones. The trading methods we offer, will offer, and that are discussed here are proven and taken from real world applications. There is no need to re-invent the wheel; that being said, we don't believe we have all the answers and "Butter-Cream" will let customers do their own thing so the next gen systems we are discussing will allow you to do just that, use a multitude of indicators to create as simple or complex a set of algorithms as you wish; but if I had to put my money somewhere I would wager that the more elegant algorithms customers will come up with will win out against the overly-complex ones. I hope that helps . Pablo. |
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In the next gen bot you will be able to CREATE your own strategies with a very simple to use interface using our indicators, I am not familiar with the FIBB strategy itself but since it looks dependant on the Bollinger Bands indicator there should not be an issue with you being able to create the neccesary strategy and use it for trading. I hope that helps :=). Pablo. |
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I just want to make a comment in regards to everyone who says that EMA does not work anymore: EMA does work... when the market is in an uptrend. It's really quite simple. When the market tops out and turns downward, you should consider turning off the bot until it bottoms and turns upward again. When a market is in an upward trend, EMA picks up the majority of the moves and exits when the market turns downward. It is very effective in uptrends. When markets are in downtrends, EMA initiates buy orders on the brief corrections (crossovers), but then exits when the market continues the downward trend. That's why EMA has losing trades in downtrends. To find the present general trend, use a 12 Hour or 1 Day chart to see if the market is truly in an uptrend, downtrend, or sideways consolidation phase. With the right settings, this bot can make 3500% or more per year on Bitstamp or BTC-e. That performance is actually leaving the bot on for the past year and not turning it off during the 2 major downtrends that took place. If you had shut off the bot during those downtrends, the bot would have made 5500% in a year. Of course, you need to use the correct settings to get that kind of performance.  Since December 5th, the market has been in a downtrend and at times sideways consolidation. This is a common historic pattern for BTC. We rally to all time highs, crash/panic sell to half the value or more, then move downward/sideways for 2-4 months before the next big rally. EMA is perfect when we are in a rally/uptrend. Just be patient and make sure that the trend is truly moving upwards. For instance, it looks like we could be entering into an uptrend right now. If the price extends above 700 and holds, we should see a nice uptrend through the middle to end of April. I used to trade forex professionally for 10+ years and have been trading BTC for the one year so far. Butterbot is the best BTC trading bot I have found and you won't find a product with better customer support. Pablo is the best and he is always working to improve his product. Hi Knight , Thank you for your kind comments. We really do feel we have a good product out there and we are working hard to improve upon Butter-Bot with our next generation trader "Butter-Cream". EMA is a successful strategy when used appropriately and we have legions of happy traders, I sincerely hope that those of you who have reservations on it will find success with the myriad of strategies and indicators we will introduce with Butter-Cream in the coming months. In the meantime, I am here to help anyone who needs it on a one on one basis to help you get set up and reach profitability as quickly as possible. Pablo. |
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Hi Guys , I'm really sorry I have been a bit absent from the thread the past couple of weeks; been so involved in developing Butter-Cream that I got caught up, I'm sorry about that and from today on you can all expect same day answers from me again . I want to catch everyone up: 1. We released Litecoin Live last week (albeit without much fanfare), I hope you guys are enjoying it and finding it profitable . Butter-Cream is coming along great and we are running a pre-alpha version: 1. Multiple indicators requested run great; we have found Bollinger Band trading very useful the past couple of weeks . 2. Our method for allowing customers to create their own strategies and manipulate indicators easily and intuitively is working perfectly. 3. Graphs and other interface systems work great. I think we may be able to show you guys an open beta in 6-8 weeks. Again, let me apologize for my short absence, please let me know if anyone needs anything . Pablo. |
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Just placed an order last night, waiting on the payment address (:
Pretty excited to see how this works out.
Hi Dev , We were having some connectivity issues and I am just now catching up with orders, please expect your pricing within 24 hours and please accept my apologies for the delay . Pablo. |
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Hi there im new to BB, still not a member but have a free licence key.
now my questions, i cant see any charts and the bot isnt functioning?
I put in my api + secret word, but the bot isnt working.
is this because i first have to become a full membership?
sincerly,
me
HI Michael , No, the demo is fully functional. Why do you think Butter is not working, is it because you have not seen a trade yet? EMA (the bot's algorithm) is a trend seeking algorithm, that means that the bot seeks to get in/out of up/down trends as quickly as possible; thus the bot will only trade when the market reverses itself. BTC has been collapsing for the past few days and thus the bot is holding a "sell" command, therefore you would not expect to have seen a trade yet. When the market reverses itself you will see a trade and the bot will sell your BTC for Fiat. This is not a High Frequency Trader (HFT). With EMA, the fewer trades you see, the better, because it means that trends are manifesting themselves and making you money. Many trades in a short period of time could mean the bot has been triggered by a false signal and could end up costing you fees. I hope that answers your questions, please do not hesitate to let me know if you need anything at all . Pablo. I just reread your question: The issue with the charts is likely a problem with your demo key not being entered properly: please double check that punctuation was not included in the key by mistake or that it is not missing a character. Your API keys also need to have the necessary permissions; feel free to drop me an email, I will be happy to help you one on one . Pablo. |
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Any chance of a version not requiring Chrome?
Hi , Yep, our next gen bot "Butter-Cream" will run from our servers through a web interface, nothing is needed on the clients end. I hope that helps, please let me know if you need anything at all . Pablo. |
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Hi there im new to BB, still not a member but have a free licence key.
now my questions, i cant see any charts and the bot isnt functioning?
I put in my api + secret word, but the bot isnt working.
is this because i first have to become a full membership?
sincerly,
me
HI Michael , No, the demo is fully functional. Why do you think Butter is not working, is it because you have not seen a trade yet? EMA (the bot's algorithm) is a trend seeking algorithm, that means that the bot seeks to get in/out of up/down trends as quickly as possible; thus the bot will only trade when the market reverses itself. BTC has been collapsing for the past few days and thus the bot is holding a "sell" command, therefore you would not expect to have seen a trade yet. When the market reverses itself you will see a trade and the bot will sell your BTC for Fiat. This is not a High Frequency Trader (HFT). With EMA, the fewer trades you see, the better, because it means that trends are manifesting themselves and making you money. Many trades in a short period of time could mean the bot has been triggered by a false signal and could end up costing you fees. I hope that answers your questions, please do not hesitate to let me know if you need anything at all . Pablo. |
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***************************
Gox Removal
***************************
Friends,
We have removed support for Mt. Gox.
Since going dark, gox has caused undue load on our servers as the bot tried to reach the gox API and was refused.
We are here to support our gox customers in anything they may need and I am personally available to answer any questions or help in any way.
Pablo.
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Can you share your road map with us? Any idea on new releases?
Sure: We plan to release LTC in the coming weeks, we have it down, we just have to test one last upgrade and we are good to go. The Butter-Cream Beta is hard to predict, but I think 6-8 weeks for Beta testing to start is a good goal. We want to release Butter-Cream as soon as we can develop it and make sure it does what it is supposed to do in the best way possible. It's just such a big leap forward that we want to push it out ASAP. In the meantime I think we will be asking for customer input in intermediate steps along the way. Please let me know if you have any follow up questions. Pablo. |
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Hey guys , Sorry I haven't gotten back to you guys earlier, I've been having some issues with my account that just got resolved. I want to say that I am backtracking completely on this idea that the new bot will be a "separate product". Well of course it is in the sense that it is an entirely different platform but we will find a good way to grandfather all active subscribers in. There is no final decision on what that will look like but rest assured that we will figure this out with the community and to everyone's satisfaction, we don't want anyone to be unhappy when the new solution rolls out . I will update everyone as soon as I can on this: but I repeat, no one will be left out. Sorry about my earlier statement, I didn't think this would be a big deal since we are really talking about a separate product, but in the end it's really my fault and I should have handled this better; given the reaction we have seen please rest assured we will work something out to everyone’s satisfaction . Let me know if anyone has any questions. Pablo. |
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Hi CC , Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point. Pablo. Okay, understood - anyway: could I interrupt my subscription for the current bot for a while without having to repurchase it "from scratch" if market conditions improve to maybe make EMA feasible again? Hi CC , Sure, no problem. Pablo. |
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I've turned the bot off at the moment - still stuck at Gox and I'm not going to let useless lossy trades ruin the profit I'll make as soon as withdrawals work again and the price instantly doubles (at least when I move to Bitstamp they will for me).
Also, I'm starting to not believe in this EMA business at all anymore since by now I'm down more than 50%, so here's a question: if I chose to not renew my license until the update with more indicators and strategies is available, would that still allow me to pay only renewal fees or would I need to repurchase the bot?
Hi CC , Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point. Pablo. |
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Friends,
I know a couple of you are using VPS's to run your Butter-Bots.. Can anyone share their experience, let us know which the best ones out there are and what issues, if any, they faced during installation?
Thank you,
Pablo.
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Great suggestions so far, please keep them coming :=).
- MACD - StockRSI - KDJ - Possibility to add more parameters to EMA, i.e. 4: EMA (2,5,15,30) As far as I am aware MACD is in. I haven't been updated about your other suggestions but we will include as many indicators as possible . Pablo. |
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Good general synopsis. However, I don't advise random EMAs. Heat-mapping is a useful technique.
I saw heat maps earlier and they confirmed my feeling that there was no way to iterate to a better set of variables - how do I produce them? Thanks Miles Maybe this could be a feature which you could offer? The ability to heat maps around variables. Obviously you'd only be able to one set of variables at a time so * heat map the short/long having chosen a set of buy/sell thresholds * heat map buy (or sell) thresholds having chosen the short/long (though a simplification could be to assume that the buy and sell would have the same values leaving us to experiment with any variations between them on back testing) * heat map tick offset (this would be a linear representation) having chosen the remaining items These heat maps would be available for either 1 week / 1 month /2 month possibly displayed at the same time or selectable OR for the user selected timeframe. Similarly I don't see the value in heat mapping the time interval as we can play with setting that before running the heat map. Given you've already got the data and back testing functionality this would be a logical thing to be offering (and for a beginner it would be a brilliant tool and value add). It would be nice to be able to dispose of the reams of paper covered by scribbles of values and results which is my current "method" of trying to find a value set that works Regards Miles Miles, Strikes me as quite an interesting idea; I will see what we can do about this in detail. Pablo. |
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Updated Starter Settings:
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
Is it the same thing for btc-e? What do you recommend for the tick ? Hey , Yes, these are starter settings for all exchanges in the current downtrend. They are designed to be more resistant to swings and require a clearer pattern to initiate a trade. About tick offset, we don't have a recommended value because that would defeat the point, just use something other than 0 and you should be good . I am here if you need any help. Pablo. |
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