Sent!  Pablo. |
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hey there, just letting you know that I haven't seen this yet.
Dresden, Im sending it manually right now, you should have it within 5 minutes. Sorry about the delay. Pablo. |
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Hey there, I just threw in my share and grabbed your setup.
It says I'm using 0.2.7. Is this the latest? And if not, would it be possible for me to get the beta as well?
Thanks!
Hi Dresden , We will be sending you a copy of the Beta shortly, please let me know if you do not receive it within an hour or two. Pablo. |
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Alright, you guys seem to have a point. I do seem to be confusing trend trading with day trading. I have set the bot to 1 hour intervals (previously 15min) and will leave it alone for a couple of days to see what it does.
Hi PuertoLibre:), Please use the following settings for your test: Buy 1:0 Buy 2:0.25 Sell 1:0 Sell 2:0.25 60 minute time window. These are Gomboo's settings, he's proven them up and down on his thread. You may need more than a few days to judge this, couple of weeks would be better. Some volatility would also be great but I'm just being nitpicky . Pablo. |
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***********************
The Bitsumo Equation:
***********************
1. Same day service and order confirmation.
+
2. Nothing but positive reviews.
=
3. Your source for one stop Bitcoin shopping!
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When will this Bot come out with a version where we can Trade Stocks on BitFunder using EMA?  ?  Now that would be interesting.. As a lot of those stocks have pretty wild up and down swings.. Hey Kuroth , There are no plans for stocks in the immediate future; it is something we would consider but first we have to pump out V2, other exchanges, altcoins, strategy modules other than EMA and then think about expanding . Please let me know if I can be of service in any way . Pablo. |
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I have been learning how the bot works by watching it make decisions. I think there is room for improvement with just a few extra features.
Is there any chance that the tables that show up showing the Time, Price, Diff could be outputted in some other form? CSV or just as a regular HTML web page that gets re-generated with ongoing measurements of diff?
The reason I ask is because the bot gives valuable information that can make it extremely trivial to make a profit at any setting. The issue is the chrome plugin seems to generate a valid web page with "all the details" but the page itself is not directly accessible.
I am a fan of automation and would very much love to get my hands on the data spit out by the B-Bot in "popup.html". I have been trading manually alongside the B-Bot in a different account and that has netted me about 10 to 15 BTC in the last two days. But the B-Bot has actually lost .3 BTC in a test account (originally with 4.5 BTC) in the same time frame.
-------------------------
The reason I ask is because I noticed that the B-Bot pays close attention to the differences between the two EMA lines to determine the crossover. Both going up and down. The shape of the curve and the steepness can be determined from simply looking at the difference values. What I haven't seen yet is any form of the bot tracking what the original entry point was. (Maybe it does, but it doesn't give any indication of what that value might be)
I assumed the "Stop Trading Loss" feature was implemented as a way to trigger some kind of percentage where the bot would execute a trade. The only problem is it does not appear to work. (I am unsure)
I place very low settings on the bot to see if it would trigger trades even with a drop of 1%+ (my stop loss setting) and it seems to follow the curve even when it drops more than 1% (in my favor).
So there seems to be a very critical feature missing from B-Bot v2 beta. It follows EMA fine but it loses plenty of trading opportunities. (as evidence on my other account where I gained nearly 15 BTC by follow the EMA lines manually)
--------------------
If I could pull out that table data as a popup.html that keeps tabs on the diff data it would be a godsend. Is there any way to pull it open in any (full featured) browser?
Hi PuertoLibre , Let me take your questions one at a time: 1. Whatever results you have seen since you got your bot a few days ago, be they profit or loss with B-Bot are likely the product of market randomness. This is the discussion we were having with Kuroth; profitability on an EMA bot, generally any kind of bot, can only be judged in longer time frames as to account for said randomness (think: "The Law of Large Numbers") and let trends emerge and the math do it's job. I am happy you have seen profit by trading crossover, but again, unless you have been doing this consistently for some time, profits there are also likely the product of market randomness, the true measure of an algorithm is it's profitability over the long term. I am not saying your strategy is bad, trading crossovers only is an established strategy, but rather that your results are not reflective of the strategy itself. This is part of the reason why professional back testing models generally go back several weeks if not months or years. I am giving your bot plenty of time to see how it does things. I have been reading through Gomboo's discussion and there are very good insights in there. (So far I am only on page 6) Today the bot lost another .2 BTC in an originally 4.5 BTC account. The current remaining values stand at 4.070 BTC remaining. In a larger account I do manual trading with I gained 1.7 BTC by doing manual trading today. This was only because I was busy with hardware upgrades and was only able to do 1 trade today. ------------------------- Side note: I have completed automating part of (65%) of my strategy as I carefully have analyzed what I actually do and have tried to make all the information come together so all the valuable information is presented to me in one place. The last component on my program is using information made available by B-Bot to assist me in making final decisions. (None of my automation routines can actually see the EMA curves directly, so that is why I am looking at B-Bot to fill in the missing piece of information.) The goal is to give my eyes a bit of rest since a machine can at first collect information in one place and make intelligent decisions without paying attention to dozens of windows. Ultimately to allow a computer to follow the same rules I use my brain for to do the trading for me. ---------------------- What I find disconcerting is that B-Bot has so far missed so many opportunities (both at 15min scales as well as 1 min scales) that it worries me. Our bot is based on Gomboo's discussion of EMA as applied to Bitcoin and all these issues are discussed there, recommended read : https://bitcointalk.org/index.php?topic=60501.02. The bot calculates 144 data points to determine EMA values. This is 144 points in whatever time frame you select, if your time frame is 1 hour it will go back 144 hours and the first hour will be your entry point. This part also worries me. Someone asked me an apt question when I read back this portion of your reply. I was asked, how does the bot know that 144 points in the past was a relevant (or even a good) starting point for the future [decisions]? I couldn't help but shrug as they asked me that because it is a very good question. If the Bot doesn't use the highest recent point as the entry point (but ? apparently) just the 144th entry point from "now", it can apparently make....pretty bad decisions. The point that came to mind is asking if there is any way to add a feature where: --A) We can see what that entry point actually is at any given time. and --B) Change the length of that entry point to what we want. (72 previous points instead?) 3. Trailing Stop Loss takes the highest value Bitcoin has achieved since you turned on the bot and will SELL all your BTC if the value goes down from the maximum by the percentage you have specified. So it really was following it's programming when the value changed in your favor, by design, it will only intervene when there is a loss. This is one of those features that is very sensitive to set and that you have to keep an eye on though. First question, does this field accept a negative value? Second question, Does this rely on the mystery 144th point in the past? (or when I actually turned on the bot?) Perhaps a bot with internally tweakable settings might allow even more customization. Hi Puerto Libre , I think "WhyDifficult" did a good job of explaining the logic behind the 144 data points so I will leave it at that. I think there is a misunderstanding about how EMA logic works, allow me to explain: EMA is trend logic. The bots function is to get you out of a crash as early as possible and into a rise as early as possible. It is not a day trading bot and the math behind it does not suggest you will make a profit out of every single trade. The math suggests that if you run the bot for a decent space of time the profit trades will amount to more money than the loss trades and thus you will profit. I explained in a previous post that this has to do with the leveling of market randomness well expressed by the logic of the "Law of Large Numbers." If you advance on Gomboo's thread you will see that although loss trades will likely outnumber profit trades, profit trades should account for more money over time. I mentioned before but I will say it again, 15 minute time scales are not the best, 1 minute is certainly no better. As a trend bot, the longer the space of time you trade at the more likely trends identified will be real. If you are trading at 1 minute intervals, you are really using bot as a high frequency trader which it is not intended to be. Those shorter time frames exist because people requested them for specialized testing of models; Gomboo always suggested trading at one hour and now he has brought it up to one day. One of the key reasons you are seeing losses, I suspect, is that the fees associated with one minute trading are eating into any money you could be making. I encourage you to use nothing shorter than 30 minutes unless you have a thorough understanding of EMA and a specific goal in mind with a good basis behind it, not just to see more trades. A lot of the discussion we are having here comes from a misunderstanding of EMA logic and confusion of trend logic from day trading logic. I am here to help with whatever you need so just drop me an email and I will be happy to clarify any points you need help with. I suggest you consider the points we have been discussing and reevaluate your understanding of Trend/EMA logic from day trading/high frequency logic. I would really encourage you to bring your trading window up to at least 30 minutes or your fees will continue to eat into your profits. Please let me know if I may be of service any other way. Best, Pablo. |
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OK, I've made it Another question, I can't see btc-e stuff, does it appears after I fill MtGox options or? Seleme, BTC-E is only available in the Beta. Just drop me an email at pablo@btcbots.com and I'll send you a copy right now . If you prefer to wait, the full Beta should be released by the end of next week. I'm here whatever you want to do. Pablo. |
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Just want to let everyone know that with the staff we added to our processing division orders are going faster than before! Usually within an hour or two of payment. We still hold our guarantee: if we do not place your order within 24 hours, without a valid reason (such as your product is no longer available) we will contact you and either place your order fee free or return your money on the spot! Please do not hesitate to contact us if you have any questions . Pablo Support@bitsumo.com |
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******************************** V2 Beta Announcement "Butter Bot" ******************************** Friends, We have just released an updated version of the V2 Beta. If anyone in the Beta program did not get it already, please drop me an email and I will resend you a copy. This version includes the following updates: -Bug fixes and stability improvements -Connection and proper functioning indicator - FIAT reserves - Email-on-trade -Referral implementation -Subscription Renewal. This updated Version is rebranded as "Butter Bot." We will be updating the website and the Bot's layout in time with the release and to go with the rebranding, we hope that everyone enjoys the upcoming changes . We have a couple more spots open on the Beta program so if anyone wants early access, please just drop me an email. Although most of the final V2 Butter Bot features are in there, we are working on the redesign and other implementation. Please do not hesitate to contact me if anyone need anything . Pablo Pablo@btcbots.com |
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OK, I've just bought this. But  since I really don't use Chrfome I've got no idea how to setup this. I've tried to open the file I got in mail with Chrome and it shows that it's working on adding extension just to get an info that extensions can't be added from this website (path to the file on my hd). Hi Seleme , I'm sorry about the confusion. Please enter this address into your Chrome address bar: "chrome://extensions/". Then drag and drop the extension file into the page and you are all set . As Kuroth suggested, I will be revising the purchase email to include these instructions. Please let me know if you have any other questions . Pablo. EDIT: We have also added a "properly set up" indicator to the Beta update that we will be sending out later today to all current beta testers and which will also be part of the full V2 release . |
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Hi Kuroth , I'm glad you are enjoying your bot, it makes us very happy when people both understand and enjoy our products . We don't have a fixed ETA on the back testing after the release of V2, but like everything we have been working on, it will be brought out the door as fast as we can make it while maintaining quality standards. Back testing is the feature that I personally most want to see on V2 actually. I like the idea of higher time frames, I read Gomboo's post and I think it's worth it to add those; the problem however, is that the EMA model requires 144 data points, so, if we where to use a 24 hour frame, that is 144 days of data that we need and we are not sure whether the exchange API's will throttle us or if we can actually hold data that far back. We'll take a better look at it and let you know. Please know we are taking a serious look at this. Please let us know if you need anything at all, we are here to make your experience as fun and profitable as possible . Pablo. I have been learning how the bot works by watching it make decisions. I think there is room for improvement with just a few extra features. Is there any chance that the tables that show up showing the Time, Price, Diff could be outputted in some other form? CSV or just as a regular HTML web page that gets re-generated with ongoing measurements of diff? The reason I ask is because the bot gives valuable information that can make it extremely trivial to make a profit at any setting. The issue is the chrome plugin seems to generate a valid web page with "all the details" but the page itself is not directly accessible. I am a fan of automation and would very much love to get my hands on the data spit out by the B-Bot in "popup.html". I have been trading manually alongside the B-Bot in a different account and that has netted me about 10 to 15 BTC in the last two days. But the B-Bot has actually lost .3 BTC in a test account (originally with 4.5 BTC) in the same time frame. ------------------------- The reason I ask is because I noticed that the B-Bot pays close attention to the differences between the two EMA lines to determine the crossover. Both going up and down. The shape of the curve and the steepness can be determined from simply looking at the difference values. What I haven't seen yet is any form of the bot tracking what the original entry point was. (Maybe it does, but it doesn't give any indication of what that value might be) I assumed the "Stop Trading Loss" feature was implemented as a way to trigger some kind of percentage where the bot would execute a trade. The only problem is it does not appear to work. (I am unsure) I place very low settings on the bot to see if it would trigger trades even with a drop of 1%+ (my stop loss setting) and it seems to follow the curve even when it drops more than 1% (in my favor). So there seems to be a very critical feature missing from B-Bot v2 beta. It follows EMA fine but it loses plenty of trading opportunities. (as evidence on my other account where I gained nearly 15 BTC by follow the EMA lines manually) -------------------- If I could pull out that table data as a popup.html that keeps tabs on the diff data it would be a godsend. Is there any way to pull it open in any (full featured) browser? Hi PuertoLibre , Let me take your questions one at a time: 1. Whatever results you have seen since you got your bot a few days ago, be they profit or loss with B-Bot are likely the product of market randomness. This is the discussion we were having with Kuroth; profitability on an EMA bot, generally any kind of bot, can only be judged in longer time frames as to account for said randomness (think: "The Law of Large Numbers") and let trends emerge and the math do it's job. I am happy you have seen profit by trading crossover, but again, unless you have been doing this consistently for some time, profits there are also likely the product of market randomness, the true measure of an algorithm is it's profitability over the long term. I am not saying your strategy is bad, trading crossovers only is an established strategy, but rather that your results are not reflective of the strategy itself. This is part of the reason why professional back testing models generally go back several weeks if not months or years. Our bot is based on Gomboo's discussion of EMA as applied to Bitcoin and all these issues are discussed there, recommended read : https://bitcointalk.org/index.php?topic=60501.02. The bot calculates 144 data points to determine EMA values. This is 144 points in whatever time frame you select, if your time frame is 1 hour it will go back 144 hours and the first hour will be your entry point. 3. Trailing Stop Loss takes the highest value Bitcoin has achieved since you turned on the bot and will SELL all your BTC if the value goes down from the maximum by the percentage you have specified. So it really was following it's programming when the value changed in your favor, by design, it will only intervene when there is a loss. This is one of those features that is very sensitive to set and that you have to keep an eye on though. 4. I'm not on the technical side so I'm not 100% about the popup.html but I will drop you an email about this when I have an answer for you. As always, we will accomodate you as far as is technically feasible and safe for us to do so. Please let me know if you have any other questions . Pablo. |
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Hi Kuroth , I'm glad you are enjoying your bot, it makes us very happy when people both understand and enjoy our products . We don't have a fixed ETA on the back testing after the release of V2, but like everything we have been working on, it will be brought out the door as fast as we can make it while maintaining quality standards. Back testing is the feature that I personally most want to see on V2 actually. I like the idea of higher time frames, I read Gomboo's post and I think it's worth it to add those; the problem however, is that the EMA model requires 144 data points, so, if we where to use a 24 hour frame, that is 144 days of data that we need and we are not sure whether the exchange API's will throttle us or if we can actually hold data that far back. We'll take a better look at it and let you know. Please know we are taking a serious look at this. Please let us know if you need anything at all, we are here to make your experience as fun and profitable as possible . Pablo. |
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This is the first I'm hearing of this . Anywho, looks like the winner used an EMA strategy . Pablo. |
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PuertoLibre, Much appreciated . I'm happy you caught that one before the Beta went live! We will correct that before the full release, thank you. Please let us know if you have any other issues. Pablo. |
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I just purchased the software.
Currently taking it out on a spin to see how it handles. I just finished setting up the API settings, but it says "Could not retrieve funds" when I hover over the button in chrome.
(By the way, does this extension work on a (Chrome) Android based Tablet?
Hi , I am PMing you right now; I'll help you work through the issue . Pablo. |
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I want to thank the customers who have taken the time to leave a review . If you aren't a customer yet, now is a great time to buy; we are open 24/7 and processing all order same day, guaranteed or your money back! Pablo. |
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******************* Announcement ******************* How long is the early adopter spot open for? I am selling some stuff on ebay so I might buy this after that.
This question goes well with an announcement I have to make: We received a lot of great suggestions during the beta, which we are now implementing. Unfortunately, this has put us behind our release schedule by about 7-10 days so instead of releasing this weekend we will be releasing either by the end of next week or the middle of the week after that. I would like to apologize for any inconvenience that this may cause. To make up for this, we are opening another round of spots in our beta program; whoever wants access to the beta, please just drop me an email at pablo@btcbots.com. Spaces are limited but we will try to accomodate everyone who wants early access. If you decide to wait for the full release you will experience a more complete product but the beta is completely functional and very stable; still, it is a beta. I want to apologzie again for this inconvenience, we are not in the habit of missing our release dates. On the up side, the early adopter program will remain open until the full public release of V2 so you are still in time to get in on this great deal . If anyone has any questions, please do not hesitate to drop me an email. Best, Pablo. pablo@btcbots.com |
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Sorry if this sounds reall stupid but if I buy now will I get acces to v3/4 etc.? And how much does it cost (couldn't find the price)
Hi Monetizer , The current bot is going for 99 USD. You can purchase here: www.btcbots.com; as an early adopter you will receive a free upgrade to V2 and a free one year subscription to V2, as well as free, unlimited, tech support. About your question regarding future upgrades, we don't generally plan to charge for them if you maintain a paid subscription. We haven't yet decided how we will deal with people who want to upgrade directly say from V2 to V4 but were not V3 users. If we were to charge for a Version upgrade to an active user the upgrade would have to be pretty major (more so than usual) and we would generally not charge more than 15-25 USD. I repeat, we DO NOT generally plan to charge for upgrades to active users. Please let me know if you have any further questions . Best, Pablo. |
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Ok So I assume I know the bot is working when I see the Green Icon in the upper left of my Web browers? And when I mouse over it it shows my Balance in BTC and US$ on Mt Gox so I assume this means the Bot is working and my connection to MT Gox is good?
Yesterday I purchased 3 BTC at Coinbase for $86 each and then transferred to MT Gox as my starting play money to use with the Bot..
Setup and turned(I think) the Bot on yesterday late afternoon and BTC was around $88
Left the Bot on all night and the Bot has not done anything (That I can tell) and BTC is now $99
So I assume this is correct and the Bot is working and will trigger a sell(For a profit) once it seems EMA hit the .25 showing a down trend correct?
Just making sure I am understanding all this AND that my Bot is actually on and working..
Thanks!
Kuroth, You got the entire concept accurately. Another good indicator that your bot is functional that when you click on the logo it displays all charts accurately and shows no errors on the display. As the market is on the up trend, and you were holding BTC to begin with, you will not see a trade until the market hits a down trend. Please let me know if you have any other questions . Best, Pablo. |
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