Hey everyone.
i had a few questions about leonardo:
1) is there a discord server or another means of customer discussion other than BTCtalk?
2) is the leonardo automated in the sense that if it buys and sells it will continue to do so if the parameters are met? or is it more an aide for creating orders?
3) can leonardo self create orders based on criteria being met when it happens, as to not tie up currency on hopeful orders?
I hope these questions make sense, as I'm sort of new to trading.
Hi Dan, Nice to have you with us. There is a Slack channel: https://leonardough-slack.herokuapp.comleonArdo's bots will continue to buy and sell forever until you stop the bot. But only with the amount give have given each bot to sell with. You can set up multiple bots on multiple pairs. Even on a single currency pair you can have many bots. Everything is possible! Let me know if you have any more questions. You can ask here on the thread or send a mail to support@marginsoftware.deBest wishes, Jonathan |
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I just bought Leonardo and installed it to use with BITTREX.
But before I set up the bot I want to know what happens to the open orders that I already have in Bittrex?
Leonardo imported them fine so if I start a strategy will it cancel the existing orders and set new ones?
What is the difference between starting a strategy using the option BUY and SELL?
The orders you have on bittrex will show up as active orders in leonArdo. You can then cancel or adapt them as normal. Or leave them be. leonArdo's bots won't touch your existing orders. You have to allot the bot a certain amount and it only trades with that. So say for example you want the bot to trade with 1 ETH. You choose this amount using the slider and then start the bot in either buy or sell mode. It will start and after its order goes through switch actions. It's called swing trading. The idea is that the bot makes you money as it swings back and forth between buys and sells. It does it without emotion, unlike how we might act. Best wishes, Jonathan |
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Actually, you are right. The stop loss shouldn't have triggered and it didn't!
The bot placed the order there because you set a negative Min Effective Gain. of -2.0%. This allows the bot to make a loss of up to 2% in the hope of making further gains. This particular sell made a loss of just over a percent.
Best wishes,
Jonathan
I had an issue with the Stop-loss as well. I posted earlier in the thread and messaged you on the site in the contact form. It looks like you are missing my issue somehow? My issue is definitely related to Stop-loss as it triggers in the log when it happens. Please post again and provide as many details as possible. The above message is not an issue with stop loss. It has nothing to do with it. Jonathan |
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https://imgur.com/a/cYT2cHi All, I am trying the demo version of Leonardo and saw this this trade happen and I would like to understand why it sold at a loss. Based on the screenshot is it possible to explain why the sale was done at a loss?? A stop loss was triggered. See the configuration (relative stop loss) on the left side of the picture. If you have any further questions just let us know! Rene Maybe I am not understanding the settings for the stop loss fields but I had it set up at 5% so why did it trigger when the price was well higher than the 5% threshold? And I just noticed that the same thing happened with the NEO Pair it sold at a loss as well i guess because of a stop loss too. Why is this happening? https://imgur.com/a/AKyiGThe sell order simply says it is of type Limit. Maybe a feature for future version to include Stop Loss Type sell order so that we can tell what caused the sell? Actually, you are right. The stop loss shouldn't have triggered and it didn't! The bot placed the order there because you set a negative Min Effective Gain. of -2.0%. This allows the bot to make a loss of up to 2% in the hope of making further gains. This particular sell made a loss of just over a percent. Best wishes, Jonathan |
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https://imgur.com/a/cYT2cHi All, I am trying the demo version of Leonardo and saw this this trade happen and I would like to understand why it sold at a loss. Based on the screenshot is it possible to explain why the sale was done at a loss?? A stop loss was triggered. See the configuration (relative stop loss) on the left side of the picture. If you have any further questions just let us know! Rene |
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how strange, but I none of Leonardo is not responding !!!!
For what, some hours? We generally reply very fast but there are some times when it takes longer. I have sent just you about 10 mails in the last two days alone. I would appreciate some understanding. Jonathan |
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ZERO customer service responses. Like the software so far but have received NO RESPONSES to my questions/problem I have from "customer service" using the web site "contact us", via email and via Twitter. Looks like I wasted my money on Leonardo.
RESPONSE TO YOUR CUSTOMERS !!!!!!!!!!!!!!!!
What are you talking about?? How long have you waited. We have thousands of customers and sometimes it takes some hours to respond - actually most days we respond within minutes. Who are you? Reply by pm with your email address. Jonathan edit I see you talk about paying for leonArdo with a credit card? Can I ask how you did that when we only accept bitcoin. Which program did you buy? |
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Feature Request
I'm currently trading on Bittrex manually and really need a Trailing Stop Loss feature for manual trades. A simple Stop Loss that could be changed would be the minimum solution. This feature should be usable across all supported exchanges. Please add to an upgrade soon. Thanks.
Thanks for your suggestion. We will definitely add this feature soon. Best wishes, Jonathan Sounds very cool. I'm looking forward to it. I am also offering to add the thing similar to "Trailing stop" but which will help to catch the Dip instead of max High. With these functions while getting trade signals we need only set "Trailing dip/high" and then just watch. I think it would be great impact to manual trading in your programm. What do you think? It seems you accidentally missed my question. So could you add this feature in the future and how soon? Can you explain in a bit more detail how your feature would work? Thanks! Jonathan |
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Dear friend. I paid yesterday and my mail is not what it is not  Even the confirmation I'm worried about the fact that no letters from them, in the spam I looked, there is also no (( Boris I am in contact with Prescott by mail. Seems to be an issue with his payment and that's why it didn't show up. Yesterday was our best day for new customers so I was very busy all day building new copies! Thanks and welcome to all our new customers! Best wishes, Jonathan |
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imo. Leonardo is a good bot. However, the strategies are way too simple. Yes the GUI is really nice and easy to use, but that doesn't add any value as bot to me. The real value on any bot are the strategies (based on technical analysis, sentiment, AI and fundamentals). The flexibility to easy modify it to adapt on market conditions (sideway, bullish or bearish), obviously the experience ppl have on trading and last but not least, I saw a flaw on this bot same as all other bots (That I won't discuss it here, if Leonardo devs. are interested they can PM me). This is my opinion as experienced Quant trader.
Its ok if you discuss it here, we would like to hear about these flaws, this is an open forum and we should discuss everything, good, bad and ugly. That is the only way to improve things. I agree, its a simple bot with only 2 strategies, regular ping pong is too rigid to be useful in dynamic crypto market, margin maker is better but confusing partly because there is no in depth tutorial that explains how it works and how it should be used, what settings etc. Adding trailing stop would be useful, let winners run instead of selling too early and missing out on good profits, its quiet common for crypto to move 10-20% ± in a day and getting only a few % out of such a huge move is not good enough. Every bot on the market seems to cut profits too early where as stop losses are not utilized properly or encouraged to use in expectation that coins will bounce back. The mArgin maker bot comes with two kinds of stop loss: absolute and relative. The relative settings is relative to the last buy. Best wishes, Jonathan |
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Hello, why does the demo/Bittrex version of leonArdo only show 7 decimal places for OKCash? That is rather misleading: Screenshot: http://prntscr.com/gj7glgAlso, I have 5 Bittrex accounts. Can I register API keys for all of them and label the accounts and switch between them? Finally: is there a referral program? I can refer a good number of people to this. Just drop us a mail at contact@marginsoftware.de and we will create you a referral link. As you every API key is basically a license, you would have to get an extra license for each key. If you actually need five, just also get in contact via mail and we figure something out. Quick question guys. So the license is based on the API key? so you can only use 1 license on 1 exchange and on 1 account? If so, can you at least change this anytime (point the bot at another API/Account) ? Yes, the license is based on the key. Which is the method most bot softwares are using. Rene |
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Good evening. Today I made a payment and filled out the api when I have to wait for the bot ?? and the manual  We are building new copies as we speak You should get a mail soon! |
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Hello, why does the demo/Bittrex version of leonArdo only show 7 decimal places for OKCash? That is rather misleading: Screenshot: http://prntscr.com/gj7glgAlso, I have 5 Bittrex accounts. Can I register API keys for all of them and label the accounts and switch between them? Finally: is there a referral program? I can refer a good number of people to this. Just drop us a mail at support@marginsoftware.de and we will create you a referral link. As you every API key is basically a license, you would have to get an extra license for each key. If you actually need five, just also get in contact via mail and we figure something out. Rene |
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imo. Leonardo is a good bot. However, the strategies are way too simple. Yes the GUI is really nice and easy to use, but that doesn't add any value as bot to me. The real value on any bot are the strategies (based on technical analysis, sentiment, AI and fundamentals). The flexibility to easy modify it to adapt on market conditions (sideway, bullish or bearish), obviously the experience ppl have on trading and last but not least, I saw a flaw on this bot same as all other bots (That I won't discuss it here, if Leonardo devs. are interested they can PM me). This is my opinion as experienced Quant trader.
Its ok if you discuss it here, we would like to hear about these flaws, this is an open forum and we should discuss everything, good, bad and ugly. That is the only way to improve things. I agree, its a simple bot with only 2 strategies, regular ping pong is too rigid to be useful in dynamic crypto market, margin maker is better but confusing partly because there is no in depth tutorial that explains how it works and how it should be used, what settings etc. Adding trailing stop would be useful, let winners run instead of selling too early and missing out on good profits, its quiet common for crypto to move 10-20% ± in a day and getting only a few % out of such a huge move is not good enough. Every bot on the market seems to cut profits too early where as stop losses are not utilized properly or encouraged to use in expectation that coins will bounce back. Thanks for your comments and feedback. As leonArdo is work in progress, we will add more bots and advanced features in the next weeks and months. Keep the ideas coming  |
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I am using the margin maker but still do not understand a lot of what it does.
I would love to see some ( A few ) real examples and the settings used and explained what each setting was used to see the end result.
Would it be that hard to make a video showing how to use it and using each control and why.
I use the ping pong more as a sell tool than anything with bittrex. It is more easy to use and set - right now I have it set to sell LTC at $73 and then buy back if it then drops to $65
I have MM set to sell ETH at $287.99 right now
Hey, we have some tutorial videos on our website. http://marginsoftware.de/tutorial.htmlWe are also working on a complete overhaul of our website. So expect more content soon! Unfortunately we cant give financial advice, so we can't give advice one how to tune the bots. |
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Thanks for your message.
The margin maker can move up or down with the course but to allow it do that you need to set a minus Min Effective Gain.
Showing the amount of the second currency, in your case USDT, in the mArgin maker is missing but can be quickly checked by switching to the manual tab. Not ideal I know, but we will add it to the mArgin maker soon.
The difference between relative and absolute stop is that absolute sets a fixed price and relative is set a percentage amount away from the last buy.
The "Bot can increase trading amount" option allows the bot to increase the amount it uses to trade so that it can get a total more than the minimum tradable allowed. As the total is amount*price, the total the bot uses can fall below what's allowed by the market if the price decreases. Having this option turned on will allow the bot to continue to trade.
I hope that helps.
Best wishes,
Jonathan
It would mean unless we set minus - Min Effective Gain The margin maker strategy will not move up/down with prices and bot will be buying and selling within red lines, same as static ping pong.
Example, current price of LTC is $70, I set Min Eff Gain to MINUS - 50%, 3% profit take
Bot buys at $70 BUT then price drops to $55, What does bot do in this case? Doubles down or waits for LTC to rise above $70 to sell?
Every time market goes down you end up with coin that was bought higher then current marker price, how MArgin maker manages this situation?
No. The mArgin maker is NOT like the static ping bot. Those red areas are dynamic. They grow and shrink depending on what happened in the history window you selected. They emcompass the lowest buy and and highest sell during that time. The mArgin maker is always constrained by this area. But it's not the only factor that determines where it will place an order. The parameters you set also affect it. So you can tell the bot to never sell below a certain price or buy above a certain price. And you can tell the bot what kind of gain you expect using the Min. effective gain. Imagine the case where you make a sell, but the course keeps rising. If you the Min effective gain set to a positive amount the bot must wait until the price drops again under the sell price that was executed. However, if you set it to be negative then you allow the bot to place a buy order at a higher price (still in the red area) than the sell. In doing so it will make an initial loss, but the idea is that thereafter it can make further gains. It's a risk though which you have to be prepared to take. Practice on the demo market first! You can't lose anything that way! Best wishes, Jonathan |
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Sounds like you want a strategy editor so you can build your own strategy... We want one too. Actually, that would be great! Will we have the ability to run strategies that don't include buys? Seems like an odd request but it would be very useful  Sure, once we have it you will be able to create whatever kind of strategy you like. So its comeing? strategy editor to create my own strategys? We are working on it We will keep you guys updated on an ETA. Edit: Actually we can't say right now how long it will take. It is definitely a few releases away, but in the meantime there are some cool features coming... |
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Sounds like you want a strategy editor so you can build your own strategy... We want one too. Actually, that would be great! Will we have the ability to run strategies that don't include buys? Seems like an odd request but it would be very useful Sure, once we have it you will be able to create whatever kind of strategy you like. |
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quick question.
Do i have to be logged in to bittrex on my browser to be able to bot trade on LeonArdo?
I want to sleep but only have the bot on and not the browser open
Thanks
Hi Skatter, That's no problem! You can work with leonArdo without being logged into the exchange through a browser. Best wishes, Jonathan |
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Thanks again for this fantastic software, up and running + Loving it
Are there any updates on Graphical interface showing RSI?
Hi Thom, Great you like leonArdo so much! I can't say exactly when, but it will be in the next batch of indicators we add. Best wishes, Jonathan |
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