Great news guys !!!

Due to the latest volatility we had good profits on the Grid EA
Now the profits are not as big as many of you expect but for those who know these numbers are very profitable in long run

so let's see the update

LTC/USD  - "conservative mode" for 16 days 5 trades GridSize = $0.9

NMC/USD - "medium mode" for the last 10 days - 14 profitable orders, that is good so far for this pair, GridSize = $0.1

PPC/USD - "aggressive mode" for the last 7 days - 40 profitable orders, GridSize = $0.07 (changed it from $0.03 due to the high volatility)

Overall Profit of Portfolio so far: 5.6%

Conclusions:
When the price will move lower and lower we need to increase grid size so we have enough funds to maintain the DrawDown

Just an update on my bot

I've written it in php and now I placed it on 3 "pairs" and 3 different types of modes: conservative, medium, aggressive
Info: profitable orders - orders which were open on one level and close at 3 levels away in profit

LTC/USD  - "conservative mode" for 10 days no trade - it could be because there is not much volatility and the grid size is too big for this pair, but we stick to rules and let it run  GridSize = $0.9

NMC/USD - "medium mode" for the last 3 days - 4 profitable orders, that is good so far for this pair, GridSize = $0.1

PPC/USD - "aggressive mode" for the last 24h - 2 profitable orders, GridSize = $0.03, with this grid-size on profit I usually get 1.5% - 0.4%(fee) = 1.1% pure profit (3*$0.03/$6), and for now I think this is the lowest acceptable level, we need also to keep in mind that in case of a big down move here we could consume all of our funds to buy ppc


Conclusions:
In future will be much easier to use only 2 variables for this bot:
ProfitPercent - Profit generated from 1 profitable trade for only 1 Size of Order, starting from 0.5% for aggressive mode (note: keep in mind that to this value needs to be added every-time 0.4% transaction fee), this will also help to have less orders if price jumps quickly up, if price jumps quickly down we could use another value for ProfitPercent, but this is another story
Amount Per Level - basically the order size in $

if you have so many try to withdraw btc and see what happens

that is an old issue and story MTGox takes very long to send you the money . I guess you are not the first who thought of that, I checked that as well and by feedback of others on this forum it takes too long to get the money from MTgox, sometimes even months

cool
thank you very much, will definitely take a look

as I know java should work fine on MAC, but C# will be only on Win, so for sure will talk to you as soon as have something nice ready

Did not used Java for some time, I will make it either in php for localhost or C#,  maybe java as well

was thinking about the same - when you try to deposit/withdraw fiat could be the issue

and as daybyter mention this is necessary for proper Algorith testing so the funds are not messed between each other

did you use also Fibonacci?
and on what programming language you developed that?

the start point is to have 2 Fibonacci - on on longer period and one on smaller - then we can use the confluence areas as good points, so far I use it only for manual trading since they are quite hard to automate, but working on it

A very nice resistance levels for couple of days



Since today is Friday if nothing will happen in the next hours I think the same will be over weekend and then we will see nice movements as those levels break

K started beta for the bot

Called it AutoCoinBot , although now it is still not auto 100%, for the testing purposes I made a php script running on local server. I decided to go with a fixed amount of $ for each level - it is easier to track the profit and closing partial of order for profit when price rises.

here is an image of what I have so far



Red levels are the prices and amount I bought there (which means the order is still open - in reality I have that amount in my LTC balance)

Yellow levels are the so called pending orders, if the price will go there it will buy that amount for me

Blue level is where the price is now so I can check visual where it is

Now I am waiting for the price to either go up or down for at least $5 in order to see how all this works

Conclusions> There is a minimum amount for one trade(e.a. 0.1 LTC) and in future this has to be considered when using fee reduction algorithm(more details later). Since this is a long term strategy I do not expect to make a lot of money in the next week - but at least it will provide me the feel if I am in the right direction as backtests show. This strategy is somehow "bullet"-proof because in the end you will end everytime with either $ (more then you had) or coins. It is not like your balance will drop suddenly and you will not have anything

cool- thx for your input

is that from amazon? how it works?

hunting means they will move artificially either the spread or the price o it hits your stop loss and then will move back the price where it was.

I think the best for your purposes is to use QT

thx for your input - thought so - it is easier to deposit coins for multiple accounts

what about deposit? did you deposit USD from the same source or limiting to BTC/ Ltc?

Dear members

did anyone of you tried to have multiple accounts on btc-e.com?

if yes what was the procedure, different IP?

I just want to test few trading strategies and algorithms and do not want to mess between them on the same account

If you are going to use MT4 take care because sometimes they can hunt your SL, e.a. specially drive price in that direction in order to close your order and then come back, there are some hidden features available to brokers which have it on MT4 manager

I think the best is to create some kind of bot using the API or that QT thing

I think this will answer it better for you
http://www.investopedia.com/terms/m/macd.asp

it's either you place it when you open your PC or you need a VPS with a bot for that

You can not place something offline to wait for a specific price to sell, this already is called online, or I am missing something