The title is sarcastic from one point of view.

From the point of view of the powers that be, Gox once again screwing over newbs and other individuals gives them all the power they need to put the clamps on firms, entities who deal in and use BTC to keep them from interacting with banking.  The powers that be will likely at first go after exchanges, then they will likely wind up criminalizing any and all deposits/withdraws made in connection with the use of BTC.

To get the insight into what is on the horizon all one needs to do is read the last paragraph in the story run by BBC news regarding Gox's bankruptcy.

http://www.bbc.com/news/technology-25233230

It appears you and all other people with money or coins at Gox are going to do a bail-in for Gox, like Cyprus did to account holders there.

MtGox is the problem with Bitcoin.  MtGox is at least the most inept group of people running an exchange, and likely the most corrupt.

If Gox was hacked and lost coins it because Gox's code sucked.  Personally, I don't believe a single thing Gox says, prints, posts, or claims, if you couldn't already tell.

I do feel real sorry for all the people who were so stupid as to keep on putting money into Gox thinking they were getting a good price on the coins.  Ehh no I don't it's Mt Gox.  Mt Gox is the Mos Eisley of Bitcoin, at least that's what Obi Wan says.


For the non Star Wars fan: "Mos Eisley spaceport. You will never find a more wretched hive of scum and villainy. We must be cautious." - Obi Wan

Yeap on Wall Street there are the people who pay thousands a month to rack their servers right next to the exchanges.  My understanding is the law in this case sees it as the information is broadcast outside the exchange at the same time and the laws of nature or communication are what dictate that servers a few yards get the information faster than servers hundreds of miles.

IF you want to make money on the street track what congressmen and their staffers do who are involved in any legislation that affects the market.  They go trade during the meeting or right after which is generally hours to days-weeks before anyone else knows what the committee has voted on.

But with these crypto exchanges who knows what's going on behind the scenes?  Damn with Gox you used to be able to place fake orders on your own,they didn't change that until last April or May.  One could list the same BTC for sale numerous times, and conversely place all kinds of buy orders to create the illusion of a massive wall.

Though this bot looks interesting.

Hi,

I'm just chiming in with my $0.02usd worth. I haven't used this bot.

One thing I notice in many posts regarding BTC-e functionality, of this or any bot, is trades not executing or being delayed etc...

I think a lot of these issues are due to the fact BTC-e does not have a sell at market feature like MtGOX. This means for your trade to execute there has to be a corresponding buy/sell order on BTC-e at the time your order is placed for your order to be immediately placed.

example.

Bot tries to sell 1btc at $900.00
highest open order on BTC-e is a buy for 899.99 and market is downtrending.

This would mean your sell gets stuck on the sell order side at $900.00 until the market comes back up to $900.00 and there is at least 1.0btc worth of action at that price for your entire order to fill.


I've messed around with BTC-e for a while and only use it for trading LTC.


Also,

Don't forget these exchanges are not governed by any oversight body that checks the code or functionality of the exchange for any kind of compliance against any kind of standard.  The exchanges are mainly outside the USA and the owners are in it for profit.  And not just the small transaction fee profits, actual big $ profit.

Basically for all you/me/we know the exchange has it's own bot running trades and this bot is given information well before it is broadcast to other bots or the GUI on the exchange, fractions of a second is all it takes.

So just my $0.02usd.


[ADDED]

When doing back testing don't forget that in back tests the EMA lines are fixed.  The market is not active so there are not the times when the EMA lines are very fluid during indecision times.

For the title if it was 2006 everyone would be going to town on Bush.  This is term 2 in a different admin so this is Obama's spying.

I just read about this today.  I didn't even know about the site nor have I ever used it until today.

What I can gather, and it's on the front page of the site.

http://groklaw.net/

Is that people use email for the forum and due to Lavabit shutting down as well as all other known privacy concerns concerning email this useful site is closing the forum section.

Of course my first thought was of the Bitcoin community, all the brilliant minds here and of course the facts that sites such as SR and Atlantis function in TOR, so I am merely posting here to suggest that possibly there are people here who can help the owner/admin of Groklaw to set up an as secure as can be system for their forum to continue functioning.

If anyone who has the talent and skills to help is interested in helping the site I guess contact Groklaw's admin.

[my thought is it seems to me one could use TOR to set up an anonymous email and have all the email serving on the site done in TOR. Then the site could be viewed in TOR or on the regular web. I don't know if this is viable.  This is just my initial idea of how this may be solved.  There  may be glaring security issues that I am not aware of that makes this idea unworkable.]


This is quoted from a story on CNet.
http://news.cnet.com/8301-13578_3-57599288-38/surveillance-concerns-bring-an-end-to-crusading-site-groklaw/
Surveillance concerns bring an end to crusading site Groklaw

A legally informed Web site critical of lawsuits from the SCO Group, Apple, Oracle, and patent trolls shuts down because its founder says e-mail can't be protected from government scrutiny.
Stephen Shankland
by Stephen Shankland
August 20, 2013 4:11 AM PDT

It appears, you have mistaken what I wrote with me giving some sort celebrity endorsement to fapturbo.  I implore you to reread what I previously wrote or quit reading into what is written into a post, since clearly I did not endorse fapturbo nor did i use any of my celebrity to imply anything about fapturbo. 

The "Crazy Ivan" bot strategy is used in some FOREX bots, namely Fapturbo.

sebastopol and mrlithium Your work on this is greatly appreciated.  I haven't forgotten I stated i would come up with a better example of what I was on about a few days ago.  Not that yall are holding your breath until I posted again. 

Instead of trying to trade BTC manually I'm working towards a bot application. This is one whack a mole crazy manipulated market.  Penny stocks that are about to be delisted don't even hold a candle to Gox/BTC.

I'm pretty sure I have a sound basic formula designed, of course I would think that I thought it up, though at least one programmer appears to agree.  IDK if this is the place to post this but if anyone wants to work to program a bot then PM me and I can send you my initial premise, or PM me and I'll edit this post to remove the offending text.

Basically yes.

I'll work out stating the logic in a clear fashion.

IDK if this is out of the scope for this project but this seems like a great idea to me.

Is there any way to add a feature that is a trailing stop loss in reverse?

I know it seems like a strange idea.  Why buy above a price you're losing money.  I say are you really?  Same as why sell below the price you buy at, you're losing money if the trend reverses.  I think it's pretty evident this is a highly fluid market with a nice dose of overt manipulation on top.

Say your stop losses are triggered and what was really happening is a trader or group of traders was using their power to cause bots, apps, traders, to dump coins below market with the plan of a quick dump and reverse?  You sell your coins for a loss on a big red candle, but if you're semi-automated when do you buy them back in this scenario when the market rebounds on the next interval or in the same interval?

This is my example since it is easier to explain.

Say I'm tired and fall asleep at the wheel, like this morning when the market was going under 89. I enter buys but my buys are too low so they never execute.

What if when I enter a buy then the app takes the highest buy point and if the prices reaches either a percentage or fixed amount that the user enters (ceiling) but never reaches the highest buy and then rises past the ceiling then the app enters a buy that equals an ask but only does this until a buy is made or until another user defined ceiling is reached.  There is no need for any real automation just some way of using the signals so the user can predefine the conditions.

example. (fictional, but maybe not)

I enter a buy at $78.99.  Gox only dips to $79.  If i was awake I'd be all over buying for $0.01 more.  But I had placed a fixed eyes off order so I miss the buy.  I wake up and bam Gox dipped and rebounds to $92.  What a great trade if I was awake.

So if the app had a feature that worked as a stop loss in reverse I could have bought or tried buying from a range of say $78-$81.  Market dips below 81 nothing happens because the app is waiting for 78, but if the market reverses and goes above the low between 78-81 then the app enters a buy at x$ above the point between 78-81 and if no buy happens because the market reverses so rapidly then it app enters buys at levels the user has defined for x$ more, and x$ more until a buy happens or until a set ceiling is crossed.

For example.  Yes I understand price could not reach my buy during one time period but reach my buy level at a later time.  Same with a stop loss.  A stop loss can be triggered then the price rebound and reach levels far above your stop loss.

You're looking at the charts and can see what looks like a real verifiable no nonsense downturn.  You see that the price is likely to be between $low and $high.  I understand then why not just enter the buy at high range predicted for the bottom?  Why buy something at one price and sell it for a loss with a stop loss?

You enter a range in which you know is comfortable to buy, and the app buys.  I guess to be even more fool proof the app could automatically enter another stop loss that is at the level of the amount of BTC bought plus buy/sell fees.  This way if the market reverses and goes down further then you'd sell in a break even range, or you could elect to hold figuring the market will come back to your buy level.


If this is convoluted blame the rum.  If you have questions please ask and I'll attempt to explain.  The basic idea is a reversed stop loss.  I'm trying to add the hot chick in the passenger seat and the turbo package to an excellent project.

I worded that poorly. I understand the trades were locked when the account was frozen.  I meant the trades were still frozen when you got use of the account again.  Better wording would have been the trades should be deleted before your account was made active again.

Definitely your orders should have been frozen.  I hope you didn't lose a lot.

If you did memtingale your way out of it.  (And just being a smart-ass)

YES LTC will overtake BTC.

It will be a while till LTC overtakes BTC.

BTC will get scammed out of its socks with a decent ASIC attack.  The more BTC gains in value to more likely a 51% attack is.  I recall people getting all giddy about BTC passing $100, then $125, ...$200.  I kept on saying cool but tried reminding people that as BTC gains value it is more susceptible to Murphy's Law, and I was proved correct.  Attackers and the pure suckiness of Mt.Gox killed a pretty decent rally.  But who nows maybe the rally getting killed in BTC is good for BTC.

The recent DDOs attacks have been handled pretty well by the market which to me means that soon a pure DDOS attack on Gox will not derive enough benefit for the attackers so they will have to change strategies.  ASIC is the next most likely strategy coupled with DDOS.  Then again noting happening is also a likely possibility.

Once LTC is traded on GOX LTC will begin to slowly siphon value away from BTC and LTC will begin to gain parity with BTC.  Yes Gox is still the first 51% attack on BTC and the only likelihood of a 51% attack on LTC.

I do say that LTC should have been better named, but oh well.  I do still enjoy all the projections about how LTC's coin count being 4x BTC that this fact somehow means LTC's total market cap is 1/4 BTC.

Based on further debasement of fiat by Soros and Co continually wanting to wreck Greece, Italy, Spain to kill the Euro BTC will reach a high of:

$396.73

Low will be soon and it will be:

$97.47

I further add LTC will be traded on Mt.Gox before BTC reaches and passes $200.00 again.

I do not have any have some now, so that's how I voted.

I don't see what the point is of worrying about LTC/USD. The real index for LTC is LTC/BTC.

Be aware that these exchanges are highly manipulated.  It makes it fun, but can kill a bot that's not prepared to deal with outside the norm situations, such as the BTC rise on Gox last week.

I know you're saying BTCe but as far as I can tell BTCe shadows Gox and either the site has a trading bot that sets prices relative to Gox, or there are a few bots with lots of bank that are setting the prices.

Make sure and study the meteoric rise of LTC over a few days, that all started with a massive pump.  Then study Saturday 6th.  I was online at BTCe when some guys came in with big btc bank and bounced the charts a little to manipulate the prices.

If you can figure out the elasticity between Gox and BTCe that likely could yield great results.

I trade at both exchanges, even as much as I dislike Gox, and Gox is a 51% attack on BTC.  I think a crowd sourced co-op type exchange must be created for BTC to function fairly and freely.

BTCe is more fun than Gox due to the greatness of the trollbox.  I'm sorry for the people who lost their money due to a data mine type hack.

Gox has just as many issues as BTCe.  Gox lures people to put money into Gox then slams them with their BS KYC stuff.  If you don't send them (who ever they are) your info then all your coin/cash are gone, and I believe Gox considers it theirs after a few months, maybe 6.

Also, if you notice Gox's order entry is BS.  When you enter a sell the BTC is not removed from your available funds, that means there is nothing backing a sell order, just as there's nothing backing a buy order.  

So the quick among you will think, so what?  When it sells the coin or cash will be removed.

Ahh not so fast.  

What that means is anyone can enter whatever bids/asks they want for any coin or fiat amount to game the walls, and thus game the metrics used by bots and us lowly people who use charts.  I'm pretty sure if I wanted I could enter a sell order for 5000BTC on Gox at 99.99, or any dollar amount and it will show in the system as a valid sell order because there is nothing required in an account to back up the order.


Until my dream is realized for a crowd sourced not for profit exchange then from the looks of it the exchange of the future will be Kraken.
https://www.kraken.com/
https://bitcointalk.org/index.php?topic=159974.0.

They may still be looking for beta testers just look at the thread on the forum and find out or do a search for kraken.

Thanks for all your work.




Thanks for all your help and for making the exe.  You've unleashed the power of the Windows noob army!

TY.

I tried the bat, I'll edit it to include what you wrote.

I get an error that it can't find 'pythonw' I assume that's pythonw.exe in the root\python27 folder. I included this in the bat but still can't get it to start. 

I can't believe I'm so clueless.  My noob factor has hit 1000.  Guess I'll wait for a win installer, or I'll dust off the Debian install on another machine.

Ok then how do you run the app in windows?