Funny that this link even works - default host entry in server config points to the project.
As for your question: I don't have a price model in mind, right now, but it'll take a small fee.

That's exactly what I'm criticizing here. Marking users as scammers just because. But that's a different topic; don't want to start this discussion again.

I think ponzi owners just have to deal with it.

Yeah, I also read that thread. Though I cannot find anything in this thread about long term profitability. Can you point me to the post?

Hi & welcome to the forum!

I am a (web-)developer, by profession. Altogether, including studies, since 9 years now.

What I'd like to hear about is actual results. Did anybody use a trading bot for several months, maybe with constant settings, and if so, what was the average return per day in percentage?

Regarding my bot: for the moment, I don't want to be responsible for situations in which users might lose, so I'm coding the bot in a way that it cannot lose money. It can just stop making money, and situations which would otherwise cost the user money should be handled by him.

Hey guys,

thanks for your replies.

Funny. I was made aware of that bot just today, when a member of our trading group (no PnD, it's really a trading group: https://bitcointalk.org/index.php?topic=762278.0 ) told me he bought it, when we were talking about current and potential features of my bot.
You're pointing out what I meant: at the end of the day, it's all depending on the settings, strategy etc..
I saw that it's a Java application, so you probably don't have any access to historical trading data? Mine runs on my website, and I'm storing all trades - synchronized with the BTC-e API - in my local database on the server (I have to, because I have to take previous trades into consideration to determine the next entry position). This way, I can monitor the profits nicely and adjust parameters. In fact, I'm planning to auto-analyze the profits, and when profits decrease, the bot will adapt to the current situation by adjusting its parameters.

By the way, you can see its trade results here: http://bitshit.shice.info/bitshit.frontend/standard/btcewalltrader
That's my overall project. If you're interested in seeing it perform, an account is needed to get access to these pages. No worries, the page is legit. I even have an imprint on the bottom of my website (probably the only person in crypto doing so, heh), and I'm way too passionate about all this stuff here to waste my reputation.

.edit: just had a closer look at CAT - wow, your piece of software really looks sophisticated!

Basically, it's just a "buy-low-sell-high"-Bot (even though this term does not satisfy all the work and logic I put into it in any way). I haven't implemented any indicators (yet), but I'm planning to do so, because I want to save the user from the "hassle" of determining whether it's a good time to enter a buy- or a sell position. Planning to use EMAs here, set on values which roughly represent the waves on BTC-e's chart.
My intention was to build a trading bot without being influenced by other similar software, so I can make sure that I'm implementing the core exactly in a way I would do it. For that reason, I haven't looked any deeper into existing trading bots.

It already has quite some logic: it determines the volume to check if a price target is realistic to reach, plus it checks the waves/price movement in the past time. For now (remember, the bot is only running since 08/30), I think I have found quite a good way to set price targets. It has already caught some near-tops and near-bottoms.

Because of the way it is built, it has kind of a built-in loss protection. Or, it depends on what you regard as a loss: if you're okay with accumulating BTC, the worst thing that can happen is that the bot buys BTC higher than necessary if a downtrend occurs (but never above the last sell price!). In such situations, users get an email (additionally to the mail after executed trades) which informs them that the bot hasn't made any trades since xx hours.
In that case, you're likely to have more BTC in your account due to previous trades.

The other scenario would be that an uptrend starts. Then, the bot would have sold at its target (determined by the last trade's price) and doesn't find a reentry. Then, the user (currently only me, heh) also gets an email notification. The bot does not reenter the market at a higher price, so in that case, you have maybe sold earlier than necessary, but increased your USD holdings anyway.

The bot works best when the price is moving more or less sideways. It rides the waves up and down, and when it loses track, the user has to decide if/when to reenter the market. Best would be to wait until a certain price level has established.

This.
I think many people confuse blockchain.info for "being the blockchain", or being something like "the CEO of Bitcoin" ^^
It's just a service provider in Bitcoin realms. Although a major one, but as its main purpose is providing wallets and insight into Bitcoin blocks, transaction, wasllets, I don't think it's that important on the financial side to actually have any impact on the Bitcoin price.

This might change if any big exchange does have maintenance times, because there, the money of users is directly involved and fear of them running off with the money spreads quickly.

Nothing, yet?

Okay, I'll start by posting what my bot currently makes. It's running since several days now, and I wonder if a constant profit of 1% a day can be achieved over a long period of time.
Today, I saw that it already created almost 4% of profit in the last 24 hours. I guess it just had a good day.


.edit:
The bot can be seen trading publicly on my website (account needed): http://bitshit.shice.info/bitshit.frontend/standard/btcewalltrader

Hey guys,

simple and short question: does anyone here have any longer termed experience regarding the profitability of trading bots?
I am currently coding one, and I have it returning around 1% per day, since it runs (only a couple of days - since August 30th). And I calculated this up and came to the conclusion that trading bots might be profitable over the long run, even if they only return a small percentage of gains per day.

I am aware of the fact that this is depending on a set of factors, such as strategies used, coding of the bot and even the user who has the bot running.

Maybe we can get a discussion here about:

• if there actually are users who have long term experience running a certain bot (let's say several months and more)
• what strategies their bots are using
• how much profit (percentage values are fine) you gained
• what volumes do you trade (if you mind talking about that)

Many bots are for sale on the forums, and you can read endless descriptions of the bots. But what I'm lacking a bit is the long term experience. We don't need to discuss specific bots here, I think, because at the end of the day, everybody has to do his own due diligence.

The website is a pain to look at.
If you want users to trust you with their money, you should invest in a website. This really looks like 5 minutes work with the WYSIWYG editor of Dreamweaver.

In an online world, your website is your poster child, and everyone who has at least little experience with the internet in general will get the feeling that someone who makes such a website has no clue about how to secure his funds.

I wouldn't go as far as calling scam, but I'd really recommend reconsidering if you a) want to do this kind of business (hackers will be a regular issue to deal with) and b) if you're capable of that.

Another live set I'm listening to, right now. From the guy who also made the previous set.
That was on my 33rd birthday when he played this set in a local club in Freiburg/Germany. What a great party. Makes memories come back!

https://soundcloud.com/patrick-wieland/20150328-patrick-wieland-camera-obscura-balzbambii-freiburg-rebuilt

It's not exactly a song, but a great electronic/techno set a very good friend of mine (local DJ in Freiburg/Germany) has made: https://soundcloud.com/patrick-wieland/legotechnik-patrick-wieland-techno-visuelle-kunst-white-rabbit-150514

Agreed. I also had 2-3 removed posts in threads, and I thought that nothing was wrong with them. Sometimes, it's just to keep the threads clean and posts are removed for that reason.

If things continue like until now, the amount should be reached by tomorrow.
Of course, nobody can say this for sure, but I'm optimistic.

Just got paid from today morning's deposit and deposited again.

jQuery has plenty of pagination plugins, just look here: https://plugins.jquery.com/tag/pagination/

What kind of thing do you have with me and weakening the trust system?
I suggest stopping that stereotyped thinking and reading my posts again; if you still don't understand what I'm saying, I'll be happy to explain to you what I'm talking about. And what sarcasm is, too.

30 is too small. That way, I wouldn't be able to check the state/position of my last deposit.
I'd implement a simple pager which shows 50 items per page. Would that be a good idea?

At some time, sure.
After my very first deposit, I was waiting for around 1 week (not exactly sure, but somewhere in that range). But that was also due to the website being lost. After the new website came online, my payouts came pretty quickly. I have only invested 0.02 BTC, because I thought, hell, if it's gone, it's gone.
This morning, I have made my 5th or 6th deposit, which will be paid, soon. Those 0.02 BTC have turned into 0.07+ after the next payout. After that, I think I will start putting aside my initial investment (not that it mattered, but I like the general idea of protecting me against losses, so everything beyond that are essentially free rolls) plus a bit after each deposit/return.

I think, if people don't overdo it and play Ponzis just for fun with small amounts, they can actually be fun. That's what it should be: fun, no additional income.

First off, I'm a person trying to build my opinion based on logic. And I'm able to reconsider if reasonable arguments (those beyond "you are ridiculous" - hilariousandco, you would do me a big favor if you restrain from bringing the discussion down to this level) are brought to the table. I consider this a good property.

Well, one thing I obviously did not think through might be the fact that if only those who were involved in the trades gave negative feedback, his overall feedback would still be green, giving a wrong impression to potential trade partners. hilariousandco pointet that out already, I think.
Nevertheless the system, as it is, leaves margin for errors and abuse (who is to decide whom to trust, whom to mark as scammer etc?), but I think at the end of the day, there is no such thing as a perfect implementation of a trust system, and best which can be done is to make it as good as possible and keep good track of who is being trusted.

There were already some threads of users who felt treated wrongly. I read their stories and came to the conclusion that in some cases, the negative reputation was unjustified. I hope that I don't have to go searching for those threads, as I only sporadically read the BCT forums over a long period of time, and I'm not sure if I could find them.
But there we are again at the point of no system being perfect. As I cannot come up with a better solution, it might probably be best to stick with "sometimes, it fails, but in many cases, it is helpful".

While it still feels somewhat wrong to me when people not involved in any trades make feedback about the users involved in said trades, I understand your point that in my version, he'd still have green feedback, giving a false impression about his trustworthiness.
As the idea of this forum is to let things regulate themselves as much as possible, I should maybe think of those giving feedback in such cases being part of the self-regulatory system.

Even though I'm not exactly new to this board, I consider this a compliment. :*

Woah, total deposits increased from 3 to 12 BTC! 

…and again. Received and re-invested. 
Really seems things are quicker than before, now.