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In reading this thread we've seen a few people who don't know what Ripple is, nor how it is different.
With Ripple you are trusting other people to pay you back. That is "Promise to pay the bearer" as printed on GBP notes and specifically advised against as a bad idea in the bible. It's an IOU but unlike a Hawala notebook it's digital. Howeverm here's the interesting bit: you can infer trust to someone you don't know via someone else. Thus, if there's someone on the forum yoiu don't know you might be able to get trust via that someone else.
This is good when people are paying their debts but if it goes wrong the debt default Ripple goes through the entire system.
The other good thing is that Ripple facilitates setting up an exchange through the gateways. However, it's not as easy for the average user IMHO.
Finally, the whole thing is glued together with XRP and that is dodgy.
Scam or not, you must at least be aware of all this stuff!
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You can always manually send them after the arbitrage.
Yes of course, that's what I'd like to envisage... but how would you best do that t for a EUR/RUR buy signal? - and also bearing in mind getting funds to the various exchanges is often a problem too (btc-e?) |
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Let's say we have the message:
"Arbitrage Engine has detected an after fee profit opportunity of 123.15897301% on currency pair RUR/EUR on BTC-e"
How would one take best advantage of that?
Arbitrage code in develop branch is very much experimental and the message is not true. As part of testing I hardcoded a very high profit percentage to make sure a trade would take place regardless of the true value. No worries, I'm not trading live (actually opened some empty new accounts just for testing). I do love it though, gives me some satisfaction seeing saying something even if it does give a worrying counter to another trade strategy elsewhere... Couldn't see that hard coding commented in: https://github.com/aido/AidoATP/blob/master/src/main/java/org/aido/atp/ArbitrageEngine.javabut then I don't do java and I could have missed it. My question though, and this was aimed more at the traders here rather than programmers was more about how to trade manually to take advantage of an arbitrage situation in general and that was meant as an example primarily. I see a scenario earlier in this thread but the person is using the example of 2 people who are friends and trust each other. One way I can see if we have a signal for RUR/USD would be to go to a forex broker and click buy on that. But really for arb I was thinking more about Bitcoin and then it gets complicated with transaction delays and costs in for example sending USD from Bitstamp to USD. Of course, http://bitcoin-analytics.com/ does alot of it for us... but for a fee. There are also other arb bots... but I don't see how they work without sending funds from one exchange to the other |
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Also, which USB adapter for a raspberryPI USB HDD? Not all support turning off/spinning down with hdparm and so will overheat
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Let's say we have the message: "Arbitrage Engine has detected an after fee profit opportunity of 123.15897301% on currency pair RUR/EUR on BTC-e" How would one take best advantage of that? The other messages are interesting in that they conflict  2013-07-12 12:27:51,200 : MtGox Advance/Decline Spread algorithm has determined that the USD market is trending down.
2013-07-12 12:27:51,201 : MtGox VWAP Cross algorithm has determined that the USD market is trending flat.
2013-07-12 12:27:51,208 : MtGox Trend following trading agent has decided no USD action will be taken at this time.
ah, a nonce in the works! 2013-07-12 12:32:12,137 : Arbitrage could not trade with a balance of RUR 0 on BTC-e
2013-07-12 12:32:12,257 : ERROR: Caught unexpected exception, shutting down BTC-e trend following trading agent now!. Details are listed below.
com.xeiam.xchange.ExchangeException: BTCE returned an error: invalid nonce parameter; 66521328 66521328
at com.xeiam.xchange.btce.service.polling.BTCEBasePollingService.checkResult(BTCEBasePollingService.java:71)
at com.xeiam.xchange.btce.service.polling.BTCEPollingAccountService.getAccountInfo(BTCEPollingAccountService.java:53)
at org.aido.atp.AccountManager.refreshAccounts(AccountManager.java:121)
at org.aido.atp.AccountManager.getBalance(AccountManager.java:105)
at org.aido.atp.TrendTradingAgent.evalBid(TrendTradingAgent.java:494)
at org.aido.atp.TrendTradingAgent.run(TrendTradingAgent.java:346)
at java.lang.Thread.run(Thread.java:722)
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Is it possible to rent access to a gaming rig via RDP or something similar?
I know you wouldn't get sound and they would be lag but DayZmod would be alright wouldn't it?
- and you could use Teamspeak on your own computer for voice comms.
Thoughts? Seems like a good alternative thing to do than mining and it would be useful for me to try out. Get in touch if you want to test it out and you're in the UK
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Thanks for your help. I've sent a ( tiny :/ ) tip as thanks. My idea was to run Gekko on 2 different servers, then if one goes down the other will be doing the same thing anyway as backup. It seems Raspberian O/S nodejs is out of date. Debian on the other hand required compiling nodejs but that wasn't too bad. Gentoo was more straightforward edit, found this: terminate called after throwing an instance of 'std::bad_alloc'
what(): std::bad_alloc on debian with compile nodejs, running again now, but wonder how to get more debug info |
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It worked before. Queer. I've been running it on a Raspberry Pi with Raspberian successfully... hmm, what's changed.... I had a external HDD fail but that wasn't the O/S and just data... did a reset... perhaps I had upgraded something which wasn't active until reboot... npm ERR! Error: No compatible version found: mtgox-apiv2@'>=1.0.0- <1.1.0-'
npm ERR! No valid targets found.
npm ERR! Perhaps not compatible with your version of node?
npm ERR! at installTargetsError (/usr/share/npm/lib/cache.js:488:10)
npm ERR! at next_ (/usr/share/npm/lib/cache.js:438:17)
npm ERR! at next (/usr/share/npm/lib/cache.js:415:44)
npm ERR! at /usr/share/npm/lib/cache.js:408:5
npm ERR! at saved (/usr/share/npm/lib/utils/npm-registry-client/get.js:147:7)
npm ERR! at Object.oncomplete (/usr/lib/nodejs/graceful-fs.js:230:7)
npm ERR! You may report this log at:
npm ERR! <http://bugs.debian.org/npm>
npm ERR! or use
npm ERR! reportbug --attach /home/pi/src/gekko/npm-debug.log npm
npm ERR!
npm ERR! System Linux 3.6.11+
npm ERR! command "/usr/bin/nodejs" "/usr/bin/npm" "install"
npm ERR! cwd /home/pi/src/gekko
npm ERR! node -v v0.6.19
npm ERR! npm -v 1.1.4
npm ERR! message No compatible version found: mtgox-apiv2@'>=1.0.0- <1.1.0-'
npm ERR! message No valid targets found.
npm ERR! message Perhaps not compatible with your version of node?
I would guess that using npm -v 1.1.4 with mtgox-apiv2 would probably be ok... just searching for a way to bypass... recovered node_modules dir from broken HDD and just copied this over, now working...) In the mean-time I'll try using a debian box to test as well... now compiling nodejs... ( https://sekati.com/etc/install-nodejs-on-debian-squeeze ) ...perhaps run 2 lots of gekko at the same time as a backup - if one already trades then the other will just be doubling up on it anyway |
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module.js:337
throw new Error("Cannot find module '" + request + "'");
^
Error: Cannot find module 'moment'
at Function._resolveFilename (module.js:337:11)
at Function._load (module.js:279:25)
at Module.require (module.js:359:17)
at require (module.js:375:17)
at Object.<anonymous> (/home/pi/src/gekko/gekko.js:20:14)
at Module._compile (module.js:446:26)
at Object..js (module.js:464:10)
at Module.load (module.js:353:32)
at Function._load (module.js:311:12)
at Array.0 (module.js:484:10)
$ ls -R
.:
config.js docs exchanges gekko.js logger.js log.js mailer.js methods package.json portfolioManager.js README.md util.js
./docs:
Advanced_features.md Backtesting.md Configuring_gekko.md Exchanges.md installing_gekko_on_windows.md Known_problems.md
./exchanges:
bitcoincharts.js bitstamp.js btce.js mtgox.js
./methods:
exponential-moving-averages.js historical-candle-fetcher.js realtime-candle-fetcher.js (following fresh git checkout) Any ideas? |
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ah the bot gave me a buy advice around $71 finally.
Basically what's happening is that I only get output when there is a change in advice when I was expecting each hour to say something like "No change detected, advising to HOLD"
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With backtesting on this I found 0.80/0.80 was better... thus perhaps best to change the gekko config file to: " sellTreshold: -0.80, buyTreshold: 0.80 " ? Note that Gekko is a very technical tool, if you are having a lot of trouble with editing configuration files and watching the command line instead of a screen with a graph I recommand you to check out these similar projects. They are more focused on a user friendly tool. Those who are experiencing problems with installing tools mentioned above, may also try http://CryptoTrader.org - web-based scripting platform that allows to run your own trading algorithms on historical mtgox data very easily. For details, check out this comment https://bitcointalk.org/index.php?topic=222696.msg2668832#msg2668832 |
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There is no set price to buy and sell at - it's does it based on the EMA rate let me know if it works! Did you see this document? Anyway here is how you can configure Gekko to auto trade on BTC-e: config.normal = {
enabled: true,
exchange: 'BTCe', // 'MtGox', 'BTCe' or 'Bitstamp'
currency: 'USD',
asset: 'BTC',
tradingEnabled: true,
key: 'your API key',
secret: 'your API secret',
}The API key and secret can be generated on the profile page on btce. Gekko only need trade rights. I'm off to bed now.Wait where do I set the trade I'm trying for a different coin not btc I think I just set it to the coin I want but than where do I put the price I want to buy and sell at |
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Some films are pretty good but they seem to get the timing just right and articulate what people are thinking about at just the right moment. Sometimes with art if it's balanced just right such that it's open to interpretation it can be like the film was written especially for you.
Fight Club.
Day of the Dead (I found it very funny for some reason)
Films of the style Moon, Shawshank, Green Mile all safe bets but I really like it when a film is more specific on something rather than a big impact on something everybody reacts to.
Thank you for the Japanese films FirstAscent. Seems you have a greater appreciation for Direction than I but there's a few to look at there so will have to check them out. I guess you liked OldBoy...?
Amazed there's no Anime mentioned yet. Would expect Akira, Castle in the Sky. But then I'd also expect here to see Pan's Labyrinth & ...Dirty Dancing.... Greese....
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That's strange... I get no update after an hour (interval is 60 in config.js)... in fact I left it for a day and no update. It just checks the EMA once and then no more... but continues running. If I quit and rerun it does the same - gives one advice and then no more How do you know it's still working? I ran it, it gave one trade advice... and nothing else since...
By default it runs every hour. |
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How do you know it's still working? I ran it, it gave one trade advice... and nothing else since...
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Courage & certainty are said to be the things needed for trading, to cancel out fear. Needs to be real, not ego. Another case against ego. DMT off SR anyone?
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seems forward thinking - an idea for you - how's about automatic trade on receipt of funds?
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I have rich and I have been poor.
When I was rich I think I felt it didn't suit me. My ego said no.
It's like being with a very beautiful woman... and messing it up because you just don't feel worthy. That can happen.
If panic is coming on you might have to admit to partial sell to get to that level of trading that feels natural again. It takes a loss to find where that point is.
Before I lost a lot of money I had a gut feeling. I ignored it. It gave me about a months notice, that's quite a lot. Likewise I would guess you've had this feeling for a while.
Introspection to inner knowledge is not easy. You got to delete anything that gets in the way - logic, guilt, fear...
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I find tax declarations so confusing. I guess the truth is that I hate paperwork but really to go back through all the transactions one makes in a year and figure out a profit/loss for the whole thing is really forensic accounting.
Just think,
wages -> transferwise -> bitstamp -> BTC -> (BTC rate rises - taxable) another exchange -> another foreign account -> buy gold -> gold value drops -> sell the gold to the foreign account
Now imagine all that happening with different things, transactions flying everywhere. How the heck are you supposed to declare this kind of stuff to the tax man?
I guess the way is that any money you receive in fiat you should have your own accounting trail for. Just look at the money hitting your fiat bank accounts in order to simplify.
With this born in mind I'm going to plan any future transactions around this to keep things as simple as possible. It's not so much the nightmare of having to pay tax (since often we make losses too), but it's the beaurocratic nightmare of all the paperwork that's the worst. And if you think it's bad where you are, just try some poorer countries (poor in part because of such beaurocracy!... usually along with inflation too!)
This is why ID verification is Bitcoin's Achilles heel right now. The beauty of bitcoin is the lack of beaurocratic crud... but ID verification is just the start of this. We had gold years ago and that got eroded, there's no reason why Bitcoin won't be bastardised as well eventually.
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