Would like some "training"

[audricd]

Hello,

I got slowly into the eBusiness around a month ago. Like many people, Im here because its really hard to find a job and I turned to the interwebs in hope of a financial stability.

im aware the internet is not a magic money making machine, bitcoin is no exception.

But with dedication, time and good will, Im hoping to get something out of it. So for a few weeks Ive been mining with an AntMiner S1 and my two computers. And Id like to get started with trading. I just downloaded qt bitcoin trader (im running debian wheezy by the way) from its official website, im aware of bogus versions of it, and from this point, Id like advices.

Im well aware that people dont share theyre successful methods everybody would get rich at first then the market would go down. That, I know. I would just like to know the most basic formula (rule/script) for qtbitcointrader so I can see by myself how it works, and then, I would evolve my method by myself.

I already did two transactions, apparently like "If last price < ask price sell 10% of my BTC - 0.02% fee" (im on BTC-E right now) apparently I did that twice. I say apparently, because it doesnt show off neither my transactions tabs or my BTC-E trade history. It just shows on the console output of that rule in the program. Im guessing transactions takes time to show up? This must sound ridiculous but please be aware this is my very first time in trading. So far all I did was mining, Bitcoin Paid to Click websites and faucets. Theres quite a gap in between those worlds. But again if it was lag, they would show on the left side of the screen where it says "open orders", right?

Im not going any further by myself afraid of loosing the little amount of BTC i made so far.

Again, I know no one will give me their magic recipe, I just want a basic example for getting started then Ill adapt the formula myself.

Did some googling, all I could find that was interesting was a topic on this very same forum called "101 trading basics" and all it said pretty much was to not trade small values because it does no good for the market. Thats all I know so far.


Thanks in advance.

[Rannasha]

Make sure that your software is not in simulation-mode (or something with a similar name), where it only shows the trades it wants to make without actually making it. When properly set up, transactions should show up on the exchange immediately, either in open orders or in executed trades.

Generally though, I'd recommend learning the tricks of the trade first by trading manually before leaving it to an automated tool. That way you'll have a much better feel for which settings to use.

[audricd]

Make sure that your software is not in simulation-mode (or something with a similar name), where it only shows the trades it wants to make without actually making it. When properly set up, transactions should show up on the exchange immediately, either in open orders or in executed trades.

Generally though, I'd recommend learning the tricks of the trade first by trading manually before leaving it to an automated tool. That way you'll have a much better feel for which settings to use.

Thank you for the reply. Where is that simulation mode? The only options I seem to be able to see is changing the color palette with the sun/moon button and the ability to have the window always on top with the pin button right next to it.

[audricd]

I must be in that simulation mode because I cant sell or buy manually, with the functions at the bottom. No matter what I press, buy and sell buttons are disabled.

Ive check my API key and it has the right to trade, so thats not the issue.

[belk]

I would like some training sir.  Should I pay?

[audricd]

Well I contacted directly the software designer for answers. So heres for anyone whos in the same situation as me.

There is no such thing as simulation mode. As for now, at least. The thing is that I was trying to sell/buy less than 0,01 BTC. Its the minimum value for transaction so anything below that just wont work.

The basic rule for slow and steady profit is, and I quote the developer:

If My last sell price > last price - 1% - fee than buy ..
If My last buy price < last price + 1% + fee than sell ..
Enable current group again

Hope it helps.