margin terminal is now FREE - bots for over 30 exchanges

[leonArdo@margin]

Edit: As a leonArdo customer you will also be entitled to a 50% discount on all future margin terminal subscription payments. The offer will kick in if you sign up for a subscription within a month of your free period ending.

Too bad we couldn't stay on with free lifetime subscription and only charge subscription fees to new customers, but I understand the subscription fee might become inaccessible in that case. I'm not unhappy with $15/mo for the standard plan (with discount), I just hope it doesn't go up later.

Do we have to keep a continuous subscription for the 50% discount? Can I pay for one month subscription, take a 1 year break, and still pay the discounted rate when I come back?

Good question. The discount is associated with your account so once you sign up initially within a month this feature is activated. A break is then possible without penalties.

Best wishes,
Jonathan

[yhbae]

Guys, majority of software developers are switching to the subscription model. I don't know anyone who switched are giving away unlimited subscription to existing customers.

I do not think you are correct. Majority of soft is under lifetime licence. Even Microsoft. The subscribtion model is used largely by  those who need to add changes on every day bases, like antivirus products, where virus signuatures must be updated day-by-day. Leonardo is not such kind of product. It is just good terminal for traders  , nothing more, as modern bots available on market  are using AI and far ahead of Leonardo's bots

I would suggest to leave lifetime licence but increase the price for one instance (market) , say by 10 times for new customers and/or new instances( market/s) for old customers

Not all software, but many of them. I never needed subscription model for Adobe Lightroom but they forced it. Same for MS Office suits (kinda forced me to switch to Google docs at the end). I can name couple more but I guess that's pointless. All software need updates to keep up with new features and bug fixes - that require $$.

If Leonardo is a mature product that froze any new features, then I understand. But I can see that it is a rapidly developing product, at least for now.

Also, Leonardo appears to be initially developed as a terminal app, trying to expand towards scopes of bots. It's not quite there yet (I am currently using both Leonardo and Profit Trailer). But even the developers have admitted that this is the case and they intend to work on this. IMO, Leonardo is a nice product to use in conjunction with other bots to "debug" parameters for the bots. With the market fluctuation, I find that it is hard to figure out the right parameters for the bots without visualizing what it is doing. I would love to see Leonardo integrate more sophisticated bot features built in so that I can visually confirm all the moves made by the bots. I would call it a bot IDE/debugger.

In terms of complexity of development, I can't really say Leonardo is any easier (less effort?) product to develop than bots. But I agree, most of the bots out there are more sophisticated at the moment.

Again, my 2c.

[CTShaman]

I really like the spot buy and sell available with the Bollinger Band strategy. Unless the pair is actually purchased your funds remain available for other strategies. Until I set them up for myself I was unaware how many times I could leverage the available funds because of spot buys. Probably getting better coverage on Binance with 1/3 the funding using Bollinger Band than I am mArgin maker on Bittrex. It wasn't until the last pair I setup that I used the strategy copy function, geeze. Actually got to see the red (!) when adding pairs (about three hours ago). So much fun so little time!  Now if we could only get a slight undulation in the market.

[Dasani]

Hey guys, what does avoid order replacement [%] mean? Don't get it at all... 

[CTShaman]

Hey guys, what does avoid order replacement [%] mean? Don't get it at all... 

With mArgin maker the bot can adjust the amount of the current order. If the order is outside the margin line and the percentages is greater than what you have filled in (default .1%) the order will be canceled and replaced provided there are enough funds.

[conspirosphere.tk]

Good question. The discount is associated with your account so once you sign up initially within a month this feature is activated. A break is then possible without penalties.

Best wishes,
Jonathan

How to subscribe to the new offer with discount?
On the website there is still the old offer.

[thijskrijs]

Hello, i understand why you guys have to change the payment method. It is not something I like, but it is understandable since you guys have to grow and still make money. I got a few questions:

- can you pay for 1 month? Or does it have to be a year, and if so do you have to pay for a full year? Since i only invest small amounts of money and if i have to pay 180 a year i wouldn't like that.

- will you guys make a stoploss setting for just the manual sell orders? I think that would be very helpful.


Thijs

[Dasani]

Hey guys, what does avoid order replacement [%] mean? Don't get it at all... 

With mArgin maker the bot can adjust the amount of the current order. If the order is outside the margin line and the percentages is greater than what you have filled in (default .1%) the order will be canceled and replaced provided there are enough funds.

khm... thank u for the answer, but I don't get it... which order will be cancelled? Sell or Buy? Isn't it what Min. effective gain does?

[nthnode404]

I wish I kept my Bitcoin instead of buying this bot. I would have made more money in the long term just holding BTC instead of now having to pay more for monthly subscriptions! I'm not going to put any more money into this. It was also difficult to learn without clear step by step tutorials on how to get started and see it making a profit.

[Dasani]

I wish I kept my Bitcoin instead of buying this bot. I would have made more money in the long term just holding BTC instead of now having to pay more for monthly subscriptions! I'm not going to put any more money into this. It was also difficult to learn without clear step by step tutorials on how to get started and see it making a profit.

Would you mind to share your strategy for trading in profit? Cause so far I am in minus.

[biege]

Will you make big updates on Leonardo before the change? I would like to have at least Fib retracement tool and Trailing Stop loss if possible. If you're kind enough to let us experience big updates on Leonardo before the transition we'd greatly appreciate it

Thanks Devs
P.S. Don't worry if I tend to earn enough with Leonardo then I'll consider the Subscription based model

[Amaralluis]

There is a problem with Leonardo and Bittrex.
I dont know whos to blame but the fact is that Leonardo stops communicating with Bittrex after awhile.

The only option is to restart Leonardo and with that take the risk that any running bots might stop altogether and have to be restarted...
The problem with that is that when bots are in sell mode and lose the eff min gain % setting which makes it unsuitable to be restarted because in a downtrend market like now means a loss sell guaranteed.\

[jproxer]

Hi,

can you please explain what is happening here? (Bollinger Band Bot)
https://ibb.co/cu3nLx

What is the difference between bid/ask and actual rate? Why the bot sets a lower price for sell than the current market price and a higher for buy?  Finally we have profit, but I'm trying to understand the concept..
I also noticed the same behavior in other pairs (always BB)..

I also include part of the log file:

Code:

INFO      @1519910977712 03/01 03:29:37 pm [bittrex:RDD/BTC] : order book updated
DEBUG     @1519910978024 03/01 03:29:38 pm [bittrex:RDD/BTC] : [Method:public/getorderbook (params: &type=buy) ] 
DEBUG     @1519910978087 03/01 03:29:38 pm [bittrex:db:RDD/BTC] : querying trade list
DEBUG     @1519910978228 03/01 03:29:38 pm [system] : heart is beating ...
DEBUG     @1519910978228 03/01 03:29:38 pm [bittrex:db:RDD/BTC] : received new trade list with 100 entries
DEBUG     @1519910978228 03/01 03:29:38 pm [bittrex:db:RDD/BTC] : simplifying data base
DEBUG     @1519910978399 03/01 03:29:38 pm [bittrex:db:RDD/BTC] : querying trade list
DEBUG     @1519910978555 03/01 03:29:38 pm [bittrex:db:RDD/BTC] : received new trade list with 100 entries
DEBUG     @1519910978555 03/01 03:29:38 pm [bittrex:db:RDD/BTC] : simplifying data base
DEBUG     @1519910978883 03/01 03:29:38 pm [bittrex:RDD/BTC] : received order book with 500 asks and 87 bids
IMPORTANT @1519910978883 03/01 03:29:38 pm [bittrex:RDD/BTC] : using order-book's lowest bid price: 0.00000001 BTC
IMPORTANT @1519910978883 03/01 03:29:38 pm [bittrex:RDD/BTC] : market restricts the minimum total of trades, so the lowest price possible must be estimated
IMPORTANT @1519910978883 03/01 03:29:38 pm [bittrex:RDD/BTC] : the computed 'low' price results in a too low trade total. Using higher price to not violate min-trade-total defined by the market
WARN      @1519910978883 03/01 03:29:38 pm [bittrex:RDD/BTC] : placing sell order: 2000 RDD @0.00000025 BTC
DEBUG     @1519910978883 03/01 03:29:38 pm [bittrex:RDD/BTC] : [Method:market/selllimit (params: &rate=0.00000025&quantity=2000) ] 
DEBUG     @1519910978900 03/01 03:29:38 pm [bittrex:RDD/BTC] : received order book
INFO      @1519910978900 03/01 03:29:38 pm [bittrex:RDD/BTC] : order book updated
DEBUG     @1519910979228 03/01 03:29:39 pm [system] : heart is beating ...
DEBUG     @1519910980227 03/01 03:29:40 pm [system] : heart is beating ...
DEBUG     @1519910980243 03/01 03:29:40 pm [bittrex] : [Method:account/getorder (params: uuid=c22bbc2e-0255-436b-b90e-b58728f1a75f) ] 
INFO      @1519910980618 03/01 03:29:40 pm [bittrex:RDD/BTC] : order went through directly
DEBUG     @1519910981227 03/01 03:29:41 pm [system] : heart is beating ...
DEBUG     @1519910981618 03/01 03:29:41 pm [bittrex:RDD/BTC] : using order-to-trade-association to get infor about the order's completion state
DEBUG     @1519910981618 03/01 03:29:41 pm [bittrex:RDD/BTC] : getOrderCompletionInfo: order: id: 338 amount: 2000
DEBUG     @1519910981618 03/01 03:29:41 pm [bittrex:RDD/BTC] : [Method:account/getorderhistory (params: ) ] 
DEBUG     @1519910981868 03/01 03:29:41 pm [bittrex] : [Method:account/getorder (params: uuid=c22bbc2e-0255-436b-b90e-b58728f1a75f) ] 
DEBUG     @1519910982180 03/01 03:29:42 pm [bittrex:RDD/BTC] : [Method:market/getopenorders (params: ) ] 
DEBUG     @1519910982227 03/01 03:29:42 pm [system] : heart is beating ...
DEBUG     @1519910982493 03/01 03:29:42 pm [bittrex:RDD/BTC] : matched trades num: 1 sum: 2000
INFO      @1519910982493 03/01 03:29:42 pm [bittrex:RDD/BTC] : found all associated trades with order 338 (order is filled)
DEBUG     @1519910982493 03/01 03:29:42 pm [bittrex] : [Method:account/getbalances (params: ) ] 
DEBUG     @1519910982493 03/01 03:29:42 pm [bittrex:RDD/BTC] : received 4 completed orders

Thanks!

[CTShaman]

BTC has been on the rise since 7:30 last night, I am wondering if it is the market or just the full moon effect? Tuning Bollinger Band for the Forex market seems to work better, there should be a book written called "Standard Deviation 3 can be your friend!" 

[gregvc]

I do NOT recommend anyone to buy anything from this developer.

I bought the unlimited edition just a couple of weeks ago FOR 249 USD (my decision was based on their false claims) and all I can have now is just 6 month of supported product. I mean... seriously?

Yes maybe "lifetime support" doesn't literally mean lifetime, but when I invested I chose this product and paid for it based on that information - to get at least 1, maybe 2-3 years of supported product.

What I've got instead, is 6 month of supported product for $249. Integrity? Anyone? You do what, when and how you want and that's ok for you. What you promised just a couple weeks ago is now... well, not valid. You guys lied to me. 

[allyrbase]

Of the 7 permitted exchanges, although I've added 1 API key, I have yet to use my paid version of LeonArdo; since it appears to be hit and miss specifically on that exchange. Meanwhile, I've been paper trading while waiting for improvements to come to fruition. What I paid for and what I got are far below expectation (and I'm not alone). This app is clearly useless to me in its current state... as such I am formerly requesting a refund. 

[drrelik]

Hey Jonathan,

Please let us know if this change/switch to margin will be taking place in the next day or two.

I'm interested in purchasing leonArdo but would only want to do so knowing that I can receive the 50% discount on the continued subscription after the free trail. However I would like to look at it tomorrow in detail before making a decision and just want to get a better idea of how soon the launch will be taking place.

Thanks!

[KDoge]

I do NOT recommend anyone to buy anything from this developer.

I bought the unlimited edition just a couple of weeks ago FOR 249 USD (my decision was based on their false claims) and all I can have now is just 6 month of supported product. I mean... seriously?

Yes maybe "lifetime support" doesn't literally mean lifetime, but when I invested I chose this product and paid for it based on that information - to get at least 1, maybe 2-3 years of supported product.

What I've got instead, is 6 month of supported product for $249. Integrity? Anyone? You do what, when and how you want and that's ok for you. What you promised just a couple weeks ago is now... well, not valid. You guys lied to me. 

I've been reading some of the complaints for a while since the re branding news was announced.  I will say that it is amazing how many people lack basic reading comprehension skills.  Leonardo is not going away.  You will still be able to use it.  They may not continue to release software updates for it, but that is ok, that wasn't what you payed for.

If you bothered to go back ONE page, you would have noticed that Jonathan said that customer support would still be available.  I will link you to the post, since you are obviously lazy.
https://bitcointalk.org/index.php?topic=1467939.msg31263126#msg31263126

[KDoge]

I sent them this email 4 days ago and they don't even bother to reply to me.
So I decided to post it here to let you guys know...
=============================================================

I just read that Leonardo will no longer be supported and you will
change your company name. I must confess that it does not make me feel
very happy and a bit foolish.

You should know that I made the decision to buy your software was for 2 reasons:
1) It was not necessary to pay monthly for support.
2) I expected several features to be added, as you promised me by email.

Try to empathize with the company.  Their old business model was not financially sustainable in the long run.  At some point, they would need to either have their employees work pro-bono, or shut down altogether.  If they continued to go down this road, then you would not get updates anyways, because rolling out updates is a full-time job, and would require some kind of compensation.  The old model relied on new users coming in.  Once they stop receiving new users, they stop receiving funds to pay employees.

In both cases, this is not going to happen as I expected. I've read
your answers on the support forum and your attitude towards your
existing customers doesn't seem to be appropriate.

I think they handled everything correctly.  I think many of the customers don't care about reading concerns from other customers, so staff members get annoyed by constantly having to repeat themselves.  It's understandable.

Before I even bought your software, I asked many questions about the
future development of the software. Your team seemed to be in complete
agreement with my feature requests and let me believe that they were
on the roadmap. As I mentioned in a previous email, I still don't use
my license because I was waiting for my applications to arrive one
day, which will never happen. I bought a license to encourage you in
Leonardo's development!

It's great that you are trying to offer them features to implement.  But understand, that, it takes time and money to implement those requests.  Should Margin staff make updates, and not receive compensation?  Companies who cannot sustain themselves financially end up collapsing.  I don't think that is beneficial to anyone.

Suddenly changing your business model from a single cost to a monthly
cost shouldn't impact your existing customers in any way. Having
bought Leonardo, I trusted you and I thought I could use this tool for
at least 5 years! Please stop saying that we will be able to use the
old software until the end of time, it is totally absurd because we
are dependent and at the mercy of API updates from trading platforms.
Please, at least don't take us for fools.

They gave a more than two week notice, which is more than enough.  How does this harm any user in any way?  If you want to upgrade, great!  If not, you will continue to be able to use Leonardo, as it has always been.  You honestly probably will not notice any difference, had they not made an announcement.

That said, I appreciate that you will offer 50% to all existing
customers even if this decision was not initially considered. Although
I can understand that the support and improvement of a software
requires sufficient financial resources, this discount is not enough
and your customers have let you know on the forum. Your hero badge
story is felt like a joke and unnecessary.

Now I think you are just being greedy.  $25 a month for the standard plan is very inexpensive.  Since you are a hero member, you get 50% off of that.  The discount is more than enough.  I kindly request of you to not be so selfish.  You are not forced to commit to the subscriptions.

Please revise your strategy before it is too late and trust is
completely broken. I still believe in your product and your team.

An existing customer.

The decision to rebrand was probably well-thought out.  They even will release a new website.  I don't think these things happen overnight.  Jonathan is a very intelligent person.  I'd say he probably understands his companies needs better than anyone.  Let them run their company the way they see fit.  I understand that this re-branding is not for everybody, and that is fine.  You can never please everybody.
=============================================================

[gregvc]

Well, those who think "customer support" is enough are naive. As one of other members correctly pointed, we're dependent on API changes and the product won't last long. By supported product I mean product which works because developers support it.

I'm sure many of the current users decided to buy the product based on the wording "Lifetime License".

Change of business model is not in question and is totally understandable.

What is in question is how these folks treat their current loyal users. And if today it's not you who has regrets because of how you're treated, just wait and you'll be... some day. It is about integrity and loyalty.


My best friend is a developer too (mobile apps not related to crypto) and when they changed their business model from one-time payment to subscription they just marked those users who bought previously as "paid" in their database, that's it. Yes they lacked some immediate earnings but they earned users trust, referrals and recommendations.