goxtool bot: portfolio rebalancing

[whizter]

Is the bot currently broken? I only get "identification required to access private API". I didn't change anything, it just doesn't work anymore.

[prof7bit]

Is the bot currently broken? I only get "identification required to access private API". I didn't change anything, it just doesn't work anymore.

MtGox http api is broken again. As a woraround leave away the --use-http option (or if you have set it in yor ini then temporarily use the --no-http option) until they have fixed it again.

[K1773R]

Is the bot currently broken? I only get "identification required to access private API". I didn't change anything, it just doesn't work anymore.

MtGox http api is broken again. As a woraround leave away the --use-http option (or if you have set it in yor ini then temporarily use the --no-http option) until they have fixed it again.

for me its working even with --use-http

[prof7bit]

for me its working even with --use-http

Tnen cloudflare (or whatever anycasting web-proxy network they are using) must be messing it up. I'm located in Germany (Arcor / Vodafone).

[ghostshirt]

Is the bot currently broken? I only get "identification required to access private API". I didn't change anything, it just doesn't work anymore.

I was getting the same error with use_ssl=False, I switched it to True, now it's working again.

[prof7bit]

I was getting the same error with use_ssl=False, I switched it to True, now it's working again.

Yes, I can confirm this.

I just tried it and https API does not produce this error. So the workaround (or solution) is now to set use_ssl=True in the ini file and then --use-http will work again as before. Seems their anti-ddos web cache proxies have gone mad.

[dwolfman]

Not sure why, but I keep having to set the percentage higher to keep this from cycling endlessly selling and buying, as much as two or three times a second!

I've set it for 23%, which seems ok for now.

Any idea why?  Is it due to the price being pretty volatile right now, since it seems they just came off another DDOS attack?

[prof7bit]

Not sure why, but I keep having to set the percentage higher to keep this from cycling endlessly selling and buying, as much as two or three times a second!

How much money do you have in your account, how big are the orders it generates?

[dwolfman]

It's not much.  About 0.036 BTC and $5.44.  It's been generating 0.01 buy/sell amounts.

Since I don't have much, I'm just "playing around" with it for now.  If I can ever get my cash out of Bitfloor, I'll likely put that back into BTC and add that in so that I'll have a bit more to work with.  I'd have between 0.75 and 1 BTC once I can do that.

[K1773R]

It's not much.  About 0.036 BTC and $5.44.  It's been generating 0.01 buy/sell amounts.

Since I don't have much, I'm just "playing around" with it for now.  If I can ever get my cash out of Bitfloor, I'll likely put that back into BTC and add that in so that I'll have a bit more to work with.  I'd have between 0.75 and 1 BTC once I can do that.

with so few u waste your BTC @ fees. id say atleast 100$+

[prof7bit]

It's not much.  About 0.036 BTC and $5.44.  It's been generating 0.01 buy/sell amounts.

This is not enough. 0.01 is the minimum order size at mtgox, the bot will adjust the order size to reach at least 0.01 and this is just too much for such a small account.

[dwolfman]

Well, at least with a larger % it doesn't go buy/sell crazy.  I'm adding about .016 BTC a day from my mining rigs (just some slower GPUs I happen to have, about 280 MH/s worth).

So about $100 worth would be a good start, as someone else mentioned?  Eventually I'll be able to get to about that amount, if Bitfloor ever gives me back my $. 

I'm going to leave it running as is, since I'm just doing this for fun right now.

And it just started going nuts with orders again, so I upped it to 30%.

[K1773R]

Well, at least with a larger % it doesn't go buy/sell crazy.  I'm adding about .016 BTC a day from my mining rigs (just some slower GPUs I happen to have, about 280 MH/s worth).

So about $100 worth would be a good start, as someone else mentioned?  Eventually I'll be able to get to about that amount, if Bitfloor ever gives me back my $. 

I'm going to leave it running as is, since I'm just doing this for fun right now.

And it just started going nuts with orders again, so I upped it to 30%.

you wont make money, you will give your money to mtgox in form of fees...

[prof7bit]

So about $100 worth would be a good start, as someone else mentioned?

$100 is still not enough, thats not worth the electricity running the computer. It starts with $5000 or $10000 and it becomes interesting with $100k or $500k (one can modify the code to add offsets to the account balance, so only the absolutely needed money must be in MtGox and the rest can be stored in safer places, maybe I could post this modification, I'm using it myself)

[dwolfman]

Well, it doesn't really matter now.  After seeing the postings on the forum about the court ordered Mt Gox account seizure from Dwolla, I've decided I'm not going to get stuck again like at Bitfloor.  Moved everything off of Gox for now, and won't be running this bot any more.

I imagine things will start going badly for Gox soon, since they have that lawsuit going on and now this seizure as well.

Sure would be nice if goxtool supported other exchanges, like Camp BX for example.  That's about the only place left that doesn't have some stupid fees for withdrawing even bitcoins out (BTC-e charges .01 to withdraw, which hurts when you have a small amount like mine).

Guess it's time to dust off my programming skills and work on that bot I've been thinking about. 

[dwolfman]

$100 is still not enough, thats not worth the electricity running the computer.

Oh, I'm not worried about the electricity.  I was running it in a virtual machine on my home network server which is on 24/7 anyway.  So whether goxtool was running or not, and whether it was making any money either, didn't really matter to me. 

Now if I had more to work with in BTC/$, then I'd be worried about it. 

[bitmango]

So about $100 worth would be a good start, as someone else mentioned?

$100 is still not enough, thats not worth the electricity running the computer. It starts with $5000 or $10000 and it becomes interesting with $100k or $500k (one can modify the code to add offsets to the account balance, so only the absolutely needed money must be in MtGox and the rest can be stored in safer places, maybe I could post this modification, I'm using it myself)

I'd like to see how this works. Would you be willing to post?

[smooth]

I made the change myself as well and it is pretty (i.e. very) trivial. 

While I agree it is a good idea, and I don't really see any harm in posting it, I also kind of think that given the target audience being one where people are reading and understanding the code it shouldn't be necessary to post this.

There are a lot of ways to blow up your money with any trading bot if you don't really understand how it works.  Don't do that.

Hint: add the offline amounts to fiat_have and btc_have

[whizter]

So about $100 worth would be a good start, as someone else mentioned?

$100 is still not enough, thats not worth the electricity running the computer. It starts with $5000 or $10000 and it becomes interesting with $100k or $500k (one can modify the code to add offsets to the account balance, so only the absolutely needed money must be in MtGox and the rest can be stored in safer places, maybe I could post this modification, I'm using it myself)

I'm very interested in a version with this feature.

[prof7bit]

I have pushed that change to the gist (please test it to make sure it still works, I had to clean up my code and remove some other experimantal stuff from my own version before committing)

there are now 2 new variables:

Code:

FIAT_COLD   = 0     # Amount of Fiat stored at home but included in calculations
COIN_COLD   = 0     # Amount of Coin stored at home but included in calculations

If all your money is at mtgox then these must be both 0. If you want to pretend you have more money than what is in the mtgox account then simply add non-zero positive numbers here.

Example: You own 42฿ and want to run the strategy with all of them but you only want to put 20฿ into MtGox and keep the other 22฿ at home. Then you just set COIN_COLD = 22 and the bot will include your cold coins in all calculations (which means the order sizes will be larger). You can do the same also with USD you don't want to store too many USD at the exchange all the time.

Note that when doing this it might easily run out of coins or USD if price moves too far in one direction. In this case you have to cancel all orders (press "c"), (also press "i" and write down the current imbalance for later comparison), stop the bot, then send enough of the cold funds to MtGox (and maybe also withdraw some from the other side if it has become too much), then adjust FIAT_COLD and COIN_COLD to reflect the new situation, wait for your funds to arrive in your account, start the bot again: First press "i" and compare the numbers to make sure the bot calculations are still correct (if not then try to figure out your mistake and fix it, if its as expected then restart the bot), if it is too far out of balance rebalance with "b", otherwise just start it again with "p".