(Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed)

[fible1]

Pablo can you pm me a 30day trial license? I signed up on your site and only received 1 week trial.

Hey ,
  We only offer 1 week trials, but you can run it for a couple of weeks by just downloading a new trial license, you are not limited to one; though if you use too many you might get blocked. But a couple of weeks should not be a problem.

Hope that helps.

Pablo.

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[Tyson95]

Any plans to make this work with Bitfinex?

Thanks!

[NginUS]

*************
About Updates
*************

It was discussed on the thread the other day that auto-updating might not be for everyone. I tend to agree for the reasons already discussed so future major upgrades will work like this:

-We will have a standard and stable release on the Chrome store (currently 2.5.1)

-If we were to release V3 tomorrow, that would be a separate extension on the Chrome store labeled something like "Butter-Bot Beta". Those who wish will be free to upgrade to the Beta and those who wish can wait a few weeks for the Beta (assuming all is well) to replace the current stable release.

I hope that works for everyone and settles concerns .

Pablo.

Does this mean those of us who have not yet received the bot update will need to first uninstall the last manually-installed version, then install the current version from the Google store in order to enable future use of automatic updates?

Is that the procedure  we're expected to follow to get the update since it never pushed out to us yet?

[roxollo]

*************
About Updates
*************

It was discussed on the thread the other day that auto-updating might not be for everyone. I tend to agree for the reasons already discussed so future major upgrades will work like this:

-We will have a standard and stable release on the Chrome store (currently 2.5.1)

-If we were to release V3 tomorrow, that would be a separate extension on the Chrome store labeled something like "Butter-Bot Beta". Those who wish will be free to upgrade to the Beta and those who wish can wait a few weeks for the Beta (assuming all is well) to replace the current stable release.

I hope that works for everyone and settles concerns .

Pablo.

Hi Pablo,

I ordered a butter-bot via paypal from you yesterday.  Haven't seen any information about license or anything.
:   
Butter Bot + 3 months subscription

Web Accept Payment Sent (Unique Transaction ID #30P70098MW989772R)


Thanks!

[Badonkadonk]

*************
About Updates
*************

It was discussed on the thread the other day that auto-updating might not be for everyone. I tend to agree for the reasons already discussed so future major upgrades will work like this:

-We will have a standard and stable release on the Chrome store (currently 2.5.1)

-If we were to release V3 tomorrow, that would be a separate extension on the Chrome store labeled something like "Butter-Bot Beta". Those who wish will be free to upgrade to the Beta and those who wish can wait a few weeks for the Beta (assuming all is well) to replace the current stable release.

I hope that works for everyone and settles concerns .

Pablo.

Hi Pablo,

I ordered a butter-bot via paypal from you yesterday.  Haven't seen any information about license or anything.
:   
Butter Bot + 3 months subscription

Web Accept Payment Sent (Unique Transaction ID #30P70098MW989772R)


Thanks!

check your spam folder

[Hanslo]

Is this a ok settings pr. today?


We reccomend the following starter settings for Mt. Gox:

Short EMA: 10 Long EMA: 21
Buy 1: 0 Buy 2: 0.25
Sell 1: 0 Sell 2: 0.25
2 hour time window.

The following settings are for Bitstamp and BTC-e:

Short EMA: 20 Long EMA: 42
Buy 1: 0 Buy 2: 0.15
Sell 1: 0 Sell 2: 0.1
30 minute time window.

[U1TRA_L0RD]

Pablo can you pm me a 30day trial license? I signed up on your site and only received 1 week trial.

Hey ,
  We only offer 1 week trials, but you can run it for a couple of weeks by just downloading a new trial license, you are not limited to one; though if you use too many you might get blocked. But a couple of weeks should not be a problem.

Hope that helps.

Pablo.

Can I get a link to where I can know what a trading bot is, Thanks.

[Hanslo]

Pablo can you pm me a 30day trial license? I signed up on your site and only received 1 week trial.

Hey ,
  We only offer 1 week trials, but you can run it for a couple of weeks by just downloading a new trial license, you are not limited to one; though if you use too many you might get blocked. But a couple of weeks should not be a problem.

Hope that helps.

Pablo.

Can I get a link to where I can know what a trading bot is, Thanks.

https://butter-bot.com/

[Sonatix]

I using this settings for BTC-E

Short EMA: 20 Long EMA: 30
Buy 1: 0 Buy 2: 0.1
Sell 1: 0 Sell 2: 0.15
30 minute time window
tick offset 20
(test show me - its best profit for 1week, 1 month, 3 month, 6 month, etc.)

Can any one explain to me why my bot buying BTC for 822$ and selling for 799$ >.>
Please.

EMA diff is at -0.938% (1 BTC = 839.99 USD) sell               14:39     08.01.13
EMA diff is at -0.42% (1 BTC = 818.242 USD) sell               20:31     08.01.13
EMA diff is at 0.048% (1 BTC = 829.998 USD) buy              02:51     09.01.13
EMA diff is at 0.106% (1 BTC = 822.574 USD) buy              03:51     09.01.13
EMA diff is at -0.033% (1 BTC = 800 USD) sell                   15:50     09.01.13
EMA diff is at -0.193% (1 BTC = 799 USD) sell                   16:50     09.01.13

[kireinaha]

I using this settings for BTC-E

Short EMA: 20 Long EMA: 30
Buy 1: 0 Buy 2: 0.1
Sell 1: 0 Sell 2: 0.15
30 minute time window
tick offset 20
(test show me - its best profit for 1week, 1 month, 3 month, 6 month, etc.)

Can any one explain to me why my bot buying BTC for 822$ and selling for 799$ >.>
Please.

EMA diff is at -0.938% (1 BTC = 839.99 USD) sell               14:39     08.01.13
EMA diff is at -0.42% (1 BTC = 818.242 USD) sell               20:31     08.01.13
EMA diff is at 0.048% (1 BTC = 829.998 USD) buy              02:51     09.01.13
EMA diff is at 0.106% (1 BTC = 822.574 USD) buy              03:51     09.01.13
EMA diff is at -0.033% (1 BTC = 800 USD) sell                   15:50     09.01.13
EMA diff is at -0.193% (1 BTC = 799 USD) sell                   16:50     09.01.13

Please read Gomboo's journal regarding EMA trading. https://bitcointalk.org/index.php?topic=60501.0

Basically your short and long EMA lines crossed, which triggered buys and sells. This should be expected given the market oscillations that have been occurring for the past couple days. Butter Bot is a long term trading bot, so you need to expect many of your buy/sells are going to be unprofitable in the short-term. Many pages have been written about this in the thread.

[Hanslo]

We reccomend the following starter settings for Mt. Gox:

Short EMA: 10 Long EMA: 21
Buy 1: 0 Buy 2: 0.25
Sell 1: 0 Sell 2: 0.25
2 hour time window.

[Sioux]

just found a setting that gives out 23,000% a year BUT it seems like you have to constantly adjust
the settings to make it match to the current market -  right?

Cuase when choosing the 23,000 settings on the last week month it doesnt look that bright...

I want to hear some real stories from butter bot users how long do you have it and what are your profits in BTC ?
Tell me

[tnkflx]

Is anybody else having issues with the new version? I copied all my settings, but it seems no ghraps are drawn?

In addition, is it normal that I don't see my licensing information anymore? (E-mail address etc?)

Hi TNK ,
  No, that's not normal. Please double check your license is entered correctly; email me at Pablo@Butter-Bot.com if this doesn't work and I will be happy to help you resolve this .

Pablo.

Seems to be ok now, guess I had to wait a bit

[rail233]

Butter Bot's back-testing capabilities are great, but the results are optimised for USD which can make it difficult to compare to a buy-hold strategy.

I've put together a simulation which mimics Butter Bot's trading strategy to hopefully give everyone a better idea of 2 things:

• The "best" short and long EMA parameters
• The actual increases you would have seen versus buy-hold

Thus far I've only run the simulation on btc-e trades. The 1 min trade frequency simulations take a long time to complete and given my Macbook wasn't a particularly willing participant with the other simulations they're not included.

Essentially every possible combination of short/long EMA between 1-120 are included. Thresholds and tick offset have been fixed to the recommended values.

The results are contained in a number of CSV files with short EMA vertical and long EMA horizontal. The results are BTC optimised given 1BTC was invested at the start of the period. ie. a value of 1.9 means you invested 1BTC and had 1.9BTC (or USD equivalent) at the end. This is also what your return would have seen versus buy-hold.

Check out the results and enjoy

You can download the simulation results here:
http://www.sudosystems.net.au/wp-content/uploads/2013/05/ema-profit-2014-01-09.zip

Exchanges: btc-e
EMAs: 1-120 (short and long)
Test durations: 1 week, 1 month, 3 months, 6 months, 1 year
Trade frequencies: 5 min, 15 min, 30 min, 1 hour, 2 hours
Buy threshold: 0.15
Sell threshold: 0.1
Tick offset: 0
Last trade data: Wed, 08 Jan 2014 23:01:18 GMT

If you find any of this info helpful or are looking for some particular simulations feel free to donate to my trading fund:
1BzDv1bep679dtXchHaWRu9XR5jrTUfFCF

[AnhBen]

Butter Bot's back-testing capabilities are great, but the results are optimised for USD which can make it difficult to compare to a buy-hold strategy.

I've put together a simulation which mimics Butter Bot's trading strategy to hopefully give everyone a better idea of 2 things:

• The "best" short and long EMA parameters
• The actual increases you would have seen versus buy-hold

Thus far I've only run the simulation on btc-e trades. The 1 min trade frequency simulations take a long time to complete and given my Macbook wasn't a particularly willing participant with the other simulations they're not included.

Essentially every possible combination of short/long EMA between 1-120 are included. Thresholds and tick offset have been fixed to the recommended values.

The results are contained in a number of CSV files with short EMA vertical and long EMA horizontal. The results are BTC optimised given 1BTC was invested at the start of the period. ie. a value of 1.9 means you invested 1BTC and had 1.9BTC (or USD equivalent) at the end. This is also what your return would have seen versus buy-hold.

Check out the results and enjoy

You can download the simulation results here:
http://www.sudosystems.net.au/wp-content/uploads/2013/05/ema-profit-2014-01-09.zip

Exchanges: btc-e
EMAs: 1-120 (short and long)
Test durations: 1 week, 1 month, 3 months, 6 months, 1 year
Trade frequencies: 5 min, 15 min, 30 min, 1 hour, 2 hours
Buy threshold: 0.15
Sell threshold: 0.1
Tick offset: 0
Last trade data: Wed, 08 Jan 2014 23:01:18 GMT

If you find any of this info helpful or are looking for some particular simulations feel free to donate to my trading fund:
1BzDv1bep679dtXchHaWRu9XR5jrTUfFCF

Crunching numbers is one thing but putting it a better format like graphs is another. If you can produce some nice graphics with some critical thoughts that's be better.

[dspiel]

Its your product so you can do what you like but here is a suggestion:

Offer a 30 day trial license instead of 1 week.

Lets look at some scenarios:

Customer A decides to try out your product for 1 week using $100 bucks on BTC-E. In that 1 week he performs several automated trades and maybe he turns a profit 1 or 2 of the days but by the end of the week he is under 100,do you think he is likely to sign up?

Customer B decides to try out your product for 1 month and using $100 bucks on BTC-E. In that 1 month he is under 100 bucks during the 1st week or so but by the end of the month he has earned a profit of about 15%, do you think he is likely to sign up?

[kireinaha]

Its your product so you can do what you like but here is a suggestion:

Offer a 30 day trial license instead of 1 week.

Lets look at some scenarios:

Customer A decides to try out your product for 1 week using $100 bucks on BTC-E. In that 1 week he performs several automated trades and maybe he turns a profit 1 or 2 of the days but by the end of the week he is under 100,do you think he is likely to sign up?

Customer B decides to try out your product for 1 month and using $100 bucks on BTC-E. In that 1 month he is under 100 bucks during the 1st week or so but by the end of the month he has earned a profit of about 15%, do you think he is likely to sign up?

Pablo would be insane to give a full month for free.. he's already stated multiple times that he has no problem with people extending the one week trial to two weeks if they feel so inclined and need more time to make up their mind. If he offered one month, many people will likely turn it into two months... and then anyone who paid for the three month package will be left in the cold. IMHO, if someone comes to Butter Bot and after one week expects it to make them riches, they probably don't understand EMA trading strategy and perhaps Butter Bot just isn't for them.

[analytics]

Suggest adding CampBX support.   It's the only US based one I know of, and for US folks, that's far more trustworthy  since it has to comply with US law.

[dspiel]

Its your product so you can do what you like but here is a suggestion:

Offer a 30 day trial license instead of 1 week.

Lets look at some scenarios:

Customer A decides to try out your product for 1 week using $100 bucks on BTC-E. In that 1 week he performs several automated trades and maybe he turns a profit 1 or 2 of the days but by the end of the week he is under 100,do you think he is likely to sign up?

Customer B decides to try out your product for 1 month and using $100 bucks on BTC-E. In that 1 month he is under 100 bucks during the 1st week or so but by the end of the month he has earned a profit of about 15%, do you think he is likely to sign up?

Pablo would be insane to give a full month for free.. he's already stated multiple times that he has no problem with people extending the one week trial to two weeks if they feel so inclined and need more time to make up their mind. If he offered one month, many people will likely turn it into two months... and then anyone who paid for the three month package will be left in the cold. IMHO, if someone comes to Butter Bot and after one week expects it to make them riches, they probably don't understand EMA trading strategy and perhaps Butter Bot just isn't for them.

I disagree. I am guessing he keeps track how many times someone renews a trial license and decides when to prevent them obtaining more. If he offered a 1 month license and prevented users from renewing for another month, it would be basically the same amount of time but gives people an opportunity to actually pull a profit without having to cheat the system. 

[OleOle]

Its your product so you can do what you like but here is a suggestion:

Offer a 30 day trial license instead of 1 week.

Lets look at some scenarios:

Customer A decides to try out your product for 1 week using $100 bucks on BTC-E. In that 1 week he performs several automated trades and maybe he turns a profit 1 or 2 of the days but by the end of the week he is under 100,do you think he is likely to sign up?

Customer B decides to try out your product for 1 month and using $100 bucks on BTC-E. In that 1 month he is under 100 bucks during the 1st week or so but by the end of the month he has earned a profit of about 15%, do you think he is likely to sign up?

Pablo would be insane to give a full month for free.. he's already stated multiple times that he has no problem with people extending the one week trial to two weeks if they feel so inclined and need more time to make up their mind. If he offered one month, many people will likely turn it into two months... and then anyone who paid for the three month package will be left in the cold. IMHO, if someone comes to Butter Bot and after one week expects it to make them riches, they probably don't understand EMA trading strategy and perhaps Butter Bot just isn't for them.

I disagree. I am guessing he keeps track how many times someone renews a trial license and decides when to prevent them obtaining more. If he offered a 1 month license and prevented users from renewing for another month, it would be basically the same amount of time but gives people an opportunity to actually pull a profit without having to cheat the system. 

When you buy a new car, you get a quick test drive for a couple of hours or sometimes you're able to keep the car overnight. Sure you could do a few errands in the new car while you were test driving it, but that's not the point, it's not intended to be a means of transportation during the test drive, it's meant to be long enough to make up your mind on whether it's going to work for you and your family.

You're spending thousands of dollars on a car and you get a few hours or overnight; you're spending a hundred or so dollars on Butter Bot and you get to trial it for a week - that is more than generous.

So how about you make up your mind by reading the extensive threads on the subject and stop wasting everyone's time by sounding like a poor man begging for a month's free trial?