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

[blackhathasher]

Sup guys, I'm a newbie here. Could anyone please tell me some config's for BTC-E (EMA) at the moment?

Try Short: 20 Long: 42
Freq: 30 Min
Buy 1: -50
Sell 1: -50
Buy 2: 0.10
Sell 2: 0.15

And go from there...

What about MtGox?

I have Short: 10 Long 21
Freq: 2 hour
Buy 1: 0
Sell 1: 0
Buy 2: 0.25
Sell 2: 0.25

4 weeks with no profit, only loss

that is -50.00 not -0.50

I see no reason to trade on gox. impossible to get your money out in USD cash. unless you only want to deal strictly in BTC for the rest of your life...

 

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[AnhBen]

Mt Gox? Depends on which country you're talking but not all though!

[smashpt]

Appreciated this great text. I'm not a 'pro' about market's/economy, i'm learning step-by-step... and I hope i will not make any sh*t with this

So, my bot could take some days till identify the market - All I need to do is keep it running and see how it goes?

No worries, happy to help

Well, the bot will be checking the live price and form a view based on what time frequency you have the bot set at. I've got the bot set at "2 hour" trade frequency, so it determines trend by examining prices every two hours. It's worth pointing out that Pablo (username: Fible1) has said previously that the bot is not ideally used as a high frequency trading bot (although I think there is some possibility of that feature being available in future updates) so you have to form a view on what you want the bot to do.

The bot comes with 'starter settings', that is, there's variables plugged in and if say, you have your time frequency set to "1 day" then he bot will only check prices once a day, so yes, it will be more clear what price trends may be forming over the previous days, for example day 1 price is $825, day 2 price is $800, day 3 price is $775, is a clear downward trend and no doubt the bot would sell once it determined the downward trend.

However if the bot time frequency is set to "1 hour", it will check the prices every hour, so if the bot sees a similar downward trend across three hours, say hour 1 $825, hour 2 $800, hour 3 $775, then it will operate in the same way as with the "1 day" settings in the paragraph above and trigger a sell, but the key point here is that with the shorter time frequencies, it could just have been market 'noise', or some people offloading a larger position or some other undetermined market factor that drove the price lower, so if you've got the bot checking every hour, it might be responding to intra-day market events, rather than identifying a proper trend. In our example, the "1 hour" bot might be selling at $775 only to find that the market rises an hour or two later and it will have to buy back your BTC and in the process incurring trading fees and mostly likely some small loss as the narrower time frequency bot settings make it over-sensitive to intra-day market fluctuations.

So there's a trade-off between how often you want the bot to keep tabs on the market, some people are happy checking the market once a day as they are trying to catch the larger trend up or down, some people look to identify shorter trends and have narrower time frequency settings. There's no 'right way', it depends on your own risk tolerance and your overall view of the market.

That's just the time frequency parameter of the bot, perhaps those people with more info to share can comment further on the threshold settings of the bot? I'm still yet to find settings that I'm entirely satisfied with and like many traders over the Christmas and New Year period, I had the bot turned off, then quickly turned it on when the BTC/USD price spiked to over $1000 before settling back down again to this rather frustrating $800-$900 price range.

It's probably worth mentioning that I trade the same settings on both MtGox and Bitstamp (I don't yet trade BTC-e, I have an account there, but I'm not fully verified or set up with that exchange) although I think that when I find settings that I actually like, I'll begin to tweak them individually for each exchange but being relatively new to the Butter Bot, I'm still trying to wrap my head around the subtleties of the settings and the vagueness/volatility of the price action on the market.

Ok so, after 24 hours my bot tradded:

EMA diff is at -0.276% (1 BTC = 827.615 USD) at btce.

A sell order was triggered!

Your friendly trading bot.


Is this a bad thing?

No, it's not a bad thing, you want your bot to sell from BTC into USD when the market drops. If the market dropped from around $800 to $100 you'd be fuming the bot didn't sell. What you want to happen now is that the market keeps dropping and that it might stabilise at say $700 and your bot buys back in, then the market begins to rise again. That's one of the ways it makes you money

Greatly appreciated again

I've learned alot with your comment, sincerely.
So, my Trade Frequency is now at 30 minutes, for example. Should I keep my eyes and see how it goes and, if I keep having some %%% percentage, just up the trade frequency time in order to bot check the up's/low's less times a day?

[Hapex]

Ok so, after 24 hours my bot tradded:

EMA diff is at -0.276% (1 BTC = 827.615 USD) at btce.

A sell order was triggered!

Your friendly trading bot.



Is this a bad thing?

Nope, just an email from butterbot telling you that a sell order was triggered (EMA crossover).

[fible1]

Just wanted to say hi to everyone .

Been keeping up with the posts, great info from some of the pro's, you guys are great!

Pablo.

[smashpt]

Could I bet with my hands sometimes and keep bot running or its a bad idea?

[NginUS]

Could I bet with my hands sometimes and keep bot running or its a bad idea?

Put the bot on pause if you're going to do manual trading, or it'll immediately undo what you try to do.

[Bitcopia]

Could I bet with my hands sometimes and keep bot running or its a bad idea?

Trading outside of your plan is typically a bad idea. If you are going to trade outside your plan, have a plan for how your going to trade outside of your plan.

[Badonkadonk]

Could I bet with my hands sometimes and keep bot running or its a bad idea?

Trading outside of your plan is typically a bad idea. If you are going to trade outside your plan, have a plan for how your going to trade outside of your plan.

so its a plan within a plan! inception 2? x)

[smashpt]

Is this a good setting's for use?

[blackhathasher]

Is this a good setting's for use?

Not so much...

The thing you want to look at is not the profit that you WOULD have made over the past year (the market has changed significantly since then) but look at settings that give you a decent return over the last week balanced against returns over the last month, and then pay attention to those and modify them weekly (or not, just depending) just to keep them fine tuned for profit.

On the other hand I am developing a system currently with using butter-bot solely as a trailing stop loss...

I will let you know how that goes.

[smashpt]

Is this a good setting's for use?

Not so much...

The thing you want to look at is not the profit that you WOULD have made over the past year (the market has changed significantly since then) but look at settings that give you a decent return over the last week balanced against returns over the last month, and then pay attention to those and modify them weekly (or not, just depending) just to keep them fine tuned for profit.

On the other hand I am developing a system currently with using butter-bot solely as a trailing stop loss...

I will let you know how that goes.

Looking forward to look it out If you want any kind of help I'm glad to.
So, as I understanded, I must look at the profit from 1 week to 1 month, and try to balance them - Because the profit that shows on image (1 year profit) is not a "real" profit since the difficulty and the prices have changed, am I correct?

Edit: I tried several settings and the max. I could get per month is around 50%... is it good?

[fible1]

Is this a good setting's for use?

Not so much...

The thing you want to look at is not the profit that you WOULD have made over the past year (the market has changed significantly since then) but look at settings that give you a decent return over the last week balanced against returns over the last month, and then pay attention to those and modify them weekly (or not, just depending) just to keep them fine tuned for profit.

On the other hand I am developing a system currently with using butter-bot solely as a trailing stop loss...

I will let you know how that goes.

To use Butter as a TSL only use very high settings, like 50 (not .5, 50) on each of your thresholds so that they will never trigger and then just use TSL normally.

Please keep in mind that when TSL is triggered it shuts off Butter so you need to reset it manually afterwords.

Hope that helps .

Pablo.

[smashpt]

Is this a good setting's for use?

Not so much...

The thing you want to look at is not the profit that you WOULD have made over the past year (the market has changed significantly since then) but look at settings that give you a decent return over the last week balanced against returns over the last month, and then pay attention to those and modify them weekly (or not, just depending) just to keep them fine tuned for profit.

On the other hand I am developing a system currently with using butter-bot solely as a trailing stop loss...

I will let you know how that goes.

To use Butter as a TSL only use very high settings, like 50 (not .5, 50) on each of your thresholds so that they will never trigger and then just use TSL normally.

Please keep in mind that when TSL is triggered it shuts off Butter so you need to reset it manually afterwords.

Hope that helps .

Pablo.

So, r my setting's good at all or too much risky?

[PuertoLibre]

I optimized your settings. Can someone beat my settings? (its a contest right?)

I didn't optimize it "in depth" since I was looking at 1) how to scale trades properly given a specific timeframe 2) has mostly green throughout 3) Works extremely well during a long term bear market 4) develop a simpler method for optimizing settings within 2 hours. Which is what I more or less wanted to achieve.

I took a pic at 3 months 6 months and 1 year so you can see how it performs without the prominent growth from earlier in the year.



Edit: You got 10677%...
I got...13104%

[alani123]

Why isn't there a reliable btc/altcoin bot out yet?

[blackhathasher]

I optimized your settings. Can someone beat my settings? (its a contest right?)

I didn't optimize it "in depth" since I was looking at 1) how to scale trades properly given a specific timeframe 2) has mostly green throughout 3) Works extremely well during a long term bear market 4) develop a simpler method for optimizing settings within 2 hours. Which is what I more or less wanted to achieve.

I took a pic at 3 months 6 months and 1 year so you can see how it performs without the prominent growth from earlier in the year.



Edit: You got 10677%...
I got...13104%

Yes I can beat those all to heck... the problem is... that those 1 Year settings wont be profitable now...

try this:


IF you backtest that from Jan 1 2013 to Dec 31 2013 you will get 19647% profit...

BUT if you try to run those same setting now you wont get nearly that...

the market has changed... EMA bots are all over...

try to modify your engine to produce profits over 1 week and then again at 1 month and balance between the two.

[blackhathasher]

I am currently testing (and perfecting) a simple Trailing Stop Loss strategy using butter-bot that should... I say... SHOULD be profitable no matter the market conditions and no matter how many people are using it.

In a few day I will post the entire layout of the strategy here so that everyone can pick it apart. Find holes and or help me make improvements to it.

[PuertoLibre]

I am currently testing (and perfecting) a simple Trailing Stop Loss strategy using butter-bot that should... I say... SHOULD be profitable no matter the market conditions and no matter how many people are using it.

In a few day I will post the entire layout of the strategy here so that everyone can pick it apart. Find holes and or help me make improvements to it.

Keep us all posted on your progress.

This is the best I could arrange given your ending date and general settings. (I moved to 1 hour intervals)

[smashpt]

I optimized your settings. Can someone beat my settings? (its a contest right?)

It's not, atleast for me.

All I am looking is a 'fair' setting's which could give me profit. Thats what all want (right?)