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

[tolega]

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.


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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)

Over 19k,yet this setting is not suitable for the market right now.

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[blackhathasher]

A few days ago my above configuration would have yielded 28K+%

but again because the backtesting engine cannot be set to a custom date range it makes developing a strategy difficult.

If you try trading EMA on those settings now you will be very disappointed in the result even though over the last year they look amazing... but we arent trading in last years market...



SO...

Back to the TSL strategy...

I think this may be working.

If you set your bot like this;


And then make sure to disable your bot...

Purchase your coins ONCE YOU HAVE IDENTIFIED YOUR ENTRY POINT (preferably at the bottom of the low before the rise, use 20/30 EMA and MACD to determine)...

Then enable your bot which will then record the high from which to start trailing.

As each new high is obtained then the stop loss will readjust (in theory).

allowing for a 2% drop from the high before selling out.

so far this seems to be pretty successful. (of course the rise in price need to be larger than 2% to be profitable)

I have tried many various configurations and I have been most successful on a 5 Minute chart with a 2% TSL.

Any brave souls that can improve on this?

[PuertoLibre]

Does the TSL work even when the bot is disabled? (or is the disabled portion simply for testing?)

[fible1]

Does the TSL work even when the bot is disabled? (or is the disabled portion simply for testing?)

Hi PuertoLibre ,

When Butter is disabled, everything is disabled.

You can have the same effect as keeping TSL active as well as testing but no trading by having really high threshold values, like 50 on each threshold.

Hope that helps,
  Pablo.

[blackhathasher]

disabling the bot is just so that when the bot is re-enabled it resets the high for the TSL to start from. (at least I think).

[smashpt]

EMA diff is at -0.011% (1 BTC = 806 USD) at btce.

A sell order is imminent!

Your friendly trading bot.


what does it mean? the bot didn't trade..

[PuertoLibre]

@ Pablo

You once mentioned that ButterBot takes about 160 or 165 SMA samples to generate the first EMA value. I have tried various amounts but never seem to be able to replicate the exact same EMA values as butterbot.

Could you ask around about this?

I am compiling a Month to Month Minute accurate excel sheet to distribute on the forum so we can run various kinds of math against the past. But so far I am having a hard time replicating the ButterBot EMA samples. (I'd like it to match the real butter rather than be an approximation).

[Spiffy_1]

Is there a way to incorporate bitcoinwisdom into butterbot for the charts?  So we could see exactly what the bot see's?  I've watched bitcoinwisdom and see the lines cross and its never traded when it's supposed to.  Its always delayed and drives me crazy.  I stopped watching it because I'm at least 30 minutes behind on the trades with 1 hour setup on butterbot, so when the bot should trade to make a profit, it instead waits and sells at a lower value than when the lines indicate it should have. This is with having - numbers in the first trade and sell slots.  I'm very interested in the TSL settings.. With those settings does the bot essentially operate as a high frequency trading bot selling at 2% loss and buying at 2% gains?  Seems more reliable than the crapshoot 1 hour sometimes might conscider nope just kidding trade settings right now.

[quarzazatete]

im new to bot-trading and want to ask you guys if its worth spending time on that topic?

are there ppl that really make constant profits with this bot, considering the bot + exchange fees?

thx

[kireinaha]

Is there a way to incorporate bitcoinwisdom into butterbot for the charts?  So we could see exactly what the bot see's?  I've watched bitcoinwisdom and see the lines cross and its never traded when it's supposed to.  Its always delayed and drives me crazy.  I stopped watching it because I'm at least 30 minutes behind on the trades with 1 hour setup on butterbot, so when the bot should trade to make a profit, it instead waits and sells at a lower value than when the lines indicate it should have. This is with having - numbers in the first trade and sell slots.  I'm very interested in the TSL settings.. With those settings does the bot essentially operate as a high frequency trading bot selling at 2% loss and buying at 2% gains?  Seems more reliable than the crapshoot 1 hour sometimes might conscider nope just kidding trade settings right now.

Mine always trades exactly how it's configured to. Of course Pablo has the final say on this, but I don't see any reason to incorporate BitcoinWisdom into the software... I often have it loaded in my browser and watch as the EMA lines cross, and it coincides very accurately with the bot.

Perhaps your bot is "delayed" because you are using buy/sell thresholds? My bot doesn't sell until at least one hour after lines have crossed, because backtesting shows that prices tend to rebound once the period of panic (which usually coincides with lines crossing) occurs. Also, what is your tick offset? Butter Bot only polls the market and makes a buy/sell decision on the tick offset, so it would be unlikely that you would ever see an action taken the moment a line crosses on BitcoinWisdom, unless the update timer is set really low, like 1 minute.

TSL sounds good in theory, but when it triggers, it sells your position and takes you completely out of the game. Volatility swings of 2% are not that uncommon, so you could potentially have your position sold due to some "noise" while you're asleep, and then wake to find the price much higher but you'd be sitting on the sidelines. I avoid it for that reason, and much has been written in this thread about it, and why it tends to be unprofitable. But you're free to experiment with it however you'd like, which is what's so fun about this bot

[kireinaha]

im new to bot-trading and want to ask you guys if its worth spending time on that topic?

are there ppl that really make constant profits with this bot, considering the bot + exchange fees?

thx

This seems to be asked a lot. Did you download the demo? All you need to do is run the backtesting function to see how the bot performs over a given period of time, and whether or not it would be profitable. If you trade with a large amount (ie. more than 2 or 3 BTC) you do need to factor in "slippage" to a small degree with the calculations, but otherwise it gives a pretty fair picture of what your profits would be in USD.

[Jazkal]

Can we get verification if manual date settings will be added to the backtesting? Not asking when it will be added, just that it is on the short list of feature enhancements.

[OleOle]

I haven't downloaded and upgraded to the new version yet. Just wondering if everything is going smoothly with it and if all bugs (if any?) have been worked through?

Thanks for any comments or observations you make.

[NginUS]

I haven't downloaded and upgraded to the new version yet. Just wondering if everything is going smoothly with it and if all bugs (if any?) have been worked through?

Thanks for any comments or observations you make.

No bugs, all good.

[simiane]

Anyone having any luck over the last week or so on BTC-E? I can't find any settings that won't result in losses right now. Lots of ups and downs, but all evened out by EMA.

[eorShaman]

Anyone having any luck over the last week or so on BTC-E? I can't find any settings that won't result in losses right now. Lots of ups and downs, but all evened out by EMA.

No luck here also. I'm pretty new in all this so i don't know if this is due to my inexperience, different market conditions, or something else.
I just hope that the marked did't fundamentally changed for EMA trading. Even thou the bot had only loosing trades in last 10 days i hope in the month time it will be positive.

[smashpt]

Anyone having any luck over the last week or so on BTC-E? I can't find any settings that won't result in losses right now. Lots of ups and downs, but all evened out by EMA.

No luck here also. I'm pretty new in all this so i don't know if this is due to my inexperience, different market conditions, or something else.
I just hope that the marked did't fundamentally changed for EMA trading. Even thou the bot had only loosing trades in last 10 days i hope in the month time it will be positive.

How much times does your bot trade per day?

[kireinaha]

Anyone having any luck over the last week or so on BTC-E? I can't find any settings that won't result in losses right now. Lots of ups and downs, but all evened out by EMA.

No luck here also. I'm pretty new in all this so i don't know if this is due to my inexperience, different market conditions, or something else.
I just hope that the marked did't fundamentally changed for EMA trading. Even thou the bot had only loosing trades in last 10 days i hope in the month time it will be positive.

I don't think you'll have much luck finding a winning strategy in this market. EMA works best at moving in and out of trends, so when the market moves sideways like this, and doesn't stick to any one direction for more than 24-48 hours, it's basically just taking tiny gains and tiny losses here and there. Until we actually develop a trend again, it's ....  

I'd suggest setting a longer update interval to avoid trading on noise, just forget about it for the next week, and start trading dogecoins. Some much needed excitement in this dull, dull, bitcoin market.

[fible1]

*************
Announcement
*************

Just to let everyone know we have some nice surprises in store for the coming weeks; including LTC, and some other goodies in the bag .

All free upgrades for current subscribers as usual .

Pablo.

[Grinny]

*************
Announcement
*************

Just to let everyone know we have some nice surprises in store for the coming weeks; including LTC, and some other goodies in the bag .

All free upgrades for current subscribers as usual .

Pablo.

LTC!LTC!LTC!
I'm so excited!