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

[fible1]

Hi there im new to BB, still not a member but have a free licence key.

now my questions, i cant see any charts and the bot isnt functioning?
I put in my api + secret word, but the bot isnt working.

 is this because i first have to become a full membership?

sincerly,
me

HI Michael ,
  No, the demo is fully functional.

Why do you think Butter is not working, is it because you have not seen a trade yet?

EMA (the bot's algorithm) is a trend seeking algorithm, that means that the bot seeks to get in/out of up/down trends as quickly as possible; thus the bot will only trade when the market reverses itself.
BTC has been collapsing for the past few days and thus the bot is holding a "sell" command, therefore you would not expect to have seen a trade yet. When the market reverses itself you will see a trade and the bot will sell your BTC for Fiat.

This is not a High Frequency Trader (HFT). With EMA, the fewer trades you see, the better, because it means that trends are manifesting themselves and making you money. Many trades in a short period of time could mean the bot has been triggered by a false signal and could end up costing you fees.
I hope that answers your questions, please do not hesitate to let me know if you need anything at all .

Pablo.

I just reread your question:

The issue with the charts is likely a problem with your demo key not being entered properly: please double check that punctuation was not included in the key by mistake or that it is not missing a character. Your API keys also need to have the necessary permissions; feel free to drop me an email, I will be happy to help you one on one .

Pablo.

[dark_silverstar]

Any chance of a version not requiring Chrome?

Hi ,
  Yep, our next gen bot "Butter-Cream" will run from our servers through a web interface, nothing is needed on the clients end.

I hope that helps, please let me know if you need anything at all .


Pablo.

any ETA about that next gen bot.

[miless2111s]

any ETA about that next gen bot.

Pablo's reply on the previous page:

We plan to release LTC in the coming weeks, we have it down, we just have to test one last upgrade and we are good to go.

The Butter-Cream Beta is hard to predict, but I think 6-8 weeks for Beta testing to start is a good goal. We want to release Butter-Cream as soon as we can develop it and make sure it does what it is supposed to do in the best way possible. It's just such a big leap forward that we want to push it out ASAP.

In the meantime I think we will be asking for customer input in intermediate steps along the way.

[mazeinc]

hi,

i have a question about the diff between EMA values when crossover either for buy or sell the higher diff percentage is better or the smaller is better for buy?

Please explain.

Thank you.

[fible1]

Hi Guys ,
  I'm really sorry I have been a bit absent from the thread the past couple of weeks; been so involved in developing Butter-Cream that I got caught up, I'm sorry about that and from today on you can all expect same day answers from me again .

I want to catch everyone up:

1. We released Litecoin Live last week (albeit without much fanfare), I hope you guys are enjoying it and finding it profitable .

Butter-Cream is coming along great and we are running a pre-alpha version:

1. Multiple indicators requested run great; we have found Bollinger Band trading very useful the past couple of weeks .
2. Our method for allowing customers to create their own strategies and manipulate indicators easily and intuitively is working perfectly.
3. Graphs and other interface systems work great.

I think we may be able to show you guys an open beta in 6-8 weeks.

Again, let me apologize for my short absence, please let me know if anyone needs anything .

Pablo.

[knightlife999]

I just want to make a comment in regards to everyone who says that EMA does not work anymore:

EMA does work... when the market is in an uptrend. It's really quite simple. When the market tops out and turns downward, you should consider turning off the bot until it bottoms and turns upward again. When a market is in an upward trend, EMA picks up the majority of the moves and exits when the market turns downward. It is very effective in uptrends. When markets are in downtrends, EMA initiates buy orders on the brief corrections (crossovers), but then exits when the market continues the downward trend. That's why EMA has losing trades in downtrends. To find the present general trend, use a 12 Hour or 1 Day chart to see if the market is truly in an uptrend, downtrend, or sideways consolidation phase. With the right settings, this bot can make 3500% or more per year on Bitstamp or BTC-e. That performance is actually leaving the bot on for the past year and not turning it off during the 2 major downtrends that took place. If you had shut off the bot during those downtrends, the bot would have made 5500% in a year. Of course, you need to use the correct settings to get that kind of performance.  

Since December 5th, the market has been in a downtrend and at times sideways consolidation. This is a common historic pattern for BTC. We rally to all time highs, crash/panic sell to half the value or more, then move downward/sideways for 2-4 months before the next big rally. EMA is perfect when we are in a rally/uptrend. Just be patient and make sure that the trend is truly moving upwards.

For instance, it looks like we could be entering into an uptrend right now. If the price extends above 700 and holds, we should see a nice uptrend through the middle to end of April. I used to trade forex professionally for 10+ years and have been trading BTC for the one year so far.

Butterbot is the best BTC trading bot I have found and you won't find a product with better customer support. Pablo is the best and he is always working to improve his product.  

[poikkeus]

Wow, people really using these fancy and simple bots?

[relic000]

FIBB Fibonacci Bollinger Bands strategy?

fibonacci's golden ratio is everywhere. read on this topic might be helpful:
http://www.forexfactory.com/showthread.php?t=35566

[fible1]

I just want to make a comment in regards to everyone who says that EMA does not work anymore:

EMA does work... when the market is in an uptrend. It's really quite simple. When the market tops out and turns downward, you should consider turning off the bot until it bottoms and turns upward again. When a market is in an upward trend, EMA picks up the majority of the moves and exits when the market turns downward. It is very effective in uptrends. When markets are in downtrends, EMA initiates buy orders on the brief corrections (crossovers), but then exits when the market continues the downward trend. That's why EMA has losing trades in downtrends. To find the present general trend, use a 12 Hour or 1 Day chart to see if the market is truly in an uptrend, downtrend, or sideways consolidation phase. With the right settings, this bot can make 3500% or more per year on Bitstamp or BTC-e. That performance is actually leaving the bot on for the past year and not turning it off during the 2 major downtrends that took place. If you had shut off the bot during those downtrends, the bot would have made 5500% in a year. Of course, you need to use the correct settings to get that kind of performance.  

Since December 5th, the market has been in a downtrend and at times sideways consolidation. This is a common historic pattern for BTC. We rally to all time highs, crash/panic sell to half the value or more, then move downward/sideways for 2-4 months before the next big rally. EMA is perfect when we are in a rally/uptrend. Just be patient and make sure that the trend is truly moving upwards.

For instance, it looks like we could be entering into an uptrend right now. If the price extends above 700 and holds, we should see a nice uptrend through the middle to end of April. I used to trade forex professionally for 10+ years and have been trading BTC for the one year so far.

Butterbot is the best BTC trading bot I have found and you won't find a product with better customer support. Pablo is the best and he is always working to improve his product.  

Hi Knight ,
 Thank you for your kind comments. We really do feel we have a good product out there and we are working hard to improve upon Butter-Bot with our next generation trader "Butter-Cream". EMA is a successful strategy when used appropriately and we have legions of happy traders, I sincerely hope that those of you who have reservations on it will find success with the myriad of strategies and indicators we will introduce with Butter-Cream in the coming months. In the meantime, I am here to help anyone who needs it on a one on one basis to help you get set up and reach profitability as quickly as possible.

Pablo.

[fible1]

FIBB Fibonacci Bollinger Bands strategy?

fibonacci's golden ratio is everywhere. read on this topic might be helpful:
http://www.forexfactory.com/showthread.php?t=35566

In the next gen bot you will be able to CREATE your own strategies with a very simple to use interface using our indicators, I am not familiar with the FIBB strategy itself but since it looks dependant on the Bollinger Bands indicator there should not be an issue with you being able to create the neccesary strategy and use it for trading.

I hope that helps :=).

Pablo.

[fible1]

Wow, people really using these fancy and simple bots?

Hey ,
  I was halfway into a reply when I realized Gomboo said it best:

(Quoted from Gomboo's Thread: https://bitcointalk.org/index.php?topic=60501.0)

"One of the simplest trading systems is known as the Turtle Trading System.  In the system, you basically buy if the price is higher than the past 20 periods or sell when the price is lower than 20 periods.  This system generated millions for the participants and followers of it.  One of the "Market Wizards" did a test in which he hired a group of random people and taught them to trade the simple system - the majority of them made several million dollars in the following years.

If you would like to learn more about the Turtle Trading System, the complete rules can be found here:
http://bigpicture.typepad.com/comments/files/turtlerules.pdf

Also, here is an image of the historic performance of this system for the past 41 years.



This was found in this thread:
http://www.tradingblox.com/forum/viewtopic.php?t=7379

Also, the great book on the Market Wizards - or some of the best traders ever:
http://www.amazon.com/Market-Wizards-Interviews-Top-Traders/dp/1592802974/ref=sr_1_1?ie=UTF8&qid=1327115564&sr=8-1"

(/End Quote)

You see, trading is mathematics and in mathematics the most elegant solutions tend to be the simplest ones. The trading methods we offer, will offer, and that are discussed here are proven and taken from real world applications. There is no need to re-invent the wheel; that being said, we don't believe we have all the answers and "Butter-Cream" will let customers do their own thing so the next gen systems we are discussing will allow you to do just that, use a multitude of indicators to create as simple or complex a set of algorithms as you wish; but if I had to put my money somewhere I would wager that the more elegant algorithms customers will come up with will win out against the overly-complex ones.

I hope that helps .

Pablo.

[fible1]

Guys,
  Still looking for ideas and features you guys think would make a cool and profitable hosted bot. We are already in pre-alpha testing and this is the time to get all that stuff you guys have been wanting in Butter-Bot into the new Butter-Cream solution. Please post any suggestions you may have, we hope to get this service out to everyone ASAP.

Pablo.

[coinits]

Wow, people really using these fancy and simple bots?

Hey ,
  I was halfway into a reply when I realized Gomboo said it best:

(Quoted from Gomboo's Thread: https://bitcointalk.org/index.php?topic=60501.0)

"One of the simplest trading systems is known as the Turtle Trading System.  In the system, you basically buy if the price is higher than the past 20 periods or sell when the price is lower than 20 periods.  This system generated millions for the participants and followers of it.  One of the "Market Wizards" did a test in which he hired a group of random people and taught them to trade the simple system - the majority of them made several million dollars in the following years.

If you would like to learn more about the Turtle Trading System, the complete rules can be found here:
http://bigpicture.typepad.com/comments/files/turtlerules.pdf

Also, here is an image of the historic performance of this system for the past 41 years.



This was found in this thread:
http://www.tradingblox.com/forum/viewtopic.php?t=7379

Also, the great book on the Market Wizards - or some of the best traders ever:
http://www.amazon.com/Market-Wizards-Interviews-Top-Traders/dp/1592802974/ref=sr_1_1?ie=UTF8&qid=1327115564&sr=8-1"

(/End Quote)

You see, trading is mathematics and in mathematics the most elegant solutions tend to be the simplest ones. The trading methods we offer, will offer, and that are discussed here are proven and taken from real world applications. There is no need to re-invent the wheel; that being said, we don't believe we have all the answers and "Butter-Cream" will let customers do their own thing so the next gen systems we are discussing will allow you to do just that, use a multitude of indicators to create as simple or complex a set of algorithms as you wish; but if I had to put my money somewhere I would wager that the more elegant algorithms customers will come up with will win out against the overly-complex ones.

I hope that helps .

Pablo.

I am new to this robot and am testing it right now. To utilize the Turtle Method what would be the best settings on your bot to emulate it? I would like to be the lazy man and set it and forget it as I work long days and do not have time to monitor it for most of the day.

Thanks

[coinits]

I read through some threads and found settings that I liked. I just want to walk away from it and let it run 24-7.

[coinits]

I started this last night and am still tinkering with it. I deposited 1.14 BTC and no cash into my BTC-e account. When I hold my mouse over the icon in the top right it is showing my correct BTC balance. That tells me that I am configured.

No trades have been executed thus far.

However when I click that icon and get my pop-up there is a message across the top as follows: "There was an internal brain error. Please contact us about that problem."

So here I am contacting you

What's up with that?

[bill_d]

Regards new features, I'm sure it has been mentioned before but just to second it, the ability to test over a configurable time span would be the nuts. Thanks.

[uteroulin]

Did I get right it require Chrome? won't work with other services?

[bill_d]

With the right settings, this bot can make 3500% or more per year on Bitstamp or BTC-e. That performance is actually leaving the bot on for the past year and not turning it off during the 2 major downtrends that took place. If you had shut off the bot during those downtrends, the bot would have made 5500% in a year. Of course, you need to use the correct settings to get that kind of performance.  

Knightlife999 - goddamnit, I am struggling to make 1 tenth of those percentages!

[bill_d]

Regards new features, I'm sure it has been mentioned before but just to second it, the ability to test over a configurable time span would be the nuts. Thanks.

wooohooo - it just appeared! thanks butterbot!

[poikkeus]

I just want to make a comment in regards to everyone who says that EMA does not work anymore:
....With the right settings, this bot can make 3500% or more per year on Bitstamp or BTC-e. That performance is actually leaving the bot on for the past year and not turning it off during the 2 major downtrends that took place. If you had shut off the bot during those downtrends, the bot would have made 5500% in a year....

3500% is bad as BTC risen more than that. Anyways I'd like to see trade log of a backtest run which does that profit.

Here is a trade log of my bot doing more than 3000% profit on last 4 months at mt.gox: http://pastebin.com/raw.php?i=FYjLm6YL
Chart: http://oi57.tinypic.com/2uz55wm.jpg

PS: I've ran a few thousand backtests using only EMA cross indicator with randomized parameters and it never did more profit than holding. It's good on stock trading which aren't this volatile.

Sorry Pablo, I think it's time for advanced bots to step in.