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

[fible1]

******************
Closed
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Please note that Butter-Bot is no longer active.

  
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Testimonials:

1 "Its a very very good introduction to bitcoin trading using a well-known trading algorithm.
Recommended."
empoweoqwj, bitcointalk.org

2. "So far I am very pleased and nearly willing to commit even larger amounts of money to this bot as it has already paid for itself."
lalicat, reddit

3. "Based on the functionality and the enthusiasm and friendlyness of the person who wrote it, I would highly recommend it if you're looking for an automated trading bot..."
http://btclag.org/?p=211

4. "And i have to say they do live up to their support claims. They are very prompt in there response and really helpful.
After i reported a bug they released a update within 24 hours."
bizmar, bitcointalk.org

**************
NEW RELEASE
**************

V2.4 has been fully released!

Change log:

* Allow for configuring exchange specific trade settings - This is the biggie! You can now set override settings for each exchange so that you can trade each exchange individually.

* Bot is disabled on installation by default.

* Graphs now show override settings

* Fixes for trading issues on Mt. Gox

* You can turn trading at exchanges ON and OFF independently

* Asynchronously load graph images - You will no longer have problems loading graphs when BitcoingCharts.com is down.






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

V2.1 has been fully released! FREE UPGRADE to current customers.[/u]

Includes:

* Backtesting of user strategy settings

* Bitstamp integration

* Time offset allows for ticking n minutes before/after the normal tick

* Several minor UI improvements and bug fixes

* Color codes consider user settings instead of the fixed 0.25% values

* Add 2, 6, 12, and 24 hour intervals

* Adapt timespan of graphs to trade interval

* Ability to select a "default" exchange











And much MORE!

*******************************

EDIT: The easiest way to get the bot is to go to our new web store: www.Butter-Bot.com or contact me at Pablo@Butter-Bot.com.

RUNS ON: Windows with Chrome Installed, OSX with Chrome Installed, and Linux with Chrome and X Installed.

EDIT: Please try out the suggested settings in post #16 below.

EDIT: Please keep in mind that with your purchase you receive unlimited access to skype with us, email us, and call us during the setup and initial operation phase of your bot, free! I am here to serve your needs and make your experience as profitable as possible! .

We are here to help so whatever questions you may have, just let us know .

Please remember that the only safe place to get your copy of Butter-Bot is www.Butter-Bot.com.

Best,
  Pablo.
Pablo@Butter-Bot.com

[fible1]

*****************
Starter Settings
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We recommend the following starter for all exchanges in the current market:

Short EMA: 15    Long EMA: 31
Buy 1: 0    Buy 2: 1
Sell 1: 0    Sell 2: 1
1 hour time window.

Please also make sure to set a tick offset.

Please contact me if you have any doubts:).

Pablo.

[davidspitzer]

Hi,
  I took the basic code here https://bitcointalk.org/index.php?topic=67591.260 and had it completely re-written in JQuery and heavily modified in the following ways:

1. The code has been completely rewritten in JQuery.
2. The bot is now completely stable, I have had it running for 2 weeks, it doesn't crash anymore.
3. You can set different trading windows, 1 minute, 15 minutes, 30 minties, 45 minutes and 1 hour.
4. You can set two different threshold for buy and sell commands. You will be notified when the EMA value passes threshold 1 but the bot will only trade after the EMA value has passed threshold 2. Thats 2 threshold for buy and 2 thresholds for sell that you can set.
5. The bot now displays a beautiful graph to show you the trend.
6. There is an arrow on the display showing whether the trend is going up or down.
7. The bot will EMAIL YOU once a threshold has been crossed and once a trade has been made (beta), please note you need a FREE account at postmarkapp.com, which grants you 10,000 free emails, thats about 8 years worth of free bot operation.

Upcoming:

1. Segregation of funds on MTGOX, trade only what you want to trade.

I am selling copies of this bot WITH the source code and compiled as an extension for 1 BTC. There is nothing to stop you from distributing the bot but I will be making continuos upgrades to the bot and will give these at a discount or free depending on the upgrade to those who have purchased the code from me directly. I will also take requests for new features.

Its a great piece of code and I have been using it profitably for the past few weeks and made over 100% profit given the radical market.

PM me if you are interested in purchasing a copy and joining the approved client list for future upgrades. I will offer a full refund if any of the features do not work as expected (which they do). I will charge 0.8 BTC to the first three people who buy a copy and commit to writing a review, I don't care if the review is positive or negative, you still get the discount.

Pablo

have you tested it with a yubikey?

[fible1]

Hi,
  I took the basic code here https://bitcointalk.org/index.php?topic=67591.260 and had it completely re-written in JQuery and heavily modified in the following ways:

1. The code has been completely rewritten in JQuery.
2. The bot is now completely stable, I have had it running for 2 weeks, it doesn't crash anymore.
3. You can set different trading windows, 1 minute, 15 minutes, 30 minties, 45 minutes and 1 hour.
4. You can set two different threshold for buy and sell commands. You will be notified when the EMA value passes threshold 1 but the bot will only trade after the EMA value has passed threshold 2. Thats 2 threshold for buy and 2 thresholds for sell that you can set.
5. The bot now displays a beautiful graph to show you the trend.
6. There is an arrow on the display showing whether the trend is going up or down.
7. The bot will EMAIL YOU once a threshold has been crossed and once a trade has been made (beta), please note you need a FREE account at postmarkapp.com, which grants you 10,000 free emails, thats about 8 years worth of free bot operation.

Upcoming:

1. Segregation of funds on MTGOX, trade only what you want to trade.

I am selling copies of this bot WITH the source code and compiled as an extension for 1 BTC. There is nothing to stop you from distributing the bot but I will be making continuos upgrades to the bot and will give these at a discount or free depending on the upgrade to those who have purchased the code from me directly. I will also take requests for new features.

Its a great piece of code and I have been using it profitably for the past few weeks and made over 100% profit given the radical market.

PM me if you are interested in purchasing a copy and joining the approved client list for future upgrades. I will offer a full refund if any of the features do not work as expected (which they do). I will charge 0.8 BTC to the first three people who buy a copy and commit to writing a review, I don't care if the review is positive or negative, you still get the discount.

Pablo

have you tested it with a yubikey?

No, but I'm not sure what you would need the Yubi Key for. As far as I'm aware, the API access is independent; for example, I am using One Time Passwords with an Authenticator and I have no problems running the bot.

Let me know if this doesn't answer your question, I am here to help.

Best.

[davidspitzer]

The question was not clear, sorry. I use a yubikey to login to mtgox. I just wanted to make sure that your extension worked in that login method.

Would you have any documentation or a sceencast of it in action? I am interested in it and want to learn a little bit more.

Are the buy and sell thresholds based on percentage changes or fixed dollar amounts?

Once a buy and sell pair is executed - does one then set new levels or does it auto trade at the spread continuously? I am not sure if I am phrasing the question correctly, but I am trying to differentiate what your extension does that can not be accomplished be placing an order at a given price either for a buy or sell directly on MTGOX and then waiting for the price to drift and fill it. I ask this question in earnest as your product sounds very interesting


ps i would be willing to write a review

Thanks

David

[fible1]

The question was not clear, sorry. I use a yubikey to login to mtgox. I just wanted to make sure that your extension worked in that login method.

Would you have any documentation or a sceencast of it in action? I am interested in it and want to learn a little bit more.

Are the buy and sell thresholds based on percentage changes or fixed dollar amounts?

Once a buy and sell pair is executed - does one then set new levels or does it auto trade at the spread continuously? I am not sure if I am phrasing the question correctly, but I am trying to differentiate what your extension does that can not be accomplished be placing an order at a given price either for a buy or sell directly on MTGOX and then waiting for the price to drift and fill it. I ask this question in earnest as your product sounds very interesting

Thanks

David

David,
   Regarding the YubiKey issue, you really won't have a problem, the bot uses API access which is different from log in. You should in general NOT use programs that ask for your login credentials. API access is different in that you can limit access to ONLY let the bot read prices and trade.

To get a full overview of the trading strategy I suggest this link: https://bitcointalk.org/index.php?topic=60501

The great, great, grand daddy of my bot had its birth and currently lives in this thread: https://bitcointalk.org/index.php?topic=67591.0 and it has been widely disccussed.

Now to your questions:

Once the buy/sell pair is executed it will measure the market at the time you set (I use thirty minutes) and take a measurement of the difference in EMA values. The threshold EMA values are set by you and they are what the bot trades by. You have to really take a look at the first link to understand the strategy but basically it identifies trends. The bot will judge the trend as an expressed percentage in the difference between EMA values (10/21: but this can be modified by you )and buy and sell accordingly.

Now to your second question: the bot is peridoically calculating the EMA values, it keeps track of them to identify trends, you can't really do this by hand and set buy and sell orders in any remotely comfortable way. You would have to be on your laptop doing calculations for every time frame. Thats the core of the bot, it identifies trends and acts on them 24/7. It has complimentary features, like email notifications, graphs and EMA value and threshold tables but at its core it is designed to act on trends. It uses time frames to ignore the normal ups and downs of the market thats why a medium time frame is generally better than a 1 minute time frame.

To give you an example: it got me out of the crash a couple of days ago at around 143 if I recall correctly and it hit 85, it didn't buy again until it hit 96, but then it hit 112 I think and it sold again so that was a profitable day. It wont get you in at the lowest price and out at the highest, but it will get you in at a lower price and generally sell at a higher if the market is going up and not sell to low if the market is crashing. Its been very profitable to me so far.

A final note: I don't use this as a high frequency trade bot, you can set it to 1 minute and have it trade that way, but I use it with a 30 minute setting you should see about 2-3 trades every 24 hours. I haven't messed with the high frequency feature so I'm not saying that if thats what you want do that you shouldn't do it, I'm just saying that it has been profitable to me in the way I have described.

Let me know if you have any further questions.

[fible1]

We just had our third customer! Price is now officially 99 USD. I may be inclined to make a smaller discount for people who write reviews, just PM me.

[fible1]

I wrote this list to a new customer and I thought it would be valuable to have it on the thread:


Dear XXX,

I have a couple of suggestions while we wait for your payment to verify:

1. Read at least the first couple of pages of Gomboo's journal that I linked you earlier to get a feel for the trading strategy.

2. Get a free account at postmarkapp.com and set up a virtual server so the bot can email you.

3. I wouldn't suggest messing with the 10/25 long and short values that come preset until you have a thorough understanding of EMA trading strategy.

4. I would set all thresholds to .25 and let the bot run for 1-2 days with VERY LITTLE cash in the account. Then what you need to do is identify what you think your values should really be so that the bot takes advantage of the current opportunities in the market and revisit these values every so often (I set mine a couple of weeks ago and haven't changed them yet). I won't tell you what mine are because thats where our interests start to conflict, but I will give you this pointer .25 for the final buy threshold is SLIGHTLY high in my opinion and .25 for the final sell threshold is VERY high in my opinion. You will be able to make your own decisions here one you let the bot do a few trades and you identify missed opportunities because of the thresholds. This will take a few days.

5. When the bot first loads and you enter your keys for all the services for the first time, give it 5 minutes or so to load, if it doesn't load then reset it and give it another 5 minutes. I've NEVER had it take more than two tries to load after initial setup.

If you have ANY questions, let me know before you mess with the settings, I'm here to help.

Best.

[empoweoqwj]

I have just bought a copy of the software and received it. Will post review within the next week, should be interesting!!

[fible1]

Copy of the control panel of the next generation of this bot (in the works)!!!!:

[davidspitzer]

I purchased a copy and received the software quickly  - very courteous and professional  - I will write a full review near the end of the week after some trials

.75 BTC was dropped in MTGOX and converted to USD - the extension was set loose with virtually stock settings. I will check back in, over the next few days and tally its progress - Success may be predicated on my fine tuning of the settings but so far the extension appears to work as advertised - I am excited to see more from fible1

[ewibit]

We just had our third customer! Price is now officially 1 BTC. I may be inclined to make a smaller discount for people who write reviews, just PM me.

are there all updates included?

[fible1]

We just had our third customer! Price is now officially 1 BTC. I may be inclined to make a smaller discount for people who write reviews, just PM me.

are there all updates included?

Regarding the current version:

All the updates mentioned in the thread are included in the current version.

If you were asking about future updates:

Most updates in new versions will be included free unless they involve major features like a new bot on top of the trading bot. If the update isn't free it will never be more than 20-25 USD BTC, always optional and I will probably be able to separate major updates from minor updates in different branches so that people who don't want to pay for the major updates can still have the minor updates included in the major ones for free.

Any other questions, I'm you man .

Best.

[🏰 TradeFortress 🏰]

Most updates in new versions will be included free unless they involve major features like a new bot on top of the trading bot. If the update isn't free it will never be more than 0.25 BTC,

Don't price things in BTC over a long period of time. When/if BTCUSD is $17, you'd probably want to rethink what you promised.

[fible1]

Most updates in new versions will be included free unless they involve major features like a new bot on top of the trading bot. If the update isn't free it will never be more than 0.25 BTC,

Don't price things in BTC over a long period of time. When/if BTCUSD is $17, you'd probably want to rethink what you promised.

Yes, thats a solid point, I just changed the price schedule to USD .

Thank you for the pointer!

Pablo .

[fible1]

I wasn't going to include "suggested settings" because I feel that best results can be had when people familiarize themselves with the bot and make there own decisions; but for the impatient among you I will tell you what I am trading with and making a profit on (keep in mind that the more people that use these settings the less profitable they will become):

We recommend 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.


The difference in settings lies in the fact that EMA works differently between high trading fee and low trading fee exchanges.

Best .

Pablo.

[maverick1337]

I'm very interested in your bot but I have 3 questions. What if I want to sell/buy on my own, does that mess up the bot? Also, can I have it buy off a certain trade frequency, say H1, but have it sell off a different frequency like M15? One last thing, this is a chrome extension right, so can I use it on my Mac and/or PC? What if I log-in to another computer and have it sync over my extensions, does that mess up the bot?

Thanks in advance.

[fible1]

I'm very interested in your bot but I have 3 questions. What if I want to sell/buy on my own, does that mess up the bot? Also, can I have it buy off a certain trade frequency, say H1, but have it sell off a different frequency like M15? One last thing, this is a chrome extension right, so can I use it on my Mac and/or PC? What if I log-in to another computer and have it sync over my extensions, does that mess up the bot?

Thanks in advance.

Hi Maverick,
   
1. If you want to buy/sell on your own, you need to stop the bot, it will interfere with your trades. Trading by hand however, defeats the point of the bot as it is meant to work for you 24/7 and without emotion which is where most traders loose their edge.

2. You can modify EMA crossover values, they are currently set at 10/21 crossover. I wouldn't recommend messing too much with this setting unless you understand the strategy behind EMA trading well.

3. You can use the extension on a Mac or PC, it doesn't make a difference but you shouldn't let it sync to other computers. Also, you can run multiple instances of the extension but for different gox accounts, otherwise it will mess with the logic of the bot.

I hope this answers your quesitons, any other doubts you may have, I'm your man .

Best.

[fible1]

PROMO!!!!

I will give 5 USD off to the next three people who purchase a product and write a review. It doesn't matter if the review is positive or negative, you still get the discount!!!

Just PM me .

Pablo.

[fible1]

Our first review! Wu Hu!!!!!

http://www.reddit.com/r/BitcoinMarkets/comments/1dxl54/initial_glancereview_of_mtgox_ema_trading_bot/