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

[fible1]

I'm a new user and I know this is a 'long term' strategy but I've been tracking the buys and sells and in the past few days the bot has bought high and sold low - I've lost 10% - I know silk road was just shut down and there was a panicked sell off but here is an example of the buy sells that I'm seeing:

Yesterday
2:08 PM – bitstamp triggered buy $127.50
2:08 PM – btce triggered buy $124.30
Today
2:08 PM – btce sell order triggered $94.90
2:07 PM – bitstamp sell order triggered $93.00

Is this just because of the blip or is this thing out to get me??  This would be a big deal but I'm trading a low volume while I figure out how the software works...

BTW - I've configured the recommended settings - 2 hours, 0/.25 for both buy & sell - 7 minute tick, etc.  following the setup guide.  Looking at the charts for the exchanges I see that the swing probably started and stopped too quickly for a 2 hour window (hence the 'long term strategy comment') I'm just wondering if this is expected.  It's as if I've configured the software backwards!

Hi Pacojones ,
    With EMA, you are expected to have a higher number of loss trades than profit trades, but the loss trades are expected to be very low, a couple of dollars, as you have seen. The profit trades should over the long term far outweigh the couple of dollars you will loose with the small loss trades. This is why EMA is a long term strategy, the higher the number of trades you see, the more likely that mean deviators will blend into expected returns. In the short term you could see a couple of loss trades or a couple of profit trades, it really doesn't mean much; think: "The Law of Large Numbers," and you will get what I mean.

Unfortunately today's crash is a huge mean deviator, nothing we can do about that, we just have to let the bot keep doing it's job and let a larger number of trades average things out.

Please do not hesitate to contact me if you need anything .

Pablo.

[dextryn]

All of the sudden, I've lost my graph images.  On the drop down and in the options.  Is this down for everyone?

[fible1]

All of the sudden, I've lost my graph images.  On the drop down and in the options.  Is this down for everyone?

Hey ,
   We source the graphs and it looks like the supplier has been having issues since the crash. Seems like the graph is coming and going but the bot seems to work fine. I would give it a few hours until things settle down a bit and then reset the bot; that should solve it if the graph does not return on it's own before that.

Instructions to reset the bot:

1. Please enter this address into your Chrome address bar: chrome://extensions/
2. "Untick" the "enabled" button, count to 10 and then "Retick" the button.

This should resolve the issue, if it does not, please let me know, I will be happy to track the issue down further for you  .

Pablo.

[Vagnavs]

same here. Is it possible to get a one-week trial? You mentioned running it 4-6 days.. But given a 3 day testing trial. Maybe it's good marketing sense
but whatever the case may be, can I get an extension since it isn't working properly?
Regards,
Brian

[fible1]

same here. Is it possible to get a one-week trial? You mentioned running it 4-6 days.. But given a 3 day testing trial. Maybe it's good marketing sense
but whatever the case may be, can I get an extension since it isn't working properly?
Regards,
Brian

Hi Brian ,
    Please feel free to download another demo, I think the limit is 6 demos; you should be able to continue using the bot without issue .

Please let me know if you need anything .

Pablo.

[NginUS]

Hi,

I'm new to ButterBot, and I'm currently spending time reading through this long thread to get up to speed with what the user community has to say about the software. I'm only at page 15 so far, and already I feel compelled to add a reply to the thread.

I have a few suggestions to make that might make it easier for noobs to become familiar with the software, & to make it easier to track performance.

One being the development of an index of the 'Discussion' the main ButterBot website links to here, so that new users can navigate to the page in this thread where their particular version begins being discussed. It might also be helpful to index other pages / topics as well that are scattered throughout the thread.

Another suggestion is with regard to the design of the bot itself, in that I would find it helpful if it could integrate with the My-BTC.info website and automatically populate my account there with transaction data so that I don't have to go through each email I get from the bot telling me about the trades it made to enter them manually into the website for tracking my profit & loss.
 
In actuality, my bot is so new, that it has yet to execute a trade yet, so I still have yet to know if the email it sends me will include sufficient information for me to use it as a source of data entry for updating My-BTC.info, I hope & assume it is.

That's all I've got for now.

[fible1]

Hi,

I'm new to ButterBot, and I'm currently spending time reading through this long thread to get up to speed with what the user community has to say about the software. I'm only at page 15 so far, and already I feel compelled to add a reply to the thread.

I have a few suggestions to make that might make it easier for noobs to become familiar with the software, & to make it easier to track performance.

One being the development of an index of the 'Discussion' the main ButterBot website links to here, so that new users can navigate to the page in this thread where their particular version begins being discussed. It might also be helpful to index other pages / topics as well that are scattered throughout the thread.

Another suggestion is with regard to the design of the bot itself, in that I would find it helpful if it could integrate with the My-BTC.info website and automatically populate my account there with transaction data so that I don't have to go through each email I get from the bot telling me about the trades it made to enter them manually into the website for tracking my profit & loss.
 
In actuality, my bot is so new, that it has yet to execute a trade yet, so I still have yet to know if the email it sends me will include sufficient information for me to use it as a source of data entry for updating My-BTC.info, I hope & assume it is.

That's all I've got for now.

Hi NginUS ,
       Indexing the thread is a good idea, I have also personally thought about including a forum where the Butter-Bot community can interact on the main page but I am yet to find software I am comfortable with for this particular application.

About integrating with my-btc.info; that's actually a very interesting idea. I will bring this up at our next staff meeting for consideration. In the end though, it may be easier to just do a custom solution for tracking trades; I'm just spitballing here, we have a lot going on right now with new a new bot version to be release this week (V2.2) and some other surprises so development time is a bit limited. We'll look into it and see what happens .



Pablo.

[fible1]

*******************************
New Release (V2.2)
*******************************

Friends,
   V2.2 will be going out shortly, it includes the following improvements:

1. The ability to back test each exchange independently with it's own data.
2. Back testing automatically adjusts to each exchanges default fee.
2.The ability to set a starting balance (IE: 100 USD) and see an ending balance after your test period (IE: 1000 USD).
3.  Buttons now provide visual feedback.
4. Back testing has a progress indicator.
5. API secret is blanked out (like a password)
6. Several other visual and under the hood improvements.

Please feel free to post any comments you may have, also please contact me if you are a current customer and you do not receive the updated software within the hour.

Note: We have also extended the trial period on the website from three days to one week .

Pablo.

Pablo.

[Grinny]

YAY! Great work and damn cool features!


Just a small "cosmetic issue"

The message:
"There is a new Butter Bot version available. Download"
won't disappear for me after installing the current version.

(no, i haven't restarted my browser yet - and i don't want to^^)

[fible1]

YAY! Great work and damn cool features!


Just a small "cosmetic issue"

The message:
"There is a new Butter Bot version available. Download"
won't disappear for me after installing the current version.

(no, i haven't restarted my browser yet - and i don't want to^^)

Hi Grinny ,
   We will look into this now; please ignore it for the time being, it will not affect your trading.

(You may need to restart the extension though)

Pablo.

[fible1]

YAY! Great work and damn cool features!


Just a small "cosmetic issue"

The message:
"There is a new Butter Bot version available. Download"
won't disappear for me after installing the current version.

(no, i haven't restarted my browser yet - and i don't want to^^)

Hi Grinny ,
   We will look into this now; please ignore it for the time being, it will not affect your trading.

(You may need to restart the extension though)

Pablo.

Hey ,
   We tracked down the issue, it was just a small glitch on our server. Anyone having this issue please just reset your bot and the issue will be resolved .

Pablo.

[Grinny]

YAY! Great work and damn cool features!


Just a small "cosmetic issue"

The message:
"There is a new Butter Bot version available. Download"
won't disappear for me after installing the current version.

(no, i haven't restarted my browser yet - and i don't want to^^)

Hi Grinny ,
   We will look into this now; please ignore it for the time being, it will not affect your trading.

(You may need to restart the extension though)

Pablo.

Hey ,
   We tracked down the issue, it was just a small glitch on our server. Anyone having this issue please just reset your bot and the issue will be resolved .

Pablo.

worked for me! thx!

[seleme]

Hi guys, haven't checked this for a while... is there any news about btc-e altcoins feature?

And maybe it is a time to check mcxnow too, their popularitiy is growing by day.

[fible1]

Hi guys, haven't checked this for a while... is there any news about btc-e altcoins feature?

And maybe it is a time to check mcxnow too, their popularitiy is growing by day.

Hi Seleme ,
   We are working on hosting right now, after that is released we will most likely roll out Altcoins pretty quickly .

Please let me know if you need anything .

Pablo.

[fible1]

*********************************
Starter Settings Announcement:
*********************************

As those of you who have explored the new tools have likely noticed, there is a difference in how EMA works between high and low fee exchanges; based on internal back testing we have adjusted recommended "Starter" settings to the following:

We recommend the following starter settings for Mt. Gox:

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 shorter time window should also make things more exciting to watch )

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

Please do not hesitate to let me know if you have any questions .

Pablo.

[Grinny]

Are you sure about your settings, Pablo???

0/0.15
0/0.10

30min
Bistamp?

Gives me only 70% within 1 year and a loss on any other time span...

while my settings forecast a 960% earning....

[NginUS]

while my settings forecast a 960% earning....

I want to know what your settings were...

[seanrarey]

Are you sure about your settings, Pablo???

0/0.15
0/0.10

30min
Bistamp?

Gives me only 70% within 1 year and a loss on any other time span...

while my settings forecast a 960% earning....

Based on the ability to test on all three exchanges now, it looks to me like GOX is the place to trade EMA.  I have had better using RSI (not butter bot of course) on Bitstamp.

[Grinny]

To be honest: I'm verrry irritated now.
The Bitstamp-Preset that Pablo presented is actually one of the worst i ever saw within butterbot - regarding the automated backtesting results.
But since Pablo is the dev, I trust his analysis on backtesting...
...this leads me to the assumption, that perhaps there's s.th. wrong with my butterbot?

I added an image that shows the mentioned setting along with some old setting i used a while ago.
Perhaps Pablo is able to clarify what's the matter here...

[seanrarey]

Grinny, if you are looking for settings that are applicable to moving forward in your trading strategy, I would suggest that crypto is evolving, and so are it's trends.  6 months ago is not an accurate picture of where the currency is now, or where it will be tomorrow.  I would look closer at the numbers when evaluated over the last two months to formulate your strategy going forward.