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

[Bloodislav]

Alright whatever that's suppose to mean, thank you.

[fible1]

Alright whatever that's suppose to mean, thank you.

Bloodislav,
  I got your email and your data, we will email you when we have a solution for you; you should not be seeing any message as we are currently "all systems normal." It is likely a system specific issue.

Pablo.

[fible1]

Does everyone who uses BTC-e have to reset their bot because of this fix you implemented?

Hi Ngin,
  No, you only need to reset if the issue has not resolved itself.

Pablo.

[Grinny]

Is anyone else having issues with Bitstamp API? It stopped working for me approx 2.5h ago.

[fible1]

Is anyone else having issues with Bitstamp API? It stopped working for me approx 2.5h ago.

Hmmm,
  That's strange, it looks normal on our end.

Could you please send me your console outputs? Or drop me an email at pablo@butter-bot.com and I will send you instructions on how to get the console outputs please.

Pablo.

EDIT: Anyone else having this issue?

[ghostshirt]

Is anyone else having issues with Bitstamp API? It stopped working for me approx 2.5h ago.

Hmmm,
  That's strange, it looks normal on our end.

Could you please send me your console outputs? Or drop me an email at pablo@butter-bot.com and I will send you instructions on how to get the console outputs please.

Pablo.

EDIT: Anyone else having this issue?

I had the same issue up until a while ago. Seems OK at the moment.

[seanrarey]

Is anyone else having issues with Bitstamp API? It stopped working for me approx 2.5h ago.

Bitstamp appears to continue to suffer API problems.  Butter did not update for me for most of the night, neither did other services such as Bitcoinity.  Butter appears to be getting data for the moment, but Bitcoinity is still showing errant information.

[seanrarey]

Alright whatever that's suppose to mean, thank you.

Bloodislav, check back in the forum at least a few days for posts that may help you with any given issue.  One of the things you will find are posts as to why you should be steering clear of GOX at the moment.

[fible1]

Looks like the Bitstamp issue was scheduled downtime, should be back online now .

Pablo.

[flyboy]

So far I'm going to so no to butterbot

Started it on Friday with default settings for gox

Started with 7.9 @ 195ish

First sale 188$ the lowest point this weekend.

First buy 205$ very close to the high for the weekend.

I went from 7.9 to 7.2 in two days.

At this rate I will be broke in a month.

[bassclef]

So far I'm going to so no to butterbot

Started it on Friday with default settings for gox

Started with 7.9 @ 195ish

First sale 188$ the lowest point this weekend.

First buy 205$ very close to the high for the weekend.

I went from 7.9 to 7.2 in two days.

At this rate I will be broke in a month.

Sounds like you need to read more about ema trading. Many, if not most, of the trades will be unprofitable.

[flyboy]

sounds to me like I just need to hold BTC.....

[flyboy]

So far I'm going to so no to butterbot

Started it on Friday with default settings for gox

Started with 7.9 @ 195ish

First sale 188$ the lowest point this weekend.

First buy 205$ very close to the high for the weekend.

I went from 7.9 to 7.2 in two days.

At this rate I will be broke in a month.

Sounds like you need to read more about ema trading. Many, if not most, of the trades will be unprofitable.

by the way, thats an 8.8% loss in one trade...

[fible1]

So far I'm going to so no to butterbot

Started it on Friday with default settings for gox

Started with 7.9 @ 195ish

First sale 188$ the lowest point this weekend.

First buy 205$ very close to the high for the weekend.

I went from 7.9 to 7.2 in two days.

At this rate I will be broke in a month.

Sounds like you need to read more about ema trading. Many, if not most, of the trades will be unprofitable.

by the way, thats an 8.8% loss in one trade...

Hi Flyboy ,
   With EMA about 70% of your trades will be small loss trades and the 30% profit trades should cover any losses plus a decent profit. Now when there is extreme volatility you get what in mathematics are called "mean deviators" profit or loss trades that are way out of the expected average range. It is because mean deviators are inevitable in any market, especially one as volatile as Bitcoin, that we say EMA is a long term strategy; it takes a large number of trades (the more the better) to bury mean deviators and for the math behind EMA to kick in (Think: The Law of Large Numbers).

We have had this discussion in the thread before and people using our bot tend to come out ahead over the long term. In the short term, we acknowledge that trades like the one you experienced may happen because a small number of trades will tend to produce random results (be they profit or loss). You have to either decide to stick with it long term or not do it at all; this is not a "Get Rich Quick" scheme.

Please let me know if you need anything at all .

Pablo.

[blo8i]

i was just wondering, how did the bot go doing the "booom" when bitcoin went from 130 to 220?

[flyboy]

Can u make a bot that starts at say X and if the value drops 2$ you buy and if it increases 4$ you sell?

[fible1]

i was just wondering, how did the bot go doing the "booom" when bitcoin went from 130 to 220?

I hope we get some feedback from others but here goes me:

Bought in around 120's I believe, Held past the 170's plateau when everyone wanted to sell (see previous posts), then went to the peak and sold in the upper 180's.

I don't have the exact figures on me but that's more or less it. I'm test running really slow settings so others may have fared slightly differently.

Pablo.

P.S. I got bought in at the upper 170's again and now we're back to the 190's so it's been a good couple of days .

[flyboy]

It doesn't make since to have a bot that buys or sells at a loss. It's math. If the bot sold at 188 it should know not to buy back at 205...

[fible1]

Can u make a bot that starts at say X and if the value drops 2$ you buy and if it increases 4$ you sell?

Hey ,
  Do you mean a bot that will buy if the price halves and sell if the price doubles?

There is a lot that can for wrong with that, we have been discussing reverse EMA for a while that does something similar (but better) with EMA indicators. Maybe something we can pursue when we get some free development time. Got a lot going on right now .

Pablo.

[fible1]

It doesn't make since to have a bot that buys or sells at a loss. It's math. If the bot sold at 188 it should know not to buy back at 205...

Hi Flyboy ,
  I explained above how mean deviating trades happen, it's not about this bot or a bot, all trading systems are subject to mean deviating trades because when looked at independently each trade can be seen as the result of randomness; only when you aggregate them and look at them as averages over the long term can you make an accurate observation about the trading system. In other words, you can't judge any trading system at all by a single trade or a small group of trades.

Please take a look a deeper look into trading systems and the mathematical principles I have explained to you and you will understand will see what I mean .

Please let me know if you need anything at all :=).

Pablo.