seanrarey
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BuyAnythingWithBitcoin.com
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November 11, 2013, 11:33:00 PM |
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No offense, but you seem to be the one trolling and confused in this case :-)
The numbers for the past 2 years are available when backlog testing. Do the math yourself and calculate your BTC gain in %
Past 6 months seems to yield a ~ 20-25 % increase in BTC compared to starting point. That 1 BTC you set aside for trading would increase to 1.20 BTC (with some luck and the right settings) based on last 6 months trading history (compared to buy and hold)
Sure it's a nice gain, 20% over 6 months is epic compared to current bank rates atm, but please dont confuse people by telling them they will see XXX % profit when it's not true
Over and out, have fun
Offense taken. Please point out where I have ever told someone they will "see XXX % profit when it's not true?"
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jbssm
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November 11, 2013, 11:36:45 PM |
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No offense, but you seem to be the one trolling and confused in this case :-)
The numbers for the past 2 years are available when backlog testing. Do the math yourself and calculate your BTC gain in %
Past 6 months seems to yield a ~ 20-25 % increase in BTC compared to starting point. That 1 BTC you set aside for trading would increase to 1.20 BTC (with some luck and the right settings) based on last 6 months trading history (compared to buy and hold)
Sure it's a nice gain, 20% over 6 months is epic compared to current bank rates atm, but please dont confuse people by telling them they will see XXX % profit when it's not true
Over and out, have fun
Offense taken. Please point out where I have ever told someone they will "see XXX % profit when it's not true?" If trade history holds, you should have more then 1 BTC in your trade account. Probably a lot more.
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Donations to the helping fund for victims of alien abduction and zombie contagion are welcome: 13U16ay4Tyvr9ZkQ3wqtReuZGaPE27wt4e
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velacreations
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November 11, 2013, 11:37:07 PM |
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This bot may be a good thing in case of a market crash in order to cut your losses... but in an upward market - and I think most of the bitcoin adopters believe that is the tendency of the market - this bot will make loose part of your BTC. If you so adamantly state otherwise, then actually show some settings that at least work for most of the time frames.
could you share a strategy or algorithm that works for most time frames?
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jbssm
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November 11, 2013, 11:47:09 PM |
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This bot may be a good thing in case of a market crash in order to cut your losses... but in an upward market - and I think most of the bitcoin adopters believe that is the tendency of the market - this bot will make loose part of your BTC. If you so adamantly state otherwise, then actually show some settings that at least work for most of the time frames.
could you share a strategy or algorithm that works for most time frames? No, because they either don't exist, or if they do they are not public... otherwise everyone would be a millionaire. In any case, that is not the issue I was trying to bring, I think the issue was very clearly stated: This bot will make you loose your BTC value and the only reason it's increasing your USD value is because the market has an upward tendency. Any cherry picked settings you put in the bot, will make you loose money (in BTC) in most of the time frames, even if in 1 or 2 they actually increase your BTC capitalization. If you state otherwise, please show us the values that support your claim.
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Donations to the helping fund for victims of alien abduction and zombie contagion are welcome: 13U16ay4Tyvr9ZkQ3wqtReuZGaPE27wt4e
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fible1 (OP)
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Merit: 1000
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November 12, 2013, 12:21:36 AM |
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Hey Guys , To the Home Team: I feel like this argument is a bit out of hand; both sides have exposed there points of view (over a couple of days), I am not going to make a judgement call, of course I am on the side of the majority, because I use the system and have found it profitable but I feel like we should avoid the fight. If our visitors feel that our evidence is not enough and that they are right then we should welcome the new point of view. To our visitors: We welcome your opinions, but I feel we are getting to the point of "I'm right and that's all there is to it," a lot of evidence (now and over 1000 posts) and more importantly, personal experience, has been presented here. If you have any suggestions for how we can improve our trading algorithm or our service, please post them publicly, we don't claim to be perfect, we are happy to improve. If you need anything at all, please just drop me an email at Pablo@Butter-Bot.com, I will be happy to take care of you. I hope we can end this argument here and all go home friends . Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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NginUS
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November 12, 2013, 12:51:32 AM |
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Yesterday & today my bot made some trades that for the first time, yielded enough profit that the bot has finally paid for itself.
I have a question, though.
All day the bot has been making many, small buys at around $320, and earlier this morning it made a couple at $306. My question is, why didn't the bot buy all it could at $306 when it had the chance? Why all the little buys all day at the higher price? It eats at profits.
Please advise.
Thank you.
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fible1 (OP)
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Merit: 1000
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November 12, 2013, 12:55:19 AM |
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Yesterday & today my bot made some trades that for the first time, yielded enough profit that the bot has finally paid for itself.
I have a question, though.
All day the bot has been making many, small buys at around $320, and earlier this morning it made a couple at $306. My question is, why didn't the bot buy all it could at $306 when it had the chance? Why all the little buys all day at the higher price? It eats at profits.
Please advise.
Thank you.
Ngin, Are you using Bitstamp by any chance? If you are it has to do with the way their API works. Either way I would be interested to see your logs, could you send them over to me? Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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NginUS
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November 12, 2013, 12:57:03 AM |
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I'm using BTC-e. How do I obtain the logs?
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fible1 (OP)
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November 12, 2013, 01:02:40 AM |
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I'm using BTC-e. How do I obtain the logs?
1. Go into the "manage extensions" page. 2. Enable "developer" mode by checking the "developer" box in the upper tool bar. 3. Go to the extension and click on the "generated_background_page.html" link. 4. When the new window opens, choose the "console tab" 5. Copy and paste the info there to pastebin.com as close to the time of your issue as possible and send it to me. And: 1. In the developer tools open the network tab. 2. If it's empty, press F5 to reload the extension and wait a few minutes until there are some requests listed. 3 Then right-click the list in the left pane and select "Save as HAR with content". Please scan the file and remove your API Key from the text and send it to us. This will help us resolve your issue much more quickly. Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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NginUS
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November 12, 2013, 01:09:15 AM |
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Sent.
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NginUS
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November 12, 2013, 01:15:33 AM |
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What should my trade fee be set to for BTC-e? I've never verified that it's set properly, and for all I know I'm overpaying.
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fible1 (OP)
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November 12, 2013, 01:19:28 AM |
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What should my trade fee be set to for BTC-e? I've never verified that it's set properly, and for all I know I'm overpaying.
Each exchange sets their fee automatically, you can not modify it. You can modify it in back testing because the fee becomes lower the more you trade and the default settings on back testing are the max for each exchange; I'm pretty sure the max fee on BTC-E is currently 0.2%. Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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NginUS
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November 12, 2013, 01:20:31 AM |
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I just noticed that. I went to settings in anticipation of an answer, and just noticed I couldn't find a fee field.
Thanks nevertheless.
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fible1 (OP)
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November 12, 2013, 01:23:12 AM |
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I just noticed that. I went to settings in anticipation of an answer, and just noticed I couldn't find a fee field.
Thanks nevertheless.
Let me know if you need anything else . Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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fible1 (OP)
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November 12, 2013, 01:24:43 AM |
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I just noticed that. I went to settings in anticipation of an answer, and just noticed I couldn't find a fee field.
Thanks nevertheless.
Just to be clear: It's not that you can't modify it on the bot, it's that you can't modify it period. Each exchange sets a trading fee based on your personal trading volume . Pablo.
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Fantastic FREE BOOKS: "Crypto Success": bit.ly/Crypto-Success; "Principles for Crypto Investment": bit.ly/Crypto-Principles; "Crypto Survival": bit.ly/Crypto-Survival'; PGP Key(s): Pablo@Pablo-Lema.com: http://pastebin.com/V8Z4WxUE
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mister_r
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November 12, 2013, 09:19:06 AM |
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Considering this already works for BTC and USD, would it be possible to hook the bot into multi-cryptocurrency exchanges and one day trade between the different cryptocoins? There are already pools that automatically mine the most profitable coin, but that value obviously only holds true for a short time, so having a bot to execute trades for multiple currencies would be a god send.
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Basaj
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November 12, 2013, 11:31:30 AM |
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I just noticed that. I went to settings in anticipation of an answer, and just noticed I couldn't find a fee field.
Thanks nevertheless.
Let me know if you need anything else . Pablo. Hi Pablo, As you can see in the thread, I have recently installed the bot and it made a trade at BTC-E on the day I installed it buying BTC @ 309. BTC is currently 344. The buy threshold 2 is 0.15 and sell threshold 2 @ 0.1 both buy and sell threshold 1's are 0. The difference in EMA (20/42) is now 2.079% according to the table on the bot in chrome so shouldn't the bot have sold my bitcoin balance already? Its probably a completely naive newbie question but just trying to get to know the in's and out's of the bot and I was under the assumption the 2.079% is more of a margin than required to sell?Essentially I just want to know if A) if my bot is operating correctly having not sold yet and B) should I change the threshold settings for a more optimal return? Any help from anyone here would be much appreciated. Cheers.
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PuertoLibre
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November 12, 2013, 03:57:51 PM |
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@ Pablo
Is the backtesting feature hardcoded to execute a sell at -16.50% ?
I am noticing a pattern that the bot uses on down trends. If it is the case, is there any possibility we could choose our own number during backtesting rather than a rigid one?
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CumpsD
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November 12, 2013, 05:52:16 PM |
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So an actual potential profit on 21% (BTC) over the past 6 months
And that profit is only on this weekends crash or ?
Anyway you proved me wrong then, but it's not the profit figures the sales letter is claiming nevertheless
yeah, basic settings, if you go back a year, it's even more. I've seen it back test 1 yr at 8500%. I'm just saying, if you back test for a month, you don't get the whole picture. Please show the settings for 8500% profit over 1 year Little calculation: Backtesting 1 year with Gox I hit max around 3550% claimed profit So buying for $1000 BTC @ $10.8 1 year ago = 92,6 BTC Current value of 92.6 btc today if I just kept them safe (370) = $34259 Butterbot results after 1 year $35500 = 95,95 BTC Actual profit in BTC after 1 year after using BB = 3,346 BTC = $1240 = 124% in profit Still a nice profit compared to buy and hold, but long away from claimed profit on buttterbot homepage (3464% profit over the last two years claimed on the on site) So Correct actual profit in BTC over past year would be around 120% compared to just buy and hold You forget to substract the price of actually paying for BB, monthly fee and initial cost :p
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seanrarey
Full Member
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Activity: 168
Merit: 100
BuyAnythingWithBitcoin.com
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November 12, 2013, 07:01:31 PM |
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I just noticed that. I went to settings in anticipation of an answer, and just noticed I couldn't find a fee field.
Thanks nevertheless.
Let me know if you need anything else . Pablo. Hi Pablo, As you can see in the thread, I have recently installed the bot and it made a trade at BTC-E on the day I installed it buying BTC @ 309. BTC is currently 344. The buy threshold 2 is 0.15 and sell threshold 2 @ 0.1 both buy and sell threshold 1's are 0. The difference in EMA (20/42) is now 2.079% according to the table on the bot in chrome so shouldn't the bot have sold my bitcoin balance already? Its probably a completely naive newbie question but just trying to get to know the in's and out's of the bot and I was under the assumption the 2.079% is more of a margin than required to sell?Essentially I just want to know if A) if my bot is operating correctly having not sold yet and B) should I change the threshold settings for a more optimal return? Any help from anyone here would be much appreciated. Cheers. The bot is reading an uptrend in the market (green). It will keep you in the market as long as this continues. It will sell when it identifies a downtrend and passes your gate settings (red).
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