BKM
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November 14, 2013, 03:53:56 AM |
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I have spent the last 20 - 30 minutes looking through this thread and the website and cannot readily identify the current version and feature set.
Many posts were made in regards to supporting LTC and V2, V3, V4 "in a few weeks" and "coming soon" - has this been done?
While I am seriously interested in this tool, I really cannot justify the purchase without some reference to the current version and a comprehensive feature list.
Edited for: one more suggestion is to please add a list of pending updates / development path - you speak to them often in the forum so seeing them organized into one place might help with communications to the fan / userbase
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Zubilica
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November 14, 2013, 04:48:35 AM |
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Pablo, can you check Below settings yesterday were : And today are : Maybe this will change by tomorrow too ?
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Odrec
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Activity: 112
Merit: 10
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November 14, 2013, 05:31:19 AM |
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As a noob, should I pay attention to the configurations posted here or should I leave the standard 20-42 configuration? The bot bought at 404 and now the price is at 385
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davider
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November 14, 2013, 05:32:27 AM |
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During these days you advice to setup a trailing stop loss in case of a huge drop? If yes, which percentage did you set?
Hi Davider , We HIGHLY discourage the use of Trailing Stop Loss (TSL) because although it is a simple enough feature to understand in principle, it is very difficult to use in combination with EMA and, unlike the rest of Butter, must be constantly monitored as the market changes. Because of this, there is no company recommended stop loss, if you do use it however, keep in mind that when TSL is triggered it deactivates the bot and you will need to reactivate it by hand so that adds another layer of difficulty. TSL was included because it was requested by a small group of expert traders for testing purposes, it is not intended to be used in normal trading. We are working on improved Stop Loss mechanisms. Please let me know if you need anything at all . Pablo. I agree with you Pablo. I'm not using that at the moment, it can be very dangerous. I was referring to the april crash scenario and I was wondering if someone did set a big threshold just in case for very bad fall (like 50%).
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luicon
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November 14, 2013, 06:10:30 AM |
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lets take this configuration as an example you start 2 years ago with 100$ and you buy at 2,4$/btc so you have 42 bitcoins and you want get more so you use the bot you start using it, and after 2 years you have: 6343$ and with that you can buy at 370$ a total of 17 bitcoins. Now you have 17 bitcoins, and the bot says you won a 6200% where is the 6200% ? you had 42 bitcoins, now you have just 17. the bot is focused into ear fiat, i want focus it into earn bitcoins!
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davider
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November 14, 2013, 06:47:59 AM |
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After losing some money daytrading I would suggest to activate the bot only when we are in bubble mode with high volatility. In normal period I would stick to buy and hold (long term trend is clearly up).
Anyway it would be great to have a BTC profit calculator and a testing time range selector in order to test such hypothesis.
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NginUS
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November 14, 2013, 07:46:03 AM |
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As a noob, should I pay attention to the configurations posted here or should I leave the standard 20-42 configuration? The bot bought at 404 and now the price is at 385 I'm a noob & I don't try all the strategies I see come through the forums, but rather stick with the settings which are recommended by the developers for my particular exchange. You'll find them a few pages back. They're listed for all 3 exchanges. 1 for Gox & another set of settings for both Bitstamp & BTC-e.
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jbssm
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Merit: 10
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November 14, 2013, 10:45:30 AM |
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lets take this configuration as an example you start 2 years ago with 100$ and you buy at 2,4$/btc so you have 42 bitcoins and you want get more so you use the bot you start using it, and after 2 years you have: 6343$ and with that you can buy at 370$ a total of 17 bitcoins. Now you have 17 bitcoins, and the bot says you won a 6200% where is the 6200% ? you had 42 bitcoins, now you have just 17. the bot is focused into ear fiat, i want focus it into earn bitcoins! That's exactly the point I was trying to make, this software is actually is eating your bitcoins away and you would have much higher profits in case you just hold on to the bitcoins and didn't use this bot.But the post owner, an worker of Butter Bot, plus a hand of very vocal commenters, keep claiming some magic settings where this doesn't happen and you get great amounts of profit. Strangely, they never actually state what those "magic settings" are, so that we can test them against the historical data and check if their claims are true. I've been trying many, many setting with Mt-Gox in this bot and it's very difficult to find one that actually wields a small profit at least in one time frame... but it's impossible to find one that actually doesn't give major losses if you account for all time frames.
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Donations to the helping fund for victims of alien abduction and zombie contagion are welcome: 13U16ay4Tyvr9ZkQ3wqtReuZGaPE27wt4e
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ewibit
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Activity: 2955
Merit: 1050
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November 14, 2013, 11:46:36 AM |
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the bot is focused into ear fiat, i want focus it into earn bitcoins!
this is the only that is important! I will only buy if this is approved with facts..
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Gentle_bend
Newbie
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Merit: 0
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November 14, 2013, 11:48:57 AM |
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Hi Guys, I'm observing Luicon and jbssm arguments and it's hard to disagree. Some of us play with BTC to earn more fiat but ther is a group (believe it or not of people who believe that fiat is long time gone and it's downhill from here (you saw this http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884... however useles it is post factum) so possessing bitcoins may have way more sense in the future. Btw, should we believe Coinsetter saying that institutional and venture capital to stabilise growth http://blog.coinsetter.com/2013/11/10/bitcoin-price-explosion-isnt-bubble/ and it's not a bubble? Concerning TSL, would it be possible to have a price displayed at witch your set TSL value will sell and switch of the bot? Bendix
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jbssm
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Activity: 71
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November 14, 2013, 11:54:57 AM |
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the bot is focused into ear fiat, i want focus it into earn bitcoins!
this is the only that is important! I will only buy if this is approved with facts.. And the fact is, if you just buy bitcoins for fiat, let them sit, sell bitcoins for fiat, you would have a much higher profit in fiat with that absolutely simple strategy than by using this bot (and pay in fiat for using it every month).
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Donations to the helping fund for victims of alien abduction and zombie contagion are welcome: 13U16ay4Tyvr9ZkQ3wqtReuZGaPE27wt4e
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Odrec
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November 14, 2013, 11:55:55 AM |
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Hmm this is worrisome if true. Less bitcoins is not a good thing.
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vesperwillow
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November 14, 2013, 01:19:43 PM |
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It can be seen that way, and it can be seen that it makes you money. Both situations occur at times, you have to ride out the storm. I was skeptical for this reason at first too but once I gave it a shot for awhile and saw the patterns emerging, I was convinced and bought a license for the bot.
Since then it's paid for itself and tripled my small investment. I also hold bitcoins, as that's a good long-term strategy as well. Do both, there's nothing wrong with it. You can even trade by hand, many people do that. I can't because I'm not able to get into my exchange easily during work.
The settings are crucial, you have to find what you're comfortable with. I still try different ones out, and sometimes from it I lose, but the point is you can set the bot up in a conservative manner and you'll make steady profit, or you could be very aggressive and see what happens. Odds are if you're too aggressive, the bot will lose your coins.
I tried some more aggressive settings yesterday and overall I lost .07btc, and am currently re-evaluating my math. That's just part of it.
But, it's not such a terrible loss considering the .07btc which 'vanished', I never had to begin with a week ago anyhow, and I'm still "up" overall.
Some folks may not post their settings because if swarms of people started using them, it might make their settings less valuable.
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KamiN
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November 14, 2013, 01:42:32 PM |
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Since you say automated backend testing is resourceful (understandable ) - isn't it possible to download the "database" of the market over the last 1/3/6/12(+?) months and do the testing locally? That way all calculations would be done on the machine itself so it's not using all the resources of whatever server it is using for backend testing.
Just a random idea that might be handy..
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PuertoLibre
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November 14, 2013, 01:44:36 PM |
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After losing some money daytrading I would suggest to activate the bot only when we are in bubble mode with high volatility. In normal period I would stick to buy and hold (long term trend is clearly up).
Anyway it would be great to have a BTC profit calculator and a testing time range selector in order to test such hypothesis.
Agreed, I would love to backtest several schemes against a down market trend and not just against a bubble like we have been for the last 2 months.
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Odrec
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November 14, 2013, 01:47:55 PM Last edit: November 14, 2013, 02:08:18 PM by Odrec |
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I'm more interested in multiplying my bitcoins than my dollars so maybe this bot is not for me. I'm going to try the trial to see how it goes though...
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vesperwillow
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November 14, 2013, 02:28:04 PM |
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All you guys have to do is setup EMA calculation in a spreadsheet like Excel, and run the exchange data into it. You could set it up so it shows many different strategies at once, and pick the ones which best suit your tastes.
Each exchange really needs its own settings because of the variation, so you could then choose one based on each exchange, and setup 1 bot instance per exchange.
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velacreations
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November 14, 2013, 04:29:51 PM |
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But the post owner, an worker of Butter Bot, plus a hand of very vocal commenters, keep claiming some magic settings where this doesn't happen and you get great amounts of profit. Strangely, they never actually state what those "magic settings" are, so that we can test them against the historical data and check if their claims are true. I posted several sets of settings that beat buy and hold by a large margin.
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velacreations
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November 14, 2013, 04:37:21 PM |
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All you guys have to do is setup EMA calculation in a spreadsheet like Excel, and run the exchange data into it. You could set it up so it shows many different strategies at once, and pick the ones which best suit your tastes.
Each exchange really needs its own settings because of the variation, so you could then choose one based on each exchange, and setup 1 bot instance per exchange.
Look at this thread: https://bitcointalk.org/index.php?topic=60501.msg736808#msg736808
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velacreations
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November 14, 2013, 04:41:02 PM |
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7900% beats B&H by almost 200%
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