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

[Kuroth]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

[itod]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

[Kuroth]

Ahhhhhh  NOW I see what is going on here..  A lot of crying from people that wished they had purchased this Bot back in June or July....  Now I see whats going on..   

[jbssm]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

Ahahah. You do realize that the price increased 8x since July, don't you? You should have made 9600$ not 6000$ if you just let the BTC quietly alone. LOL

[Kuroth]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

Ahahah. You do realize that the price increased 8x since July, don't you? You should have made 9600$ not 6000$ if you just let the BTC quietly alone. LOL

Not if I pulled out 4K profits in cash..  You seem to have issues with basic math skills.. 

[jbssm]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

Ahahah. You do realize that the price increased 8x since July, don't you? You should have made 9600$ not 6000$ if you just let the BTC quietly alone. LOL

Not if I pulled out 4K profits in cash..  You seem to have issues with basic math skills..  

Forgive me Obi Wan. So... 1K+2K+1K+3400 is much, much, muchhhh higher than 9600$
How couldn't I see that you where absolutely correct.

P.S. - Please use correct gramar next time. You said: "As of today I have made right at $6,000 off my $1200 investment". So it means that you made 6000$, but seems like you actually made 7400$ (I don't really see how you made this maths but your genius head surely has a way to do it). In any case you are right, your 7400$ are obviously higher than the 9600$ you would have made if you just din't use the bot.

P.P.S: Please let me have the 9600$ - 7400$ next time, since in your head you don't realize that's a number.

[vesperwillow]

The bot has bought low/sold high for me enough to quintuple my BTC. I mean, I'd say it works. Not every situation, but it can work.

[Kuroth]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

Ahahah. You do realize that the price increased 8x since July, don't you? You should have made 9600$ not 6000$ if you just let the BTC quietly alone. LOL

Not if I pulled out 4K profits in cash..  You seem to have issues with basic math skills..  

Forgive me Obi Wan. So... 1K+2K+1K+3400 is much, much, muchhhh higher than 9600$
How couldn't I see that you where absolutely correct.

P.S. - Please use correct gramar next time. You said: "As of today I have made right at $6,000 off my $1200 investment". So it means that you made 6000$, but seems like you actually made 7400$ (I don't really see how you made this maths but your genius head surely has a way to do it). In any case you are right, your 7400$ are obviously higher than the 9600$ you would have made if you just din't use the bot.

P.P.S: Please let me have the 9600$ - 7400$ next time, since in your head you don't realize that's a number.

I guess you missed the part where I said I started with $1200 of my own money?  Please learn some math skill before posting and proving you have no clue what your talking about..

[jbssm]

Who is this jbssm clown???  Go away jbssm.  Most of what you have posted makes ZERO sense..


BTW..  I purchased this Bot in July 2013..  Started with $1200 USD of my own money..


As of today I have made right at $6,000 off my $1200 investment..   I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400.

Nuff Said..

Ahahah. You do realize that the price increased 8x since July, don't you? You should have made 9600$ not 6000$ if you just let the BTC quietly alone. LOL

Not if I pulled out 4K profits in cash..  You seem to have issues with basic math skills..  

Forgive me Obi Wan. So... 1K+2K+1K+3400 is much, much, muchhhh higher than 9600$
How couldn't I see that you where absolutely correct.

P.S. - Please use correct gramar next time. You said: "As of today I have made right at $6,000 off my $1200 investment". So it means that you made 6000$, but seems like you actually made 7400$ (I don't really see how you made this maths but your genius head surely has a way to do it). In any case you are right, your 7400$ are obviously higher than the 9600$ you would have made if you just din't use the bot.

P.P.S: Please let me have the 9600$ - 7400$ next time, since in your head you don't realize that's a number.

I guess you missed the part where I said I started with $1200 of my own money?  Please learn some math skill before posting and proving you have no clue what your talking about..

Methematics 101:
You started on 6000$ and you where at 7400$ 3 minutes later and now you are at... well I don't know what, perhaps you can make the maths to what you said: "I have cashed out 1K, 2K, and 1K and my balance as of today is $3,400." Looks like it's $7400 to a normal person, but I'm sure your genius will say other wise.

Is it 10000$, 20000$, 10000000$?? ... geez and only after 5 minutes since you started with 6000$. You made all this profit in 5 minutes with the bot?
Geez , I concede my defeat, this bot seems to make a huge amount of profit after all, I just need to learn some special way of doing maths like only you know. 

[vesperwillow]

Is it 10000$, 20000$, 10000000$?? ... geez and only after 5 minutes since you started with 6000$. You made all this profit in 5 minutes with the bot?
Geez , I concede my defeat, this bot seems to make a huge amount of profit after all, I just need to learn some special way of doing maths like only you know. 

It seems like he's saying, he fronted $1200usd to try it out, and he cashed out profits at the intervals specified.

$1.2k front
$1k cashout
$2k cashout
$1k cashout

$4k cashed out total

$3.4k current balance = $2.2kusd profit not cashed out

$6.2k usd total profit above the $1.2k front.

Seems like simple math to me.

[jbssm]

Is it 10000$, 20000$, 10000000$?? ... geez and only after 5 minutes since you started with 6000$. You made all this profit in 5 minutes with the bot?
Geez , I concede my defeat, this bot seems to make a huge amount of profit after all, I just need to learn some special way of doing maths like only you know. 

It seems like he's saying, he fronted $1200usd to try it out, and he cashed out profits at the intervals specified.

$1.2k front
$1k cashout
$2k cashout
$1k cashout

$4k cashed out total

$3.4k current balance = $2.2kusd profit not cashed out

$6.2k usd total profit above the $1.2k front.

Seems like simple math to me.

"$6.2k usd total profit above the $1.2k front."
Yup, so 7400$.

[Kuroth]

Also please come back here and talk about your buy and Hold theory next time BTC drops 70% like it did back in June..   Which it will do again..

While I will be in Cash Waaaaaaaaaaaaaaaaaaaayyyyyyyyyyyy  Before the 70% Drop and you will still be holding your BTC that will now be worth 70% less...   Nice..



Oh and I(The Bot) will buy again when its down 70% but starts a turn up and buy MANY more BTC at this low price and then ride it back up..



Sell

Buy

Sell

Buy

Sell


Take 4K profit

Buy

Sell

Bye bye..

[vesperwillow]

Is it 10000$, 20000$, 10000000$?? ... geez and only after 5 minutes since you started with 6000$. You made all this profit in 5 minutes with the bot?
Geez , I concede my defeat, this bot seems to make a huge amount of profit after all, I just need to learn some special way of doing maths like only you know. 

It seems like he's saying, he fronted $1200usd to try it out, and he cashed out profits at the intervals specified.

$1.2k front
$1k cashout
$2k cashout
$1k cashout

$4k cashed out total

$3.4k current balance = $2.2kusd profit not cashed out

$6.2k usd total profit above the $1.2k front.

Seems like simple math to me.

"$6.2k usd total profit above the $1.2k front."
Yup, so 7400$.

Yeah, that does appear to be right. I'm not going on either side, just seeing what the data says.

BTC was in the 50-70 range in july which, if bought and held, would be around 17btc today I believe. Of course he didn't hold, he cashed out at intervals which makes it harder to determine the difference between B&H and EMA. If he provides us the dates and amounts, then it could be determined.

[shapemaker]

Are the graphs working for people atm?

I'm seeing broken image icons, and direct links to bot graphs give "405 not allowed" http errors from bitcoincharts.

[jbssm]

Are the graphs working for people atm?

I'm seeing broken image icons, and direct links to bot graphs give "405 not allowed" http errors from bitcoincharts.

The bitcoincharts API is not working (since yesterday actually). But I can see the charts in the site tough.

[simiane]

EMA isn't perfect, but it does work. It's going to need time to get through the trade losses. I honestly don't suggest letting it dabble with mtgox right now. The market is simply too volatile right now, especially mtgox. I shut off my mtgox trader, but have made profit with btce the past few days. Yes, I have made BTC with btce this past weekend.

I don't suppose you'd share your settings for BTCE over the past few days? I've lost on the last few trades - I'm not complaining, I understand the long term concept and I've read up on EMA etc. but it seems there are a lot of opportunities I could have taken advantage of with some better settings over the last week. Even moving down to 15 mins would have put me in a better position, but everything I've read drums in the idea of not going below 30 mins. Having said that, moving up to 2 hours would mean I'd still be long from about $300 which might actually be preferable!
The EMA numbers seem pretty arbitrary, I can play around with them and get better results in back testing, but I can't predict what's going to happen to the market so I'm generally sticking to safe numbers.
Goomboo's thread gives some nice info on what EMA is and about sticking to the system, but I can't find much info on deciding on your settings.

[Kuroth]

EMA isn't perfect, but it does work. It's going to need time to get through the trade losses. I honestly don't suggest letting it dabble with mtgox right now. The market is simply too volatile right now, especially mtgox. I shut off my mtgox trader, but have made profit with btce the past few days. Yes, I have made BTC with btce this past weekend.

I don't suppose you'd share your settings for BTCE over the past few days? I've lost on the last few trades - I'm not complaining, I understand the long term concept and I've read up on EMA etc. but it seems there are a lot of opportunities I could have taken advantage of with some better settings over the last week. Even moving down to 15 mins would have put me in a better position, but everything I've read drums in the idea of not going below 30 mins. Having said that, moving up to 2 hours would mean I'd still be long from about $300 which might actually be preferable!
The EMA numbers seem pretty arbitrary, I can play around with them and get better results in back testing, but I can't predict what's going to happen to the market so I'm generally sticking to safe numbers.
Goomboo's thread gives some nice info on what EMA is and about sticking to the system, but I can't find much info on deciding on your settings.

Since July 2013 when I started using this Bot, I have lost on probably 70% to 80% of my tades it has made for me..   But they have been small loses(% wise)..   

[simiane]

Sure, so are mine... First trade was big profit, nowhere near as big as I'd have liked but can't be helped... Subsequent trades have all lost small amounts but first trade more than covers them... I just think I could have done a bit better this last week. The small losses have decreased my BTC holding from the first trade so at this point I'd have been better off with B&H - I'm certain this won't be the case months down the line, but it seems EMA works best when there's some big drops for it to work with, which at present there aren't. Vespa mentioned that he'd made profit over the last week and I was just wondering how.

[vesperwillow]

It's easy to share settings, but unless you understand what's going on with them, you might end up losing with them as well because you have to adapt them to your specific situation. PM me what you've got and I'll see what I think about them.

Each exchange has its own personality, especially this past week (more than ever before). I have different groups of settings for each exchange for this reason. I lost a little on gox this week so I killed my gox bot until I had time to review my stats. I spent a couple hours today going over the data and plotted some new settings for me to try. "So far so good", no losses.

BTCE has continued to make BTC but ever so slightly, at least it's not losing. GOX requires you either go very conservative with large EMAs and short timeframes, or mid-to-long timeframes with short EMA cycles catch the roller coaster effects.

Have you gone to bitcoinwisdom and played with the EMA system there, looking at the historical data? Have you setup EMA calculation in some columns on a spreadsheet like Excel, to get a feel for how it works? If you do this, you'll learn a lot about how it works. Doing this would help you (and others who haven't) a lot. Part of what I'm suggesting is to use different settings for each exchange, if you haven't done so already. The market is too volatile for each exchange to react similarly.

[NginUS]

When I use the EMA system at bitcoinwisdom, the lines never seem to cross at the same place as where the bot trades.

At the time I was using settings with 7 short EMA & 20 long EMA settings, I had just re enabled the bot after a manual trade & it sold. So I looked at bitcoinwisdom's lines to see why the bot sold & I didn't see a cross there.

I had a 7 & a 20 set in bitcoinwisdom's parameters, & I had 'EMA' chosen in its settings. The time frame I was viewing matched the frequency on the bot. I don't know what was wrong.

I kinda wish the bot had a WYSIWYG feature that let us visualize the EMA lines we set in the bot somehow. I think it would be cool to be able to tinker with the settings & see the effect it has on the lines in real time. And historically.