[ANN] Bitcoin Day Trading Tool

[stoto]

Hello there,

I have started to develop a simple webapplication for myself, which shows bitcoin exchange rates and bitcoin related news to help making my day-trading decisions.
I am opening it to public so anyone can use it and help improve it.

Features:
-3 biggest bitcoin merchant LIVE prices
-it refreshes the prices LIVE through websockets, so you don't need to refresh the page to get the most-up-to-date data.
-price history, prices are recorded since the first launch of the system (may 5)
-news aggregated from 3 different sites with direct links (more to come)
-shows bitcoin related tweets
-live MtGox dashboard

Planned features:
-price alerts (either sound alerts when the site is open or email alerts when it's not)

So please check it out and post any ideas about the tool here.

You can check it out on:
http://bitcoin.stoto.net/

Screenshots:
https://dl.dropboxusercontent.com/u/1986074/btt/bitcoin_stoto_net_2.png

https://dl.dropboxusercontent.com/u/1986074/btt/bitcoin_stoto_net_3.png

https://dl.dropboxusercontent.com/u/1986074/btt/bitcoin_stoto_net_4.png

[drbanjo]

great!

[stoto]

Hello there,

I have started to develop a simple site for myself, which shows me data about bitcoin exchange rates and news to help making my day-trading decisions.

My thought to open it to public so anyone can use it and help improve it.

So please check it out and post any ideas about the tool here.

You can check it out on:
http://bitcoin.stoto.net/

You may not noticed, but the prices are refreshed LIVE with websockets, so you don't have to refresh the page.

[baltazar]

hey that site is cool. congrats. already bookmarked.
i started some arbitrage trading, so a site like this is interesting.

[Jamievs]

How is it possible that all echanges have different values?

Wouldn't it be possible to buy low at, say, Bitstamp, transfer them to Mt Gox and sell them for more there?

[stoto]

How is it possible that all echanges have different values?

Wouldn't it be possible to buy low at, say, Bitstamp, transfer them to Mt Gox and sell them for more there?

Of course it would be beneficial, but everyone would do that if it would be possible, and the result would be that the exchange rate gaps would slowly fill in.

The problem is, that you can't move cash between merchants, only bitcoins.

So for example you buy at BTC-E, because coins cheap there, you send your bitcoins to mtGox and sell there. Now you have cash at mtGox, that you can't move back to BTC-E (only in form of bitcoin, but then you have to buy back at the price you just sold).

Since cash with withdrawals take days and the exchange rates always changing you have very high risk doing it.

[stoto]

hey that site is cool. congrats. already bookmarked.
i started some arbitrage trading, so a site like this is interesting.

Thanks!  I will do my best to keep improving it.

As i said before, ideas are welcomed.

[gambitv]

Nice site. Do you have to pay a fee to get these live feeds for your site? Any open APIs piping this stuff out?

[gotah]

awesome dude!

thanks this will also help me a lot

[stoto]

Nice site. Do you have to pay a fee to get these live feeds for your site? Any open APIs piping this stuff out?

Some of them have open API I can use. But others don't so i use little dynamic robots that visits their site and parse the exchange rate out.

[arbitrage001]

How is it possible that all echanges have different values?

Wouldn't it be possible to buy low at, say, Bitstamp, transfer them to Mt Gox and sell them for more there?

Of course it would be beneficial, but everyone would do that if it would be possible, and the result would be that the exchange rate gaps would slowly fill in.

The problem is, that you can't move cash between merchants, only bitcoins.

So for example you buy at BTC-E, because coins cheap there, you send your bitcoins to mtGox and sell there. Now you have cash at mtGox, that you can't move back to BTC-E (only in form of bitcoin, but then you have to buy back at the price you just sold).

Since cash with withdrawals take days and the exchange rates always changing you have very high risk doing it.

The risk is high if you are treating bitcoin as your base currency and assume bitcoin value will go up. Some people doing arbitrage treat dollar as base currency and the only risk is the time it takes to transfer bitcion across exchanges, which can be reduced by breaking transaction into multiple chunks.

[stoto]

I have added the candlestick chart and live MtGox dashboard to the site, so it's worth checking out, please give me your experiences. Screenshots updated in the first post.


You can check it out on:
http://bitcoin.stoto.net/

[forensick]

I have added the candlestick chart and live MtGox dashboard to the site, so it's worth checking out, please give me your experiences. Screenshots updated in the first post.


You can check it out on:
http://bitcoin.stoto.net/

hey, looks interesting, do you have some backtest made as well? Any results?

[peachmancoin]

I have added the candlestick chart and live MtGox dashboard to the site, so it's worth checking out, please give me your experiences. Screenshots updated in the first post.


You can check it out on:
http://bitcoin.stoto.net/

love it. this site is api output?

[chipug]

handy site, thanks for sharing

[btcrich]

Neat!

[stoto]

I have added the candlestick chart and live MtGox dashboard to the site, so it's worth checking out, please give me your experiences. Screenshots updated in the first post.


You can check it out on:
http://bitcoin.stoto.net/

hey, looks interesting, do you have some backtest made as well? Any results?

Well, I have limited ammount of time during the day, but i made around +30% BTC (compared to the starting ammount of btc) in the last 1,5 months, just by analyzing the graphs and selling/buying btc.

[stoto]

I have added the candlestick chart and live MtGox dashboard to the site, so it's worth checking out, please give me your experiences. Screenshots updated in the first post.


You can check it out on:
http://bitcoin.stoto.net/

love it. this site is api output?

Yes, the site is building on the apis.

[forensick]

I have added the candlestick chart and live MtGox dashboard to the site, so it's worth checking out, please give me your experiences. Screenshots updated in the first post.


You can check it out on:
http://bitcoin.stoto.net/

hey, looks interesting, do you have some backtest made as well? Any results?

Well, I have limited ammount of time during the day, but i made around +30% BTC (compared to the starting ammount of btc) in the last 1,5 months, just by analyzing the graphs and selling/buying btc.

oki, cool, i trade but etfs, especially leveraged one for oil, silver, mainly shorts, i think to start trading btc as well, but need to make backtests...

[ontoguzzi]

That's neat! Thanks!