Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic]

[compcentral]

Stephan,

I attempted to send you a message to request the alpha version using the contact page on your website, but it does not appear to be working.  I just see:

Contact

[contact_form id="1"]

I will send you a PM on here instead, but just thought you'd want to know about this.  Thanks for all your hard work.  The new release looks great and thanks for planning on adding MCXnow.  There are currently no bots for that exchange and it is growing exponentially so I think adding it will boost your sales significantly since most people at btc-e have been moving there.

[Stephan224]

Thanks you for reporting this, i will have a look what the problem is. Sending me a PM is good enough.

[btcjim]

the software will not work anymore by the end of 2013. In the time between you need a (free!) update to expand the time range.

For the record, I'm not a fan of this idea at all.

[Stephan224]

the software will not work anymore by the end of 2013. In the time between you need a (free!) update to expand the time range.

For the record, I'm not a fan of this idea at all.

I can understand that, but i need to keep the software updated anyway. Coins come and go and the API interface sometimes changes. So keeping the software updated is required anyway.

[seanrarey]

Initial impression of .9 Alpha:



The usability & power is vastly improved over .8, I am impressed.  Not all the menus are in English yet (hey, it is an alpha release), but I am really liking this new version.

Thanks Stephen!

[MBTY]

Anyone post screenshot of your RSI-30 bot.
In my bot i only see next message "RSI-30 bot started" 10 minutes already. 0 orders.

[seanrarey]

Anyone post screenshot of your RSI-30 bot.
In my bot i only see next message "RSI-30 bot started" 10 minutes already. 0 orders.

Which exchange?  Which currency?  What is the currency movement?  The market is pretty flat right now

[dddbtc]

Bitstamp function isn't working in the beta version and .9 alpha version.  I've tried logging in with my username/pass as well as the api key and secret.  The api key is enabled under security-->api but the bot still won't connect.

[seanrarey]

Bitstamp function isn't working in the beta version and .9 alpha version.  I've tried logging in with my username/pass as well as the api key and secret.  The api key is enabled under security-->api but the bot still won't connect.

It works for me, so likely a setting issue.

[enki74]

Bitstamp function isn't working in the beta version and .9 alpha version.  I've tried logging in with my username/pass as well as the api key and secret.  The api key is enabled under security-->api but the bot still won't connect.

Did you tick info and trade? I assume its like btc-e?

[enki74]

Anyone post screenshot of your RSI-30 bot.
In my bot i only see next message "RSI-30 bot started" 10 minutes already. 0 orders.

did you look at benchmark trade bot it will show when a trade is possible... Takes time sometimes....

[enki74]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

[dddbtc]

Bitstamp function isn't working in the beta version and .9 alpha version.  I've tried logging in with my username/pass as well as the api key and secret.  The api key is enabled under security-->api but the bot still won't connect.

Did you tick info and trade? I assume its like btc-e?

Yes I enabled all permissions on api except for withdrawing

[seanrarey]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Um... there is so much wrong with your math... & yes, you would lose money.

[enki74]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Um... there is so much wrong with your math... & yes, you would lose money.

What math? please elaborate? greater amounts = greater fee = greater movement needed to make a trade correct?

[seanrarey]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Um... there is so much wrong with your math... & yes, you would lose money.

What math? please elaborate? greater amounts = greater fee = greater movement needed to make a trade correct?

No.  Fees are percentage based.  Fee for a $100 trade with a .2% fee is is $0.20.  Fees for 100 $1 trades is... any guesses...? Yep, exactly the same.

[enki74]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Um... there is so much wrong with your math... & yes, you would lose money.

What math? please elaborate? greater amounts = greater fee = greater movement needed to make a trade correct?

No.  Fees are percentage based.  Fee for a $100 trade with a .2% fee is is $0.20.  Fees for 100 $1 trades is... any guesses...? Yep, exactly the same.

ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? smart a...

[seanrarey]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Um... there is so much wrong with your math... & yes, you would lose money.

What math? please elaborate? greater amounts = greater fee = greater movement needed to make a trade correct?

No.  Fees are percentage based.  Fee for a $100 trade with a .2% fee is is $0.20.  Fees for 100 $1 trades is... any guesses...? Yep, exactly the same.

ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? smart a...

No, actually it does not.

If the trade fee is 0.2% then 0.4% is the minimum the price must move to accomplish a trade w/o making a loss.  If the price is $100, that means it needs to drop to <$99.60 before you can trade & expect to make a profit (favorable bounce assumed).

So, lets do an exercise.  Say price drops to $99.50  Your position is $100, so it is a drop of 0.5%.  Having done due diligence you are confident this is a spike (not a trend), the drop is sufficient to pay your fees (>0.4%) and wish to capitalize in it.  You buy, wait for the price to return to $100 and sell.

The differential is 0.5%

If you traded $1, you made one half of one cent.
If you traded $1,000 you made $5.

How much you trade had no affect on your profit points & percentages.  It only affects your net profit.

To put it in your words, the market must move exactly the same amount to realize profit; regardless of amount traded.

_________clip__________
ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? Smiley smart a...
_________clip__________

Um, no, you are confusing fee percent with market movement.  Market movement as it relates to profit does not move with the fee lol.

[enki74]

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Um... there is so much wrong with your math... & yes, you would lose money.

What math? please elaborate? greater amounts = greater fee = greater movement needed to make a trade correct?

No.  Fees are percentage based.  Fee for a $100 trade with a .2% fee is is $0.20.  Fees for 100 $1 trades is... any guesses...? Yep, exactly the same.

ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? smart a...

OK lets start with your first line .2 X 2 got it two trades to make any money to pay for fees.
2nd line .4% this is really 100 X .4% = .4 or 40 cents not 4 $ right? Why $96?

If we agree,
then... .20 btc X .4% = .0008, x 2 trades = .0016 trade fee or .0016 btc (roughly 1.6 cents @$100) required movement before profit.

then..  .80 btc X .4% = .0032,  x 2 trades = .0064 trade fee or .0064 btc (roughly 6.4 cents @$100) required movement before profit.


No, actually it does not.

If the trade fee is 0.2% then 0.4% is the minimum the price must move to accomplish a trade w/o making a loss.  If the price is $100, that means it needs to drop to <$96 before you can trade & expect to make a profit (favorable bounce assumed).

So, lets do an exercise.  Say price drops to $99.50  Your position is $100, so it is a drop of 0.5%.  Having done due diligence you are confident this is a spike (not a trend), the drop is sufficient to pay your fees (>0.4%) and wish to capitalize in it.  You buy, wait for the price to return to $100 and sell.

The differential is 0.5%

If you traded $1, you made one half of one cent.
If you traded $1,000 you made $5.

How much you trade had no affect on your profit points & percentages.  It only affects your net profit.

To put it in your words, the market must move exactly the same amount to realize profit; regardless of amount traded.

_________clip__________
ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? Smiley smart a...
_________clip__________

Um, no, you are confusing fee percent with market movement.  Market movement as it relates to profit does not move with the fee lol.

[San1ty]

Stephan, How do you make sure your order gets filled on Bitstamp? Their API does not have a MKT Order type so you need to work with LMT. How do you make sure you buy the amount of coins you want and that they will be filled?