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

[enki74]

As I understand it, the btc-e API only allows you to poll once a second max.

If you show what you mean by '20 trades a minute' with a section of a graphed image, then it'd make your requirement a little more clear I suspect...

miaoux, his assertion is a common one among kids that believe bots can somehow create trading.  Even the busiest exchanges can go hours without enough movement to create a profit margin for a single trade.  It is a similar argument to "many small trades cost less in fees then one large trade of equal value".

They will argue their point independent of any reason, and it is simply not worth the forums time and bother to try to point out the basic mechanics of trading to them.

Kids argument, am far from a kid. Making assumptions that I am some punk teenager wrong am in my late 20s so get your assumptions right. Did I ever say I believe bots can some how make trades nope. Stop putting words into other peoples mouths and making assumptions because their wrong.

I know what bots do, and I am fully aware of how a bot works, and what it does, and how it does it. You can assumptions you want don't bother me one little bit. I could continue and go on all night about bots. However I don't have the time to waste when theirs more important things to do than talk to you. Maybe I should start making a bot and post it here. Then again I dont have the time it takes to put into coding when I am already coding my own website back office and setting a business up.

Miaoux I was referring to having more trading options and more aggressive ways of trading. When I was saying x amount of trades per min. Their would have to be enough trades going on to trade. So far from what my friend has shown me the bot has made only 2 trades within an hour with the settings he had it set. With that time window their should of at least been 10 to 15 trades happen for the bot to buy and sell on BTC/USD on btc-e at the time when he was showing me their was more than enough trades from people going on for your bot to also trade at that time too.

In the other post on here someone explaining making 15 trades that is very little for a bot. Am thinking it maybe something to do with sending and receiving data for the bot to look at and make its move from what a user has had their settings at. For the update window I think that 20sec is a little too long if theirs a lot happening with trading then a lot can happen in 20sec and the bot can miss out. maybe have it from 1 sec to 5 5 10 15 etc and above or having implemented a live feature s its live all the time. If the bot is looking every 20sec sending trades or updating every 20 sec this time frame is too big.

Right on! that guy is a math bully!

Lol Enki74 and crazyearner, you both are hopeless.
Smaller trades do not have a smaller fee, because the fees is a percentage.

You better be trolling!

LOL ur completely blind to what others are saying and your statement is part of the answer yes its a % of the trade amount therefor smaller trade amount is smaller Fee amount requiring smaller movement in the market before a trade is made, WTF so smart but yet so blind...

Wow, so you are not trolling? Okay... Example:

A = 10 BTC @ 300 USD
VS
B = 1 BTC @ 300 USD

.5 trading fee:
A = 15 USD FEE
B = 1.5 USD FEE

BTC Price moves to 301.5:
A = 3015 USD (Fee Paid)
B = 301.5 USD (Fee Paid)

Would you look at that, they both need the exact same move in the market in order to be profitable...

Now please get of your high horse and accept when other people are right and you are wrong...

Like I said, I have learned not to argue with them lol.  Math _is_ a bully, and a bitch.  It will win every time. 

Here is a simple one for ya then if its of no consequence then why the hell does the "minimum currency raise" and "minimum currency drop" fields change to larger amounts as trade amounts are higher? Seems that is the million dollar question  

[enki74]

I would like to see anyone of the math guru's tell me how come we have min raise and min drop tied right to the amount of the trade on the bot if it does not matter? One simple question everyone here to smart to answer...?

Here is a simple one for ya then if its of no consequence then why the hell does the "minimum currency raise" and "minimum currency drop" fields change to larger amounts as trade amounts are higher? Seems that is the million dollar question

[nowywbitcoinowymswiecie]

Folks, STOP polluting this thread. Some of Your comments are interesting but some are just plain trash. Do we want this thread grow like KNC one? Please not!

[enki74]

Folks, STOP polluting this thread. Some of Your comments are interesting but some are just plain trash. Do we want this thread grow like KNC one? Please not!

Really can you answer the simple question for me above?

[enki74]

As I understand it, the btc-e API only allows you to poll once a second max.

If you show what you mean by '20 trades a minute' with a section of a graphed image, then it'd make your requirement a little more clear I suspect...

miaoux, his assertion is a common one among kids that believe bots can somehow create trading.  Even the busiest exchanges can go hours without enough movement to create a profit margin for a single trade.  It is a similar argument to "many small trades cost less in fees then one large trade of equal value".

They will argue their point independent of any reason, and it is simply not worth the forums time and bother to try to point out the basic mechanics of trading to them.

Kids argument, am far from a kid. Making assumptions that I am some punk teenager wrong am in my late 20s so get your assumptions right. Did I ever say I believe bots can some how make trades nope. Stop putting words into other peoples mouths and making assumptions because their wrong.

I know what bots do, and I am fully aware of how a bot works, and what it does, and how it does it. You can assumptions you want don't bother me one little bit. I could continue and go on all night about bots. However I don't have the time to waste when theirs more important things to do than talk to you. Maybe I should start making a bot and post it here. Then again I dont have the time it takes to put into coding when I am already coding my own website back office and setting a business up.

Miaoux I was referring to having more trading options and more aggressive ways of trading. When I was saying x amount of trades per min. Their would have to be enough trades going on to trade. So far from what my friend has shown me the bot has made only 2 trades within an hour with the settings he had it set. With that time window their should of at least been 10 to 15 trades happen for the bot to buy and sell on BTC/USD on btc-e at the time when he was showing me their was more than enough trades from people going on for your bot to also trade at that time too.

In the other post on here someone explaining making 15 trades that is very little for a bot. Am thinking it maybe something to do with sending and receiving data for the bot to look at and make its move from what a user has had their settings at. For the update window I think that 20sec is a little too long if theirs a lot happening with trading then a lot can happen in 20sec and the bot can miss out. maybe have it from 1 sec to 5 5 10 15 etc and above or having implemented a live feature s its live all the time. If the bot is looking every 20sec sending trades or updating every 20 sec this time frame is too big.

Right on! that guy is a math bully!

Lol Enki74 and crazyearner, you both are hopeless.
Smaller trades do not have a smaller fee, because the fees is a percentage.

You better be trolling!

LOL ur completely blind to what others are saying and your statement is part of the answer yes its a % of the trade amount therefor smaller trade amount is smaller Fee amount requiring smaller movement in the market before a trade is made, WTF so smart but yet so blind...

Wow, so you are not trolling? Okay... Example:

A = 10 BTC @ 300 USD
VS
B = 1 BTC @ 300 USD

.5 trading fee:
A = 15 USD FEE
B = 1.5 USD FEE

BTC Price moves to 301.5:
A = 3015 USD (Fee Paid)
B = 301.5 USD (Fee Paid)

Would you look at that, they both need the exact same move in the market in order to be profitable...

Now please get of your high horse and accept when other people are right and you are wrong...

Like I said, I have learned not to argue with them lol.  Math _is_ a bully, and a bitch.  It will win every time. 

Here is a simple one for ya then if its of no consequence then why the hell does the "minimum currency raise" and "minimum currency drop" fields change to larger amounts as trade amounts are higher? Seems that is the million dollar question  

The fact that you think its a "win" says a lot perhaps reorientation of your goals in life would be in order how about working under a theory  of symbios you know "working together" rather than survival of the fittest this is not really how nature works look around all other species rely on the other a web of symbiot life you my friend are just trying to win to fulfill an unhealthy modern ego...

[Stephan224]

enki74 stop spamming please, this is not usefull.

Everything in this software works with solid logic and mathematics. There are over 500 registered users of this software. Think about this...

The minimum drop and raise are reflected to the chart you see, this works from 1 coin and up. If you trade less then 1 coin then the minimum raise and drop are adjusted.

Market movement is NOT equal to the total amount of profit you are making. Prices are always based at buying or selling just 1 coin, that is called the market.

If you think this is wrong tell me (or us) why you think this is wrong. I am open for suggestions, but i am selling this software as only profitable so i need to be sure your logic is solid. So please explain in numbers or words what is wrong.

[enki74]

enki74 stop spamming please, this is not usefull.

Everything in this software works with solid logic and mathematics. There are over 500 registered users of this software. Think about this...

The minimum drop and raise are reflected to the chart you see, this works from 1 coin and up. If you trade less then 1 coin then the minimum raise and drop are adjusted.

Market movement is NOT equal to the total amount of profit you are making. Prices are always based at buying or selling just 1 coin, that is called the market.

If you think this is wrong tell me (or us) why you think this is wrong. I am open for suggestions, but i am selling this software as only profitable so i need to be sure your logic is solid. So please explain in numbers or words what is wrong.

Very simply the field in "trade bot settings" called "Min currency drop" changes to reflect the amount of my trade.  My point has been that this min drop or raise is the amount that the market must move before profit can be taken therefore smaller trades have smaller fees and market can move 3 cents and profit 2 a thousand times a day or 20 seconds divided by the seconds in a day (if there were trade opportunities for each 20 sec period).  Very simply you have that field Min currency drop raise in there for a reason and its tied to my trade amount......

As for what your saying about 1 "coin" I do not see that I see the amount change based on whole number or partial numbers of "coin"

And yes I have other questions that I have posted if your interested in those, screen shots are included...

[miaoux]

On LTC / BTC with the constant uptrend and minor blips, I'm thinking that 20s is too short an interval for me personally. The only other information I have historically is by looking at charts from BTC/MTGox/etc.

@Stephan224 Do you have a guide to how your implementations of the indicators work to generating each buy/sell signal? I think that might be useful for the learning process.  Thx

[Stephan224]

Very simply the field in "trade bot settings" called "Min currency drop" changes to reflect the amount of my trade.  My point has been that this min drop or raise is the amount that the market must move before profit can be taken therefore smaller trades have smaller fees and market can move 3 cents and profit 2 a thousand times a day or 20 seconds divided by the seconds in a day (if there were trade opportunities for each 20 sec period).  Very simply you have that field Min currency drop raise in there for a reason and its tied to my trade amount......

As for what your saying about 1 "coin" I do not see that I see the amount change based on whole number or partial numbers of "coin"

And yes I have other questions that I have posted if your interested in those, screen shots are included...

You do not have to post anymore screenshots, i have seen them all. I have also seen your questions but as far as i know right now most of those questions will answer themselves in time. This normally how it goes.

You are right you can trade much more and get on every wave the currency makes, even is this wave is very low. However, this is only possible if you trade with a low amount of coins. So you should trade with less then 1 coin to get this working.

Testable example:
You trade 1 Bitcoin at the first trade bot and 0.2 Bitcoin at the second trade bot.
You are trading with a fee of 0.5%.

Now lets look at the fee you have to pay for both trade-bots:
0.5% fee costs of trading 1 bitcoin is 0.005 bitcoin. Do this times 2 because you need a buy and a sell, resulting in: 0.01 bitcoin total fee costs.
0.5% fee costs of trading 0.2 bitcoin is 0.001 bitcoin. Do this times 2 because you need a buy and a sell, resulting in: 0.002 bitcoin total fee costs.

To get the market movement you need to get the current buy price, multiply if by the total fee costs and you are done.

This part is the easy part to understand. Now, lets look to a situation where you have a trade bot setup with 20 coins in it.

0.5% fee costs of trading 20 bitcoin is 0.1 bitcoin. Do this times 2 because you need a buy and a sell, resulting in: 0.2 bitcoin total fee costs.

This far everything is the same. But now the market movement. Like i told before the market prices are shown with trading 1 bitcoin. But you are trading with 20 bitcoins now, so you can not use the market chart this time unless you calculate is back to 1 coin. So lets take the 0.2 bitcoin total fee costs and divide it by 20 bitcoins. This makes 0.01 bitcoin required market movement. Again do this times the current by price and you get the real needed market movement.

In conclusion;
0.5% fee costs @ trading 0.2 bitcoin = 0.001 bitcoin. Times 2 = 0.002 bitcoin total fee costs. Required market movement: 0.002 bitcoin * currenct buy price.
0.5% fee costs @ trading 1 bitcoin = 0.005 bitcoin. Times 2 = 0.01 bitcoin total fee costs. Required market movement: 0.01 bitcoin * currenct buy price.
0.5% fee costs @ trading 20 bitcoins = 0.1 bitcoin. Times 2 = 0.2 bitcoin total fee costs. Divide by 20 to get back to 1 coin. Required market movement: 0.01 bitcoin * currenct buy price.

Like everybody is telling you here, the market movement is different from the fee costs. Yes they are related, but less then you think.

BTW I can recommend you to review the currency extended chart at the benchmark form. It shows you the minimum values in action.

[enki74]

Very simply the field in "trade bot settings" called "Min currency drop" changes to reflect the amount of my trade.  My point has been that this min drop or raise is the amount that the market must move before profit can be taken therefore smaller trades have smaller fees and market can move 3 cents and profit 2 a thousand times a day or 20 seconds divided by the seconds in a day (if there were trade opportunities for each 20 sec period).  Very simply you have that field Min currency drop raise in there for a reason and its tied to my trade amount......

As for what your saying about 1 "coin" I do not see that I see the amount change based on whole number or partial numbers of "coin"

And yes I have other questions that I have posted if your interested in those, screen shots are included...

You do not have to post anymore screenshots, i have seen them all. I have also seen your questions but as far as i know right now most of those questions will answer themselves in time. This normally how it goes.

You are right you can trade much more and get on every wave the currency makes, even is this wave is very low. However, this is only possible if you trade with a low amount of coins. So you should trade with less then 1 coin to get this working.

Testable example:
You trade 1 Bitcoin at the first trade bot and 0.2 Bitcoin at the second trade bot.
You are trading with a fee of 0.5%.

Now lets look at the fee you have to pay for both trade-bots:
0.5% fee costs of trading 1 bitcoin is 0.005 bitcoin. Do this times 2 because you need a buy and a sell, resulting in: 0.01 bitcoin total fee costs.
0.5% fee costs of trading 0.2 bitcoin is 0.001 bitcoin. Do this times 2 because you need a buy and a sell, resulting in: 0.002 bitcoin total fee costs.

To get the market movement you need to get the current buy price, multiply if by the total fee costs and you are done.

This part is the easy part to understand. Now, lets look to a situation where you have a trade bot setup with 20 coins in it.

0.5% fee costs of trading 20 bitcoin is 0.1 bitcoin. Do this times 2 because you need a buy and a sell, resulting in: 0.2 bitcoin total fee costs.

This far everything is the same. But now the market movement. Like i told before the market prices are shown with trading 1 bitcoin. But you are trading with 20 bitcoins now, so you can not use the market chart this time unless you calculate is back to 1 coin. So lets take the 0.2 bitcoin total fee costs and divide it by 20 bitcoins. This makes 0.01 bitcoin required market movement. Again do this times the current by price and you get the real needed market movement.

In conclusion;
0.5% fee costs @ trading 0.2 bitcoin = 0.001 bitcoin. Times 2 = 0.002 bitcoin total fee costs. Required market movement: 0.002 bitcoin * currenct buy price.
0.5% fee costs @ trading 1 bitcoin = 0.005 bitcoin. Times 2 = 0.01 bitcoin total fee costs. Required market movement: 0.01 bitcoin * currenct buy price.
0.5% fee costs @ trading 20 bitcoins = 0.1 bitcoin. Times 2 = 0.2 bitcoin total fee costs. Divide by 20 to get back to 1 coin. Required market movement: 0.01 bitcoin * currenct buy price.

Like everybody is telling you here, the market movement is different from the fee costs. Yes they are related, but less then you think.

BTW I can recommend you to review the currency extended chart at the benchmark form. It shows you the minimum values in action.

Thanks Stephan224 Yes I am trading small amount at a time .1 .3 etc, however if I trade 10 coins my fee is $6.20 if I trade 1 it is .62 cents so I still can not see how one can say that it does not require a movement of more to trade 10 coins? Are you saying that the fee and the trade for 10 coins happens 10 times to fill the order so the fee is always .62 for each trade? If so why does the field go red and say min market drop/raise change?

PS... I see now the action of the red flag on the drop raise and see that in fact this is what your saying its based on trading 1 coin 10 times.  Thanks for being a single bright ray of reason in a bucket full of crabs trying to bring people down with there supposed intelligence you my friend have the wisdom of a genius!

[kireinaha]

Does anyone have any advice on how I can prevent my trade bot from going "out of scope" on the recent market uptrends? Due to the minimal price drop/rise, this has been happening to me often. So far I've just been using the default RSI30 30/70 indicator at 60 second interval, but the problem is; my bot will sell at (for example) $250 when the RSI detects the currency is being overbought, but then I come back to check an hour later and the market has already risen to $260 and I'm left behind because the target buy price is less than $249.50.

I almost feel like I should just raise the "sell" threshold on the RSI30 indicator to 90 or higher, just to prevent it from selling since the market is rising so fast, but then of course, I could be in big trouble if the bubble pops and we come crashing down.

My assumption was that the trade bot could automate my trading strategies and make 10-20 trades a day, but so far I have had to check on it constantly so I don't get stuck. Am I the only one having this trouble, and if so, would anyone mind sharing some basic strategies or hints with me?

[enki74]

Does anyone have any advice on how I can prevent my trade bot from going "out of scope" on the recent market uptrends? Due to the minimal price drop/rise, this has been happening to me often. So far I've just been using the default RSI30 30/70 indicator at 60 second interval, but the problem is; my bot will sell at (for example) $250 when the RSI detects the currency is being overbought, but then I come back to check an hour later and the market has already risen to $260 and I'm left behind because the target buy price is less than $249.50.

I almost feel like I should just raise the "sell" threshold on the RSI30 indicator to 90 or higher, just to prevent it from selling since the market is rising so fast, but then of course, I could be in big trouble if the bubble pops and we come crashing down.

My assumption was that the trade bot could automate my trading strategies and make 10-20 trades a day, but so far I have had to check on it constantly so I don't get stuck. Am I the only one having this trouble, and if so, would anyone mind sharing some basic strategies or hints with me?

This is what I was attempting to avoid by getting in on more up/down movement with small trades then when I find myself "out of scope" I have been manually making a buy during a dip and flipping the buy/sell back to bought and trigger a sell from there etc.

[chadwickx16]

Does anyone have any advice on how I can prevent my trade bot from going "out of scope" on the recent market uptrends? Due to the minimal price drop/rise, this has been happening to me often. So far I've just been using the default RSI30 30/70 indicator at 60 second interval, but the problem is; my bot will sell at (for example) $250 when the RSI detects the currency is being overbought, but then I come back to check an hour later and the market has already risen to $260 and I'm left behind because the target buy price is less than $249.50.

I almost feel like I should just raise the "sell" threshold on the RSI30 indicator to 90 or higher, just to prevent it from selling since the market is rising so fast, but then of course, I could be in big trouble if the bubble pops and we come crashing down.

My assumption was that the trade bot could automate my trading strategies and make 10-20 trades a day, but so far I have had to check on it constantly so I don't get stuck. Am I the only one having this trouble, and if so, would anyone mind sharing some basic strategies or hints with me?

No, you're not the only one. Mine got sold at $242.50 when I was sleeping. I really got left behind...  

[enki74]

Here is something odd I noticed while trying to get the bot to make a trade (which it seems to not make trades when all the parms say it should)  Also noticing that the update interval is not always refreshing?

Anyway on this first pic the target sell amount changes from 4.16 to 4.37 in the second pic the only think I did was look at the benchmark and close out the 4.37 was value from before I changed the last  buy price to try and kick off a trade anyway that change was made many minutes before and was updated in the target sell amount long ago?

@Stephan224 anything you can say about this? Also can you repeat the max polling of the trading platform by the bot for BTC-E and is it effected by the number of indicators (RSI etc) or the interval set. Is there anyway to know if ones bot has been banned by BTC-e? Im getting no trades now?

[kireinaha]

This is what I was attempting to avoid by getting in on more up/down movement with small trades then when I find myself "out of scope" I have been manually making a buy during a dip and flipping the buy/sell back to bought and trigger a sell from there etc.

Yes, I have tried this a few times as well, manually making a sale or buy and then flipping the coin position from "bought" to "sold" or vice-versa, since the minimum/maximum raises are trying to protect me, but in reality are impeding many good trade opportunities for me. I really wish there was a way to disable the minimum/maximum price drops. I have mine set very low at the moment (only 30 cents I think), but I still manage to find myself "out of scope" frequently.

@Stephan: Is there really no way to disable the minimum buy/sale figures? I understand some traders may want to feel that they're always "protected" and making a good trade, but I think I'm not the only one who would enjoy the software more if I could fine tune the market indicators to be my only resource, rather than arbitrary buy/sale prices. I would like to automate my trades and not have to check on it constantly. The only other alternative seems to be that I would wait out up/down currency waves, but of course, it could take weeks/months (never?) for the price to correct and I don't really need a bot to wait and do nothing for me

[miaoux]

Question for @stephan224 :

If I have two indicators running, I can see in the Trade-bot signals tab that there are:
2 required buy signals, 2 required sell signals
(for either a buy or sell to work).

What I have now, is that there is 1 Current buy signal, AND 1 Current sell signal.  Is this normal?

Thanks

[Stephan224]

@enki74:
Yes it is possible to get banned, this happen when you start the software more then 1 time and you are reading 1 and the same exchange. Then the change of flooding the exchange is real and the exchange could ban you if you do this.

In case you get banned you will be unable to read your wallet, read the open orders or make trades.

@kireinaha:
Check your PM. The feature you are requesting is already present in the software. But i have hidden it because i am still testing it.

@miaoux:
Yes this if perfectly normal behavior. This is exactly why you should use more indicators to get a GOOD momentum. Because that is whats it is all about. If all the mathematics are telling the same then there should be something happening. But if the mathematics outcome differ the momentum is not good and it is not a good momentum for a trade.

If you get this concept then you are very good on your way understanding my software. Because this is what it is all about, this is the way to earn a lot of coins.

-------------------------

The new version 0.9.0.2 can now be downloaded on my website.

The changes i made are listed on the webpage below and you can also see what i have planned for the next release already.
http://www.haasonline.com/simple-trade-bot-change-log/

To get the download you need to login at the "My Account" page and over there you will find the download link. It is the same link as you have used before when you bought the software and downloaded it the first time.

Please un-install the old version first before you install the new version.

[nowywbitcoinowymswiecie]

New STB 0902 dont update BitStamp currency data.
BitStamp is properly configured.
Graph is not showing any data. Ive disabled firewall to check if this is the problem. Uninstalled previous version before installed new one.

UPDATE: Graphs start to work when I configured second bot and pointed to the same bitstamp and same currency.

[trictors]

Benchmark tool doesnt show anything below bot signal in the combo box (the options are in the combo box for indicators, but if you click them, no data)
Benchmark tool shows no updates on bot signal, probably because of the first bug, so the benchmark tool is no longer working, which makes me curious if the actual trading will work

[miaoux]

st0902b update:

Benchmarking Window:

Benchmarking no longer crashes the system (woooo).
Unfortunately, indicator graphs don't display if I load up old data into the current benchmarking trade bot, nor if I just go into the Benchmarking tool without loading any saved data Currency ext works here, but bot signal is flatlined (differently to the bot signal on the main page).

Main Window:

1) Trade Bot Signal Graph (main window): Bot signal and Currency Extended display and work correctly for me. The other two indicator graphs don't seem to generate for me. I have two bots, both configured to btce.

@stephan224
2) I notice that you've changed the default MACD to 21 EMA, 28 EMA. It seems a little unusual. Is this your recommended setting?
What update timer are you using with this? It would seem as if it'd be for a shorter interval as there would be less noise given the 21 ema.


Thanks for the update