PROFITS - ATPx [Automated Trading Platform eXtended]

[Ianwhitbread]

hows things Nova?
you homeless at the moment ?

[daybyter]

Last time, he was seen here, was july 15th ... ?

[joesmoe2012]

I was excited for this project as well.

[Askit2]

So I am patiently waiting for NOVA! to post. It has been about a month since I last wondered about this. I hope NOVA! is ok, and I hope PROFITS isn't dying. I am hoping for an update with some sort of substance.

I really should have asked about NOVA!'s whereabouts before ComiCon in SLC. Maybe I could have found him in person being in that part of the country (unless he moved around since the last I heard about 2 months ago).

[Ianwhitbread]

Comic con

That would be so cool

Do you think he would have dressed up?

If so who would he go as?   

[Viceroy]

NOVA! is OK.  He could use a rich uncle, though. 

[daybyter]

Great! Thanks for the info!

Maybe we can collaborate in some stages of our projects...

[Ianwhitbread]

How much money are we talking about?

[Viceroy]

In dire need of 2 X FPGA development boards ($900 ea).

I'm confident he could use ANYTHING at this juncture, gift or loan.

We have a couple of projects that are out of this world. Unfortunately
the Venture Capital money we were hoping for hasn't come through and
there are not many job prospects in the part of the country where he lives
for someone with his skillset. He is currently working as a day laborer.


Feel free to PM me.

* Viceroy states clearly and for the record that this is NOT a solicitation for investment because it would be illegal for me to solicit investments from the public before the SEC gets off their asses and finishes the regulations they have been dragging their feet on for the last year and a half!

* Viceroy grumbles and mutters as he walks away

[daybyter]

Any news on nova? I hope this project is not dead yet, since I still hope for some form of collaboration in the future?

[Askit2]

I had hoped to gift NOVA! some of my profits.

Sadly ATP and I don't really agree on when it should sell etc. So although the ATP had made money, I lost money due to fees at MTGoX. I had hoped that going to BTCe would let me trade using a similar methodology to how I traded by hand and I would gift some profits. The required swing to make money was the issue not ATP. Newer settings are helping me slowly crawl back to even.

I gambled free money (converted nmc from MM) so I am not really out much. Still I had hoped to have a great platform running on BTCe soon.

Hopefully NOVA! is ok still. I am sorry NOVA! is having troubles finding more appropriate work for NOVA!. I do hope both of you the best of luck and wait patiently for PROFITS!

[daybyter]

Is Aido still around to help with a quick fix? I would help, but my code doesn't do longterm data caching yet, so I cannot do those ema crossing strategies yet.

[Askit2]

Is Aido still around to help with a quick fix? I would help, but my code doesn't do longterm data caching yet, so I cannot do those ema crossing strategies yet.

To be honest what I did by hand was nothing that couldn't be quickly duplicated and would likely have a great profitability the way I traded carries virtually 0 chance of loss of principal.

Aido hasn't updated anything code wise in 5 months. Granted he did add a new scheme for risk for me. Really all I needed was a simple addition to how VWAP was calculated. It would be nice if instead of trading so close to average that you only lose money ATP would let you add an offset so that you could at have average block out the fee areas as well.

[daybyter]

I'll have to complete some balancing bots and will then move on to some EMA crossing schemes. Maybe we could work on some strategies together then?

[Askit2]

I had been thinking about not telling my "secret". Truly anyone could figure it out given a few minutes. If you want to limit most of your risk and avoid loss of principal on nearly any market move it isn't hard.

What I did.
on BTCe I would sell an amount of bitcoins so that I would receive an amount of fiat. The currency technically doesn't matter. Say its USD.
I would then put in a buy at my sell -$1.50. So as long as the market drops $1.50 I make money. Now I sold .02 btc when I buy it back I only buy .02btc. I buy back the principal but leave the profits to run. In other words I can let whatever isn't the .02 btc run as long as I want as I will never lose principal. I may lose some profit.

If the market heads down I do lose some expected profit. I just do more sells and buys on the way down. In relatively flat markets its easy to just keep selling near the top of the range and buying near the low. I only needed maybe $1 of swing to make money at $130 per bitcoin. The only time you risk losing money is in an upward market. This is a real risk. If the market goes up you will lose some principal as long as your buy back hasn't happened yet.

This strategy isn't fool proof. It is possible to risk a small percentage of your principal and build a balance that no matter what you do will always be a profit. I never had more then one paired trade on at a time. This limits your risk. As far as automation all one would need is a sell, some math to make sure you aren't going to buy just enough to pay the fees or lose money, and wait for your price to come in. Rinse and repeat. Until an upswing happens. For this more logic is needed like the maximum amount you are willing to lose. So if it goes up some amount you buy your principal back regardless. Then wait for a nice sideways or down market and start your paired trades again.

Essentially ATP with an offset of .2% for BTCe or .6% for MTGoX would be enough to make sure you only sell if the price is high enough and buy if the price is low enough you would make something. Of course adding to that offset will limit the amount of trades but increase the profitability. The idea is essentially the same. The method is slightly different. For ATP I would need 2 instances running. One to buy up everything in a sustained upswing and one to trade based on an offset VWAP system or actual loss reducing logic making the first required one unneeded.

[daybyter]

I don't really understand, what you are doing here, but that's ok, since I'm a coder and not a trader. Anyway...if your strategy works, I wouldn't post it here. But that's just me. If you need help to create a bot for your concept, I might be able to help.

[Askit2]

I don't really understand, what you are doing here, but that's ok, since I'm a coder and not a trader. Anyway...if your strategy works, I wouldn't post it here. But that's just me. If you need help to create a bot for your concept, I might be able to help.

I just used paired trades with limit orders. The strategy wasn't hard to figure out. I don't expect anyone would bother trading it permanently.

The idea is that if I sold I set up a buy that price wise made me money. The limit order made sure I got that price or better. The amounts and the like are just mathematically calculated or made up. The part I liked about the system is that as long as you wait long enough that both parts of the paired trade complete successfully you will make what you would make on that trade.

Of course there are far more lucrative ways of making money by trading. I just used something simple enough I could put on a trade or 4 a day and make a little bit here and there without a ton of risk.

[Askit2]

Is PROFITS dead?

Hopefully everything is ok for NOVA et all.

If PROFITS is dead does someone know of another java trading application besides ATP as it seems development wise also dead. I would really like something like ATP or PROFITS but that works on BTCe or at least works ok on MTGoX.

[moderate]

Could someone explain how this project works ? Or how it doesn't work ? Running bots in multiple exchanges is the easiest part, how can you actually trade between exchanges doing that ? Obviously you can't, there is something missing here and it is a huge thing to miss.

[Ianwhitbread]

Yes I agree

Is profits or atp. Dead

What is our other options ?