BTC-e day trading strategies

[eronyx]

Hello Everyone

I am an experienced MT4 programmer and from time to time trader. Recently I noticed that Btc-e provide MT4 real accounts so I thought it will be a great idea to develop some robots, back-test them and go with the one which are working best, besides that you are actually buying crypto currency there is hard to go bankrupt - you could only loose investments if not invested properly.

From some feedback https://bitcointalk.org/index.php?topic=361466.0 on this forum I found that there are not really happy clients of real accounts, and from my experience I know MT4 can be very easy manipulated in background, either providing wrong data or delaying the price,m or giving a bigger price and so on.

My Goal:
Long-term profits from crypto using automated robots

My idea:
Will start developing some strategies on MT4, use that for backtest and forward test, then will re-write them into stand alone Software using BTC-e API

Strategies to try:
grid - trading : has some potential since we will buy some real stuff, and on 1:1 leverage we can hold them longer time
EMA crossover : this one could be a very good risk:reward strategy from other posts which I saw on forum
Volume trading : has really good potential since we can see the order books
others to come ...

Notes:
Since BTC-e charges 0.2% per transactions that means it will be 0.4% per one "trade" = buy + sell, this is kind of a big "spread" but in the same time the lowest one on crypto currencies

Anyone willing to share their experience feel free !

[cyhiggi]

how much for the script ?

[eronyx]

how much for the script ?

I am not selling anything - I am just trying to make it work and will be more then happy to share the results with public

Look at this Fibo on H4 chart - one way or another the price moves around those levels and this is interesting to exploit

https://i.imgur.com/zWaAfKv.png

[eronyx]

Update on Fibonacci Levels and how they prove to work on Bitcoin as well

Daily Chart

750 Level looks to be an important one  (50% retracement + 61.8% retracement)

https://i.imgur.com/cWrsGaK.png

H4 Chart we can see it closer

https://i.imgur.com/KVH4uxN.png

good luck trading

[eronyx]

Fibonacci Levels prove that they work in bitcoin trading on BTC-e as well

$750 level looks to be an important one and we saw that we had a breakout of that level all the way to $830 and we could go more uptrend

updated image:
https://i.imgur.com/xHvuGtw.png

[eronyx]

update on the charts

these levels are so powerful !!!

made some good money on those

https://i.imgur.com/cxyuvle.png

[eronyx]

A very nice resistance levels for couple of days

https://i.imgur.com/7Xes2JA.png

Since today is Friday if nothing will happen in the next hours I think the same will be over weekend and then we will see nice movements as those levels break

[yahma]

The problem with Fibonacci's are setting the start & ending points (0/100 levels) are more of an artform than exact science.  What is your idea/method for automatically determining good start/end points for the fibo?

[daybyter]

When you want to turn yout strategy into a standalone software, let me know. I work on similar stuff and already got something running.

[VOC_Bitpirate]

Hi,

I am a bit of a noob, but I was thinking the same thing, it would be awesome if you could create a tool that would automatically trade for you based on some kind of algorith, / technical analysis.

Curious to hear about your progress

[2tights]

Hi,

I am a bit of a noob, but I was thinking the same thing, it would be awesome if you could create a tool that would automatically trade for you based on some kind of algorith, / technical analysis.

Curious to hear about your progress

These are out there and being used by many people.

[eronyx]

The problem with Fibonacci's are setting the start & ending points (0/100 levels) are more of an artform than exact science.  What is your idea/method for automatically determining good start/end points for the fibo?

the start point is to have 2 Fibonacci - on on longer period and one on smaller - then we can use the confluence areas as good points, so far I use it only for manual trading since they are quite hard to automate, but working on it

[eronyx]

When you want to turn yout strategy into a standalone software, let me know. I work on similar stuff and already got something running.

did you use also Fibonacci?
and on what programming language you developed that?

[daybyter]

No Fibonacci. I used Java.

[eronyx]

No Fibonacci. I used Java.

Did not used Java for some time, I will make it either in php for localhost or C#,  maybe java as well

[daybyter]

In case you want to use java: I released some of my API implementations as opensources already (not yet complete, though):

https://github.com/ReAzem/cryptocoin-tradelib

If you are interested in some form of a collaboration, let me know.

[eronyx]

In case you want to use java: I released some of my API implementations as opensources already (not yet complete, though):

https://github.com/ReAzem/cryptocoin-tradelib

If you are interested in some form of a collaboration, let me know.

cool
thank you very much, will definitely take a look

as I know java should work fine on MAC, but C# will be only on Win, so for sure will talk to you as soon as have something nice ready

[daybyter]

If you want to discuss things, you can add me on skype. Nick is daybyter.

[crazy.frankie]

Guys, take me with you 

[eronyx]

Why not just buy on BTC-e and sell on Mtgox immediately?

that is an old issue and story MTGox takes very long to send you the money . I guess you are not the first who thought of that, I checked that as well and by feedback of others on this forum it takes too long to get the money from MTgox, sometimes even months