Chrome Browser extension: MtGox trading bot

[piotr_n]

can you explain more about the strategy? I am sure there is a reason why this bot waited and sold the coins when the price was low instead of when it was high, and then sold more when it dropped even lower. I am not trying to attack you or put you down I genuinely want to understand why it did why it did. I mean as retarded as it is it must have a reason for doing what its doing, you created this thing can you explain?

the strategy is explained in Goomboo's Journal

[1715154043]

1715154043

[1715154043]

1715154043

[1715154043]

1715154043

[1715154043]

1715154043

[1715154043]

1715154043

[cablepair]

i understand that but you dont want to explain specifically why it did what it just did in my situation, or you dont know?

[piotr_n]

i understand that but you dont want to explain specifically why it did what it just did in my situation, or you dont know?

you dont understand why it sold your bitcoins during this trend?

Code:

Hour   Price   EMA(10) / EMA(21)
16:00   4.895   4.916   4.936   -0.404%
15:00   4.895   4.921   4.940   -0.392%
14:00   4.870   4.927   4.945   -0.366%
13:00   4.885   4.939   4.952   -0.262%
12:00   4.851   4.951   4.959   -0.154%
11:00   4.990   4.974   4.970   0.078%
10:00   4.980   4.970   4.968   0.045%
9:00   4.985   4.968   4.966   0.025%
8:00   4.971   4.964   4.965   -0.014%
7:00   4.961   4.962   4.964   -0.033%
Balance = 0.00 BTC + 19.55 USD

you have 4 rows below -0.25%, though 2 is enough - it means downtrend: sell all the bitcoins at the current market price.
what you sold it for, was the market price at that moment - i'm guessing around 13:00 your local time
you don't think I set the price, do you?

[matthewh3]

i understand that but you dont want to explain specifically why it did what it just did in my situation, or you dont know?

I think its to do with the crossovers and the bot predicting a downward trend 

[matthewh3]

If this bot is profitable then an Android app of the bot would be cool better than leaving your PC on 24/7 and you could even sell it?

[chsados]

so does this just play with watever bitcoins you have in your account?  is there no way to tell the extension to only play with X bitcoins?

[matthewh3]

so does this just play with watever bitcoins you have in your account?  is there no way to tell the extension to only play with X bitcoins?

No I think it uses all you BTC/USD  

[piotr_n]

is there no way to tell the extension to only play with X bitcoins?

no - not at this version.
i'm guessing the mtgox fee is the reason for you to ask.
but, as i said, just try it with small amounts first in a test account.

[matthewh3]

Would trying a 9 / 14 crossover or a 5 / 8 crossover from a 10 / 21 crossover result in more buy/sells.  If so what would the 0.25% buy/sell value change to if it does even change?

[matthewh3]

Would trying a 9 / 14 crossover or a 5 / 8 crossover from a 10 / 21 crossover result in more buy/sells.  If so what would the 0.25% buy/sell value change to if it does even change?

It's a smaller ratio so I predict smaller changes in price would trigger a buy/sell 

[hoo]

as of the other day, it is against the tos to have/use more than one gox account.

*without asking, and receiving "expressed permission" to do so.

[cablepair]

i understand that but you dont want to explain specifically why it did what it just did in my situation, or you dont know?

you dont understand why it sold your bitcoins during this trend?

Code:

Hour   Price   EMA(10) / EMA(21)
16:00   4.895   4.916   4.936   -0.404%
15:00   4.895   4.921   4.940   -0.392%
14:00   4.870   4.927   4.945   -0.366%
13:00   4.885   4.939   4.952   -0.262%
12:00   4.851   4.951   4.959   -0.154%
11:00   4.990   4.974   4.970   0.078%
10:00   4.980   4.970   4.968   0.045%
9:00   4.985   4.968   4.966   0.025%
8:00   4.971   4.964   4.965   -0.014%
7:00   4.961   4.962   4.964   -0.033%
Balance = 0.00 BTC + 19.55 USD

you have 4 rows below -0.25%, though 2 is enough - it means downtrend: sell all the bitcoins at the current market price.
what you sold it for, was the market price at that moment - i'm guessing around 13:00 your local time
you don't think I set the price, do you?

if  thats the case - is there a way to make it quicker to react to the trends? btw: thanks for the response.

[Crypt_Current]

Would trying a 9 / 14 crossover or a 5 / 8 crossover from a 10 / 21 crossover result in more buy/sells.  If so what would the 0.25% buy/sell value change to if it does even change?

You seriously need to read ALL of https://bitcointalk.org/index.php?topic=60501.0

[Crypt_Current]

Then extract all the source files to a separate folder,

How did you do this?

[Crypt_Current]

Then extract all the source files to a separate folder,

How did you do this?

nevermind, I think I've got it now, found the "developer" checkbox 

[2weiX]

wouldnt it be something to develop this kind of app for bitcoinica? :-D

[Crypt_Current]

Then extract all the source files to a separate folder,

How did you do this?

Wait -- spoke too soon.  I actually do need some clarity on this if you would please:  Please explain how you extract the source files?  I only see "pack extension" and "load unpacked extension"...  

[Crypt_Current]

wouldnt it be something to develop this kind of app for bitcoinica? :-D

I plan to do just that if I can just get at the source code...

[beersforbitcoins]

Piotr, long time lurker here, I read all of goomboo's post before looking into this extension. Just wanted to say thank you and remind everyone else to LURK MOAR.

Sorry, just frustrating to see the difference in educated, thoughtful discussion and THIS SHIT IS LOSING ME MONEY.

Party on and thanks again for the work.

[BTC-engineer]

I'm wondering about why the historical EMAfast and EMAslow values are changing after a reload of the tool.

e.g.
Hour/Price/EMAfast/EMAslow/...
9:00/4.800/4.892/4.922/...
8:00/4.828/4.901/4.927/...
7:00/4.847/4.909/4.931/...
6:00/4.848/4.915/4.934/...
...

After disabling/re-enabling the tool it shows the table again. The historical price is for every hour the same like before, but EMAfast and EMAslow is quite different than before and therefore also the difference in %.
The difference in % is the value on which trades will be triggered. I guess it has something to do with the market price change, but I don't understand why this influence the historical EMA values?

Has someone an idea for this behavior of the tool?