Topic: [ANN] MarginBot - A Bitfinex Margin Lending Management Bot - page 2. (Read 45929 times)

Yes, I can tell you that is works. I've been using a previous version for 2 years and it has performed extremely well.

 Could you tell me, does it works? Is it safety to use it?

Hi HowardF,
I've run into some trouble when upgrading, as in the upgrade button didn't too anything that I could see, the page just refreshed quickly. It may be due to me coming from the deponzit fork (was usinh it for the last 2 years but it just mysteriously stopped working). Thus I decided a clean install from your repo was necessary. I deleted everything, started with new everything. I put in my DB info and on the next page and after I put in my API info and hit next I get:

THERE HAS BEEN A DATABASE ERROR
Please Contact Support If this error persists.
1054 - Unknown column 'currency' in 'field list'

I'm on PHP 7.0 and haven't the foggiest why this is coming up. Same thing happens after I try logging in normally. Any idea what I should do/it could be?

I hold some crypto, as well as gold. I buy into an asset as the price falls using pre-allocated fiat at various price points. As the price rises, I sell out at predetermined price points, but for a new buy, I always retain 33% of the asset as a core position which I will "never sell". My target for BTC is USD 10000, at which point I might sell my core position (accumulated when the price was BTC 1 was less than USD 1000).

I therefore have no problem lending out my core crypto positions, as well as the USD that are allocated for rebuys when BTC, etc. crash much, much lower.

Update on my earnings

Started with 1.67 BTC

BTC   0.00064869   9/21/2017 1:34
BTC   0.00084992   9/20/2017 1:34
BTC   0.00065268   9/19/2017 1:34
BTC   0.00028963   9/18/2017 1:33
BTC   0.00009418   9/17/2017 1:34
BTC   0.00038094   9/16/2017 1:33
BTC   0.00001963   9/15/2017 1:35
BTC   0.00020636   9/14/2017 1:33
BTC   0.00030252   9/13/2017 1:34
BTC   0.00022353   9/12/2017 1:33
BTC   0.00029864   9/11/2017 1:33
BTC   0.00027561   9/10/2017 1:33

Total   0.00424233   
---------------------------------------------------
Started with 52.48 USD

USD   0.01138437   9/19/2017 1:34
USD   0.02645962   9/18/2017 1:33
USD   0.02068842   9/17/2017 1:34
USD   0.03058716   9/16/2017 1:34
USD   0.03076744   9/15/2017 1:35
USD   0.03093932   9/14/2017 1:33
USD   0.03085982   9/13/2017 1:34
USD   0.0299652   9/12/2017 1:33
USD   0.03008847   9/11/2017 1:33
USD   0.0235216   9/10/2017 1:33
USD   0.03226006   9/9/2017 1:34
USD   0.03385569   9/8/2017 1:33
USD   0.03531509   9/7/2017 1:34
USD   0.01338319   9/6/2017 1:37

Total   0.38007545   

Bitcoin margin lending rates have always been MUCH lower than USD.  All crypto for that matter has much lower rates. I was in a fairly long discussion about crypto vs USD lending several years ago, in which I advocated always converting crypto to USD to lend ( https://bitcointalksearch.org/topic/m.9739115 ), but with prices where they are right now, turns out depending on when you got your BTC, I may have been wrong in my analysis ( honestly didn't see $4k bitcoin coming this quickly.... ).  That said, I still believe it is much safer and a far more reliable investment to lend USD.  Lending USD gives MUCH higher returns than crypto, and its fairly reliable, daily income.

But, I also do have some coin that I hold, just in case.  And I know a lot of other people do as well.  And having that coin sitting there doing nothing doesn't really make sense to me, so I added back in crypto lending.  Getting 0.01% daily returns on those coins is better than nothing, and the bot can still focus on my USD returns, where my real income is.

So, I finally got in touch with an admin here and was able to get the original account back!   Looks like I'll be posting from this account again, and this will allow me to update the original post when things get updated around here.  I'm going to post all the latest updates to that original message now.

Just posted an update to github, v1.08.  This is a small update that primarily addresses the "View Overall Returns" page.  It is now tabbed to show all available Crypto returns.  I also added a function (at the bottom of this dropdown menu) to import older return History, in case you want to import your older return history from Bitfinex for tracking / stats reasons.

http://therovegroup.com/MBot/MarginBotUpdate1.08.PNG


For the new Import function, just go to View Overall Returns -> Grab Return History From Bitfinex.  Then select the currency you want to import and select the date you want to use as the start date for your historical data.  Make sure to enter the start date in the format of YYYY-MM-DD EXACTLY (ex: 2017-09-19 for the date I'm posting this).  If you enter a long period of time, be prepared for this to take several minutes to run.  While its running, it will probably look like its stuck, but its not.  I ran mine from 2014-01-01 to stress test it and it took about 2 minutes to run, but this could vary a lot base on your server, how busy Bitfinex is, etc.  I'd suggest not going back too much earlier than that, as it may time out the script, but honestly Bitfinex isn't too much older than that, so it shouldn't be an issue...

http://therovegroup.com/MBot/MarginBotUpdate108-2.jpg

To install this update, just back up your /inc/config.php, download the latest version from github, unzip and overwrite the existing files.  Then copy back your /inc/config.php and everything should work.  If you're updating from a version older than 1.07, you should be directed to an update process when you access the site.  If you were already on 1.07d+ you shouldn't need to go through the update process.

Exactly.  I've always said don't be the gold miner, be the store that supplies the gold miner.  Let others take the big risks.  Some will make a fortune, lots more will lose their asses.  But either way, the suppliers (or in this case margin providers) make money.

I think of it as being akin to selling picks and shovels during a gold rush. Apart from the currency risk (if USD is not your home currency), the only volatility is in the daily interest rate.

You don't lose money, you just make it at different rates.

Agreed, I find it less stressful than day trading.

No worries, will wait for the next release

Cheers

The earnings are slow, but they add up over time.  Better than just about any other investment you'll find... 



I haven't put it in yet.  Making those charts is a bit of a pain, but I'm working to get it into the next build, and clean up the charts overall...

Update on my setup I have started with small amounts and my earnings below so far

USD

http://imgur.com/a/l6G47

http://imgur.com/a/6DNSe

BTC

http://imgur.com/a/4e9xY

I have a question, how do I find View Overall Returns for other currencies besides USD?

Thanks again HowardF3

Also, if Bitfinex starts supporting margin for a new currency in the future, and you don't want to wait for me to add support to it, all you'd need to do is add it to the CurPairs table.  Just need to add the currency code to curSym, the name of the coin to the curName row, and set status to 1 (leave the id blank and it will auto increment).  After that is should be an option in the dropdown menu.  Its also possible to hide currency that you don't care about, just set the status to 0 on any you want to hide.

Well that's awkward... Not sure how I managed to miss that one...  I added it to to the newest build, just uploaded to github.  However, for anyone who already has v1.07b or higher, you'll need to manually run a sql query to add it to your database:


make sure to change [YOURDBPREFIX] to the correct prefix ( BFXLendBot_ if you used the default setting ).

I also made a few other updates to the newest version just uploaded (1.07e).  Mainly it allows pausing lending for a single coin or currency, rather than pausing the entire account....

Yeah, the way the bitfinex API enforces nonce is strange.  I usually just use microtime on just about every other API in the world and it works fine, but on really busy BFX keys, there seems to always be lots of conflicts.  Easiest way around it is to generate a new API key for every device / bot / app.

I solved the lack of updates problem.

I put in a print_r statement that told me my nonce was too small.

That made me think maybe I was reusing some keys (1 iMac, 2 android devices, two BFX accounts).

I was right!

I build a new VM and the issue went away so it's all good thanks to you

Can you or anyone recommend settings for 1k usd lending?

Many thanks

Any chance of adding Litecoin (LTC)?

It's fantastic that you've generalised to more currencies.

I was seriously thinking about hacking your bot myself to get multi-currency support in.