[ANN][XPM] CryptoBot Investment Fund [CLOSED] [DAY 14 UPDATE]

MarpleTrading

full member

Activity: 191

Merit: 100

Day 14

Well, the first test round has come to an end and fortunately the period was concluded with a profit of 2.78%.

This means that for every 25XPM invested 25.695 will be returned if you have not opted to roll the investment over in to the next period.

The announcement for the next period can be found here: https://bitcointalksearch.org/topic/m.3131216

MarpleTrading

full member

Activity: 191

Merit: 100

Day 13

On the last but one day we almost made up for the losses and when we have another day then the last two we will end b/e.
This is of course a little bit disappointing but keeping in mind that it was a test I think there is enough reason to continue with the second round.
I will PM all investors later today when I am back home and ask what they want to do with their deposits. I will also make a new post for the second funding.

MarpleTrading

full member

Activity: 191

Merit: 100

Day 12

The reason we had some only small profits the last couple of days had a few reasons:

Traded with small amounts to see how new algo performed
Due to the weekend there was not that much trading going on
Switched bot off during the night to avoid problems with update of exchange

No that I am trading full speed again you immediately see profits return to "normal". Let's hope it stays like this.

muto

sr. member

Activity: 457

Merit: 250

While I'm perfectly OK with the two bad days, which were not the bot`s fault, I'm wondering why the bot now does only get very very small profit?

MarpleTrading

full member

Activity: 191

Merit: 100

The problem is it does it too fast, so that it runs out of funds too fast to really profit from the swings.

redphlegm

sr. member

Activity: 246

Merit: 250

My spoon is too big!

Quote from: MarpleTrading on September 09, 2013, 07:29:43 AM

Day 11

Changed the algo a little to prevent that the bot accumulates XPM in downturns and BTC in upturns. This means however that I need to trade bigger to reach profit targets.

I'm not sure what you mean by this. Isn't this the same as "buy low, sell high"? Why wouldn't you want to do that and what would you be doing instead?

Sorry if I'm being dense. I just don't really understand what you're saying here.

MarpleTrading

full member

Activity: 191

Merit: 100

Day 11

Changed the algo a little to prevent that the bot accumulates XPM in downturns and BTC in upturns. This means however that I need to trade bigger to reach profit targets. Furthermore it is still switched off overnight to prevent unwanted events in case mcxNOW updates without notice.

Finished the cryptsy bot and now running it in Alpha test, hope to deploy in the coming funding round.

MarpleTrading

full member

Activity: 191

Merit: 100

Day 10

Slowly gaining ground again.

MarpleTrading

full member

Activity: 191

Merit: 100

Cannot help thinking that you didn't look long enough at the figures and the graph murraypaul, because if you had you would have seen that the result in BTC is much worse than the result in XPM.

murraypaul

sr. member

Activity: 476

Merit: 250

If the point of the fund is to trade and increase XPM, then the value it BTC is no more relevant that the value in LTC, Dollars or Euros.
Can't help thinking you have only added that line because it looks better than the actual results?

MarpleTrading

full member

Activity: 191

Merit: 100

Day 9

From today on I will share a little more information in my daily update. I have added columns to show the BTC value of the fund.
I figured that this is valuable information as when the fund value in XPM stays the same but XPM/BTC goes up it is not necessarily a bad thing, where as if the XPM fund value goes up but XPM/BTC goes down it is not necessarily good.

Fernandez

legendary

Activity: 1008

Merit: 1000

That was a bit unfortunate, but its fun none the less.

I hope you will keep on with this even if it makes a loss in the 14 day period.

MarpleTrading

full member

Activity: 191

Merit: 100

Day 8
Bot is still not recovering from the surplus in BTC it has which is still pressing heavily on the results.
To put injury to insult I then made an mistake as instead of selling BTC at 0.0045 I typed 0.045 and
acquired the XPM at 0.0047. It is really a shame that this is happening just at the time that XPM is gaining ground.
Also overnight I stopped the bot because I am afraid that MCX is going to update when I am asleep and because of the
update the bot goes rogue when I am not around to babysit.

muto

sr. member

Activity: 457

Merit: 250

As long as you know what the problem was and you are able to correct it everything is fine. I´m sure the bot will get the loss back

paulthetafy

hero member

Activity: 820

Merit: 1000

don't sweat it marp, that's what the test period is for and why we're only using a small investment!

monkeynutts

full member

Activity: 139

Merit: 100

Well that was unlucky, but keep on with it looks to be very promising.

MarpleTrading

full member

Activity: 191

Merit: 100

Day 7

Today was a black day for the bot. It was nicely set-up with BTC to start buying with an eventual pump. The pump came but not the buying Sad

The exchange chose to do a reset and that caused my bot to crash. I thought I had solved that bug, but since it i snot an easy bug to test, I missed an exception catcher which caused the crash.
So now the bot has BTC which has to be valuated at a higher XPM price hence a big loss.