Topic: Anyone use btcrobot.com? - page 10. (Read 56168 times)

Thank you for your opinion. If it was that easy we could do it long ago. Anyways, if you are using fresh account there should not be any problem.

Starting to think this may just be the case unfortunately :/

*And the real crux of it is that I'm basically talking about a section of code that at most should take 35 minutes to write...assuming you watch yourself a whole episode of big bang theory first.

Yeah, have been taking a look at couple of the open-source based projects as of late too. Thankfully it seems as though BTCRobot has finally decided to stop selling my BTC low and buying it for more and is currently leaving everything in BTC. At this point, definately not seeing any benefit to using but will continue to allow it to run. BTC can't keep going up forever...or can it :p

*I too have noticed that every trade my bot has executed thus far has for the most part been counter-intuitive to me as well...maybe I should just let it run in the background, watch it, and do the exact opposite of what it's doing on some other exchange with same BTC and see what happens? :p

I used BTCRobot and I am an affiliate of theirs. I'm not a customer anymore as I've found that its more profitable for me to leverage trade on BitFinex.com than to make use of the platinum license.

Its not a scam and I can vouch for it (on that aspect) from my experiences. For accepting payments, they use the services of Clickbetter, a Clickbank clone so you're assured of your money back if you make a refund request.

In essence, as I could tell it uses the price difference between the exchanges to decide if it should buy or sell and makes a few small trade when it claims to find opportunities. I bought in a time when the market was a bit flat, not much volatility and hence not much trading activity from the bot.

When it did trade, it was counter-intuitive. Selling when the price dropped and buying when it went high again.
All the while though this, they kept in touch with us customers assuring us that this bot is a long term thing and in the long run it would turn out well but it simply wasn't working the way I wanted an automated trading bot to do so.

As others have mentioned on this thread, there are some open source bots and I'm going to start there, do some research and find a system to trade that we can discuss and collaborate on, make available to the community freely and sponsor upgrades through donations, because it works to grow your BTC (XBT?) wallet

Anyone interested please PM me!

Lazy programming, same reason you can't make the bot run based off of BTC instead of $.

Strange, this answer confuses me a bit more. Well, maybe not so strange

How could there be no way of telling if balance was increased by manual operation? You know our USD/BTC balances. The bot obviously knows what trades it has executed, when, and for how much. I'm missing something here.

API documentation says otherwise... All you have to do is pull trade and transaction history, then do a little bit of comparing to figure out why the balance changed.

^ You can have that tip for free.

I appreciate your concenrn.

We do check balances obviously but there is no way to see if balance was increased by manual operation, robot trading or manual extra deposits. We recommend that you start fresh BTC-e acc and deposit just once before trading.

Regarding this API limitation? Are you saying that btc-e api doesn't give your bot the ability to check current BTC/USD balances in realtime?  If the bot is only making 2-3 trades on some days, would it not be wiser for the bot to be aware of newly added BTC prior to making next buy/sell order in case there is a major dive or climb? I'm not understanding the logic or your response to that particular aspect. Can you please clarify?

*I just took a 5 minute look at the btc-e API documentation and your argument is invalid. The getInfo method returns all current user-balances for all held coins, so it is not a limitation of btc-e's API but rather how frequently your bot is checking this method. I would love to hear back from you on this.

The robot trades on Btc-e.com not on BitStampt. BitStamp is used as external additional filter. Even if BitStamp is offline, the robot is operational.

I'll leave it, have enough day trading experience to know what works and what doesn't. Just wanted to know if this was for real or an amateurish implementation/ Thank you for your millions of calculations per second comment, it made me laugh so hard.

Also it runs millions of calculations per second and uses up all your CPU, even if the trade decisions are like max 10 per day. Anyway, it's one bot, it works in it's own way, take or leave it.

so you're telling me the bot goes with the flow and the book depth on 3 exchanges but doesn't follow established trading indicators that generate buy and sell signals?

Hey fellas...It appears as though the BitStamp API interface with BitStamp is possibly offline since 0:47? I seriously doubt there has been 0 activity either way going on there since that time.

The robot is using hedging techniques, it analyzes not only the price of btc-e but also the price in other 2 major marketplaces: Mtgox and Bitstamp to take the decisions.


The balance check call is done during the next trade after the deposit is made
That's api limitation, not a problem.
The net value of portfolio is counted in USD at all times (sum of btc+usd)


The robot is a long term solution and does not require checking and baby sitting. Please set it on aggressive and let it work. No need to doublecheck it daily. The goal is to grow your portfolio over the long period of time.

here is one of our clients. aggressive settings. As you can see it is much more effective than "buy and hold" strategy because the drawdowns when the price goes down are significantly lower than price drops. so the robot not only good at making profit but also at keeping it when price of BTC drops!

Ok, so I've been running the Gold Hosted bot with Aggressive settings for several days and I have a couple of observations thus far:

1.) The bot doesn't seem to handle new deposits very well or at least was designed to ignore them until the bot is shutdown and restarted. So if I decide to sell some XPM for BTC the bot doesn't seem to take this overall net BTC increase into account with regards to its trading strategies.
2.) Thus far all I have seen the bot do is sell whatever small portions of BTC I direct at it for a seeming loss. (Note: this would have been pretty easy to do myself and far cheaper I might add, but I do understand that BTC has basically just been on the rise so I'll be patient)
3.) The two buys that the bot did perform made absolutely no sense to me whatsoever but could be as a result of my exchanging other coins for BTC and restarting the bot perhaps?

Anyway, I would like to continue to throw more BTC at the bot in the hopes that it knows something that I don't, so could you please let me know if shutting the bot down and restarting it after each BTC increase is the proper thing to do?

question. A trading bot lives and dies by trading signals, regardless if it's BTC or any stock. What technical  indicators do you use?  I personally like Bolinger Bands mixed with support and resistance points

Yes, you can trade from USA too. BTC-e.com allows direct bank wire from members even from USA. no need for coinbase.

So if I buy this can I make a profit being from the usa?
Because we can only buy from 2 exchanges Mt.Gox and Coinbase and Coinbase is always cheaper.

tysat,
we discussed this many times.

The robot goal is to grow the USD value of your portfolio (sum USD+BTC on account).