Topic: Anyone use btcrobot.com? - page 13. (Read 56184 times)

yes, we are researching the Bitstamp as one of the alternatives. I will keep you posted!

eurobitcoin do you plan to add Bitstamp support or 2-Factor authentication?

Yes of course, this is something that I meant to mention but forgot. I will add it

Thank you for your bitcoin robot review!


True but here we need to understand that BTC price won't be always growing. The fact it grew during that time is amazing but of course like you fairly mentioned it did not show the full potential of the robot because you could simply sit on your BTC instead of trading. However if the price goes down, that is where the power of BTC trading is. The robot will anticipate such moves and will try to sell BTC into USD to save the portfolio from the downfalls.


This is the limitation of the API we are using from BTC-e , the robot (via API) cant recognize if extra deposits are made by trading or by manual deposits. To avoid that we always recommend opening a fresh BTC-e account, deposit first and only after that activate robot and start trading. If you wish, I contacted you in PM to reset the robot.

Today marks my first month on using BTC Robot (GOLD), Here is my take:

- It's not a scam, You get a product, and it makes trades...

- Easy to set up

- Customer Service is OK, They don't take too long to respond. If you have multiple questions make sure you spell it out for them. I have sent multiple questions a few times and only received a response to one of my questions.

- Was skeptical at first (obviously), as the robot did not trade for the first week. I thought it was broken, and there was nothing in my interface telling me otherwise. They recently added a message saying that the robot is "monitoring the markets", but sometimes I wonder...

- The graphs are not very helpful, right now mine wont even show up. The BTC prices seem to stay up to date pretty decently, though.

- I have been trading on MEDIUM setting, but it always changes to custom settings after awhile. BTC Robot Rep's tell me that this is happening because they changed the settings. This is OK with me I suppose as long as it is helping my cause (they should know best right?).

- It has now made a decent amount of trades, but for these trades there is only a time shown. And this time does not match up with my time zone. SUGGESTION: It would be GREAT if I could change my time settings on my robot so that I know what time the trade was actually made, ALSO adding the date of the trade would be helpful. EVEN if BTC robot could just add THEIR Local Time on the robot somewhere.....I am smart enough to figure out what time it is from there.

- I don't really believe the profit calculation on the robot. When I deposited my bitcoin, it said my profit was the amount of my deposit... Kind of annoying because obviously that isn't profit... As for the Weekly profit; Either it is not right, or it isn't calculating the way it should be.  I believe that it is just going day by day instead of week by week. So it is always just the last seven days instead of the last WHOLE week (Mon-Sun). This needs to be updated.

- PROFIT: I originally invested ~$430 worth of bitcoin at around ~$100/btc. My robot claims total funds to be $519.00 as of this second. The BTC price is at ~125$ now. So take my 4.3 BTC x ~$25 profit/BTC = 107.5. SO 430 + 107.5 = $537.5.

 That is a great profit for a month indeed! But if you took the $537.5 minus my $519.00 total funds, that would mean that the robot's trading has actually lost around $18.5 of potential profit, which is not too much considering some of the previous prices I stated may be off a bit. But I am positive that in my first month the robot has caused me to break even at best, because most if not all of the profit is simply because I bought the bitcoin at a lower price than it is now. BUT, I can also say I would not have purchased the Bitcoin in the first place if I had not found the robot to invest the Bitcoin in!

On a side note:  BTC Robot claims their program will benefit the most when the price of BTC fluctuates. This month in particular, the price of bitcoin has done nothing but essentially move to the upside. It will be interesting to see how it performs when the BTC/USD comes under pressure.




So my final take on it is, It is not a scam. It in fact makes trades. The system is still very flawed I can tell, and not very user friendly; but it is rather new. It needs a boat load of updates, and I hope that the BTC Robot Devs are working on these issues as we speak!


Disclaimer: This is just an experiment for me, I wanted to see how this robot worked if at all (hence the rather small investment). I have years of trading experience. Not only in Bitcoin, but also the NYSE and other global markets. This is only my personal experience, your results may vary

Sorry for the long post but this is my experience so far. I will probably add more as I go. If you have any questions feel free to ask.

I can not promise your future profits amount but based on the settings we see the following realistic expectations

Conservative: risk/reward = 0.1, profit potential = 2-5%/month
Medium: risk/reward = 0.25, profit potential = 5-10% /month
Aggressive: risk/reward = 0.4, profit potential = 7-20%/month

Only 7% a month? If you make 372 USD in a year, would that cover your license costs? Any way, it beats whatever a bank can give, you so you have that...

What were your expectations, 20% at least?

Ok, i understand better the concept of this robot...

In terms of pure gains my results so far:

balance :466$ from 26 august
balance: 497$ actually

Not really impressive after 4 weeks, about 7%, i expect this instead:

"Depending on your account size and risk level you set it is usually making 20-100% per month."

So, results don't match goals as described in your site, i will wait again few weeks before my 60 days guarantee for decide 
to continue or no.

Lets give different example to explain the point.

You buy a bar of gold and pay for it $100.



The worth of your portfolio is $100.

Instead of trading with gold you decided to keep it assuming price will always grow. (like you just assumed with BTC when saying you need to grow BTC only)

But instead of growing the price of gold is just going down this year



after few months you are still sitting on your gold bar which is now worth only $60

You lost $40 of the value and not happy anymore keeping it forever.

With the BTC robot this would not happen. Instead of keeping the BTC forever, it would anticipate the price decrease and trade it into USD during such time so you would not lose but WIN.

I'll try it for a few weeks at medium just for fun, but this "robot" looks like it's just a buy-and-hold insurance plan that has no intention of trying to make money on small movements in the market... only on large drops will it ever do anything other than buy as many bitcoins as possible and hold them forever.  Not worth much to anyone if you ask me.

Medium settings trade more frequently. Aggressive is trading less frequently. Medium settings are targeting for smaller trades but with each trade you are paying small trading commission to btc-e so your profit is smaller but you have more trades.
Aggressive settings are looking for long profitable trades but does not trade often because of that.

BTC has not been rising the past 6 days.  It has been fairly stable at  about $124, but during that time there were a few swings from about $121 to $125 that the bot should have been buying and selling at if it were "aggressive" or even "moderate".

If the "aggressive" settings don't trade often, which setting or custom selection would force the bot to try to make some money by trading more often.  The whole point of using a bot should be to take advantage of small ups and downs during normal movements.  Any change of a dollar or more should be triggering buys and sells.

No.  There are far better products out there.  Just look at the profit chart eurobitcoin posted.  Over the past month and a half it has had hardly any gain even when just holding bitcoin would have increased the value.

Also, eurobitcoin failed to address any of the problems with the bot, especially that the current btc-e/gox prices do no update.

If you're looking to gain BTC I would advise against it, see https://bitcointalksearch.org/topic/btc-robot-295972

I want this. People who have it, should I get it?

Please kindly avoid the promotions of the other products in my topic.  It's not professional to advertise something by bashing your competitor in his topic... Thank you.

The fact they have 10000+ settings ON GUI does not mean they are better or worse. Our software is made as a simple solution for people who are starting with BTC. Most of them are not geeks.

Our ONLY goal is to make a long term profit by managing your trading portfolio BTC+USD optimal way.


You can send us the screenshot to support to check if everything is working right.

However BTC price is rising last days and there is no big sense in selling it. The robot will wait for signs of BTC price to drop before selling it. The aggressive settings dont trade often which is totally normal, they are waiting for bigger gains and less trades.

See the long term results:

I purchased the silver plan just for fun to see if this is a scam or not and it appears to be a poorly written attempt at something that looks like a trading bot but that does nothing useful.

Over the past 5 days, I've left the bot on the "aggressive" setting and it has not made any trades unless I sell  btc on btc-e then it just buys it back (for a loss usually).  During this time, there have been a number of opportunities for the bot to buy/sell but it just sits dormant.  Also, the current prices shown at the bottom of the screen are far from current and are usually way behind and sometime never update for long periods of time.

I have version 1.0 of the robot so if there is a newer release that fixes these issues please let me know before I request a refund.

BTW, I've restarted the bot a few times and that made no difference.  For those of you looking for a real GUI-based bot, I'd take a look at this thread https://bitcointalksearch.org/topic/haasonline-simple-trade-bot-for-btce-and-bitstampmain-topic-211979

After 1 year you will be able to renew. We will have discounts to the old clients. You can also choose a platinum plan with premium support and 3 years of VPS included!

But in Gold Plan, what happens after the one year ? Any additional cost, which you didn't mention ?
I see a onetime payment for 1 year ?
What happens after ? Another 249,- ?

nw.exe is Node-Webkit


Ruby.exe is Ruby software development kit. It uses a lot of memory which is normal. That's why we dont recommend running Silver on VPS. It was developed for home PC. In case you are interested in VPS, best way is to upgrade to Gold. The difference is only 99 usd but you get full year of trading VPS there and simple web access.