Question: would you recommend using the trend following or custom bid/ask logic?
The vwapcross algo actually has decent performance and regular revenue generation in a static market.
You need to set the algorithm to high risk (when the market is flat like it's been), set the minimum currency trade size to 0.01, the minimum BTC to the exchange minimum for MtGox this is 0.001, the max local currency to 1, the max BTC to 0.1 ($10 is a lot of money to me and BTC is currently $120ish). Max loss tolerance of 0.25 (this translates to a risk of between 1 penny and 1 quarter).
Then you need to enable trading across multiple currencies such as GBP, EUR & USD. (I've got all currencies enabled, but performance seems to be in those 3).
With this setup I made ~10% today trading into and out of the various currencies.
Should you begin with both a BTC and USD balance or will it pick an entry point to buy/sell depending on what funds you have? If it is the former, what sort of split? 50:50?
Depends on which way the market is trending. It first decides whether to buy or sell. Then it looks at the wallet balance to see how much to trade. If there are no funds available it will not trade. For example, if it decides to buy BTC but you have no dollars then nothing happens. But, if in the future the market changes direction it will then sell your BTC for dollars. You will now have dollars in your wallet if the market changes direction yet again and we decides to buy BTC again.
I was trying to use this thread for discussion on future development of ATP and issues like deciding on a suitable name etc. And use the other
IsisATP and AidoATP thread for issues with the existing versions.....like this issue
.