Topic: BTC Robot - Worlds First Bitcoin Robot - page 2. (Read 16861 times)

Thank you tbly13!

Is anyone coming to the next Bitcoin conferences ?

I like the BTCRobot. definitely still a little buggy. For example, right now my robot (Gold package) is posting the wrong balances of USD and BTC and does not match the Balances on my BTC-e account, this may seem like it's not a major problem, but the robot will not make any trades when this happens (this is the 2nd or 3rd time, so I have become aware of the issue), this misses out on trades  . To fix this issue before they just simply reset my robot, I entered a new API and it immediately started working again. I wish this was something I could do myself and not have to ask support. This way I could also have the ability to deposit or withdraw funds from my BTC-e acct without screwing up the robot.

Support used to be very quick in responding, but now I find it is taking longer and longer to get some help. And sometimes their responses don't have anything to do with your initial issue (it seems like they have a bank of pre-typed responses that they pull from almost).. This is frustrating because, while I believe in the software, they seem to lack the ability to take care of their customers needs easily and efficiently. So I have a dormant $250 Robot (again) for the time being. I already decided to not receive a refund after 60 days and am going on my 3rd month with the robot.


EDIT: I tried deleting the old API and creating a new one and put it on the BTCrobot account, It has now started working again (trying this hasn't worked in the past), at least the amounts are correct for now. Looks like it has resumed trading, but has not made one yet.

The point is that your BTC Robot is worse than doing nothing.

We don't play "would have" or "could have games". This game is dangerous, you are playing it expecting the price always to grow. but if it was not true, I could say the same , "if you did not trade with robot, your loss would have been XXX" etc.

Ha ha, that's true though!

hmmmmmm

LOL. If you had bought bitcoins with $10,000 on Oct 11, your balance on Nov 9 would have be around ~$26,000 without any 'trading'. So your robot got you into losses!!!

Detailed explanation:
 
- Oct 11. Buying 80.645 BTC for $124/BTC (10,000/124=80.645..)
- Nov 9. Selling 80,645 BTC for $330/BTC. Your balance is $26,612 (80.645*330=26,612.85)

Cheers.

It's doing great. Drawdowns are very small and robot trades them out to minimize price drops

What happened with the recent price changes?
Can you show your account?

So far my experience with BTCrobot hasn't been able thus far to improve my overall BTC standing but I'm beginning to think this has never been the intention behind the bot. Rather, it seems to try and leverage between your BTC/USD value(s). So far with my having the unit on aggressive settings for a little over 2 weeks, I would've made more money simply purchasing and holding my BTC. Obviously since turning my bot on it probably hasn't had too many opportunities to essentially beat BTC at it's own game.

If your looking for an aggressive bot that is going to try and radically increase your overall BTC position this isn't the bot for you, if however your simply trying to maintain some sort of relatively steady BTC/USD growth (emphasis on USD is my guess), it seem's to perform as advertised. I am an inexperienced trader who has already figured out that trying to play the trading game with financial fellas that have been doing this for years isn't the game I should be playing. So far, btcrobot let's me play a little bit, without losing my as badly as I was when trying to do it on my own. Even though it hasn't made me as much as the simple buy and hold would've, I'm going to continue to let it run just in case it does work some kinda magic when BTC finally does take some sort of breather.  Anyway, apologies for the semi-disconnected yet still related rant, I hope this gives you a better picture.

Sorry for bumping, but I thought in current bull market maybe even a basic robot would work well...have any of you guys had success with this?

Our main topic is here
https://bitcointalk.org/index.php?topic=268533.160

I would suggest to close this one to avoid duplicates

Something that you might read about it:
https://bitcointalksearch.org/topic/btc-robot-295972

I did not post any topics. I came here to represent BTC robot supprt and reply questions in existing topics.


BTC robot is not a crystal get rich easy money thing. It's proven to make stable conservative growth on your portfolio (BTC+USD).


Of course you need to pay for license if you want to trade, it's a commercial software. We have a big team of developers, programmers, designers, support guys, vps costs etc and they all dont work for "thank you". When you pay you are guaranteed to receive the product, VPS presintalled (in case of Gold) and good support.

Have to fund it? How is that bad? You cant make money from air. The robot is trading your funded Btc-e.com account via API.


Nobody can guarantee you future profits and the one that does is outright scam. You can only legally share you past performance and test.

If you assume that there are investments that can guaranteed to be profitable 100%, your search will bring you to dead end. There are none. Any returns assume the risk and it's normal. Dont get fooled by get rich promises.

You were really asking for it:
- posting in newbie section
- something to make "easy money"
- you need to pay for a licence, download it and have to fund it

There is so much trust required just to get it started.
And even if all that turn out to be fine, you still don't know if it's gonna be profitable.

Very good suggestion almightyruler, much appreciated! We will look into that in the next update!

I just had a quick look at the API and I don't understand why your software cannot differentiate between its own trades, and "unexpected" transactions such as deposits.

1. Query and save balances the first time the program is run (and optionally at a later point, if the user wants to reset everything.)
2. Keep track of each order ID submitted. These orders are tied solely to your bot.
3. Query trade history, ignoring any orders that you did not generate. This should create a chain of trades that can be simulated locally, starting from the initial balance, to give you a final balance for each currency.

I think you just need to say in big letters that the robot is not designed to grow your BTC, because that's what almost everyone on these forums will be looking for.

Here we go again...

seems
BTC robot is scam and thats it.