Topic: Chrome Browser extension: MtGox trading bot - page 14. (Read 72509 times)

fible1 - are you the same fible on OTC? if so, i'll talk with you there tonight.

Ok, if I grasp what you are saying, the bot will take the lowest Bid or Ask in the ORDER BOOK and set the order that way. This is different from market in the sense that market would be a spot trade which is in a sense a point in between these two values from what I have seen (I might be off here). I'm pretty sure the original bot had a similar structure. I have not experienced losses this way as it is trading at the lowest or highest price in the book depending on the buy or sell, and the bots function is to get you out of a bear market or into a bull market, so if it trades at order book or spot it really doesn't make a difference: it's much, much more important that you are using correct threshold values and that the bot has identified a real bull or bear market to act and not gotten you out of a bull and into a bear.

Just to be clear it would be very very hard for a properly set up bot to buy you into a real bear or sell out a real bull market given the EMA logic. I'm not saying it can't take a loss this way, I'm saying that over time it ought to make more right calls than wrong ones and be profitable. This is why I personally use much lower SELL threshold values than BUY threshold values as protection against an erratic market. You also have to keep in mind that ALL BOTS that follow a trading strategy are assumed to be profitable OVER TIME. You have to look at your profits and losses at least over a couple of weeks, you can't turn it on for two days and judge. As for me, it's been profitable.

So far, the theory behind the bot has proved sound and profitable. I am sure that can be seen in the extensive discussion on Gomboo's Journal.

Best.

No offence at all

What I ment by "market order":

Market order is when You are not specyfing certain price and agree on "market" one. I've short experience with MtGox - but I'm observing that it is probably just highest present "ask" bid if  you sell and lowest "sell" bid if You buy.


Last time the bot sold it gave me a huge difference in price:

http://i39.tinypic.com/34sf8rn.jpg

- so should go about 360 PLN ...

And from my transaction history:

2013/05/06 22:40:06 BTC sold: 0.63494606 BTC at 345.00000

Or maybe it is rather my currency problem ? Market in PLN seems not to be very deep. How to play on that ?

No - too much games are unhealthy maybe I'll just switch to USD.

Sure, PM me the details I will look into it .

Best.

You are not interested to work in another bot project? (More complex.)

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I'm not sure what you mean by if it's making market orders. Are you asking about how its setting its bid for a sell/buy command?

Regarding losses with the original: the reason I developed this bot and invested a significant amount of money in getting it right is because the original WAS profitable for me. I have a lot of respect for Gomboo's EMA theory and how Piotr implemented it. I mean no offence when I say the bot was just a little rough (it crashed every couple of hours for me for example) and since it was profitable I figured I'd improve it. I must say that the default settings were not optimal for profits though and thats why I set the 4 threshold values. Once I tweaked that things started to really look up.

Any other questions you may have about my version, I'm your man .

Best.

That seems to me like a pretty simple custom mod. PM me, I am sure I can work that out for you .

Best.

You draw the graph just with JavaScript? Because I have a smartphone project, that could use such code ...

Angry ? Come on I'm not playing with BTC for business - I'm doing it for fun ...
Proof ? I've preserved original author BTC address in the code.

And don't tell me You don't know what's open source.

When You have to buy and then reverse engineer something to get the code - it is no longer open source.
I've just simply asked for clear declaration from You about it

And it seems that if Your bot is really profitable then it is smarter than original one  

Mine just sold and cutted loses. So I will never tell people that they will make money on it. I just don't have to make any marketing  

By the way - is Your bot doing just market orders or are You specifying the price ?  

Original one was doing market orders - and this was generating additional loses.

Fixed - let's see what happens

This may sound weird but is it possible to have a bot notify you (via email/text/etc) when the EMA lines cross, and that only? I don't want it to automatically trade but to just send me a notification of when they cross so I can initiate the trades myself. You wouldn't have to include any trading data or anything. I know people spend a lot o time and effort on their codes and was wondering if this was possible.

Thank you in advance for any help.

I'm thinking thats technically possible, I'd have to look it but I'm thinking that would be a nice addition to Version 3 .

Anything else you'd like, please post it here: https://bitcointalk.org/index.php?topic=197175.new#new and I'll make sure to try to include it on V3 .

Best.

Yes.
Damn me and my misuse of terminology @_@

Hi ,
  Do you mean that you would like to be able to see the EMA lines and thresholds values represented on the graph?

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Sorry to bug you, but would it at all be possible to have the trend lines update on the graph based on settings used? Completely unnecessary, but nice

If you read the post before getting angry, and checked my thread, you know that you can decompile the extension and get the source.

Also the code is RADICALLY different and has many many features the original didn't have, it is in essence a different bot, the trading concept is the same however.

Best.

fible1 - is Your bot still open source ? Is it nice to make someone else's work closed ?

A sneak preview of the next version. The main difference from the current one is that it will include and ARBITRAGE bot aside from the TRADING bot.

I have just bought a copy of the software and received it. Will post review within the next week.

I am selling a completely rewritten version of this bot here: https://bitcointalk.org/index.php?topic=197175.new#new

 The following features are included:

1. The code has been completely rewritten in JQuery.
2. The bot is now completely stable, I have had it running for 2 weeks, it doesn't crash anymore.
3. You can set different trading windows, 1 minute, 15 minutes, 30 minties, 45 minutes and 1 hour.
4. You can set two different threshold for buy and sell commands. You will be notified when the EMA value passes threshold 1 but the bot will only trade after the EMA value has passed threshold 2. Thats 2 threshold for buy and 2 thresholds for sell that you can set.
5. The bot now displays a beautiful graph to show you the trend.
6. There is an arrow on the display showing whether the trend is going up or down.
7. The bot will EMAIL YOU once a threshold has been crossed and once a trade has been made (beta), please note you need a FREE account at postmarkapp.com, which grants you 10,000 free emails, thats about 8 years worth of free bot operation.

Upcoming:

1. Segregation of funds on MTGOX, trade only what you want to trade.


Check out the thread or PM me for details.

Pablo.

played yet a little - I wanted to have some chart on it here it is:

http://i43.tinypic.com/9a45sm.png


It's nasty and draft - but for me enough.
Someone want's it in extension ? Please make a donation 0.1 BTC to 13eJdr8ndc3MJAeHGpVTNMPUtTGE8ANHpL
I think I can also do a visual simulation of different EMA long/short values - another 0.1 BTC