Topic: Chrome Browser extension: MtGox trading bot - page 20. (Read 72509 times)

nm. I thought you were being sarcastic in your previous post. (If I would have made the same statement I would have been)

w/e

i don't do python. the rig runs on win7, so putting chrome on there and letting it run minimized with the bot shouldnt to much harm now.

I don't think a very short time scale would work well with the strategy of the bot and I think the longer time scales issue may have been solved with the bot now showing five days of ticks rather than just twenty-five hours tho don't quote me on that? 

FTFY

lol. put the chrome bot on the mining rig. 

oh hells yeah.
instead of worrying about availability, I will just put the chrome bot on my mining rig.
problem solved.

still would like to use other scale (5 mins?) and longer ranges, ie 100/200

Honestly, I'm not sure which one is scarier. Android, probably. I'm no android coding guru, but due to how android works, it seems there's a significant potential for the bot app to be inactive at an exit for a trade. A browser based bot isn't so bad, but has issues.

The best place for a bot is on a dedicated box, in a datacenter (or a mine!). I have a couple that I'm looking into.

+1

I like the idea of an Android bot over a browser based bot.

where's this EMAbot for Android? That sounds very interesting.

Cool as if you can improve the bot or make a better bot all the better I'm also trying out 'dnnbitcoin-bot' as well with small change plus waiting for the new bitscalper (under new management) to try with small change again and would try another bot too if I could find one.

I have read the beginning. I am, however, pretty familiar with several such trading systems, and the anticipated results. There are definitely some spots I see in the chart where this would likely have picked a losing entry point, but the underlying system is still valid. All other things being equal, it will make money, at least for a time.

The issue is more the fact that the bot is A) predictable, and B) prevalent in a small market

In a big market simple ema bots aren't so easy to game, there's much more going on. In a small market like bitcoin, it's not terribly hard to place a trade that causes these bots to enter, and exploit the known result. (not necessarily to the bots' disadvantage, but often so)

Goomboo addresses B in one of the early posts -

A bunch of bots all predictably doing the same thing with not much liquidity is begging someone to exploit them. So often, we're trading in a very tight range, so it's fairly easy to place a trade that will cause a crossover (if you have enough coins to bet on it!)

Goomboo also points out that this is a trend trading system, and as such may have up to 70% losing trades. It only takes a couple bad losses to wipe out many gains in these systems. (as he also points out, the potential drawdown in such a system when used with leverage can be risky)

The basic problem with this type of simple trend system, IMO, is that you wind up trading counter-trend,   and in doing so, you set yourself up to be on the wrong side of a trade quite often. The is especially true in low liquidity, low volume markets.

I use simple technical analysis - S/R zones and Fibonacci sequences, but not as Goomboo suggests many traders do - "predictive analysis" - As he said, prediction of a market is not truly possible. Identification of potential entries, and entering on confirmation through price action when it actually occurs is more successful in my experience.

as above, I'm having a look at the bot's code to see how hard it might be to add a few indicators, especially volume, and maybe order depth to determine the real spread. Mostly I'm looking for a couple indicators for when it shouldn't take a trade.

And, looking through the Mt.Gox API, the simplest thing to do might be to take 2weiX's suggestion to make the EMA completely configurable, and to use the VWAP rather than the Open price. I don't know how one might go about backtesting it to see what its profitability and W/L ratio might be.

+1

turtlebot crossed with the EMAbot for android, please :-D

You haven't read Goomboo's advice then?

You can change the basic parameters of the bot but I don't think it works too well on very long EMA settings 

A wise man taught me "buy low, sell high" is a fool's game. "Buy high, sell higher" is much less like gambling. 

I might have a go at the bot's code. Probably not super effective if too many people trade the same exact bot - once it gets noticed it becomes really easy for astute players to game.

So far so good and it looks like the bot works     I've made ~8% profit in just over two weeks of first using the bot    Hope it can keep up that kind of performance 

Just following. Thanks.

Same even at high frequency it just held on during the recent rocketing every now and then allmost hitting my targets to sell

It could have, if you messed up with the settings.
My testing bot is running on the default settings and it has been holding BTC since Sunday 1pm GMT