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Topic: Chrome Browser extension: MtGox trading bot - page 5. (Read 72509 times)

newbie
Activity: 40
Merit: 0
Would adding a setting in for the fee help at all? Such that it will only sell if it covers the fee? That way it wouldn't sell at a loss. Of course this only works if the price is rising. This might mess with the EMA portion of the bot, but I'm not completely sure if this would help at all. But I am loving the bot! Great work on it and thanks!

This has been proposed by many. But it's a risky strategy imo (based on the highly emotional assumption that the price WILL go up, and every down-trend is just very temporary). It may put you in a very bad position, and all it really does it that it "hides" your loss and make it worse. It will also cripple the EMA-strategy (the strategy is symmetric and should not prefer "buying" over "selling").

But maybe something will show up in the "experimental section" in the future Smiley
The bot can fetch the fee from the user info from MtGox, and the latest trades could also be fetched, so it's possible to use the last paid price in the strategy. But be warned: Your last paid price really has nothing to to with where the price will go from here! Smiley


Just a quick note on your bot, not sure if this is intentional or not, but whether you check or uncheck "disabled on start," when you close out of the browser and boot it up the bot is always disabled. Basically it's always disabled on start whether you check or uncheck that box.
full member
Activity: 224
Merit: 100
I'm really hoping that, someday, bots like this which are easy to use would get an option to work with some exchange OTHER than MtGox.  Sad

Like CampBX for example.  Smiley
member
Activity: 85
Merit: 10
The "Crazy Ivan" bot strategy is used in some FOREX bots, namely Fapturbo.

"Fapturbo" http://www.fapturbo.com/

good lord.... that's looks totally legit bro Wink
full member
Activity: 137
Merit: 100
I was thinking Stay Puft, but Gozer said Grover
The "Crazy Ivan" bot strategy is used in some FOREX bots, namely Fapturbo.
hero member
Activity: 826
Merit: 1000
If you are looking for experimental staff. What about hi frequency trading. When EMA is stable sell at EMA+1$ and buy at EMA-1$ or maybe not EMA but something else.

EDIT: No trigger for this should probably be Bolinger and stable EMA. Since Bolinger gets wider as soon as a price start moving again and EMA 10/21 must be the primery strategy again.

The problem is that the trading fee at MtGox is so high, it's probably hard to make money from some kind of high freq trading. But maybe I'll look into it in the future. As for using Bollinger bands as an indicator, I'm not sure what data is required to calculate them. The bot currently only has access to a limited amount of data (the price of the first trade at each sample point). But maybe that's good for some kind of trending/ranging-indication...

http://www.metastock.com/customer/support/kb/faq.aspx?fc=120

http://en.wikipedia.org/wiki/Bollinger_Bands
newbie
Activity: 42
Merit: 0
Would adding a setting in for the fee help at all? Such that it will only sell if it covers the fee? That way it wouldn't sell at a loss. Of course this only works if the price is rising. This might mess with the EMA portion of the bot, but I'm not completely sure if this would help at all. But I am loving the bot! Great work on it and thanks!

This has been proposed by many. But it's a risky strategy imo (based on the highly emotional assumption that the price WILL go up, and every down-trend is just very temporary). It may put you in a very bad position, and all it really does it that it "hides" your loss and make it worse. It will also cripple the EMA-strategy (the strategy is symmetric and should not prefer "buying" over "selling").

But maybe something will show up in the "experimental section" in the future Smiley
The bot can fetch the fee from the user info from MtGox, and the latest trades could also be fetched, so it's possible to use the last paid price in the strategy. But be warned: Your last paid price really has nothing to to with where the price will go from here! Smiley
newbie
Activity: 42
Merit: 0
If you are looking for experimental staff. What about hi frequency trading. When EMA is stable sell at EMA+1$ and buy at EMA-1$ or maybe not EMA but something else.

EDIT: No trigger for this should probably be Bolinger and stable EMA. Since Bolinger gets wider as soon as a price start moving again and EMA 10/21 must be the primery strategy again.

The problem is that the trading fee at MtGox is so high, it's probably hard to make money from some kind of high freq trading. But maybe I'll look into it in the future. As for using Bollinger bands as an indicator, I'm not sure what data is required to calculate them. The bot currently only has access to a limited amount of data (the price of the first trade at each sample point). But maybe that's good for some kind of trending/ranging-indication...
hero member
Activity: 826
Merit: 1000
Tobbelino, I think the "Crazy Ivan" reference to Red October is hilarious!  Thanks for including that off-the-wall strategy as another thing to play with.  Now that I've read through this forum and GoomBoo's Journal, I'll start testing out your bot next week.
It is not only Red October. It is real submarine phrase. And it is call that way because Soviet navy mostly did them.

But if we are using submarine names my suggestion could be called Angles and Dangles...
sr. member
Activity: 287
Merit: 250
So I put in the API and the secret, set up the numbers.  If I just wait, it'll automatically set up a trade when the market reaches the specified conditions?  Noob question I know, but I just want to make sure I understand how this thing works.

On the options panel / page there are settings for the thresholds. When you click the add-on button in Chrome you should see a table, the last column are the thresholds. Whenever the threshold of the most recent tick (so the top right box) is below the sell threshold the bot will sell all your BTC, when its above the buy threshold it will buy BTC.

^ that is the basic story, minor variances depend on which version you got, how many thresholds need to pass (in config), etc.
newbie
Activity: 15
Merit: 0
So I put in the API and the secret, set up the numbers.  If I just wait, it'll automatically set up a trade when the market reaches the specified conditions?  Noob question I know, but I just want to make sure I understand how this thing works.
newbie
Activity: 25
Merit: 0
Tobbelino, I think the "Crazy Ivan" reference to Red October is hilarious!  Thanks for including that off-the-wall strategy as another thing to play with.  Now that I've read through this forum and GoomBoo's Journal, I'll start testing out your bot next week.
newbie
Activity: 11
Merit: 0
Would adding a setting in for the fee help at all? Such that it will only sell if it covers the fee? That way it wouldn't sell at a loss. Of course this only works if the price is rising. This might mess with the EMA portion of the bot, but I'm not completely sure if this would help at all. But I am loving the bot! Great work on it and thanks!
hero member
Activity: 826
Merit: 1000
If you are looking for experimental staff. What about hi frequency trading. When EMA is stable sell at EMA+1$ and buy at EMA-1$ or maybe not EMA but something else.

EDIT: No trigger for this should probably be Bolinger and stable EMA. Since Bolinger gets wider as soon as a price start moving again and EMA 10/21 must be the primery strategy again.
hero member
Activity: 826
Merit: 1000
- Experimental feature: "The Crazy Ivan" - reverse the EMA-logic: The bot will sell when it's supposed to buy, and buy when it's supposed to sell!
I don't get it? Why? Can you elaborate? Thanks

Well, it's highly experimental and added mostly for fun (to put something in the new experimental section - I plan to add some more rules and settings there later that diverts from the original EMA-bot strategy).

From the description on the options-page:
"When the EMA-strategy is reversed, the bot will buy when it's supposed to sell, and sell when it should buy! Smiley There are absolutely NO theories supporting this strategy, however, when the market is ranging and you feel that the bot is always 180 degrees out of phase with the swings, it might work. Maybe..."

Thanks and thanks for the bot.
newbie
Activity: 42
Merit: 0
- Experimental feature: "The Crazy Ivan" - reverse the EMA-logic: The bot will sell when it's supposed to buy, and buy when it's supposed to sell!
I don't get it? Why? Can you elaborate? Thanks

Well, it's highly experimental and added mostly for fun (to put something in the new experimental section - I plan to add some more rules and settings there later that diverts from the original EMA-bot strategy).

From the description on the options-page:
"When the EMA-strategy is reversed, the bot will buy when it's supposed to sell, and sell when it should buy! Smiley There are absolutely NO theories supporting this strategy, however, when the market is ranging and you feel that the bot is always 180 degrees out of phase with the swings, it might work. Maybe..."
newbie
Activity: 12
Merit: 0
Check out new version v0.2.2.0!

News/fixes:
- Indicator arrows in graph
- Thinner price line
- Zoomable chart
- Added link to external charts (at bitcoincharts.com)
- Experimental section added
- Experimental feature: Only trade after trend switch (if starting the bot between trend switches, wait until next swicth)
- Experimental feature: "The Crazy Ivan" - reverse the EMA-logic: The bot will sell when it's supposed to buy, and buy when it's supposed to sell!
- Lowered retry-rate when failed to fetch user info (retry after 1 minute instead of 10 seconds) to avoid hammering MtGox
- More robust handling of network problems (updates could stop after a network loss) - bot should now update and resume within a minute
- Better handling when computer resumes from sleep (updates could stop after sleep) - bot should now update and resume within a minute

Download at:
https://github.com/TobbeLino/GoxTradingBotTobli

Your work is VERY much appreciated. Wish you the best!
hero member
Activity: 826
Merit: 1000
- Experimental feature: "The Crazy Ivan" - reverse the EMA-logic: The bot will sell when it's supposed to buy, and buy when it's supposed to sell!
I don't get it? Why? Can you elaborate? Thanks
newbie
Activity: 42
Merit: 0
Check out new version v0.2.2.0!

News/fixes:
- Indicator arrows in graph
- Thinner price line
- Zoomable chart
- Added link to external charts (at bitcoincharts.com)
- Experimental section added
- Experimental feature: Only trade after trend switch (if starting the bot between trend switches, wait until next swicth)
- Experimental feature: "The Crazy Ivan" - reverse the EMA-logic: The bot will sell when it's supposed to buy, and buy when it's supposed to sell!
- Lowered retry-rate when failed to fetch user info (retry after 1 minute instead of 10 seconds) to avoid hammering MtGox
- More robust handling of network problems (updates could stop after a network loss) - bot should now update and resume within a minute
- Better handling when computer resumes from sleep (updates could stop after sleep) - bot should now update and resume within a minute

Download at:
https://github.com/TobbeLino/GoxTradingBotTobli
newbie
Activity: 42
Merit: 0
How long does it take for the plugin to access the account via the API key & Secret?
I added the two keys in the settings, but it still says:

Problem accessing MtGox account.
Go check the Options page.

Well, it *should* work as soon as a proper API key and secret has been entered.
But there are some connectivity problems at MtGox from time to time, and the bot currently doesn't handle them very good. I'll try to see if it can be fixed...
newbie
Activity: 42
Merit: 0
Thanks a bunch for the bot, im only for the last few days fooling around with it. The BTC market hasnt been doing shiz for the last few days, so I havent gotten anymore than one trade through the bot. I HAVE noticed two times my bot has disabled itself within the last few days, I was wondering if this was a known issue..?

Thanks again for the bot! Cheesy

edit>> This is in relation to TobbeLino's version!

There are a few problems with connectivity. Some are due to MtGox access problem, but the bot itself currently also has some problems reconnecting on network disruptions, and can stop updating...

I'll try to release a new version that fixes this and makes it more robust against MtGox access problems.
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