I just want to make a comment in regards to everyone who says that EMA does not work anymore:
EMA does work... when the market is in an uptrend. It's really quite simple. When the market tops out and turns downward, you should consider turning off the bot until it bottoms and turns upward again. When a market is in an upward trend, EMA picks up the majority of the moves and exits when the market turns downward. It is very effective in uptrends. When markets are in downtrends, EMA initiates buy orders on the brief corrections (crossovers), but then exits when the market continues the downward trend. That's why EMA has losing trades in downtrends. To find the present general trend, use a 12 Hour or 1 Day chart to see if the market is truly in an uptrend, downtrend, or sideways consolidation phase. With the right settings, this bot can make 3500% or more per year on Bitstamp or BTC-e. That performance is actually leaving the bot on for the past year and not turning it off during the 2 major downtrends that took place. If you had shut off the bot during those downtrends, the bot would have made 5500% in a year. Of course, you need to use the correct settings to get that kind of performance.
Since December 5th, the market has been in a downtrend and at times sideways consolidation. This is a common historic pattern for BTC. We rally to all time highs, crash/panic sell to half the value or more, then move downward/sideways for 2-4 months before the next big rally. EMA is perfect when we are in a rally/uptrend. Just be patient and make sure that the trend is truly moving upwards.
For instance, it looks like we could be entering into an uptrend right now. If the price extends above 700 and holds, we should see a nice uptrend through the middle to end of April. I used to trade forex professionally for 10+ years and have been trading BTC for the one year so far.
Butterbot is the best BTC trading bot I have found and you won't find a product with better customer support. Pablo is the best and he is always working to improve his product.
I want to take a moment and thank you for your post. It's very useful and valuable, and it seems to me there are far too many people on this forum who don't appreciate valuable contributors such as yourself.
I'm placing my order for Butter Bot in the morning. Now if I can just figure out the correct settings to get that good performance.