Then again: it's your business, so you decide on the price and the customers decide on the resulting demand.
Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 16. (Read 274757 times)
February 20, 2014, 03:24:31 AM
Then again: it's your business, so you decide on the price and the customers decide on the resulting demand.
February 19, 2014, 07:18:15 PM
I have to say I'm not overly happy about that either... A short while after I start using the bot, EMA becomes much less viable, and I have to repurchase to get different strategies...
Since we're paying renewal fees anyway, I think we should be able to renew at the same price without paying another initial bot fee. Otherwise I'm not sure the recurring fees, on top of the initial purchase fee, are really justified.
Since we're paying renewal fees anyway, I think we should be able to renew at the same price without paying another initial bot fee. Otherwise I'm not sure the recurring fees, on top of the initial purchase fee, are really justified.
February 19, 2014, 07:03:13 PM
Well I jumped onto this bot because of the new features and trading strategies coming up and now to hear I have to purchase again definitely sours my experience.. Will I be able to quit using one bot to use the other for the remainder of my subscription then?
February 19, 2014, 06:42:59 PM
is it possible to reverse the normal buy/sell pattern in the bot? I've just noticed that if it were to buy when the signals would normally be to "sell" and then sell on a normal buy signal it would normally make money! This is utterly counter intuitive but it certainly appears to be the case.
So this is (despite appearances) a serious question!
Thanks
Miles
So this is (despite appearances) a serious question!
Thanks
Miles
February 18, 2014, 07:05:57 PM
Hi CC ,
Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point.
Pablo.
,Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point.
Pablo.
Okay, understood - anyway: could I interrupt my subscription for the current bot for a while without having to repurchase it "from scratch" if market conditions improve to maybe make EMA feasible again?
Hi CC
,Sure, no problem.
Pablo.
February 18, 2014, 06:54:37 PM
Hi CC ,
Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point.
Pablo.
,Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point.
Pablo.
Okay, understood - anyway: could I interrupt my subscription for the current bot for a while without having to repurchase it "from scratch" if market conditions improve to maybe make EMA feasible again?
February 18, 2014, 02:26:21 PM
I've turned the bot off at the moment - still stuck at Gox and I'm not going to let useless lossy trades ruin the profit I'll make as soon as withdrawals work again and the price instantly doubles (at least when I move to Bitstamp they will for me).
Also, I'm starting to not believe in this EMA business at all anymore since by now I'm down more than 50%, so here's a question: if I chose to not renew my license until the update with more indicators and strategies is available, would that still allow me to pay only renewal fees or would I need to repurchase the bot?
Also, I'm starting to not believe in this EMA business at all anymore since by now I'm down more than 50%, so here's a question: if I chose to not renew my license until the update with more indicators and strategies is available, would that still allow me to pay only renewal fees or would I need to repurchase the bot?
Hi CC
,Alt strategies and indicators are part of a new bot not an upgrade. We we aren't sure how or if a discount plan will be implemented for existing license holders for the new bot, so it's hard to answer your question. I'm pretty sure there will be a discounted upgrade plan but I'm not exactly sure how it will work at this point.
Pablo.
February 18, 2014, 02:04:15 PM
I've turned the bot off at the moment - still stuck at Gox and I'm not going to let useless lossy trades ruin the profit I'll make as soon as withdrawals work again and the price instantly doubles (at least when I move to Bitstamp they will for me).
Also, I'm starting to not believe in this EMA business at all anymore since by now I'm down more than 50%, so here's a question: if I chose to not renew my license until the update with more indicators and strategies is available, would that still allow me to pay only renewal fees or would I need to repurchase the bot?
Also, I'm starting to not believe in this EMA business at all anymore since by now I'm down more than 50%, so here's a question: if I chose to not renew my license until the update with more indicators and strategies is available, would that still allow me to pay only renewal fees or would I need to repurchase the bot?
February 17, 2014, 04:34:45 PM
Friends,
I know a couple of you are using VPS's to run your Butter-Bots.. Can anyone share their experience, let us know which the best ones out there are and what issues, if any, they faced during installation?
Thank you,
Pablo.
Works fine on VMWare (ESXi 5.1). I know a couple of you are using VPS's to run your Butter-Bots.. Can anyone share their experience, let us know which the best ones out there are and what issues, if any, they faced during installation?
Thank you,
Pablo.
February 17, 2014, 09:42:20 AM
Updated Starter Settings:
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
Is it the same thing for btc-e?
What do you recommend for the tick ?
Hey
,Yes, these are starter settings for all exchanges in the current downtrend. They are designed to be more resistant to swings and require a clearer pattern to initiate a trade.
About tick offset, we don't have a recommended value because that would defeat the point, just use something other than 0 and you should be good
.I am here if you need any help.
Pablo.
It would be nice to see those recommended settings for the current market trend in the Butter-Bot options somewhere. For example, in the Engine menu. It would be even better to have a button there or something like that. So by clicking on it, we could instantly use them
... and have some notification in the browser like "new recommended settings are available for your Butter-Bot" 
You could even automate the process of using the recommended settings somehow... like checking the box "Always use recommended" in the menu! That would be Great! 
February 16, 2014, 03:42:11 PM
Friends,
I know a couple of you are using VPS's to run your Butter-Bots.. Can anyone share their experience, let us know which the best ones out there are and what issues, if any, they faced during installation?
Thank you,
Pablo.
I know a couple of you are using VPS's to run your Butter-Bots.. Can anyone share their experience, let us know which the best ones out there are and what issues, if any, they faced during installation?
Thank you,
Pablo.
February 16, 2014, 02:02:28 PM
I'd also like to see more information included in the email alerts.
ie. Balances after a buy or sell is made, & profit history of recent transactions.
ie. Balances after a buy or sell is made, & profit history of recent transactions.
February 15, 2014, 07:02:08 PM
Great suggestions so far, please keep them coming :=).
- MACD
- StockRSI
- KDJ
- Possibility to add more parameters to EMA, i.e. 4: EMA (2,5,15,30)
As far as I am aware MACD is in.
I haven't been updated about your other suggestions but we will include as many indicators as possible
.Pablo.
February 15, 2014, 06:55:47 PM
Great suggestions so far, please keep them coming :=).
- MACD
- StockRSI
- KDJ
- Possibility to add more parameters to EMA, i.e. 4: EMA (2,5,15,30)
February 15, 2014, 12:00:12 PM
looking at the 1h graph which was generated by your new settings suggestions I noticed a possible trading strategy - looking at the places where the EMA chart changes direction. I've just grabbed a screen shot to show what I mean.
Looking at the points where it clearly goes up or down is fairly clear to the eye (red arrows) however to avoid false calls (the yellow arrows) we'd need a threshold of some sort - either that the change has to to be by X or that the change has to hold for 1 or maybe 2 cycles (or maybe a fraction of a cycle)? By cycle I mean the period of observation - in this case 1 hour. I would think that most people would not want to wait 2 hours after the market has moved to make a trade so maybe when an inflection point is reached the system check every 0.5 hours for a significant change?
Now I know that this is a blindingly simple method and therefore must have been thought of (and probably disproved) by minds far more experienced and better than mine so I'm all ears...
Looking at the points where it clearly goes up or down is fairly clear to the eye (red arrows) however to avoid false calls (the yellow arrows) we'd need a threshold of some sort - either that the change has to to be by X or that the change has to hold for 1 or maybe 2 cycles (or maybe a fraction of a cycle)? By cycle I mean the period of observation - in this case 1 hour. I would think that most people would not want to wait 2 hours after the market has moved to make a trade so maybe when an inflection point is reached the system check every 0.5 hours for a significant change?
Now I know that this is a blindingly simple method and therefore must have been thought of (and probably disproved) by minds far more experienced and better than mine so I'm all ears...
Hey, I like it - I've been thinking if one might be able to use curve sketching on the price or the average price to identify inflection points.. but I don't really know how one would take the derivative of a changing curve in real time ^^.
February 14, 2014, 02:25:15 PM
Good general synopsis. However, I don't advise random EMAs. Heat-mapping is a useful technique.
I saw heat maps earlier and they confirmed my feeling that there was no way to iterate to a better set of variables - how do I produce them?
Thanks
Miles
Maybe this could be a feature which you could offer? The ability to heat maps around variables. Obviously you'd only be able to one set of variables at a time so
* heat map the short/long having chosen a set of buy/sell thresholds
* heat map buy (or sell) thresholds having chosen the short/long (though a simplification could be to assume that the buy and sell would have the same values leaving us to experiment with any variations between them on back testing)
* heat map tick offset (this would be a linear representation) having chosen the remaining items
These heat maps would be available for either 1 week / 1 month /2 month possibly displayed at the same time or selectable OR for the user selected timeframe. Similarly I don't see the value in heat mapping the time interval as we can play with setting that before running the heat map.
Given you've already got the data and back testing functionality this would be a logical thing to be offering (and for a beginner it would be a brilliant tool and value add). It would be nice to be able to dispose of the reams of paper covered by scribbles of values and results which is my current "method" of trying to find a value set that works
Regards
Miles
Miles,
Strikes me as quite an interesting idea; I will see what we can do about this in detail.
Pablo.
February 14, 2014, 02:24:10 PM
Updated Starter Settings:
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
Is it the same thing for btc-e?
What do you recommend for the tick ?
Hey
,Yes, these are starter settings for all exchanges in the current downtrend. They are designed to be more resistant to swings and require a clearer pattern to initiate a trade.
About tick offset, we don't have a recommended value because that would defeat the point, just use something other than 0 and you should be good
.I am here if you need any help.
Pablo.
February 14, 2014, 02:00:24 PM
looking at the 1h graph which was generated by your new settings suggestions I noticed a possible trading strategy - looking at the places where the EMA chart changes direction. I've just grabbed a screen shot to show what I mean.
Looking at the points where it clearly goes up or down is fairly clear to the eye (red arrows) however to avoid false calls (the yellow arrows) we'd need a threshold of some sort - either that the change has to to be by X or that the change has to hold for 1 or maybe 2 cycles (or maybe a fraction of a cycle)? By cycle I mean the period of observation - in this case 1 hour. I would think that most people would not want to wait 2 hours after the market has moved to make a trade so maybe when an inflection point is reached the system check every 0.5 hours for a significant change?
Now I know that this is a blindingly simple method and therefore must have been thought of (and probably disproved) by minds far more experienced and better than mine so I'm all ears...
Looking at the points where it clearly goes up or down is fairly clear to the eye (red arrows) however to avoid false calls (the yellow arrows) we'd need a threshold of some sort - either that the change has to to be by X or that the change has to hold for 1 or maybe 2 cycles (or maybe a fraction of a cycle)? By cycle I mean the period of observation - in this case 1 hour. I would think that most people would not want to wait 2 hours after the market has moved to make a trade so maybe when an inflection point is reached the system check every 0.5 hours for a significant change?
Now I know that this is a blindingly simple method and therefore must have been thought of (and probably disproved) by minds far more experienced and better than mine so I'm all ears...
Hey, I like it - I've been thinking if one might be able to use curve sketching on the price or the average price to identify inflection points.. but I don't really know how one would take the derivative of a changing curve in real time ^^.
February 14, 2014, 12:42:24 PM
Updated Starter Settings:
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
We are issuing the following updated "starter" settings for the current market:
We recommend the following starter settings:
Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.
Please also make sure to set a tick offset.
Let me know if anyone has any questions.
Pablo.
Is it the same thing for btc-e?
What do you recommend for the tick ?
February 14, 2014, 11:19:28 AM
looking at the 1h graph which was generated by your new settings suggestions I noticed a possible trading strategy - looking at the places where the EMA chart changes direction. I've just grabbed a screen shot to show what I mean.
Looking at the points where it clearly goes up or down is fairly clear to the eye (red arrows) however to avoid false calls (the yellow arrows) we'd need a threshold of some sort - either that the change has to to be by X or that the change has to hold for 1 or maybe 2 cycles (or maybe a fraction of a cycle)? By cycle I mean the period of observation - in this case 1 hour. I would think that most people would not want to wait 2 hours after the market has moved to make a trade so maybe when an inflection point is reached the system check every 0.5 hours for a significant change?
Now I know that this is a blindingly simple method and therefore must have been thought of (and probably disproved) by minds far more experienced and better than mine so I'm all ears...
Looking at the points where it clearly goes up or down is fairly clear to the eye (red arrows) however to avoid false calls (the yellow arrows) we'd need a threshold of some sort - either that the change has to to be by X or that the change has to hold for 1 or maybe 2 cycles (or maybe a fraction of a cycle)? By cycle I mean the period of observation - in this case 1 hour. I would think that most people would not want to wait 2 hours after the market has moved to make a trade so maybe when an inflection point is reached the system check every 0.5 hours for a significant change?
Now I know that this is a blindingly simple method and therefore must have been thought of (and probably disproved) by minds far more experienced and better than mine so I'm all ears...
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