Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 28. (Read 274808 times)

hey guys,

i am trying out the demo version and had a question regarding the logic involved. I set it up with about half a bitcoin on btc-e on the 6th. Yesterday it a created a sell order at $911 but since then has not put in any type of buy order and I am trying to understand why.

My butter bot is configured as follows:

Trade Frequency 30mins

Short EMA: 20
Long EMA: 42

Tick offset: 2

Buy Threshold 1: 0%
Sell Threshold 1: 0%

Buy Threshold 2: 0.15%
Sell Threshold 2: 0.1%

No trailing stop loss

Is there anything I am doing wrong, I am really trying not to manually buy back in but I am concerned I am doing something or maybe its just the lack of understanding thats concerning me.

the demo is a full version

When trying out he demo is it working 100% or does the test version
has any restrictions?

looks like butter bot is the best bot around

Well, the btc crash from almost a thousand  finally paid for the bot.Sold at 950 and bought at 720.My first bit win.  Lately its been a lot of sideways movement that has cost me money ( I blame myself and tried to sell and buy between the bot ticks..) but lose a little to gain a lot...

If people can share screen shots of the best setting that is working for them successfully, that would be great also.

Oh, Great!

I solved the problem, I created another API key and now it is working

Joehal,

I would email Pablo.

His email address is in the signature of one of his forum posts under the handle Fible1.

Best of luck.

I installed it normally from their website.
Is this an error associated with this version or is it something everyone sees ? temporarily, I mean a problem from gox.

- BTC-E is now connected all the time, no more problems with btc-e. Only the gox is still disconnected.

I think that's a good idea. Pablo should bring that to the developers. I think they could make a video for each exchange so people learn how to setup their API Key permissions.

Can some create and youtube video on how to setup butterbot since people are paying money to use it  ?...its so confusing for a newbie like me.

How did you obtain the newer version?

50,000% not 50%.

Edit:

The trick to the 50,000% over a year is taking a large enough sample of the market at 1 minute intervals to map out the "noise". (price wise) I used a 2 day sample, so perhaps not the most efficient of results, but 50,000% is not bad.

The first part is running a bit of excel math you can extrapolate the most efficient settings. Just high enough profit but not low enough to eat too many fees. Frequency rather than quality.
The second part is using the two threshold values provided in ButterBot to mitigate the losses incurred.

There are a commulative number of small "noise" oscillations in the market that aggregates a higher profit than the larger oscillations which happen less frequently and which low frequency trading is usually targeting. (Most peoples settings when using butter bot.)

==========================

"Noise" occurs anywhere from 1500~ times a day to 770 times a day. A portion of that is useful while the rest is not.

Large oscillations occur anywhere from 1 to 20 times a day. (Depends on what you consider "large".)
-----------------------------

If butter bot was reprogrammed in a more sophisticated way to account for more than EMA changes, it would probably do much better than it currently does.

Though using multiple strategies and multiple accounts will probably gain you more profit than even that 50,000%. Maybe not.

Does anyone else has this message in butter bot since yesterday ?


Also BTC-E keeps disconnecting, and I noticed if I go to chrome://extensions/  and stop and start again the bot, BTC-E will now show "connected"

I have Butter Bot version 2.5.1

Anyone else has these problems ?

I think the "value" field is given in USD simply because most buyers want to get a real world impression of how they're doing. We all know what $100 is worth, but not necessarily what 1 BTC is worth (since it is so volatile). Still, you can easily do a little math with those results to find how much your bitcoin holdings would have increased.

In periods of strong up trends, such as October and November, I can see how people get the impression that the bot is designed to decrease BTC and increase USD, but that's only because the value is skyrocketing so fast! Once we reverse course, much like today, you get to see first hand exactly how EMA trading works and why it's also great at increasing your bitcoins.

I'm sure it's possible, with enough tweaking, to find a return of 50,000% for one year, but keep in mind, it's always looking back one year from TODAY (ie. Jan 7, 2013 to Jan 7, 2014), so these percentages can changes on a daily basis. What someone found with their backtesting pages ago in this thread will be different today. Lots of random variables can effect the returns you get in your results, so you need to do a lot of testing on your own to find what EMA/thresholds seem to work best for you, rather than simply finding one big number and declaring it the best Good luck.

The Bot is designed as you say, it increases USD value on the way up, and increases BTC holdings on the way down. However, I'd have to say the Bot was designed to increase one over the other, if by no other reason than you can only run tests in based in USD "Value". I would bet that having the ability to change the "Value" from USD to BTC or have them side by side, would lead to different strategies.

I bet the 50,000 number is true, but you have to factor big peaks into any number the backtesting results give you. They don't yet have the ability to set presice dates in between which to backtest, so you can't filter out big swings in price due to uncommon price fluctuations, which sway the profit value significantly.

When you play around with the test simulator and find the highest % you can get do you actually apply
it and get the calculated results?

Does anyone here get the calculated profits from the butterbot?

The 50.000 is actually true or is it just some trolling?

I wasn't aware of anything getting 12750.39%, starter settings were around 9000% if I remember correctly.

Some people may have gotten 50,000% but I think that's unrealistic it's so rare. The best I've been able to come up with is just over 22,000%.