Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 31. (Read 274808 times)
January 01, 2014, 05:09:32 AM
May I please ask what this "Butter Bot" is what its functionality is used for? Thanks!
December 31, 2013, 07:56:06 PM
***************
Happy New Year!!!
***************
On behalf of myself, the developer and the rest of the Butter-Bot team, I would like to thank each and everyone of you for being a part of our community; we love the discussions, suggestions and the occasional argument we have all gotten into on this thread and we hope to have many more in 2014!
Great things are coming next year.
May you all get what you need the coming year and may you strive for what you want
.
Best Wishes,
Pablo.
Happy New Year!!!
***************
On behalf of myself, the developer and the rest of the Butter-Bot team, I would like to thank each and everyone of you for being a part of our community; we love the discussions, suggestions and the occasional argument we have all gotten into on this thread and we hope to have many more in 2014!
Great things are coming next year.
May you all get what you need the coming year and may you strive for what you want
.Best Wishes,
Pablo.
December 31, 2013, 07:52:58 PM
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BTC-E Graph
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I have gotten a lot of emails about this and I would like to let everyone know we are working on our own graphing solution and a release to fix the BTC-E graph issue and end our dependence on BitcoinCharts is forthcoming.
I appreciate everyone's patience with this cosmetic, but annoying issue.
Please let me know if anyone needs anything.
Pablo.
BTC-E Graph
************
I have gotten a lot of emails about this and I would like to let everyone know we are working on our own graphing solution and a release to fix the BTC-E graph issue and end our dependence on BitcoinCharts is forthcoming.
I appreciate everyone's patience with this cosmetic, but annoying issue.
Please let me know if anyone needs anything
.Pablo.
December 31, 2013, 03:34:18 PM
I must have had about 20 or so [bitstamp] Buy order triggered emails yesterday.
There was a few USD in the account
Has it happened to anyone else?
Tho it has stopped sending them once it sold the BTC
Also hooked up to btc-e and just got the normal amount of emails.
There was a few USD in the account
Has it happened to anyone else?
Tho it has stopped sending them once it sold the BTC
Also hooked up to btc-e and just got the normal amount of emails.
HiPBigMoon
,This has to do with how the BTC-E and Bitstamp API's work, please add a few more funds, a good 25 USD should be enough to avoid this issue.
Please let me know how I can continue to help
.Pablo.
December 31, 2013, 01:53:11 PM
does bot profiting good lately anyone can recommend me this bot?
December 31, 2013, 04:03:15 AM
I must have had about 20 or so [bitstamp] Buy order triggered emails yesterday.
There was a few USD in the account
Has it happened to anyone else?
Tho it has stopped sending them once it sold the BTC
Also hooked up to btc-e and just got the normal amount of emails.
There was a few USD in the account
Has it happened to anyone else?
Tho it has stopped sending them once it sold the BTC
Also hooked up to btc-e and just got the normal amount of emails.
December 29, 2013, 08:18:59 PM
Thanks to both of you for the info, wasn't sure if I had done something wrong.
December 29, 2013, 07:32:52 PM
Running the demo of Butter Bot and it seems to wait too long to trade. 20/42 EMA settings, trade frequency is at 30 minutes, Buy 0 and 0.15, Sell 0 and 0.10. 20 crossed over 42 at about 707 but Butter Bot didn't make the purchase until 727.99. By this point BTC is already starting to trend down. Suggestions?
It's been a bad week for trading EMA in general, too much sideways movement and we can't seem to establish any kind of trend. Unfortunately these things happen with EMA bots, but once we get some more volatility in the market, we should hopefully cover the losses from the past few days.
December 29, 2013, 07:24:18 PM
Running the demo of Butter Bot and it seems to wait too long to trade. 20/42 EMA settings, trade frequency is at 30 minutes, Buy 0 and 0.15, Sell 0 and 0.10. 20 crossed over 42 at about 707 but Butter Bot didn't make the purchase until 727.99. By this point BTC is already starting to trend down. Suggestions?
It's been a bad week for trading EMA in general, too much sideways movement and we can't seem to establish any kind of trend. Unfortunately these things happen with EMA bots, but once we get some more volatility in the market, we should hopefully cover the losses from the past few days.
December 29, 2013, 06:49:05 PM
Running the demo of Butter Bot and it seems to wait too long to trade. 20/42 EMA settings, trade frequency is at 30 minutes, Buy 0 and 0.15, Sell 0 and 0.10. 20 crossed over 42 at about 707 but Butter Bot didn't make the purchase until 727.99. By this point BTC is already starting to trend down. Suggestions?
December 29, 2013, 06:23:21 PM
Thanks
December 29, 2013, 06:22:23 PM
Pablo,
I wish the devs could do something about the bot's tendency to sell low & buy back in higher than it sold. I'm losing $60 here & $100 there & it adds up such thaat the monthly deposits I make to try to increase the amount of money the bot has to work with are doing nothing more than making up for these small bad trades.
I understand it's necessary to let the bot do its thing. But it really gets me down.
I'd love to see it reduced somehow.
Thanks,
NginUS
I wish the devs could do something about the bot's tendency to sell low & buy back in higher than it sold. I'm losing $60 here & $100 there & it adds up such thaat the monthly deposits I make to try to increase the amount of money the bot has to work with are doing nothing more than making up for these small bad trades.
I understand it's necessary to let the bot do its thing. But it really gets me down.
I'd love to see it reduced somehow.
Thanks,
NginUS
Hi Ngin
,Yes, agreed. We should be adding some mitigation for this when we release the revamped trading engine next year; it's a long process but it should have good end results.
Please let me know how I can continue to help.
Pablo.
December 29, 2013, 05:03:58 PM
Pablo,
I wish the devs could do something about the bot's tendency to sell low & buy back in higher than it sold. I'm losing $60 here & $100 there & it adds up such thaat the monthly deposits I make to try to increase the amount of money the bot has to work with are doing nothing more than making up for these small bad trades.
I understand it's necessary to let the bot do its thing. But it really gets me down.
I'd love to see it reduced somehow.
Thanks,
NginUS
I wish the devs could do something about the bot's tendency to sell low & buy back in higher than it sold. I'm losing $60 here & $100 there & it adds up such thaat the monthly deposits I make to try to increase the amount of money the bot has to work with are doing nothing more than making up for these small bad trades.
I understand it's necessary to let the bot do its thing. But it really gets me down.
I'd love to see it reduced somehow.
Thanks,
NginUS
December 29, 2013, 04:21:08 PM
Anyone else having issues with the graphs not being drawn? I get 'Invalid Symbol" when ever i load the plugin.
I see "invalid symbol" only on btc-e; the others are fine
Hi
,This is an issue with our provider BitcoinCharts, we expected it to resolve itself over the last few days but it looks like BTC-E is still working on it. It in no way affects trading and we are looking (in a preliminary phase) at designing our own graphing solution to avlid these sorts of issues in the future.
Please accept my apologies for the inconvenience.
Please do not hesitate to check in on me in the meantime, I am here to help.
Pablo.
December 29, 2013, 04:19:29 PM
I don't like the buy and sell thresholds. I guess because they don't make any sense. Why do you need a threshold and what is that really helping you do? If I just want to trade EMA lines crossing why can't I do that? I tried inputting those negative numbers and tried it on the back testing and I can't really see it performing like it should. My bot sold at $603 today at 1Hr intervals default settings. But if it would of sold as soon as it went negative it would of sold at $629. I guess I'm just dissapointed in this bot. It seems to make a lot of bad trades. Does anyone have good setting for this bot that give any better results? I wish I knew programming. It seems like you know what the bot should do but it just does whatever it wants and makes pretty bad moves. I thought I would give it another shot but its killing me.
I could be wrong here, but this is what I think is the problem. Even though the bot requires it be always connected, it doesn't take advantage of that itself. It doesn't monitor the market moves, it only checks them on the schedule you set. So if you have it set for a 1 Hour EMA, it is only checking in once an hour, even though the 1 Hour EMA actually crossed over 45 mins ago, the bot is only now checking and making the needed trade.That is correct. It only checks on the interval that you specify; that is what it is designed to do.
You don't want it checking all the time, or it would be trading all the time. It costs a fee each time you make a trade. And often, the ema's will cross over several times in a short period of "sideways" movement. If you trade on all of them, you end up just giving all your money to the exchanges.
What this bot works well at, is longer intervals. You want to trade less often, but make a bigger profit when you do trade. It is a long-term trading bot, not a day trading bot.
EMA detects trends. Upwards trends and downward trends. And it only knows the trend is over AFTER the trend is over. It will never identify the highest or lowest values while it is at that value. It will only do it after that value has passed. Obviously, there is no way to tell if you are at the highest or lowest point. Will the price keep going up? Will the price start dropping? No one can tell you.
So, you set your bot for EMA's 10 and 21 (or whatever you want), set your interval for 1 hour (or higher), and watch it make a few trades per month. You want to grab the few BIG trends. Not the hundreds of smaller ups and down that just eat away at your profit.
Please, everyone, go read Goomboo's thread. It is difficult at first if you are not used to market terms and theories (I was not), but it is definitely worth it if you want to try to use this bot.
Let me give two examples, and please, anyone jump in an tell me where I got it wrong.
Example #1
Using Butter-Bot on BitStamp, 1Hour, 10/21, with no time offset (so it is checking at the top of the hour).
This example checks at the top of the hour, and does the calculations, if there has been a crossover, then it makes the needed trades.
Example #2
Watching BitWisdom on Bitstamp, 1Hour, 10/21, with live feed (so it is checking constantly).
This example uses the same settings as Example #1, but it just checks a whole lot more often, so it is much more accurate at spotting the actual crossover, when it happens. So you aren't missing it by 1-59 mins late.
Why does the frequency of data point updates have to be the same as the (2h, 1h, 30m, 15m) EMA time setting?
This is a valid point and a basic feature to have.
Hi
,Yes, it also strikes me as an interesting feature, I have forwarded this to the developer for his input.
Pablo.
December 29, 2013, 02:50:46 PM
I don't like the buy and sell thresholds. I guess because they don't make any sense. Why do you need a threshold and what is that really helping you do? If I just want to trade EMA lines crossing why can't I do that? I tried inputting those negative numbers and tried it on the back testing and I can't really see it performing like it should. My bot sold at $603 today at 1Hr intervals default settings. But if it would of sold as soon as it went negative it would of sold at $629. I guess I'm just dissapointed in this bot. It seems to make a lot of bad trades. Does anyone have good setting for this bot that give any better results? I wish I knew programming. It seems like you know what the bot should do but it just does whatever it wants and makes pretty bad moves. I thought I would give it another shot but its killing me.
I could be wrong here, but this is what I think is the problem. Even though the bot requires it be always connected, it doesn't take advantage of that itself. It doesn't monitor the market moves, it only checks them on the schedule you set. So if you have it set for a 1 Hour EMA, it is only checking in once an hour, even though the 1 Hour EMA actually crossed over 45 mins ago, the bot is only now checking and making the needed trade.That is correct. It only checks on the interval that you specify; that is what it is designed to do.
You don't want it checking all the time, or it would be trading all the time. It costs a fee each time you make a trade. And often, the ema's will cross over several times in a short period of "sideways" movement. If you trade on all of them, you end up just giving all your money to the exchanges.
What this bot works well at, is longer intervals. You want to trade less often, but make a bigger profit when you do trade. It is a long-term trading bot, not a day trading bot.
EMA detects trends. Upwards trends and downward trends. And it only knows the trend is over AFTER the trend is over. It will never identify the highest or lowest values while it is at that value. It will only do it after that value has passed. Obviously, there is no way to tell if you are at the highest or lowest point. Will the price keep going up? Will the price start dropping? No one can tell you.
So, you set your bot for EMA's 10 and 21 (or whatever you want), set your interval for 1 hour (or higher), and watch it make a few trades per month. You want to grab the few BIG trends. Not the hundreds of smaller ups and down that just eat away at your profit.
Please, everyone, go read Goomboo's thread. It is difficult at first if you are not used to market terms and theories (I was not), but it is definitely worth it if you want to try to use this bot.
Let me give two examples, and please, anyone jump in an tell me where I got it wrong.
Example #1
Using Butter-Bot on BitStamp, 1Hour, 10/21, with no time offset (so it is checking at the top of the hour).
This example checks at the top of the hour, and does the calculations, if there has been a crossover, then it makes the needed trades.
Example #2
Watching BitWisdom on Bitstamp, 1Hour, 10/21, with live feed (so it is checking constantly).
This example uses the same settings as Example #1, but it just checks a whole lot more often, so it is much more accurate at spotting the actual crossover, when it happens. So you aren't missing it by 1-59 mins late.
Why does the frequency of data point updates have to be the same as the (2h, 1h, 30m, 15m) EMA time setting?
This is a valid point and a basic feature to have.
December 29, 2013, 03:38:42 AM
Anyone else having issues with the graphs not being drawn? I get 'Invalid Symbol" when ever i load the plugin.
I see "invalid symbol" only on btc-e; the others are fine
December 29, 2013, 03:09:52 AM
Anyone else having issues with the graphs not being drawn? I get 'Invalid Symbol" when ever i load the plugin.
December 28, 2013, 03:08:10 PM
In the last 25 hours +- my bot sold at 698, bought in back at 727 and now it sold 705. The complete opposite would be expected.
I am using a one hour interval and did restart the computer yesterday and today once each day.
I may be completely wrong but I feel if I use one of those basic EMA bots available online I may get a better outcome in the short-term (3 months). I was doing a short term back engine and saw that the possibility and margins of return are much higher if one holds the coins, comes looks once a day and trade or hold depending on last 24 hours performance compared to Butterbot.
My bot seems to act from flipping a coin. I saw no correlation with data from bitcoinwisdom.
/rant
PS: no harm or aggressiveness intended towards anyone.
December 27, 2013, 02:27:11 AM
Thank you for inspiring me to tinker with the bot. I found some settings that get a max profit of over 21,000% now. A new record for me.
you could do worse than test your settings over at cryptotrder.org. they have a simple EMA bot and you can test your settings between two specific dates. test in a time frame that doesnt include one of last years huge spikes to get a more accurate idea of how your settings will perform.
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