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Making Your Butter-Bot React More Quickly to the Market:
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There has been a lot of email traffic on this is issue lately so let me give you guys a pro tip.
Aside from the obvious "lower your thresholds" you can effectively annul threshold 1 by entering a low negative value (like -50) meaning that that threshold will alway be met by the inverse trend so when the trend switches you only have to cross one threshold instead of two to trigger a trade.
This is not the same as having your threshold set to 0 because with 0 butter will still wait for a positive signal to trigger threshold one, albeit it a very low movement.
There are two thresholds to avoid having Butter trade on market noise, but the one threshold model is also valid and what Gomboo uses so feel free to experiment :=).
I am here if anyone needs anything.
Pablo.
Pablo,
Thank you for taking the time to address this. Can you give us as example of what settings to use to get to trade immediately after the cross over..
I have mine set to a 15 minute duration and a 10/21 with the recommend thresholds to try to get it to react quicker and at a lower/higher part of the curve, but with these smaller dips like the ones over the last few days it has been losing me money. I went from having .43 btc to .40 btc (not to mention starting at .52 btc before figuring out how to properly tweak the bot, when I first got the bot it started some bad trades out the door which I guess I should of realized it would have to buy/sell when it started up so my timing was bad.
It seems the bot really only pays off if it were to sell at say 700 and then the market crashes to 400 or something and rebounds back to 700.. These small trends from say 575 to 650 down to 590 and back 640 and repeat are not where the bot shines and can quickly lose money if a larger longer trend does not occur..
For example it went down to 615 and started to trend back and even at 15mins it moved to 633 by the time it initiated and bought at 636.. not the market went back down the 630.. On top of that is only sold at 621..
There is no way to really tell the difference between market noise and when a big trend will occur that would net your profit. By setting it to the default 20/42 even though less trades occur I still see similar problems with the recent noise when you plug the numbers into BitWisdom's EMA tool.
But I guess that is what Gomboo was saying.. after a few bad hits an undisciplined trader would walk away where if you stay when there is the larger trend you can make unrealized profit..
,
