Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 38. (Read 274808 times)

Hey Guys ,
   The chart problem is actually a cosmetic issue with our graph provider BitcoinCharts; we expect it to be resolved within a few days and it in no way affects trading.

Please see here: http://www.bitcoincharts.com/news/

Please do not hesitate to let me know if you guys need anything at all .

Pablo.

Logged into the forum for this very reason; to see if anyone else is seeing this.  Guess it is not just me.

Currently my bot shows "Invalid Symbol" instead of a graph when I click on BTC-e.  Is anyone else having this issue?

If you search you can find lots of settings. I gave NginUS a bunch of my settings to try out, this one looks like a modified one of mine. Glad to see it is helpful.

Bitcoinwisdom.com and some math can be very helpful when figuring this out.

Thanks very much NginUS, while it's one thing for people to comment on what they think the bot does or what they think the market will do over time, it's quite another to share your settings and your ideas for tweaking them, thank you I really appreciate that as it helps my understanding of the changing of settings in the context of the current choppy market and the quite wide range of flexibility that the settings allow.

Really appreciate all your comments, guidance and observations. There's no doubt that it's going to be tricky to get the balance right between taking a longer term view to work with the design parameters of the bot over the longer term and honing the settings to take account of the shorter term volatility in the market. You mention that you are constantly backtesting your settings, this does make sense when you get your settings into a 'sweet spot' where you feel that they are adapted nicely to the current market and are making a certain level of profit. I'm nowhere near that 'sweet spot' yet, so I'll review your remarks and the comments that other folks have kindly made and I'm sure that with some time and application I'll be able to make greater sense of it all and fine tune the settings. I also like the idea of being able to visualise things, so I'll take your advice and use bitcoinwisdom to 'paint the EMA pictures'.

Thanks very much once again, it's greatly appreciated.

Well, I got an email from the Bot saying a sell order had been triggered. Luckily, I had disabled the API key.

My bot runs in a VM that I don't have access to right now, which is why I had to disable the API.

Need a quick reply to this one

My bot sold after the sell off due to the JPM scarmongering. I bought back in manually, do I need to deactivate the bot to stop it selling on its next tick? (Due in 10 minutes).

+1

Very well said!

Here's some things for all of us to remember, relating to the questions being posed. The market is quite wavy right now, lots of volatility on an hourly and daily basis. If you "zoom out" and look at things over the course of weeks, or the past month, you'll see an overall trend of upward growth. This overall trend is what the bot thrives on.

Your EMA and Frequency settings help determine how the bot views the market--on a daily or hourly level with things swinging wildly, or more zoomed-out where there's a smooth curve. This is important. You want the bot to work over time, ideally examine your profit/loss on a montly level--NOT a daily or weekly level.

Trailing stop loss systems can be good, but can also be painful. The bot currently has something which will, when activated, dump all of your coin and convert it to cash. If you wanted something which simply stopped trading, what happens if BTC value suddenly dropped to $100 and remained there for months or years? With a trade-stop feature, you'd own BTC @ $900 while everyone else was buying in at $100.

The fact is it takes time to develop several settings which will work for you, and it'll take patience, but it can work. There will be losses, but the gains should outweigh them.

With such silly volatility, I'm guessing this bot won't be at its best. I was kinda hoping that it wouldn't sell around half an hour ago, but now It seems it might have been an OK decision.

Would I be better off using manual buys in conjunction with BBot's trailing stop?

If so, how can I disable all of the bot's functionality with the exception of trailing stop?

Hi OleOle & Naeir.

I'm relatively new to the bot- I've been using it since I think October. I used to use the 'suggested' settings for BTC-e, until one day the bot sold low & bought high because of them, and then I went looking for new settings, and someome on the forums here suggested that I dial down my EMA numbers. Doing so was the best thing I've ever done, because now in backtesting, depending on the day,  I can sometimes get over 16,000% profit from my new settings.

So I'll share them with you, and will suggest that you slowly tweak the buy/sell threshold numbers, testing them with backtesting every day or so to see how different numbers affect the settings. Go slow with the adjustments. And try tiny negative numbers in place of the zeros on them.

Short EMA: 7
Long EMA: 15
Frequency: 2 Hours
Buy Thresholds: 0/0.25
Sell Thresholds: 0/0.1
Tick Offset: Anything

I also use bitcoinwisdom.com and enter these EMA numbers into it and set it to display EMA lines so I can watch & see what the bot sees, I find it helps to visualize what's happening. It also helps to visualize new strategies before I test them in the bot by punching the numbers into bitcoinwisdom first, too & seeing where the EMA lines would cross.

So good luck, hopefully these settings will either help or inspire you.

I am looking for a little incite as well..   Going with the suggested settings on BTC-e my bot bought several times at about $777 So right now I am up quite a bit.  If I sold despite the bot sitting there doing what appears to be nothing what will it do?  rebuy?  nothing waiting on the downturn?  it is so temping to turn the bot off and sell it is killing me!  Currently BTC-e is at $923 and the lines crossed at $936 so why hasn't the bot sold?

Naelr

Hello to Pablo and everyone on this thread. Thanks for all your comments, still reading and still learning

I'm new to the Butter Bot and have to say I quite like it. The few times I have contacted support, they have been fast, friendly and very helpful. I'm now a week or so using the bot, I'm trading only on the Bitstamp exchange and only with a small amount of money to get started, to learn how to tweak the bot to the market conditions and generally get my head around automated trading.

What I'm noticing is that using the default starter settings for Bitstamp that in this recent volatile market, I'm getting chopped up quite a lot and the bot is taking losses, I'm probably down about 40% in the last week or so which isn't a big deal as I'd factored in some type of learning curve to tailor the bot to my risk profile and the prevailing conditions of the market. I've messed with the time frequency and I don't think that has helped much, shorter periods of time (like 15 mins) the bot is trading too frequently and I'm needlessly going in and out of the market responding to noise. With longer periods (I've tried an hour) I seem to be missing trading opportunities and/or not taking profits where profits seem to be able to be taken. I know that there's a world of difference between personal trading and automated trading and there's no doubt that I'm having difficulty just leaving the bot alone although I'm pretty sure once I see it make some profit, I'll be done with the tweaking.

Is anyone willing to share any Bitstamp settings that they feel are working quite well in the last week or so please?

Thanks very much.

I like the idea of the trailing stop to help protect you in a crash. Say I have my bot set to trade frequency of two hours...Lets say it started crashing within that hour and dropped 50%. I have my trailing lose set to 40%. Would it sell instantly when it hit 40% within that 2 hour time frame or would it wait till the next check-in that it does every two hours? Also is their a way to see what the trailing loss is at. That would be a cool thing to display. What its current high number is and what number it would have to hit according to your percentage to trigger the stop loss.

Any new features scheduled to be coming to the bot soon?

Yes it is, there are (to my knowledge) no limited features, but the demo license will expire.

If you're interested, you can use my referral link for purchase, it will give you an additional month free, on top of whatever you buy.

Iw want to buy this bot. Just wondering if the demo is a working one with real trading?

You are wrong. Some parameter can bring more than 10000% profit for the past 1 year during which BTC rises 6500%.

Took me awhile to get back to this, the past few days have been busy focused on house work, real work, and my gpu farm lol.

In answering a few posts back, this is the setting I had which helped me get some earnings. I took some losses on BTCe with it recently, but then it gained back. Not perfect, but again, is another example of finding something which fits the situation. Butterbot is /long term/. These are just for education, can't say they'll do anything for you, but report back if they do!

Short/Long: 3/16
Frequency: 15min
Buy/Sell1: -0.01/-0.01
Buy/Sell2: -1/3.8

Hey, however. Just so I can distribute graphs around the house on browsers somehow. That's just my first thought, I'm not opposed to better ways to do it.

I wouldn't want to have to install extra software to view them though.

That's somewhat beyond the scope of a simple Google-script plugin, specifically the multiple address part--if I understood it correctly to be network addresses. They could code it so it writes hard graphic files to a shared file resource though, which would be easy.

Much easier to just use a lightweight VNC server/client solution in the time being.