Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 79. (Read 274784 times)

So in Back testing using the Bots Back testing, on all 3 exchanges, Pablo's suggested settings   10/21   0.25   0.25  2 hr poll  still produce the best results by far..  I have yet to find any other settings that do better..   So I am always curios why some use other settings?    I guess more I need to learn but for now I will Stick with Pablo's Settings..


Still not Verified on BitStamp..    Hopefully soon..


Update:   I see where there are some other suggested settings for Bitstamp.  Will test those out

I would be happy to talk about settings I am using, with the caveat that I am not claiming these are the "right" or even the best settings possible.  This bot is a new product, and I am learning it along with the rest of you.  I am, however, finding sweet-spots by using Pablo's recommended starting points and running simulations.

This also delves into my trading opinion's and theory, so it can be weighed against other successful opinions to form your own.

Let's start with the EMA lines, and talk specifically about tuning for BitStamp.  20/42 gives a nice spread, and insulates the trading from the considerable "noise" we see in the BitStamp trades.  The way I am reading the trends, however, it is not slowing down the trades _enough_.

Changes in the direction of the bitcoin market are usually being predicated by a very chaotic period of panic selling or buying.  During this period there exists temporary pressure that is seldom advantageous when changing an EMA position.  If trading manually, one must resist the overwhelming urge to buy/sell with everyone else.  Once the period of panic is over, the market will normalize, or "snap back" before continuing in it's new direction.  More often then not, this is the prime time for the EMA trader to enter or exit a position.

In my efforts to time the bot for this on Bitstamp, I am having success using 1hr poll times and both gates: set at 0 and .08 respectively.

On BTC-e, the breaks are cleaner, and the noise it less.  So there I am using the same EMA and polling times, while using a single very fast gate to signal trading.  So, in summery:

BitStamp:
EMA 20/42
Polling: 1hr
Gates: 0/0.08

BTC-e:
EMA 20/42
Polling: 1hr
Gates: -1/0.01

In combination with my particular tick-offset I am getting very good trading results, but I want to re-iterate that not everyone will agree with these specific settings or strategy, and I am constantly seeking input on ways to better tune the machine for improved results.  This is a gambling game after all, and we are simply seeking to tip the odds in our favor.

Sean

Thanks for the tips, what a cool little community this is becoming.



Kuroth, if you made some money in your GOX debacle, you came out nice.. I lost a few grand (hacking/theft).

I am not sure how long BS's new verification process takes, I have not been through it.  I do see their API is back online, nice to see their data back.



When tuning your bot to BitStamp try Butter's recommended as a place to start.  I am seeing some very nice numbers using 20/42 EMA, 1hr poll times, and moderate 0/0.08 gate timing.  You may try that as well as theirs, and tune off of it.

Ok..  Singed up with BitStamp..  Now just waiting to get verified..  I assume that could take 24 hrs or so?


 

Appreciate your advice and Info seanrarey...    Tip coming as soon as I can get it OUT of Mt Gox and into CoinBase..

I have been using CoinBase since June but just for buying BTC..  But now I am starting to see the "light"  of what you and Pablo are saying

My Mistake was I should have never used Mt Got in the first place. Live and learn..

I will get going again with the Bot.. Heck its just made me 1K...  I am NOT mad at the Bot..Just venting..  Sorry for my rant..

w00t!

And we're back!

"Loading Data" lol

GOX has been plagued with hacks/thefts.  I for one approve of that move, having lost a few thousand dollars there in the early days to a hack/theft.

That is not an unusual safety measure, I think it is pretty typical among the exchanges.

As for why they do not tell you "when", it is another safety masure.  If it told you to log back in in 24hrs, a thief could try to beat you to it (if he were the one that changed your password) by hitting the account in 24hrs & 1 minute.

Digressing, use good passwords (check out the lastpass.com service), and all the enhanced security an exchange offers.  The net is full of Pirates!!  

Loading data...

Some of the bitstamp API seems to be back online; bitcoinity is returning an accurate graph now. But is anyone else's butterbot stuck "loading data" like mine? If it's not just me I'm sure it'll be fixed within a couple of hours.

Recent posts lead me to believe that not everybody using this bot is up on the basics.  To that end, I am going to jot up on the board some key points you should know and research if you are going to trade in Crypto.

1.  Hi

Me.  Why believe me?  Don't.  Do your own due diligence; but this should get you pointed in the right direction to do that.

That said, in "real life", I am a trade consultant and trainer, and I charge for it.  I have no affiliation with ButterBot except as a user.

2.  Crypto

Know your trade.  Know Bitcoin, how to use it and move it.  Crypto is extremely easy to move around, that is a large part of it's power.  Posts about not being able to access/move/exchange one's funds are a massive case of cart-before-horse in-over-your-head trading.  Don't take offense, learn what you are doing wrong and fix it... I will show you how.

3.  Portal

Very first on your "I-wanna-b-a-trader" checklist is your portal.  You need to be able to exchange USD for BTC in minutes; not days.  Do not confuse your portal with your exchange.  At the exchange, that is just money on books.  I am talking about getting real, physical paper $20 bill into BTC and back again.

EXAMPLE
I "park" my mortgage payment in a trade account each month until the day it is due.  This past month, a very good month, that mortgage payment made me more then $700 in profit in the time it sat there.  This is the power of a good portal.

Use your portal to move your money between your bank account and the exchanges, _not_ the exchange withdrawal/deposit system.

I use and recommend Coinbase as my portal.

4.  Exchange

So much info is available on the different exchanges it seems redundant to write anything on this, but based on a post here earlier, I guess not everybody reads as much as I do, so I will address the 4 largest, in descending order of "respect":

BitStamp:  Widely regarded as the standard leader at this point.  This said, they are going through a spot of growing pains, and often get overwhelmed in heavy trading.

BTC-e:  Located in Russia, this exchange has continued to surprise and impress.  They do not have the volume of the larger exchanges (for you whales out there), but they are solid, and I have never experience a single problem trading there.  Low fees and predictable curves have made it the most profitable butter accounts for me & mine.

BTCChina:  New on the scene, and taking the lead.  They do not deal in USD, however, so have not had much to do with them

GOX:  What can be said here that is not already splashed all over the news & internet?  Stay away!!  They are a mess, a risk, and just not worth the headache.

If you are trading larger amounts (>$10,000), I recommend spreading the investments across more then one exchange.  This diversification helps manage risk and reduces the shock to the market when Butter buys/dumps large sums.

5.  Strategy

Hundreds of thousands of books have been written on this part.  If you read them all, you may or may not be able to beat ButterBot, because it uses a pretty solid strategy for the Crypto trade right now.  Butter has made over 40% returns for me in the time I have been using it (a couple of months).  I know few people that have been able to beat that.

So for the purposes of this forum, the strategy I recommend is to tune your settings carefully to the exchange you are using, and leave it alone.  I check/re-tune about once a week.  That is too often, but I feel useless if I don't.



If you need a Coinbase account, feel free to use this link; it will kick us both back $5:

https://coinbase.com/?r=5170cd8e09b9d96e2f000009&utm_campaign=user-referral&src=

If you have not purchased Butter yet, feel free to use this link... again, we both get a kickback:

https://butter-bot.com/?r=82a121d4

If any of the above helped you, feel free to buy me a cup of coffee:

1QGr5R2An47fmM1fAjeaG1JAnfis81wTNC


Sean

I will take all the advise I can get..      I am pretty new to all of this..


BTW the reason I cant Transfer BTC right now is yesterday I forgot my PW and had to reset it and now when I try and transfer BTC to CoinBase I get the error:

The password on your account has been reset recently. Please retry later.

Nowhere on their site does it state your account will be frozen if I change my PW(BTW they still let me do things that make them money such as Buy and Sell BTC.  Why would they not Put that on hold with a PW change as well...  hummmmmm


Also what does Please retry later mean???  a day? a week? A year???  Would be nice if they told us....  

No this is simply another way to roadblock Withdrawals of any kind from their site..

Oh boy.  Ok, sounds like some basics need to be addressed here.  Stand by for lengthy post...

Well doing that does really make it a trading decision as I can no longer do this completely hands off and let the Bot do what it was designed to do..   Not the Bots fault but I am becoming VERY disillusioned in all 3 of these Exchanges and beginning to realize they are all nothing but a BIG rip off..   

I am now converting my Cash the Bot just made me back into BTC on MT Gox at a loss so I can just get out of there and NOW Mt Gox is even blocking my Transfer of BTC to CoinBase..

I am turning off my Bot until I can decide what to do.. At this point I see no reason to run the Bot if I cant get my money out...  Just makes no sense..

https://coinbase.com/?r=524b95d6ae57ec62dc00000f&utm_campaign=user-referral&src=
Please and thank you!

I'll take a referral if anyone wants to toss one this way Been meaning to setup coinbase for awhile, and now is a good time.

Kuroth, Coinbase is _fast_, and oh-so-easy.  Once you are setup, simply send your BTC there and it is bounced to your bank account.  You can send BTC there regardless of where the market is, all you are doing is converting BTC/USD.  Once your account is validated, you can also buy BTC instantly when the market flashes low.

Of you go the Coinbase route, get a referral from someone here that uses coinbase & you will get an extra $5, as will they.

Hey ,
  You have to decide how much you want to get out and at what point; it's not a trading decision though, keep that in mind. It's about what you are comfortable getting out and when.

After you have made that decision, you simply send the BTC to Coinbase and cashout, the cash should be in your account within 3 days.

Please let me know how I can help .

Paablo.