(Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 8.

mooncake

sr. member

Activity: 434

Merit: 250

Quote from: fible1 on May 09, 2014, 11:08:39 AM

Quote from: mooncake on May 08, 2014, 11:40:42 PM

Does this Stamp news have any impact on butterbot?

Hi

,
No, not really. A similar restriction has been in place for trading through the API's for a long while now. The API's would not process trading for amounts that the manual exchange would have accepted on either BTC-E or Bitstamp, I presume to curve market manipulation bots. We still recommend starting your Butter-Bot with 30-35 USD to avoid these issues.

Please let me know if you need anything at all

.

Pablo.

@Pablo, I saw this message on ButterBot "Bitstamp error while buying BTC: "__all__: Minimum order size is $5". Please contact us about that.". Please advise.

miless2111s

newbie

Activity: 55

Merit: 0

Quote from: fible1 on May 17, 2014, 09:37:19 PM

Quote from: miless2111s on May 17, 2014, 03:52:52 AM

Quote from: fible1 on May 16, 2014, 02:06:46 PM

Just a quick update:

Butter-Cream is coming along great! We should start closed testing in the next few weeks and open Beta in late June.

We'll start posting some more info and screenshots as soon as we get some of the legal stuff out of the way.

Pablo.

Really looking forwards to being able to trade other things than Bitcoin (no disloyalty but it will make the bot longer lived when bitcoin finally settles down to be a currency without the wild fluctuations). Also looking forward to being able to use other strategies - having said that I'm a babe in the woods in that area so any primers which can be suggested to make the bot more useful to the untrained would be useful I think

Hey

,
I quite agree with you about adding altcoins; I would personally like to support at least the top 4.

About strategies, I also agree. We will create video seminars for the new bot because the interface has a lot more features and it will be easier for everyone for these to be explained. We will create the manuals form user feedback so I'm sure we can put together something useful. About having starter strategies, that's also part of the deal. We do want to differentiate the "Butter" brand however from the scammy "profit" bots out there. We like to look at Butter Bots as tools to generate profit and thus we try to make them as feature packed and flexible as possible which is different from what people out there who "guarantee" certain single automated systems systems (by lying to generate sales). A real trading bot is a tool that has to be modified and adjusted by the user to fit his risk profile and needs, starter strategies should be profitable but should also be only a starting point into something much larger.

I think I diverged a bit but I hope that helps, please let me know if you need anything at all

.

Pablo.

Do you see a way that it can support things like FOREX?

Miles

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: miless2111s on May 17, 2014, 03:52:52 AM

Quote from: fible1 on May 16, 2014, 02:06:46 PM

Just a quick update:

Butter-Cream is coming along great! We should start closed testing in the next few weeks and open Beta in late June.

We'll start posting some more info and screenshots as soon as we get some of the legal stuff out of the way.

Pablo.

Really looking forwards to being able to trade other things than Bitcoin (no disloyalty but it will make the bot longer lived when bitcoin finally settles down to be a currency without the wild fluctuations). Also looking forward to being able to use other strategies - having said that I'm a babe in the woods in that area so any primers which can be suggested to make the bot more useful to the untrained would be useful I think

Hey

,
I quite agree with you about adding altcoins; I would personally like to support at least the top 4.

About strategies, I also agree. We will create video seminars for the new bot because the interface has a lot more features and it will be easier for everyone for these to be explained. We will create the manuals form user feedback so I'm sure we can put together something useful. About having starter strategies, that's also part of the deal. We do want to differentiate the "Butter" brand however from the scammy "profit" bots out there. We like to look at Butter Bots as tools to generate profit and thus we try to make them as feature packed and flexible as possible which is different from what people out there who "guarantee" certain single automated systems systems (by lying to generate sales). A real trading bot is a tool that has to be modified and adjusted by the user to fit his risk profile and needs, starter strategies should be profitable but should also be only a starting point into something much larger.

I think I diverged a bit but I hope that helps, please let me know if you need anything at all

.

Pablo.

miless2111s

newbie

Activity: 55

Merit: 0

Quote from: fible1 on May 16, 2014, 02:06:46 PM

Just a quick update:

Butter-Cream is coming along great! We should start closed testing in the next few weeks and open Beta in late June.

We'll start posting some more info and screenshots as soon as we get some of the legal stuff out of the way.

Pablo.

Really looking forwards to being able to trade other things than Bitcoin (no disloyalty but it will make the bot longer lived when bitcoin finally settles down to be a currency without the wild fluctuations). Also looking forward to being able to use other strategies - having said that I'm a babe in the woods in that area so any primers which can be suggested to make the bot more useful to the untrained would be useful I think

BenAnh

hero member

Activity: 518

Merit: 500

Quote from: fible1 on May 16, 2014, 02:06:46 PM

Just a quick update:

Butter-Cream is coming along great! We should start closed testing in the next few weeks and open Beta in late June.

We'll start posting some more info and screenshots as soon as we get some of the legal stuff out of the way.

Pablo.

Looking forward to this one;)

fible1

legendary

Activity: 1183

Merit: 1000

Just a quick update:

Butter-Cream is coming along great! We should start closed testing in the next few weeks and open Beta in late June.

We'll start posting some more info and screenshots as soon as we get some of the legal stuff out of the way.

Pablo.

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: mooncake on May 08, 2014, 11:40:42 PM

Does this Stamp news have any impact on butterbot?

Hi

,
No, not really. A similar restriction has been in place for trading through the API's for a long while now. The API's would not process trading for amounts that the manual exchange would have accepted on either BTC-E or Bitstamp, I presume to curve market manipulation bots. We still recommend starting your Butter-Bot with 30-35 USD to avoid these issues.

Please let me know if you need anything at all

.

Pablo.

mooncake

sr. member

Activity: 434

Merit: 250

Does this Stamp news have any impact on butterbot?

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: successquest on May 05, 2014, 01:43:39 PM

Don't you think it's about time to change the title of the thread?
I don't think this "New" bot is being used very much to trade on MtGox.

Point taken

.

Pablo.

successquest

newbie

Activity: 6

Merit: 0

Don't you think it's about time to change the title of the thread?
I don't think this "New" bot is being used very much to trade on MtGox.

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: IZNICE on April 26, 2014, 09:47:29 PM

I have a problem. Butterbot is giving me a warning saying My api is connected but btc-e is not. I triple checked my secret key and api. What could be the problem

Hi IZNICE :=),
99.99% of the time this is caused by one of two things:

1. The API key and/or secret have been copied incorrectly, partially, or with some sort of error (usually a period at the end).

2. The keys were not given both "trade" and "get info" privileges (BTC-E), or the one of the 6 separate permissions needed if you are trading on Bitstamp.

Please create a new key and recheck for these issues and we can go from there.

Feel free to email me at [email protected] if you continue to have issues.

Pablo.

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: miless2111s on April 27, 2014, 05:27:19 AM

Quote from: fible1 on April 26, 2014, 01:48:12 PM

Quote from: miless2111s on April 26, 2014, 11:24:19 AM

Quote from: fible1 on April 24, 2014, 04:59:55 PM

Quote from: tempestb on April 24, 2014, 03:54:24 PM

It's a good question. For some reason it defaulted to this after the last update. I got tired of changing it to whatever wild forecast was in here because it just seems to consistently lose me money...

Short EMA 20
Long EMA 42
Trade 30 Minutes
Buy 1 - 0 Buy 2 - 0.15
Sell 1 - 0 Sell 2 - 0.1
Stop Loss is 0

So what should this be? I back test and the profit is not so good. Empirical evidence suggests that is true. Yet, other things I've tried have not met with much better success. Other than when the currency makes huge gains, which currently it is not.

The recommended settings are below.

The issue is sticking with the strategy (and we recognize this is a problem when you see negative results during a period of time), back testing suggests that if you had started with 1 BTC in January you would now have around 1.5 BTC. Part of the problem is that back testing is only denominated in USD currently.

We are solving these two problems with the new release which will allow you to back test in BTC and USD and also we will have shorter term HFT strategies for those looking for more immediate (albeit higher risk) results.

I hope that makes sense.

Pablo.

We recommend the following starter for all exchanges in the current market:

Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.

Am I doing something stupid? When I back test on these settings with the start date as 1/1/14 and running till today (26th) I show a -24.89% profit. !!

Hey

,
I understand that when you look at the USD pricing, given the huge implosion, but you would have made about a 40% profit in terms of BTC; meaning, if you had started with 1BTC you would have ended up with around 1.45. The back current testing is in USD only which is the cause of confusion, the new version will allow you to back test in either BTC or USD and thus solve this issue.

All this will be solved with the new release in a couple of weeks, I'm sorry for the confusion.

Pablo.

OK so until the new version comes out there's no way of knowing if any given back test would be profitable in terms of USD or BTC? Given this I'll have to leave the bot off till I know what is coming out of the back test given I can't seem to find a set of settings which give a +ve profit. Ah well, roll on butter cream

Miles

Hey Miles

,
No it's actually the other way around, with Butter-Cream you will be able to tell if your order is profitable in BTC and/or USD. Back testing will show results for both simultaneously

.

I hope that helps, and thank you for your patience.

Pablo.

miless2111s

newbie

Activity: 55

Merit: 0

Quote from: fible1 on April 26, 2014, 01:48:12 PM

Quote from: miless2111s on April 26, 2014, 11:24:19 AM

Quote from: fible1 on April 24, 2014, 04:59:55 PM

Quote from: tempestb on April 24, 2014, 03:54:24 PM

It's a good question. For some reason it defaulted to this after the last update. I got tired of changing it to whatever wild forecast was in here because it just seems to consistently lose me money...

Short EMA 20
Long EMA 42
Trade 30 Minutes
Buy 1 - 0 Buy 2 - 0.15
Sell 1 - 0 Sell 2 - 0.1
Stop Loss is 0

So what should this be? I back test and the profit is not so good. Empirical evidence suggests that is true. Yet, other things I've tried have not met with much better success. Other than when the currency makes huge gains, which currently it is not.

The recommended settings are below.

The issue is sticking with the strategy (and we recognize this is a problem when you see negative results during a period of time), back testing suggests that if you had started with 1 BTC in January you would now have around 1.5 BTC. Part of the problem is that back testing is only denominated in USD currently.

We are solving these two problems with the new release which will allow you to back test in BTC and USD and also we will have shorter term HFT strategies for those looking for more immediate (albeit higher risk) results.

I hope that makes sense.

Pablo.

We recommend the following starter for all exchanges in the current market:

Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.

Am I doing something stupid? When I back test on these settings with the start date as 1/1/14 and running till today (26th) I show a -24.89% profit. !!

Hey

,
I understand that when you look at the USD pricing, given the huge implosion, but you would have made about a 40% profit in terms of BTC; meaning, if you had started with 1BTC you would have ended up with around 1.45. The back current testing is in USD only which is the cause of confusion, the new version will allow you to back test in either BTC or USD and thus solve this issue.

All this will be solved with the new release in a couple of weeks, I'm sorry for the confusion.

Pablo.

OK so until the new version comes out there's no way of knowing if any given back test would be profitable in terms of USD or BTC? Given this I'll have to leave the bot off till I know what is coming out of the back test given I can't seem to find a set of settings which give a +ve profit. Ah well, roll on butter cream

Miles

IZNICE

newbie

Activity: 2

Merit: 0

I have a problem. Butterbot is giving me a warning saying My api is connected but btc-e is not. I triple checked my secret key and api. What could be the problem

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: miless2111s on April 26, 2014, 11:24:19 AM

Quote from: fible1 on April 24, 2014, 04:59:55 PM

Quote from: tempestb on April 24, 2014, 03:54:24 PM

It's a good question. For some reason it defaulted to this after the last update. I got tired of changing it to whatever wild forecast was in here because it just seems to consistently lose me money...

Short EMA 20
Long EMA 42
Trade 30 Minutes
Buy 1 - 0 Buy 2 - 0.15
Sell 1 - 0 Sell 2 - 0.1
Stop Loss is 0

So what should this be? I back test and the profit is not so good. Empirical evidence suggests that is true. Yet, other things I've tried have not met with much better success. Other than when the currency makes huge gains, which currently it is not.

The recommended settings are below.

The issue is sticking with the strategy (and we recognize this is a problem when you see negative results during a period of time), back testing suggests that if you had started with 1 BTC in January you would now have around 1.5 BTC. Part of the problem is that back testing is only denominated in USD currently.

We are solving these two problems with the new release which will allow you to back test in BTC and USD and also we will have shorter term HFT strategies for those looking for more immediate (albeit higher risk) results.

I hope that makes sense.

Pablo.

We recommend the following starter for all exchanges in the current market:

Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.

Am I doing something stupid? When I back test on these settings with the start date as 1/1/14 and running till today (26th) I show a -24.89% profit. !!

Hey

,
I understand that when you look at the USD pricing, given the huge implosion, but you would have made about a 40% profit in terms of BTC; meaning, if you had started with 1BTC you would have ended up with around 1.45. The back current testing is in USD only which is the cause of confusion, the new version will allow you to back test in either BTC or USD and thus solve this issue.

All this will be solved with the new release in a couple of weeks, I'm sorry for the confusion.

Pablo.

miless2111s

newbie

Activity: 55

Merit: 0

Quote from: fible1 on April 24, 2014, 04:59:55 PM

Quote from: tempestb on April 24, 2014, 03:54:24 PM

It's a good question. For some reason it defaulted to this after the last update. I got tired of changing it to whatever wild forecast was in here because it just seems to consistently lose me money...

Short EMA 20
Long EMA 42
Trade 30 Minutes
Buy 1 - 0 Buy 2 - 0.15
Sell 1 - 0 Sell 2 - 0.1
Stop Loss is 0

So what should this be? I back test and the profit is not so good. Empirical evidence suggests that is true. Yet, other things I've tried have not met with much better success. Other than when the currency makes huge gains, which currently it is not.

The recommended settings are below.

The issue is sticking with the strategy (and we recognize this is a problem when you see negative results during a period of time), back testing suggests that if you had started with 1 BTC in January you would now have around 1.5 BTC. Part of the problem is that back testing is only denominated in USD currently.

We are solving these two problems with the new release which will allow you to back test in BTC and USD and also we will have shorter term HFT strategies for those looking for more immediate (albeit higher risk) results.

I hope that makes sense.

Pablo.

We recommend the following starter for all exchanges in the current market:

Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.

Am I doing something stupid? When I back test on these settings with the start date as 1/1/14 and running till today (26th) I show a -24.89% profit. !!

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: tempestb on April 24, 2014, 03:54:24 PM

It's a good question. For some reason it defaulted to this after the last update. I got tired of changing it to whatever wild forecast was in here because it just seems to consistently lose me money...

Short EMA 20
Long EMA 42
Trade 30 Minutes
Buy 1 - 0 Buy 2 - 0.15
Sell 1 - 0 Sell 2 - 0.1
Stop Loss is 0

So what should this be? I back test and the profit is not so good. Empirical evidence suggests that is true. Yet, other things I've tried have not met with much better success. Other than when the currency makes huge gains, which currently it is not.

The recommended settings are below.

The issue is sticking with the strategy (and we recognize this is a problem when you see negative results during a period of time), back testing suggests that if you had started with 1 BTC in January you would now have around 1.5 BTC. Part of the problem is that back testing is only denominated in USD currently.

We are solving these two problems with the new release which will allow you to back test in BTC and USD and also we will have shorter term HFT strategies for those looking for more immediate (albeit higher risk) results.

I hope that makes sense.

Pablo.

We recommend the following starter for all exchanges in the current market:

Short EMA: 15 Long EMA: 31
Buy 1: 0 Buy 2: 1
Sell 1: 0 Sell 2: 1
1 hour time window.

tempestb

hero member

Activity: 729

Merit: 500

It's a good question. For some reason it defaulted to this after the last update. I got tired of changing it to whatever wild forecast was in here because it just seems to consistently lose me money...

Short EMA 20
Long EMA 42
Trade 30 Minutes
Buy 1 - 0 Buy 2 - 0.15
Sell 1 - 0 Sell 2 - 0.1
Stop Loss is 0

So what should this be? I back test and the profit is not so good. Empirical evidence suggests that is true. Yet, other things I've tried have not met with much better success. Other than when the currency makes huge gains, which currently it is not.

fible1

legendary

Activity: 1183

Merit: 1000

Quote from: tempestb on April 24, 2014, 02:26:47 PM

Butter-Bot just bought BTC on BTC-E. That means the price of Bitcoin is about to go down. It never fails. It's like clockwork. Whenever it buys, the value goes down.

I'm curious as to what settings you are running. We'll see if it goes up or down in a couple hours, but I'm running recommended settings and my entire board is red, meaning a "sell" command is in effect.

Pablo.

tempestb

hero member

Activity: 729

Merit: 500

Butter-Bot just bought BTC on BTC-E. That means the price of Bitcoin is about to go down. It never fails. It's like clockwork. Whenever it buys, the value goes down.

Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 8. (Read 274754 times)