Topic: (Closed) Butter Bot!: Premier Bitstamp, and BTC-E EMA Trading Platform (Closed) - page 89. (Read 274808 times)

It will run perfectly as long as you have Chrome open, that's all you need .

Please let me know if you have any questions.

Pablo.

do you even have to have the "addon page" open? or will it run as loong as there is a check mark in the window that pop up when you click the "butter-bot" button in the top right hand cornor?

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Announcement
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We have added a "Help Desk" to the Butter-Bot back end. You will now see a "Support" widget to the right of the website every time you go to Butter-Bot.com. We would like to ask you to please route any support issues you may have through our new ticketing system. The system will help us streamline support and get to your questions more quickly and in a more organized manner. Most of your questions or issues should still be resolved within the hour.

Please do not hesitate to open a ticket and let me know what you think (Smirk ).

Pablo.

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Announcement
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(Edit:)

Friends,
  I'd like to let everyone know that we will be migrating the bot from the btcbots.com domain to butter-bot.com by next Friday. At this time all the bots that have not been upgraded to V2.1 will stop working! There are only a few of you still on V2 and you will shortly be receiving an email from me. Please take a moment to upgrade so that you may continue your service uninterrupted.

If you have any questions, please do not hesitate to contact me.

Pablo.

I've verified it works in Chrome, Chromium, Coolnovo and I think it even ran in Dragon, but i fell asleep before I could process what was going on haha.

Hi Luicon ,
   It works perfectly on Chromium.

Please let me know if you need anything .

Pablo.

can this bot be run using Chromium ? just wondering if it can be installed into a Raspberry pi

If I may...

Yes, run the bot 24/7. It won't buy or sell unless it identifies a trend. So far mine's run for 24 hours with 2 trades. It correctly bought into the recent uptick, so just let it do its thing

+1 What Sean just said.

I think that starting out with an arbitrage alert bot is an excellent start, however the manual transfers might kill the opportunity.

Getting an ArbBot off the ground before Gox implements LTC might work tremendously towards our advantage in getting us, as Sean said "ahead of the curve". I don't know about you folks, but I have NEVER been fortunate enough to be ahead of any curve.

I'd be willing to donate towards the project to get it started.

Can we roll with this?

couple question fellow bot trader

do i need to run this bot 24/7. how long did your bot make any transaction, right now my bot running a day without activity and using recommended setting from pablo

Thanks for the reply Pedro. Much appreciated. 

I'm going to jump in here suggest you do not use TSL until you have a solid feel for the bot as well as a solid feel for the mechanics of EMA.

We have the TSL feature because it was a feature requested by a very small group of expert traders for their own needs. Unlike the rest of the bot, which you can set and leave be to do it's work, TSL requires monitoring to avoid losses.

If after all of this you decide to use TSL, make it a large number, above 15% to identify a real crash from a market movement.

Please IM me if you have any questions .

Pablo.

Anybody care to share their recommended trailing stop loss setting? 

I used GOX in the example because it will provide an opportunity in the day's & weeks after they get their much-delayed trade engine up & running.  They have made the statement that the engine will support LTC.  Those with a bot ready (or at least close) when this happens should be able to get in on some major arbitrage.

In the mean time, the bot would need to support the exchanges that already cater to alts.  Because the volume on these exchanges is low, there is considerably less coin to be made with these exchanges, but they are perfect for tuning the system on while we wait for bigger fish to present themselves.

I see such a bot as a rare opportunity to actually be a little ahead of the curve for once. 

Everything except the LTC Mt. Gox part; Mt. Gox would have to majorly be out of the equation for altcoins since they don't trade any. As for the rest of your idea, I think that's what we had in mind .

Pablo.

Arbitrage opportunities are often fleeting, as the exchanges are reacting faster and faster to imbalances.  This leads me to believe that there are arbitrage bots working out there, they are just not being shared with us.

Because these opportunities have to be capitalized on so quickly, (often 60 seconds or less), some automation is needed to make it work. Even with the block on actual transfers between the exchanges, this could be accomplished thusly:

1.  A major trade occurs on GOX sending the exchange price into sufficient imbalance that a profit can be made.

2.  The bot senses that GOX>BTC-e & GOX BTC/LTC ratio > BTC-e BTC/LTC ratio, so it triggers a sale for a predetermined amount of BTC-to-LTC on GOX while simultaneously buying an equal amount of BTC-from-LTC on BTC-e.

3.  A message (email or txt) goes out to the trader to manually transfer the traded amount of BTC to GOX & LTC to BTC-e.  Once this occurs, the system is "recharged", and can fire again the next time the exchange bounces out of step with the other.

As we speak, the price of BTC is $8 more on GOX then on BTC-e.  The bot would see this, confirm that the BTC/LTC ratios are equal or at least friendly, and sell the 100 BTC I have sitting on gox into LTC and the equal amount of LTC into BTC on BTC-e.  I have to sit down & recharge the system by manually sending 100BTC back to GOX & the equivilant in LTC back to BTC-e, but I made $800 minus fees for my effort.

Make sense lol?

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Arbitrage Bot Update
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Friends,
  We have been seriously looking into this idea (arbitrage bot) but we have run into a major snag, the only API that supports automated withdrawals and deposits for now is Mt. Gox. Ideally we would like to automate altcoin deposits and withdrawals across exchanges to make our bot as useful as possible but as it stands technically right now, it is not possible.

A couple of the exchanges we have queried have signaled that they are working on withdrawal and deposit features for their API's, but as things currently stand we don't know when or if those changes will go into effect.

Right now the best we could do would be an alert module to notify you, according to your settings, when arbitrage opportunities present themselves. Is this something that most of you would find useful?

We can commit to the fact that we will automate and develop the bot to the best of our ability as each exchange adds features to the API but the first release would be an alert module only.

We are looking for active feedback as to whether this is something the majority would find useful or whether our customers would rather we investigate stock market bots further and go from there.

We look forward to you feedback.

Thank you,
   Pablo.

This will most likely be a feature in V3 .

Pablo.

+1

Hi Pablo,

Any sort of consensus reached on the arbitrage bot?