Topic: 🔥🔥🔥🔥🔥[GUNBOT] Automatic Poloniex Profit Generator🔥🔥🔥🔥🔥 - page 199. (Read 507769 times)

Where should I find that?

ok look at your log, tell me the EMA1 and EMA2 at time of buy order

It bought at 0.00455254 the highest. My settings is buy at 0.6% and sell 2%.

Yo mate! When we are done with this thread let's go hijacking some trolls in lending section

I had a look at your trades. First rule first: we have emotions, the bot doesnt! I'm going to fuck up yoiur license if you think again to put yoru hands on what the bot is calculating  

Said that, lol, congrats it is doing really well but: can you please show me the buy order the bot placed when LTC was at 0.004536

Because to the maths that are in that code (and not only there but in ANY exchange): the EMA1 and EMA2 are NEVER over the bollinger band. The bot CAN buy (means it only knows how to buy) when the price is set x% below both EMA1 and EMA2.

Considering that was a peak of something like 1 or 2 hours: i dont think the EMA1 and EMA2 got time to recalculate that much.

So please buddy, make me happy: show me that buy order at 0.004536
Thanks!
~Gun

Updated my review. See DAY 6. https://bitcointalksearch.org/topic/m.17360593

Note to Gunthar: Please look at it too, I'm not sure if that is the problem or just some things that I didn't know of. Hope you can look at it.

You are right, i checked all over the exchanges, none is against "automated trades" aka "bots". That's why there is an API for that and they all state that in their API tos, eg

Reference

Dont worry, none of these bots will ever get banned (as long as they behave )
~Gun

That's a troll, as long as your bot does not more then 6 API calls per second you wont get your IP banned. The more trades you do the more fees they cash, no way any bot is gotta banned (I am using CAT, haas and GUNBOT actually)
Anyway great cake Gun: running smooth since 2 weeks and got good profit. I will post screenshots soon

mmm? why banned? first of all it complies with polo api tos (calls per second...or it would get banned after exactly 6 minutes.
On the other side, the risk to saturate the market is well known and under control: only a limited number of licenses of this bot will be sold (as stated in the main thread). This is to avoid to flat the eventual low voume markets and it adds a "value" to the issued licenses.
I'm curious to see what is your thought on those "bans" you talking about.
~Gun

After reading reviews about your bot,I am excited to buy it but on a second thought I would wait further and watch as there may be some chance of this bot getting banned by Poloniex

If you look at this graphic, it is the GUNBOT applied "live." It has the script your own GUNBOT is using exactly in this moment.
If you zoom out that graphic, you will always see a red part to buy and a green part to sell. It doesn't matter the price. So the GUNBOT is capable of entering the market anytime and generating its profit.

I 100% agree with you about the cost of the asset pre-GUNBOT: the most of us bought that asset at poloniex (god knows at what price) or from another exchange or...with credit card/pp etc. (i think neither God knows at what prices)
I'm willing to think aloud with you about a method to add so the user could decide to enter the market in a particular condition only (something like never sells under x price). The risk is you will never enter the market. It is a risk you regularly run on GUNBOT tho: decemberI have sell orders from first December.
Thinking aloud...let's see if it worths it.
~Gun

It is, but dont forget GUI users...they like buttons, colors, graphic etc
I implement both console and GUY tho, for all nix/mac and win users. Oh someone of you got it working on raspberry pi!!! I cant remember right now who they are...i will dig in my PMs

Wouldn't it be easier to implement this functionality as a shell script (or another node script), which you can run before running the bot itself to determine best pairs?

Sorry for hogging the thread. I'm trying to stick to one theme per post and I think this is my last one for a while.        

I've been thinking about startup conditions. The bot has to start with a balance on Polo of at least one member of a pair. It can't buy or sell otherwise, right? It can only work with "today's value" and is blind to how much or how little you might have paid for that initial item when you first acquired it.

I think this means that Gunbot would have a better start if first launched when crypto markets are "down overall" rather than, say, the last few days? Put another way, if you bought your startup coin high back in the day, you may sell it low when you fire up Gunbot after which Gunbot will make profits if it can, but from that "low" starting point.

This is an observation, not a criticism. Markets never care about how much one paid for some asset back in the day, but one should keep the cost of the startup item in mind when deciding when to first run Gunbot. If the item has gone up in value (against the other item in the pair) then use it. Otherwise, consider a different startup item or consider waiting a while before first starting the bot. I thought this through only after starting the bot with a high-cost item. Thus we learn.

One more notion - Gunthar's comments about viewing an item's value only against the other item in the pair is really important, imho. Many people seem to view crypto as a commodity to be traded against what they think of as real money, namely fiat. I think of crypto as the eventual replacement for fiat so for me it is already "real money". Of course I have no way to know which flavour of crypto, if any, will win out. Gunbot is the perfect tool for people who share that mindset though. When I first heard of it, I feared the market would quickly saturate and we would all be stuck trying to eke out small profits from each other. Not so - we are competing against those who think of fiat as real money, those who bet that they can profit in fiat by trading commodity crypto. Heh. May the better paradigm win.

Edit: strikeout above as I'm still thinking about this. I now think all that matters is the pair in question, not the overall market conditions, but it gets messy if you start thinking about alternative uses for your startup item than trading it for another coin - should I buy that Lambo or not?

    

Correct: they are the same formula but different period of calculations

Good point, i am also trying to modify that a bit: actually it is based on volume and daily variance, i'd like it to be more representative of the GUNBOT strategy. E.g: if the coin variance related to EMA1 and EMA2 is > a min %

Would you comment further on that EMA change please? Back on page 1, in your tutorial, I think you suggest setting EMA2 to double the value of EMA1. I assume all such rules are "soft" when you know what you are doing.     

Suggestion: presently the advice on "Recommended currencies to trade today" appears in the Gunbot window, after configuration. I think it would be more useful as a clickable button in the configuration window or perhaps in the new dashboard.

Updated my review on the bot. Added my day 5 result.
https://bitcointalksearch.org/topic/m.17360593

I'm looking forward to the updates my friend! You are awesome!

Here is my little review about GUNBOT. I've tried it from 26.12 till 02.01 and, in fact, all I can say that this thing is working and working great! I've tried to use gunbot on ETH, ETC, XMR, FCT, ZEC, MAID, NAV. Week before newyear was pretty volatile, but gunbot have done it's job - i've got little profit on all pairs!

I can not mention the perfect support from @Gunthar on all questions from installing to trading.

P.S. I've tried to run gunbot on macOS and it works perfectly smooth, just as on linux.

Thanks mate for the honest review! I'll add that and others to the user's generated proofs of profit


I've PMed you buddy

Some news on bot development:
next release will have a dashboard with automatic profit/loss calculation per pair, so you dont have to bother with (ugly) poloniex profit/loss tool

Also...candlesticks with the GUNBOT strategy applied so you can see "live" what the bot is doing
~Gun

Hi gunthar!
Gratz, you develop a great bot, and looks this work smothly.

Do you have any other vouch copy? We can discuss about portuguese translation too. Just hit me a pm.

Have a good week.