Topic: Haasonline Simple Trade Bot For BTCe and Bitstamp[Main topic] - page 114. (Read 416825 times)

@San1ty:
I simply avoid it to happen at all.
So I agree and you have made my point which is that the higher the trade amount the higher the fee and therefore the larger the "price movement" must be in order to have a trade. Many small trades = more profit potential May be better to trade 10 X an hour than 10 X a day. Anyway if you could explain the new ability of .9 to be on one currency pair more with more than one trade bot, would appreciate

On another subject, do I need to reset anything after the Jump out price is triggered like today on BTC/LTC?

Thanks again for the great work...



If you use technical market indicators you will notice they act before the lowest or highest point is reached. Of course this can cut you off some better momentum, but that is why i created version 0.9. Using more indicators an better momentum can be found. And again, there will be overhead inside it.

In the rare case a order be at the situation you have described (0,1%) the overall best solution is chosen: Wait it out. A currency goes up and down in time and the price will be reached most of the times. In absolute rare case it does not, you need to cancel the order yourself.

@enki74:
The exchange cost are build up like this:

Trade amount * Exchange-fee = Trade costs

So:
0.2 BTC * 0.2% = 0.0004 BTC
0.5 BTC * 0.2% = 0.0010 BTC
1.0 BTC * 0.2%  = 0.0020 BTC

To make an complete profitable trade you need to exchange 2 times (buy & sell), so you need to pay these costs 2 times to the exchange.

If you set the profit or drop amount to low the software will warn you about it. (that is an security measure)

@San1ty:
Well thats very simple. I just keep track on all open orders at Bitstamp. As soon as i send a trade signal the amount of orders must go up. Once it goes down again i know the order has been filled.

This is not the perfect way, i agree. At version 0.9 i have improved the tracking of orders and there i will track them based on the order id itself. This enables me to offer 2 trade bots that can work on 1 exchange and 1 currency and it enabled multi-trading. Manuel trading can not impact the operation of the trade bot itself this way.

OK lets start with your first line .2 X 2 got it two trades to make any money to pay for fees.
2nd line .4% this is really 100 X .4% = .4 or 40 cents not 4 $ right? Why $96?

If we agree,
then... .20 btc X .4% = .0008, x 2 trades = .0016 trade fee or .0016 btc (roughly 1.6 cents @$100) required movement before profit.

then..  .80 btc X .4% = .0032,  x 2 trades = .0064 trade fee or .0064 btc (roughly 6.4 cents @$100) required movement before profit.


No, actually it does not.

If the trade fee is 0.2% then 0.4% is the minimum the price must move to accomplish a trade w/o making a loss.  If the price is $100, that means it needs to drop to <$96 before you can trade & expect to make a profit (favorable bounce assumed).

So, lets do an exercise.  Say price drops to $99.50  Your position is $100, so it is a drop of 0.5%.  Having done due diligence you are confident this is a spike (not a trend), the drop is sufficient to pay your fees (>0.4%) and wish to capitalize in it.  You buy, wait for the price to return to $100 and sell.

The differential is 0.5%

If you traded $1, you made one half of one cent.
If you traded $1,000 you made $5.

How much you trade had no affect on your profit points & percentages.  It only affects your net profit.

To put it in your words, the market must move exactly the same amount to realize profit; regardless of amount traded.

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ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? Smiley smart a...
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Um, no, you are confusing fee percent with market movement.  Market movement as it relates to profit does not move with the fee lol.

ok so how many $100.20 trades a day are u going to make given its got to move 20 cent before u trade vs 100 $1 trades w $.002 fee price only needs to move .002 befor profit begins to be made..... does this make sense? smart a...

No.  Fees are percentage based.  Fee for a $100 trade with a .2% fee is is $0.20.  Fees for 100 $1 trades is... any guesses...? Yep, exactly the same.

What math? please elaborate? greater amounts = greater fee = greater movement needed to make a trade correct?

Um... there is so much wrong with your math... & yes, you would lose money.

So, is it correct that running two bots same currency and same exchange would cause coin loss?

I would like more trades at small amounts and was thinking to run on several machines to achieve this as when running with larger amounts the "change in price" must be higher to overcome the fee increase... Thanks

Did you tick info and trade? I assume its like btc-e?

Anyone post screenshot of your RSI-30 bot.
In my bot i only see next message "RSI-30 bot started" 10 minutes already. 0 orders.

Bitstamp function isn't working in the beta version and .9 alpha version.  I've tried logging in with my username/pass as well as the api key and secret.  The api key is enabled under security-->api but the bot still won't connect.

Bitstamp function isn't working in the beta version and .9 alpha version.  I've tried logging in with my username/pass as well as the api key and secret.  The api key is enabled under security-->api but the bot still won't connect.