Well on better news, i just finished my first 7 days with my latest bot addition to add to my other 3 bots i currently run... some damn good results for 7 days, i installed it on my Raspberry Pi and just left it alone with 0.25btc to trade with for 7 days...
7 days of trading...
68 trades...
0.044btc profit
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That image is super small. How much trading commission did you pay in total? I used to write algo trading in stock markets.
In stock market, buying 500 shares of a $100 stock ($50k) costs like $5 comission. In crypto it costs $125... and another $125 to exit the position. Huge negative edge and spreads are large in crypto too.
With the coin markets now so volatile ... its actually perfect for bots to roam free because the spread its extraordinary big.
Storx -- why don't you clone 100 of those Raspberry Pis and let the army run riot ?
Afternotes:
I can fund a few of them Pis seeding/capital BTCs and we can share the profits
This is actually a double edge subject for me, i have always been into bots... i have never lost a lot of money with them, usually the first 15 or 30 days of owning the bots i typically make my cost of buying the bot back along with a little extra, but it seems to always fall on its face or profits drop to a sludging crawl after that. I swear these companies somehow use the fact you have to communicate with thier servers to verify product key for the bot to continue to function, that they are implementing some sort of scale back on how the bot functions after the honeymoon period of getting your initial investment back...
So my plan is to continue to test this bot, i have spent countless hours studying this one before purchase and doing technical analyst on all the pairs its trading to set custom settings for each single pair it uses that i hope this one stays on track after the honeymoon period, in a few days ill have what i payed to purchase it all back in return, so we will see if the profits keep rolling in.
In regards to running a bunch of them, the issue with that is your only allowed to run so much traffic on an exchange before they ban your account from trading, its happened in the past.. so i can only do so much, so the real way of doing it would be to run the bot on multiple exchanges, but the issues with that is fees and volume of traffic are the 2 biggest hurdles, currently i have bots running on all 4 of the top volume exchanges, so im kinda tapped out at the moment and running multiple bots on the same exchange account just confuses the heck out of them.
If this one continues to pan out like its been i plan to add a few BTC to the account and up its trade amounts per trade over time, just right now im testing the waters and not trying to jump the gun, bots can make you money and they can loose it just as quick. I have test 13 different bots over the past 2 years and so far only 3 of them were stable enough to trust with actual money i am willing to trade with, other bots ive bought they run so random and unstable that you cant trust them or once you load them up with more than a few pairs to trade they get so confused and slow to respond that they just become useless at trading. That is what happen to me with gunbot, its turned into my direct mining conversion bot now, stupid bot does well with like 1-3 pairs, but anything above that the code over time starts logging errors and misses trades, then you get stuck with bags of drowning assets.. just got to bipolar for me to deal with, so now all it does is run 24/7 on cryptopia and bittrex auto exchanging everything i dump into those wallets into btc through its panic sell mode... basically turning it into my own autoexchanging mining pool in a way...
Its done ok today, managed 0.00782325btc ($55) of profit in the past few hours trading small amounts, think ima bump up the trade amount a little after this post
https://farm1.staticflickr.com/878/26256966707_8bd1eeabdc_z_d.jpg@Storx, Those results are impressive, I also run the bot as well but on the ETH. The way to go is the per pair setting based on TA and trading limited pairs. Just started using the bot some days ago not up to a week. As regards to the honeymoon period, I think that can only happen if this bot was actually connecting to a server but in PT's case it connects only to your exchange using your API's, hence why there are some many extra add-on's developed by others being sold. There's an update, the V2 coming soon which takes away the need for some add-on but one I will ask you to look into is PTMagic, which gives you the ability to change settings based on market conditions and changes, which is the biggest drawback of this bot.
I run on raspberry pi too, works perfecting and chilling with the miners. You said you run 3, that's 3 licenses according to you use case, 3 exchanges because you can run 1 license twice on each exchange. And I'll like to ask if you run all 3 on 1 raspberrypi? Looking for a way to remove all unnecessary files on the Pi.
I plan on staying away from V2 as long as they can not stop the functionality of of V1.26, because V2 stop owners license but offers subscription license and there's also talks of it not being self-hosted and installed anymore, meaning it will actually need to connect to a server they own and run, which leaves room for potential vulnerability, which could lead to stolen api's. But, I understand the need to control usage and put limits which in turn will lead to more profit. I might grab another license soon just for keeps sake and leave room to expand from one exchange to more.
@citronick You can pay fees using the exchange crypto, gives you 50% off the trade fees and for spread, you can control that within the bit using the max spread percentage and buy minimum volume to control low cap coins, and minimum buy price to stay away from p&d coins.
Don't wanna derail the thread, sorry if I did @philipma1957.
