I am at a loss so far. Maybe my settings for the margin maker are just crap.
I set my effective gain to 1% and sometimes the bot trades at loss.. I just don't get it.
Should i be setting my effective gain higher?
I really would not mind if the bot traded at 0.5% gains and conducted more trades.
As long as its showing profit per trade. I used to set it to -1 but i saw more loss then gains.
Idk maybe someone can PM me their settings or forward me to a videoguide idk.
started with 0.35 btc and its down to .3 btc over the course of a few days
Also, I dont want to discourage people from buying. The GUI in this bot is beautiful and its wayyyyyy better to use to make trades than to use the exchanges in my opinion.
I'm just doing something wrong
My experience is telling me to use short Statistcs interval hrs of less than 2 hours and to avoid use negative Min Effective gain %.
The idea is good but the execution is flawed imo.
First the gain % only seems to kick in when the buy price is higher than the line for the sell margin %.
If you have the gain at -1% then it will kick in when the last buy is higher by 1% from the sell margin % point.
Then the bot will start selling at a loss up to whatever the gain %.
Second the bot should sell and buy right away at whatever price the current price is but instead it will start at the buy margin % window and usually when the eff gain kicks in the coin is swinging up and not down.
Because of this the bot misses alot of good oportunities for profit because its stuck at a very low value.
Example Imagine that you got a buy when the eff margin was 6% and you had a 3 hours statistic window and the bot was set up with a -1 eff gain.
You start the bot and get a nice buy right away but after one hour the price starts dipping.
When the coin recovers from the dip and the sell happen at -1% from the buy it will create a new buy that is 5% lower than what the current coin value. Because you had a 3 hours statistic window and the dip happened one hour later it will now take two hours for the sell margin to catch up with the coin. In the meantime if the price trends even higher you will never get a buy.
The best scenario is that after the sell because of the gain % dips again.
(Thats why I recomend a small statistics window)
The bot is somewhat simplistic because it doesnt use trends, so it doesnt ride them unfortunately so you lose on some really nice profits or buy coin at much higher value than it should.
But the developer is very active and responsive and hopefully a new version will be available that adds trending into the calculation. With that I think we can achieve really nice profits and Leonardo becomes a much more attractive application.
I cant wait to see what the new versions have in store... Hopefully we get a new one soon.