Topic: Trading bots and profitability - any long term experiences? - page 2. (Read 2341 times)
Yeah, I also read that thread. Though I cannot find anything in this thread about long term profitability. Can you point me to the post?
they can work but if they do 'cock' up then they can really cost you some money you need to make sure that you are either sure you can code a program which can do it or have hired a dev which is competent enough and has experince which he can show or you purchase a already established one which has many positive reviews
Hi & welcome to the forum!I am a (web-)developer, by profession. Altogether, including studies, since 9 years now.
What I'd like to hear about is actual results. Did anybody use a trading bot for several months, maybe with constant settings, and if so, what was the average return per day in percentage?
Regarding my bot: for the moment, I don't want to be responsible for situations in which users might lose, so I'm coding the bot in a way that it cannot lose money. It can just stop making money, and situations which would otherwise cost the user money should be handled by him.
they can work but if they do 'cock' up then they can really cost you some money you need to make sure that you are either sure you can code a program which can do it or have hired a dev which is competent enough and has experince which he can show or you purchase a already established one which has many positive reviews
Hey guys,
thanks for your replies.
You're pointing out what I meant: at the end of the day, it's all depending on the settings, strategy etc..
I saw that it's a Java application, so you probably don't have any access to historical trading data? Mine runs on my website, and I'm storing all trades - synchronized with the BTC-e API - in my local database on the server (I have to, because I have to take previous trades into consideration to determine the next entry position). This way, I can monitor the profits nicely and adjust parameters. In fact, I'm planning to auto-analyze the profits, and when profits decrease, the bot will adapt to the current situation by adjusting its parameters.
By the way, you can see its trade results here: http://bitshit.shice.info/bitshit.frontend/standard/btcewalltrader
That's my overall project. If you're interested in seeing it perform, an account is needed to get access to these pages. No worries, the page is legit. I even have an imprint on the bottom of my website (probably the only person in crypto doing so, heh), and I'm way too passionate about all this stuff here to waste my reputation.
.edit: just had a closer look at CAT - wow, your piece of software really looks sophisticated!
My intention was to build a trading bot without being influenced by other similar software, so I can make sure that I'm implementing the core exactly in a way I would do it. For that reason, I haven't looked any deeper into existing trading bots.
It already has quite some logic: it determines the volume to check if a price target is realistic to reach, plus it checks the waves/price movement in the past time. For now (remember, the bot is only running since 08/30), I think I have found quite a good way to set price targets. It has already caught some near-tops and near-bottoms.
Because of the way it is built, it has kind of a built-in loss protection. Or, it depends on what you regard as a loss: if you're okay with accumulating BTC, the worst thing that can happen is that the bot buys BTC higher than necessary if a downtrend occurs (but never above the last sell price!). In such situations, users get an email (additionally to the mail after executed trades) which informs them that the bot hasn't made any trades since xx hours.
In that case, you're likely to have more BTC in your account due to previous trades.
The other scenario would be that an uptrend starts. Then, the bot would have sold at its target (determined by the last trade's price) and doesn't find a reentry. Then, the user (currently only me, heh) also gets an email notification. The bot does not reenter the market at a higher price, so in that case, you have maybe sold earlier than necessary, but increased your USD holdings anyway.
The bot works best when the price is moving more or less sideways. It rides the waves up and down, and when it loses track, the user has to decide if/when to reenter the market. Best would be to wait until a certain price level has established.
thanks for your replies.
I'm coding a bot since 2013. 40 Releases (10 Beta + 30 Officials) : https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
Users seems happy with that, BUT the story is simple : if you know what to do and how to parametrize the algorithm you can have a profit, if you choose random market and start a "default" bot you will probably have a loss.
Funny. I was made aware of that bot just today, when a member of our trading group (no PnD, it's really a trading group: https://bitcointalksearch.org/topic/ann-whale-watchers-trading-group-762278 ) told me he bought it, when we were talking about current and potential features of my bot.Users seems happy with that, BUT the story is simple : if you know what to do and how to parametrize the algorithm you can have a profit, if you choose random market and start a "default" bot you will probably have a loss.
You're pointing out what I meant: at the end of the day, it's all depending on the settings, strategy etc..
I saw that it's a Java application, so you probably don't have any access to historical trading data? Mine runs on my website, and I'm storing all trades - synchronized with the BTC-e API - in my local database on the server (I have to, because I have to take previous trades into consideration to determine the next entry position). This way, I can monitor the profits nicely and adjust parameters. In fact, I'm planning to auto-analyze the profits, and when profits decrease, the bot will adapt to the current situation by adjusting its parameters.
By the way, you can see its trade results here: http://bitshit.shice.info/bitshit.frontend/standard/btcewalltrader
That's my overall project. If you're interested in seeing it perform, an account is needed to get access to these pages. No worries, the page is legit. I even have an imprint on the bottom of my website (probably the only person in crypto doing so, heh), and I'm way too passionate about all this stuff here to waste my reputation.
.edit: just had a closer look at CAT - wow, your piece of software really looks sophisticated!
I wrote an amateur arbitrage bot for my own use. It's not that profitable at normal days =/
So I wonder which strategy your bot uses allyouracid ? And are there also days with a negative return?
Basically, it's just a "buy-low-sell-high"-Bot (even though this term does not satisfy all the work and logic I put into it in any way). I haven't implemented any indicators (yet), but I'm planning to do so, because I want to save the user from the "hassle" of determining whether it's a good time to enter a buy- or a sell position. Planning to use EMAs here, set on values which roughly represent the waves on BTC-e's chart.So I wonder which strategy your bot uses allyouracid ? And are there also days with a negative return?
My intention was to build a trading bot without being influenced by other similar software, so I can make sure that I'm implementing the core exactly in a way I would do it. For that reason, I haven't looked any deeper into existing trading bots.
It already has quite some logic: it determines the volume to check if a price target is realistic to reach, plus it checks the waves/price movement in the past time. For now (remember, the bot is only running since 08/30), I think I have found quite a good way to set price targets. It has already caught some near-tops and near-bottoms.
Because of the way it is built, it has kind of a built-in loss protection. Or, it depends on what you regard as a loss: if you're okay with accumulating BTC, the worst thing that can happen is that the bot buys BTC higher than necessary if a downtrend occurs (but never above the last sell price!). In such situations, users get an email (additionally to the mail after executed trades) which informs them that the bot hasn't made any trades since xx hours.
In that case, you're likely to have more BTC in your account due to previous trades.
The other scenario would be that an uptrend starts. Then, the bot would have sold at its target (determined by the last trade's price) and doesn't find a reentry. Then, the user (currently only me, heh) also gets an email notification. The bot does not reenter the market at a higher price, so in that case, you have maybe sold earlier than necessary, but increased your USD holdings anyway.
The bot works best when the price is moving more or less sideways. It rides the waves up and down, and when it loses track, the user has to decide if/when to reenter the market. Best would be to wait until a certain price level has established.
I wrote an amateur arbitrage bot for my own use. It's not that profitable at normal days =/
So I wonder which strategy your bot uses allyouracid ? And are there also days with a negative return?
So I wonder which strategy your bot uses allyouracid ? And are there also days with a negative return?
I'm coding a bot since 2013. 40 Releases (10 Beta + 30 Officials) : https://bitcointalksearch.org/topic/bot-cat-cryptocurrency-automatic-trader-new-price-list-042021-507103
Users seems happy with that, BUT the story is simple : if you know what to do and how to parametrize the algorithm you can have a profit, if you choose random market and start a "default" bot you will probably have a loss.
Users seems happy with that, BUT the story is simple : if you know what to do and how to parametrize the algorithm you can have a profit, if you choose random market and start a "default" bot you will probably have a loss.
Nothing, yet?
Okay, I'll start by posting what my bot currently makes. It's running since several days now, and I wonder if a constant profit of 1% a day can be achieved over a long period of time.
Today, I saw that it already created almost 4% of profit in the last 24 hours. I guess it just had a good day.
.edit:
The bot can be seen trading publicly on my website (account needed): http://bitshit.shice.info/bitshit.frontend/standard/btcewalltrader
Okay, I'll start by posting what my bot currently makes. It's running since several days now, and I wonder if a constant profit of 1% a day can be achieved over a long period of time.
Today, I saw that it already created almost 4% of profit in the last 24 hours. I guess it just had a good day.
Code:
date type amount price total
04.09.2015 09:56:09 buy 0.4951078 225.17 111.483
04.09.2015 09:44:07 sell 0.49252398 226.814 111.711
04.09.2015 09:42:09 buy 0.493511 223.021 110.063
04.09.2015 07:08:08 sell 0.48943637 225.293 110.267
04.09.2015 02:22:09 buy 0.4904172 223.62 109.667
04.09.2015 01:18:08 sell 0.48873917 224.845 109.891
03.09.2015 21:32:08 buy 0.4897186 223.303 109.356
03.09.2015 20:42:09 sell 0.48744436 224.816 109.585
03.09.2015 19:24:08 buy 0.4884212 223.02 108.928
03.09.2015 14:58:08 sell 0.48624916 224.48 109.153
03.09.2015 13:42:09 buy 0.4872236 222.818 108.562
03.09.2015 12:46:10 sell 0.48355995 224.929 108.767
03.09.2015 12:12:08 buy 0.484529 222.53 107.822
03.09.2015 11:16:09 sell 0.48087075 224.667 108.036
03.09.2015 09:56:15 buy 0.4818344 223.022 107.460
02.09.2015 13:56:09 sell 0.48053737 224.479 107.871
04.09.2015 09:56:09 buy 0.4951078 225.17 111.483
04.09.2015 09:44:07 sell 0.49252398 226.814 111.711
04.09.2015 09:42:09 buy 0.493511 223.021 110.063
04.09.2015 07:08:08 sell 0.48943637 225.293 110.267
04.09.2015 02:22:09 buy 0.4904172 223.62 109.667
04.09.2015 01:18:08 sell 0.48873917 224.845 109.891
03.09.2015 21:32:08 buy 0.4897186 223.303 109.356
03.09.2015 20:42:09 sell 0.48744436 224.816 109.585
03.09.2015 19:24:08 buy 0.4884212 223.02 108.928
03.09.2015 14:58:08 sell 0.48624916 224.48 109.153
03.09.2015 13:42:09 buy 0.4872236 222.818 108.562
03.09.2015 12:46:10 sell 0.48355995 224.929 108.767
03.09.2015 12:12:08 buy 0.484529 222.53 107.822
03.09.2015 11:16:09 sell 0.48087075 224.667 108.036
03.09.2015 09:56:15 buy 0.4818344 223.022 107.460
02.09.2015 13:56:09 sell 0.48053737 224.479 107.871
.edit:
The bot can be seen trading publicly on my website (account needed): http://bitshit.shice.info/bitshit.frontend/standard/btcewalltrader
Hey guys,
simple and short question: does anyone here have any longer termed experience regarding the profitability of trading bots?
I am currently coding one, and I have it returning around 1% per day, since it runs (only a couple of days - since August 30th). And I calculated this up and came to the conclusion that trading bots might be profitable over the long run, even if they only return a small percentage of gains per day.
I am aware of the fact that this is depending on a set of factors, such as strategies used, coding of the bot and even the user who has the bot running.
Maybe we can get a discussion here about:
Many bots are for sale on the forums, and you can read endless descriptions of the bots. But what I'm lacking a bit is the long term experience. We don't need to discuss specific bots here, I think, because at the end of the day, everybody has to do his own due diligence.
simple and short question: does anyone here have any longer termed experience regarding the profitability of trading bots?
I am currently coding one, and I have it returning around 1% per day, since it runs (only a couple of days - since August 30th). And I calculated this up and came to the conclusion that trading bots might be profitable over the long run, even if they only return a small percentage of gains per day.
I am aware of the fact that this is depending on a set of factors, such as strategies used, coding of the bot and even the user who has the bot running.
Maybe we can get a discussion here about:
- if there actually are users who have long term experience running a certain bot (let's say several months and more)
- what strategies their bots are using
- how much profit (percentage values are fine) you gained
- what volumes do you trade (if you mind talking about that)
Many bots are for sale on the forums, and you can read endless descriptions of the bots. But what I'm lacking a bit is the long term experience. We don't need to discuss specific bots here, I think, because at the end of the day, everybody has to do his own due diligence.
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