Topic: Web Based Technical Analysis/Automated Trading Service (Read 3148 times)

I've recently been hired by venture capital to develop another project (one that I will be writing another thread for in the coming weeks). While I'm not shutting the doors to this one (as I've already spent hundreds of hours researching and developing it), I can't continue to spend time on it. This new project is one who's concept I've supported for a long time, but only now have I been given the financial backing to pursue myself. I'm sure many others are working on very similar work, if not identical. The same applies to this trading platform. I'm sorry for letting you guys down, but this platform won't be available for many more months to come. I'm sure others like mine if not much better will be released very soon for you all to make use of. Once again, sorry for the let down.

Please look at bitcoinity.org and bitcoin.clarkmoody.com for UI inpiration. I find the data layouts there extremely usful especially the Buying, Selling, and Time & Sales data provided on the ClarkMooody site.

You're not going to be happy about this....but...

There was never any website (yet). All I had were the standalone bots. If you had asked me only 5 or 4 days ago I would have happily posted some screenshots of those (I really should have in the original post...I feel so stupid for not doing so). This thread was really only meant for suggestions. I was going to go into much more detail about functionality and user interface in another thread when I was closer to launching. I've essentially torn apart all of my bots and, as of 3 days ago, there's basically no GUI to show, only the data structures that I can print through the terminal. If you want to see screenshots of terminal spitting out numbers...I guess I could do that.

I've been hard at work essentially rebuilding from the ground up in order to orient them for web service capabilities/security/speed. I'm looking for a nice GUI package for the website, seeing as my desktop bots were really industrial looking/not very web 2.0 oriented. The tradingview interface looks incredibly user friendly. I need to look into whatever library they're using. Thanks for the heads up man. Sorry I'm letting you down on the screenshots though.

This website https://www.tradingview.com/ just launched real-time Bitcoin analysis https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD# based on MtGox data. As you can see from attached picture users can create custom timeframes like 8 minutes, 9 minutes, etc. It is possible to create renko bars and other non-time resolutions.

It is possible to add drawings, indicators, calculate risk/reward ratios, it is possible to overlay BTCUSD with EURUSD for cross-currency analysis.

Maybe you'll find this website inspirational for your undertaking.

Could you please post some screenshot of your website?

From now on, for convenient reference's sake, I'm going to call the proxy trading platform the "ChaosEngine". Please feel free to recommend better names. I'm not that great with naming things. My first and only dog was named "Spot" lol.

Anyone who wants to be contacted for alpha testing should PM me their contact info. I want to keep the initial testing relatively small, so probably no more than 30 users at first. For beta testing I'll expand it up to 100 users (if there's even enough interest in the first place).

I'm sorry if this is a let down, but I probably won't be able to offer initial user testing for another 2 months. While the bots are fully functional and capable of all the features I outlined, integrating them as web applications is going to be quite an ordeal (despite working on this every day). When I was developing them originally, I had no plans on giving them to anyone, let alone putting them up as web applications. I'm finding myself having to re-code a significant amount of it in order for it to function properly as a web service. I have quite a lot on my plate for the next 5-8 months. I'm finishing undergrad (hopefully my age doesn't diminish my credibility) and applying for PhD programs so that's going to be taking a serious amount of mental energy in and of itself. I can't afford to be sloppy with this project. It needs to be absolutely bulletproof before I set it out into the world.

Thank you for all the support so far. Without the community I would never go through with this. I would just keep my bots to myself and sit on my stash. I'm doing this because Bitcoin has changed my life and I want to give something back to this community. Please continue to provide suggestions. I really appreciate any feedback possible. I'll keep updates coming as promptly as I can.

Also, follow on twitter for updates: @Chaoskampf0

I would also like to be considered for Alpha or Beta testing and would participate in discussion, provide screenshot feedback and perhaps make a screencast-o-matic or two as I have a subscription and I am familiar with making desktop tutorial in SOM.

Keep it up!, your proyect looks really good!

Been watching this thread progress and am certainly very excited to see this come to fruition.   If you are looking for guinea pigs *ahem* testers - more than happy to help and provide input/feedback.  PM me if needed.

I do also like the pay per %profit structure - shows faith from you the developer and for the customer it mitigates the upfront cost of "spending money to make money".

You'll be one of the first to try out alpha testing. Thanks for the continued support and motivation!

stopping by to show some <3 , keep up the hard work bro and cant wait to use the site...hehe my settings FTW I already know :p

Sounds cool so far, especially auto-trading. I think your idea about a 5-7% fee structure of any gains is the best payment model since it proves your belief in your own algorithm/product. Making the charting free for others will eventually generate plenty of more and more "paying" customers. The 1m, 5m, 10m views would be most helpful to see the latest history trend of orders.

I totally agree with you, also the fact that bots does not have emotions is a big advantage. It's just about the advertising for people who don't know a lot about trading.

I will be waiting for your bot and I am curious about the features

I suppose I agree. I still stand by my comment that you quoted. Just because something is abstract doesn't diminish its power as a tool. There's obviously going to be risk involved with any trading. That's the nature of the game. I guess I should be careful about advertising my confidence in my service. I don't mean to imply that it'll take all the risk out of trading, and simply act as a Bitcoin faucet to whoever uses it. That's not the case. There will still be pointy objects that you can still poke yourself with. It will however provide a larger audience with access to more advanced analytical tools for making potentially smarter trades.

I am not trying to bash TA at all, I am writing a TA bot myself to. But I just think you should be careful when you say:


The math is just an abstract model of an idea about how a market behaves. The idea may be pure but the market is not and unexpected things can happen that are not in the idea. Also market conditions change over time.

I do like TA and I use it myself, but you should never see it as a money making machine or something that will 'work 100% of the time' imo. It's just gambling backed by statistical data of the past, there is always risk.

I'm not sure what you're arguing. Are you saying that it's better not to use TA because of the potentiality of an unforeseen black swan situation? Would not using TA put you in a better position during this situation? Would not using TA make the black swan go away/not happen in the first place? If that's what you're arguing, then I have to disagree.

Taleb explains in his book that TA is based around trying to predict the future based on history. Which can work a lot of times but you can never know it for 100% sure. He explains it by this Turkey who is fed everyday for a 1000 days. On the 1001th day the turkey is waiting for his meal as usual when something else happens. How could the turkey have known it was thanksgiving?



No matter how much TA the turkey would have thrown at the chart, he would not have been able to predict this. In this case thanksgiving is a black swan for the turkey. A black swan is something that you can't really predict and is never taken into account in the mathmetical model (else it isn't a black swan). This is more philosophical than it is practical, but Taleb says that if a black swan happens you can easily lose all your profits in a single event.

TA is entirely self-consistent and mathematically pure. In this sense, it works 100% of the time. They're just processed and re-processed numbers. The way you use those numbers is where I think you find the weakest link in efficacy. If by "work" you mean making a profit, then that's purely a function of what you do with this information. You could say the same thing about all charts, and all indicators. Why have charts in the first place? Why do we put volume bars underneath the charts? These processed numbers convey information. They don't have any personal prejudices. They are what they are, and deriving meaning from them is solely the responsibility of the humans looking at them. Here's the weakest link - the human. Some of them can derive more meaning from those numbers than others.

TA tries to detect patterns in a market. I personally believe that markets for altcoins look different and are driven by different forces. This should be backtested though.

I've read the Black Swan by Taleb and its true that TA tries to predict what is going to happen while you can never know this for sure, however there are dangers everywhere: a lot of people on this forum have a lot of bitcoin (which is basically buy and hold, a dangerous strategy when crashes or even black swans can happen), a lot of people have little trust in fiat money (and argue the dangers also apply at the USD for example). So TA may be gambling with a lot of dangers, but it appears that in this crisis almost everything is.


I am just curious by the way. I think so, but it appears there is more and more competition for paid trading services and you have to differentiate somehow. Are you going to evaluate the profit after every buy-sell or on a timely basis?