Re: [ANN] BOTCOIN (BOT) "The People's Bot!" - just .3 BTC! Pre-sale starts Monday!

BIG question on this bot as a hugely disappointed owner of Sampey's bot (C.A.T)---

CAT would NOT allow the market maker / ping pong to "take a loss", so if the market moved against you, the bot was permantly "stuck"

https://bitcointalk.org/index.php?topic=507103.msg8040498#msg8040498

Any advanced trader knows that you will not be able to ping pong at a profit 100% of the time. Maybe 90%, 80%, 70%, etc.

Will this bot allow the bot to "ping pong", staying on top or near on top of books at a fixed depth, whether the trade will "win or lose" versus the last?

Very simple concept. Don't "Block" the bot from taking a loss on ping pong. Market making is a long-term game.

I am in if so for at least 1 copy.

Good questions. We have geared this bot to be able to handle the sort of scenarios your are describing. You will be able to take losses and design your own strategy. Anything less should not be considered a well designed bot.

Walter

Thanks Walter.. Is the bot or beta "done" and usable now? What is done now vs future development plans (may have been answered).

Will APIs be maintained etc.

There is no beta. All testing was completed in August in closed trials. The release will be fully functional on all exchanges listed in the OP.

Our next planned update (V2) is approximately 30 - 40 days after release and will focus on expanding to mobile apps, as well as the several more trader / strategic functions listed in the OP.

Walter

I must say I am impressed. A fully working bot anyone can afford. Profits from value growth / resale are designed to go 100% to investors. I will be watching this carefully over the next days.