Re: [ANN] leonArdo - Bitcoin Trading Bot for Poloniex, Bittrex, Bitstamp, Bitfinex..
Hey,
Im very new to (any) trading software. So far I just bought and sale manually in long term, so thats why I have some(maybe very stupid) questions. I was searching for a tutorial that explains "every button" but I cant find it. I know there is a "help context" but that doesnt help in all cases:
The software is running now, for 2x app. 12 hours and it seems that it does the job well. It onl ycan seem to me, because I dont no really what Im doing...but i t works
1. There is this Profit/Loss: But thats only shows "margin trading" result? Is there a conclusion somewhere , to see profits/loss from the exchange?
2. WHat happen in the red area?
3. What happens in the upper and lower blue area? I know its called "by margin" and "sell margin" <-- but thats not "margin trading" right? *confused*
4. Is there a generell "sell/buy margin" settings, that suppose to be more safe or risky?
5. The "minm. effective gain". I can read what the context menue tells me, but I dont understand it. If I put it on 20% what happens? Is it for the whole time, for any bet?
6. Does the bot stopp at some point trading? After a period of time? Or trades?
7. "Start with / sell/buy" Is that just the first trade, or a longterm setting?
Do you know any tutorials that helps my confusion? If seen tha tits from leonArdo, bunt it looks its for people that allready knows the "trading system".
btw, is that the thread ok to ask? Or is there a dummy section somewhere?
thx
Im very new to (any) trading software. So far I just bought and sale manually in long term, so thats why I have some(maybe very stupid) questions. I was searching for a tutorial that explains "every button" but I cant find it. I know there is a "help context" but that doesnt help in all cases:
The software is running now, for 2x app. 12 hours and it seems that it does the job well. It onl ycan seem to me, because I dont no really what Im doing...but i t works
1. There is this Profit/Loss: But thats only shows "margin trading" result? Is there a conclusion somewhere , to see profits/loss from the exchange?
2. WHat happen in the red area?
3. What happens in the upper and lower blue area? I know its called "by margin" and "sell margin" <-- but thats not "margin trading" right? *confused*
4. Is there a generell "sell/buy margin" settings, that suppose to be more safe or risky?
5. The "minm. effective gain". I can read what the context menue tells me, but I dont understand it. If I put it on 20% what happens? Is it for the whole time, for any bet?
6. Does the bot stopp at some point trading? After a period of time? Or trades?
7. "Start with / sell/buy" Is that just the first trade, or a longterm setting?
Do you know any tutorials that helps my confusion? If seen tha tits from leonArdo, bunt it looks its for people that allready knows the "trading system".
btw, is that the thread ok to ask? Or is there a dummy section somewhere?
thx
One newbie helping another here, so I will do my best. First I would say watch the videos in the first post, the interface is a bit different, but the concepts are the same. Secondly start learning with the ping pong until you get the hang of how this works. It has far less options, since it is a simple process, but it is a great way to use your existing trading knowledge to learn the interface.
As for your points:
1: It doesn't track this now, or at least it doesn't show it. It has been requested a lot.
2: Read area is the selling area, it is limited by your settings. The videos show how to change this. Generally if you have mostly empty rules it tries to sell around the dotted line at the bottom of the red area.
3: Lower blue is buy area, again see videos. Generally if you have mostly empty rules it tries to buy around the dotted line at the top of the blue area.
4: Again, see the videos for a coverage of the settings. Also remember they can't give trading advice so you will have to seek that out elsewhere or do some trial and error.
5: This tells the job your expected profit or loss from the run. 0% or positive means the job must create a trade in your margins that will at least yield that % of profit, however it can get blocked since sometimes you need to take a loss to keep going. Going negative allows for loss to occur in the hopes you make it back up. Something that needs some experience to use correctly.
6: No, however it can create a trade that can't be filled (market moved outside your limits) or it cannot meet your min effective.
7: Yes that is for first trade for that bot, for that session. Make sure to check this, I have done the double buy mistake before.
Biggest thing to remember is that there aren't magic numbers to make it work, and each market IS different.