Quote from: MickeyT2008 on May 06, 2013, 03:35:29 AM

One point is that if I lose out in my trading then that's my fault and I can accept that, but having a program lose money on my behalf would be really annoying.

It would still be your fault, not Enerbot's fault if you lost money. Since all your buy/sell amounts, i.e cash/coins to risk, spreads of how far down you buy, how high you sell, percentage change between buys and sells, you choose all before you launch the bot. Then, if you made a bad choice you can always kill the bot placed buys and sells at anytime.

Sure it's a little bit different than if you 'predicted' last week that BTC would drop all the way to 91 or so and correctly placed your 5k buy order right there, then correctly predicted it would go as high as 124ish over the weekend and correctly placed your sell order there. For sure if you had a crystal ball like that, you should go with it, that's the way to make huge gains...

The above was sorta what I was trying to do, and mildly successful with huge gains and losses in-between, it's really hard on the heart and holding back on the panic button when the market takes big dives...

Trading with a bot like this, is a bit different, because you spread your bets over a much wider range incrementally based on your own inputs and % profit your looking for. Unless you never sleep, and are really fast to input your own buys and sells when the market takes great swings, there's no way you can keep up with pre-thought bot-trader strategy making money for you while you sleep if you set the spread correctly when you kicked it off...

You make money both ways up and down if you set your spreads right. It automagically sets new buys and sells based on your inputs. For each sell order if the market is moving up, it generates a new buy order to gain profit if the market takes a sudden dip. IE. if you sold .3 btc at 124 , depending on your input, maybe buys back at 115. That's a profit over doing nothing, you bought back a coin or fraction of, 9 bucks cheaper than you sold it for. Same thing for each coin you buy low, sets a sell price, so for those coin I just started picking up now at 102ish , selling starts when it gets back to 115...

If you cover a wide spread, it's a way to be making money in all the waves of buys and sells whether up or down. It's not the same as predicting the future and making that huge score when you bought huge at 65 a couple few weeks ago and sold at 160 or whatever. It's just a safe (depending on your inputs) way to be incrementally making smaller gains over-all, and not get blown outta the market with one bad decision or panic-sell....