Quote from: virtimus on May 07, 2013, 03:52:01 PM

No offence at all

What I ment by "market order":

Market order is when You are not specyfing certain price and agree on "market" one. I've short experience with MtGox - but I'm observing that it is probably just highest present "ask" bid if you sell and lowest "sell" bid if You buy.

Last time the bot sold it gave me a huge difference in price:

- so should go about 360 PLN ...

And from my transaction history:

2013/05/06 22:40:06 BTC sold: 0.63494606 BTC at 345.00000

Or maybe it is rather my currency problem ? Market in PLN seems not to be very deep. How to play on that ?

No - too much games are unhealthy

maybe I'll just switch to USD.

Ok, if I grasp what you are saying, the bot will take the lowest Bid or Ask in the ORDER BOOK and set the order that way. This is different from market in the sense that market would be a spot trade which is in a sense a point in between these two values from what I have seen (I might be off here). I'm pretty sure the original bot had a similar structure. I have not experienced losses this way as it is trading at the lowest or highest price in the book depending on the buy or sell, and the bots function is to get you out of a bear market or into a bull market, so if it trades at order book or spot it really doesn't make a difference: it's much, much more important that you are using correct threshold values and that the bot has identified a real bull or bear market to act and not gotten you out of a bull and into a bear.

Just to be clear it would be very very hard for a properly set up bot to buy you into a real bear or sell out a real bull market given the EMA logic. I'm not saying it can't take a loss this way, I'm saying that over time it ought to make more right calls than wrong ones and be profitable. This is why I personally use much lower SELL threshold values than BUY threshold values as protection against an erratic market. You also have to keep in mind that ALL BOTS that follow a trading strategy are assumed to be profitable OVER TIME. You have to look at your profits and losses at least over a couple of weeks, you can't turn it on for two days and judge. As for me, it's been profitable.

So far, the theory behind the bot has proved sound and profitable. I am sure that can be seen in the extensive discussion on Gomboo's Journal.

Best.