eduk, I've noticed you happen to know how far fible1's paid version has developed. As per 2 days ago, Tobbelino's one was much better (not to mention, free). This volatility check addition is a must-have, and I saw it was implemented in fible1's version, too. Any clue on how it performed? Is tobli's version always the best one?
Here is the volatility one I made yesterday
https://bitcointalk.org/index.php?topic=67591.msg2122016#msg2122016 which is free because most of it is other peoples work as it is TobbeLino's version with a volatility check, I'm still testing though, I literally finished coding the modification last night and have only run it for about 10 hours today. But it is avoiding sells and buys.
I'm also figuring out other ways to make it smarter, as during stable periods like we've seen these last few days it an be too agressive.
Is there anyway to avoid having the bot sell at a loss? I was on the unfortunate end of my bot buying at the top and selling at the bottom and would of rather saved those coins. Or is it simply better to have the bot do its thing and eventually come out on top?
I think the philosofy with bots is that they "win some and lose some", but if tuned, they
should win more than they lose and make a steady profit in the long run. But the last days have been hard for the bots or any swing trader - the market is too clam, low volumes and no swing to trade on...
I think (my opinion of course) that it would be very risky to "forbid" a bot to sell at a loss. Becuase then you have already decided that the market eventually "must" go up above what you paid. But this may never happen, or may take a very long time, and the bot can't trade while you wait for the market to recover (if you had a bot like that running when the market dove from $250 last month, it would not have sold if it made any trades near the peak, and it would now be sitting here, waiting, waiting for the market to reach ~$250 again). The only thing that matters is: where will the price go from now? If up: buy/keep! If down: sell/stay out - no matter what you paid or how you traded "yesterday". Even if it sells at a loss, it's no point in follow the trend down, losing even more. Better to sell and buy later and follow the trend up again.