Post
Topic
Board Trading Discussion
Re: Chrome Browser extension: MtGox trading bot
by
rikigst
on 20/05/2013, 13:57:06 UTC
Right, but do you agree with the idea of considering not only the current value of ema-diff, but its trend, too?

Interesting idea, but all EMA bots at the moment are based on the Goomboo's Journal. Goomboo, as a trader, suggested that the more simple rules such a trading system has, the more profit it will generate in the long run.

Well, Goomboo didn't say anything about thresholds or 'buying after N samples above threshold', but those are working tricks! While we don't get too far from the original idea, I think that improvements are still to be done! (the 99 bucks bot guy sorta implemented this, allowing negative thresholds, but that's rough)