Is anyone really in profit with BTC robot? I got an email which said "It`s so good its unbelievable.. the official bitcoin robot over at http://btcrobot.com/secret.php is making crazy gains its close to profit 6,000 now with a 10,000 usd account.. and all bitcoin robot members mirror the profits.."
I'm not in profit unless I count the increase in the price of bitcoin since I started. I deposited 10 bitcoins and my screen shows "Funds: 9.99 BTC, 1.02 USD, 1090.27 USD total." but "Weekly profit: $594.76, total profit: $594.76" just does not add up.
It appears to me that this must me some sort of "New math" taught in Russia.
I'm not in profit unless I count the increase in the price of bitcoin since I started. I deposited 10 bitcoins and my screen shows "Funds: 9.99 BTC, 1.02 USD, 1090.27 USD total." but "Weekly profit: $594.76, total profit: $594.76" just does not add up.
It appears to me that this must me some sort of "New math" taught in Russia.
Ya the profit displayed in the Robot doesn't take into account what you deposited yourself so its really incorrect. They told me they are thinking of addressing this on a future release. Lets hope so. But your profit number really doesn't make sense?? My profit number display my whole account value after I deposited 6 bitcoins which would make sense. My robot didn't trade till just recently after depositing the bitcoins on Aug 21. I have my robot set to aggressive.
So if you started with BTC only, like it seem most of us did, then it very easy to calculate real profit and also see if the strategy is better then just holding BTC.
Just calculate the following:
BTC on BTCe + (USD on BTCe/currentBTC price on BTCe)
This will show you if you are making profit BTC wise and if the Bot is trading better then just holding BTC. This will be the benchmark which I will apply. This I think would also be the correct kind of implementation to show profits. However, this might be difficult if someone started with mixed funds. They could still go back to point zero and calculate how much BTC the funds were worth back then and go on from that point.
edit: @BTCRobot team: one should be able to manually choose point zero in the GUI. And maybe also switch between USD and BTC profit view.