Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
You know a feature I think might be nice since all the exchanges work in tandem basically. Yesterday my BTC-e went to a buy signal but Bitstamp never did. And then BTC-E went back to sell today..So basically it was a loser trade. I would like a feature that my bot doesn't make a buy or sell without the other exchanges I'm trading on having the same signal. Does that make sense or do you think it could be helpful or not?
I did a lot of math today on what it would have taken to not take that BTC-e loss. In the end, I concluded that it was simply a false trend signal from unique activity on that exchange (possibly due to alt activity). There are going to be false trend signals with EMA... yep, statistics show 70% of the time.
People a lot smarter then I have tried to come up with "solutions" to help mitigate these, but I have never seen one that appreciably reduces the EMA error rate.
This ain't magic, it is just a mathematical formula that statistically will keep you ahead of the curve in the long run.
Dreary market last couple of days for sure.
