Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
Hi Guys! Anyone keen to share their BBot setting for these flaccid times? From a very brief testing with the last week data it look like lengthening the trade frequency period minimises the loss. I understand that it's useless to judge EMA trading efficiency through so short periods but I was wondering if any of you experiment with these... who knows how long this trendlessness may last...
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The defaults are pretty good (2hrs)... seem to be keeping the trading to a minimum while we wait for movement. Gunna bleed a little when it is this flat, that is just how it is.
Interspersed with this flatness I have been watching a lot of manipulation that is likely meant to get bots to jump. For those interested, this article makes some good observations:
http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-seems-to-be-caused-by-usually-illegal-price-fixing/
I am quite pleased at how resistant to this type of manipulation & "fooling" EMA & Butter are. Butter actually made me a little money off the tampering mentioned in the article, because he did not jump when the sharks wanted, just took what was available off the shallow trend they created. The 2hr sample settings really helped with this... thanks guys!
