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Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
Casimir1904
on 24/11/2013, 02:47:07 UTC
Lost 10%+ of my funds in one day. uninstall thanks for the $500 loss.

Using recommended settings.

Butterbot buy btc at price x. btc prices drops $180, Butterbot sells at $150+ loss per BTC. Butterbot buys back at high price just below my initial purchase price. 10%+ loss. Better just leaving your BTC as BTC.

Closer to 20% loss.



Their was no need to test the "recommed" settings read my postings in this thread where i pointed that out already that btc-usd trading with ema is a slow sell off of bitcoins and as bitcoins keep increasing it shows usd profit but only because btc price get higher not from good trades.

But seems the developer isn't reading frequently here.

You keep trying to convince people of this, but it is actually not true.  Whereas any trading involves a mix of loss and gain, if I were farther ahead in the buy-n-hold portion of my investment, I would not be trading.  In fact, the opposite is true, so I continue to maintain 2/3 of my investment in the trade accounts.

Smiley

i posted also settings where btc volume was growing and so also usd profit was much higher as most will reach with their settings, don't know if you read that also?

My goal is just to improve the botting in general, but most don't understand it, for some its also ok to just make more usd and lower their btc volume for them who see bitcoin as risky and don't want to held larger amounts in bitcoins this might be a good strategy but even them would make more with the settings i posted.
And when you adjust your settings to the actual trend you can even make more, but also their the goal should be to automate this in bots and that should be possible...

So instead of saying not true or you don't agree you should run the test your self.. run it with your settings over the past 2y and with my settings from here:
https://bitcointalk.org/index.php?topic=197175.msg3673780#msg3673780

it was with 2 min time offset with 0 min it's even more, and when you adjust your settings in such periods like we had from april to october 2013 you would even make more...

Still its to simple to say true or not true, i'm pretty sure that ema would perform better in this case with usd-btc chart.
If btc was on a longer downtrend btc-usd would perfom better again.

Could be automated with more settings like watching market for days and see if over x days their is a down or uptrend and then automaticly adjust the setting.

I think all users posting here have the same goal = making profit, some only count usd profit others count only btc profit...