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Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
jbssm
on 24/11/2013, 21:45:57 UTC
I get that some people prefer to accumulate BTC over USD.  That said, I don't understand why those people keep harping in this thread.  Some of us prefer to make USD.  We're happy.
That's not the issue. The issue is that many people don't understand that when they start using this bot, because the backtesting is made in a way that it makes you think this bot is fantastic and gives you huge profits by only showing the USD amounts.

You are actually accumulating much more USD over BTC if you just don't use the bot. In the even of a market downward trend, guess what, this bot would not only not make any profit, but it would take your money away even faster.

People fiddling with the numbers to get real profit in BTC-e, just understand that just works exactly in BTC-e and in the past, because it's a recent trader which had low volume when you check the 1 year backtesting. Don't you really wonder why you can't do the same in MTGox of Bitstamp? And don't you really wonder why is that that the setting that give up profit in a 1 year frame, give you losses in a 30 or 90 days one?