Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
Hey 
,
It's not a "buzzword", it is a long term strategy, it's also a trend strategy, not a High Frequency Trader (HFT). The fact that you don't like the word doesn't change that EMA will work best over the long term for the multitude of reasons described.
I frankly don't see your issue with time frames as we have provided them, they back test your periods to the day, so if you back test for 6 months today, it will back test 6 months to the day, if you back test 1 month from now, it will back test 1 month to the day so there really is no way to game this as we can't control what markets happen in those time frames.
Now I like your idea of including custom time frames, that's something we could definitely look at for the next version, I mean that, there really is no issue.
I agree that the strategy can be improved, we are working on a new engine, because all strategies can be improved; you are however ignoring several people who posted that are making and have made a profit with EMA; it's not fair to pick and choose what data you want to accept in your argument and what you will ignore.
I agree that the strategy does not guarantee profits for everyone at all times, if you find such a strategy (which doesn't exist), you will be posting from your LearJet; what I can tell you is that: EMA will tend to generate more profit than not OVER TIME. Goomboo has made this argument quite successfully over 50+ pages, so it's not like we invented.
I again encourage you to review Goomboo's thread, he is the absolute authority on this issue and I think there is a lot you could gain from reading it. I mean absolutely no offense, I think that if you took the time to read about the strategy, maybe peruse Goomboo's thread and post there as well you would gain some insight on something that other people are telling you has worked for them and something that has been discussed ad nauseum in one of the most respected trading threads on this forum (Goombo's thread).
EMA as Applied to Bitcoin (Goomboo): https://bitcointalk.org/index.php?topic=60501.0
Pablo.
,It's not a "buzzword", it is a long term strategy, it's also a trend strategy, not a High Frequency Trader (HFT). The fact that you don't like the word doesn't change that EMA will work best over the long term for the multitude of reasons described.
I frankly don't see your issue with time frames as we have provided them, they back test your periods to the day, so if you back test for 6 months today, it will back test 6 months to the day, if you back test 1 month from now, it will back test 1 month to the day so there really is no way to game this as we can't control what markets happen in those time frames.
Now I like your idea of including custom time frames, that's something we could definitely look at for the next version, I mean that, there really is no issue.
I agree that the strategy can be improved, we are working on a new engine, because all strategies can be improved; you are however ignoring several people who posted that are making and have made a profit with EMA; it's not fair to pick and choose what data you want to accept in your argument and what you will ignore.
I agree that the strategy does not guarantee profits for everyone at all times, if you find such a strategy (which doesn't exist), you will be posting from your LearJet; what I can tell you is that: EMA will tend to generate more profit than not OVER TIME. Goomboo has made this argument quite successfully over 50+ pages, so it's not like we invented.
I again encourage you to review Goomboo's thread, he is the absolute authority on this issue and I think there is a lot you could gain from reading it. I mean absolutely no offense, I think that if you took the time to read about the strategy, maybe peruse Goomboo's thread and post there as well you would gain some insight on something that other people are telling you has worked for them and something that has been discussed ad nauseum in one of the most respected trading threads on this forum (Goombo's thread).
EMA as Applied to Bitcoin (Goomboo): https://bitcointalk.org/index.php?topic=60501.0
Pablo.
Sometimes I feel I'm speaking Chinese
I know it's a long time strategy. But like I said, just try this. Try the bot for 3 or 4 different 6 months periods, they can even be overlapping in some part they just cant be exactly the same.
Now, the setting your find for the bot that will give profit in one, will not give profit in another, they will make you loose BTC in other time frames! Equally LONG time frames!
What you are doing all over this thread is cherry picking some settings that work for a very specific time frame. It's doesn't mater if it's a long or short time frame, you are cherry picking in every example you give.
I read Goombo's before I came to this one a long time ago before I was even a member of this forum. And the thread is also clear if you look at the numbers. You are loosing BTC by using the EMA crossing strategy, but yes, you are only making money because the market is bullish
Same goes for the analysis of EMA strategies you can find about other markets. They give you profit in fiat, only! What they manage is to avoid major losses. So, those people invest in lot's of different products, and since the overall tendency of the market overal several equities is to go up... they cut the losses with EMA and make profit from the ones that actually go up.
This is what's happening with this bot.