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Board Services
Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
shapemaker
on 25/11/2013, 12:30:31 UTC

587$ to 650$ = 10% win

quite far from the "593.21%" the bot says due the way its calculating the profit (price rises)

Regardless of the strategy, the numbers are real. You started with $100, and ended with $655. The profit for that indeed is 555%. Now, that is "only" 10% better than buy and hold, but show me any other investment that will return 5x profits in 2 months.

For that matter, 10% profit in 2 months is by itself very good, for that translates to 60% profit a year which in stock or forex markets is amazingly high. And that is in addition to whatever profit there is in BTC price rise.