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Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
shapemaker
on 25/11/2013, 12:56:42 UTC
sorry but no matter what you say, if the bot sells high and buy even higher almost always, then the bot is dumb, its a fact, numbers don't lie.
the profit is misleading based on the marke price rise.

I will gladly take 10% profit over buy and hold over 2 months.

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This extra 10% was just a lucky configuration based on past results, we talk about the way bot operates. Market itself will mutiply by 5x, so you dont need to risk into loses using the bot if you just look at this way.

Market does what market does, even if it's crashing to 1/5 of the current size. You can't rely on BTC price increasing all the time. As soon as BTC price starts to tank, buy and hold won't look that hot anymore, no?

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let's see if with the proposed changes Pablo can backtest as soon as possisble and we can take a real profit using it when a drop takes place, as i can make better decisions manually.

That I agree with. There definitely are many possible places one could squeeze additional 1-2% profit in daily fluctuations that don't evolve into full trend reversals. As long as the bot can react quickly enough, that HFT aspect could well be worth the while.

However, there must be an option to set a limit to how much fiat/BTC is allowed to be risked in these HFT trades, separately from the current "reserve" setting. I'm pretty sure you wouldn't want the bot accidentally wiping the week's profits in one miscalculated HFT cycle.