Post
Topic
Board Services
Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
by
manort
on 25/11/2013, 14:46:09 UTC
Hi folks,

Interesting product. I have been trying it out for the last few days and I'm afraid that I can't say I'm impressed, either by the performance of the bot or some of the arguments on the board.

I would give this a second look if:
-I could configure the profit window to show BTC profit/loss.
-I could filter out the rise of bitcoin as a measure of the bot's success. I want to see how successful this thing is over-and-above a buy-and-hold strategy.
-recommended and configurable settings for high and low volatility markets. It would be great if the bot could self-detect the change in market conditions and adapt.

A bot that loses me BTC while increasing my dollar holdings is only selling off BTC and calling it profit. I could do that without a bot.

Pablo, you have been very active on the boards and I appreciate that. I would be very willing to pay for a bot like this if I could see that it works with a reasonably high likelihood of success in increasing both my BTC and dollar holdings. In that case, I would pay because the thing would be paying for itself.

There may be some arcane set of settings that will achieve this, but to be honest, one reason to have a bot is that it can do it for me. If I have to work that hard, it's probably better that I just go back to staring at the charts.

I'll probably keep playing with this for another few days and then I am planning to post a review on my website. Please contact me if you have any relevant information.

Cheers,

BTCWarrior