Re: Butter Bot!: New Bitstamp, BTC-E, and MtGox EMA Trading Platform
Currently using following settings on MtGox:
Short EMA: 10
Long EMA: 21
Frequency: 30 minutes
Buy Thresholds: 0/0.25
Sell Thresholds: 0/0.25
Tick Offset: Anything
I always seem to make a small loss here... any idea what I might be doing wrong?
Short EMA: 10
Long EMA: 21
Frequency: 30 minutes
Buy Thresholds: 0/0.25
Sell Thresholds: 0/0.25
Tick Offset: Anything
I always seem to make a small loss here... any idea what I might be doing wrong?
Hi Tnkflx
.As previously discussed on the thread, EMA will actually make about 70% small loss trades and 30% profit trades (which should cover any losses plus a healthy profit over the long term). So this is expected behavior, please keep in mind that we are talking of this as expected behavior over the long term, whatever you see in the very short term is likely the result of mraket randomness; you need to look at long term results to identify trends.
Please let me know if you need anything at all
.Pablo.