"So...set a well benchmarked set of indicators including an MACD-MA Short 11 Long 24 for NMC/BTC. Update timer at 600s. Ticked Reset Last Buy and Sell.
Last sell price 0.00 Last Buy Price 0.00
Had sold some BTC to buy NMC/USD and PPC/USD expecting a strong upward trend (I was right on both counts).
Activated Bot and it sold NMC at 0.00801 at Interval 3 with two (of two) indicators on Yellow. Was unable to buy back in quick enough as immediately afterwards, NMC/BTC went to 0.0085 then 0.00886. Kinda bad luck combined with mental bot logic (or 'features' as some on here call them).
Missed out on a 10% profit. Baaaa!
I take it the bot should not trade until the indicators have collected sufficient data according to their settings?
Stephan: Can you reproduce/fix this?
K
"
-Was unable to buy back in quick enough-
Hi,
You have it set on 600 seconds so the bot will wait at least 600 seconds before the next action, I think. I think Stephan has said many times, the bot is not faster than manual trading, the main advantage is that the bot does not have any emotions. If you want quick trades put it on 20 seconds, imo.
Thanks for your contribution, but not sure you have fully understood the issue I (and one other) are reporting. I've been studying the bot for a few months, so not unfamiliar with its function. The bot SHOULD NOT have sold whilst one of the indicators (let alone both) were not sending a BUY/SELL signal. However, it did. If this is indeed a bug...somebody might suffer a great loss if large amounts are committed to trading. Luckily...I am a relatively 'poor' trader, so damage was quantitatively limited, though not really as a proportion of my total coin. Life goes on however.
If my word is not sufficient, then I can show this with screen capture as soon as I find time to host the image. An issue tracker would be helpful for a piece of development software like STB.
I couldn't buy back in manually around the same price (using BTC-E web ui) because the price jumped immediately after the bot sold (which is why I set the bot up to begin trading there) and didn't return which was a particularly annoying effect of the issue I am reporting (supported by one other user)...but not directly related to the bot. I had to adapt a well thought out strategy to limit my losses...the outcome of which was not losing 10% of my investment with a panic buy...but by sacrificing the profit I would have made.
Stephan doesn't recommend the 20s Update Timer and has removed it in the coming release, so it would not be wise to recommend its use to other traders. Longer intervals work better as has been reported. The 600s interval I used was benchmarked over several days on PPC and worked well without issues. It is however experimental, but has not simulated unprofitable results.
Yes the bot doesn't have any emotions and neither does it know when its coding has errors. Only the developer can investigate this.
Cheers.
K