hey guys,
i am trying out the demo version and had a question regarding the logic involved. I set it up with about half a bitcoin on btc-e on the 6th. Yesterday it a created a sell order at $911 but since then has not put in any type of buy order and I am trying to understand why.
My butter bot is configured as follows:
Trade Frequency 30mins
Short EMA: 20
Long EMA: 42
Tick offset: 2
Buy Threshold 1: 0%
Sell Threshold 1: 0%
Buy Threshold 2: 0.15%
Sell Threshold 2: 0.1%
No trailing stop loss
Is there anything I am doing wrong, I am really trying not to manually buy back in but I am concerned I am doing something or maybe its just the lack of understanding thats concerning me.
Try punching your EMA numbers into bitcoinwisdom.com so you can see the same EMA lines the bot sees, then you'll know when they're close to crossing & can predict when the bot will act.
The bot will wait to buy until the price has bottomed out, & starts to rise again, just like it does at the top of the curve just at the bottom in the opposite.