K started beta for the bot
Called it AutoCoinBot
, although now it is still not auto 100%, for the testing purposes I made a php script running on local server. I decided to go with a fixed amount of $ for each level - it is easier to track the profit and closing partial of order for profit when price rises.
here is an image of what I have so far
http://i.imgur.com/ywFAQnI.png
Red levels are the prices and amount I bought there (which means the order is still open - in reality I have that amount in my LTC balance)
Yellow levels are the so called pending orders, if the price will go there it will buy that amount for me
Blue level is where the price is now so I can check visual where it is
Now I am waiting for the price to either go up or down for at least $5 in order to see how all this works
Conclusions> There is a minimum amount for one trade(e.a. 0.1 LTC) and in future this has to be considered when using fee reduction algorithm(more details later). Since this is a long term strategy I do not expect to make a lot of money in the next week - but at least it will provide me the feel if I am in the right direction as backtests show. This strategy is somehow "bullet"-proof because in the end you will end everytime with either $ (more then you had) or coins. It is not like your balance will drop suddenly and you will not have anything
Called it AutoCoinBot
, although now it is still not auto 100%, for the testing purposes I made a php script running on local server. I decided to go with a fixed amount of $ for each level - it is easier to track the profit and closing partial of order for profit when price rises. here is an image of what I have so far
http://i.imgur.com/ywFAQnI.png
Red levels are the prices and amount I bought there (which means the order is still open - in reality I have that amount in my LTC balance)
Yellow levels are the so called pending orders, if the price will go there it will buy that amount for me
Blue level is where the price is now so I can check visual where it is
Now I am waiting for the price to either go up or down for at least $5 in order to see how all this works
Conclusions> There is a minimum amount for one trade(e.a. 0.1 LTC) and in future this has to be considered when using fee reduction algorithm(more details later). Since this is a long term strategy I do not expect to make a lot of money in the next week - but at least it will provide me the feel if I am in the right direction as backtests show. This strategy is somehow "bullet"-proof because in the end you will end everytime with either $ (more then you had) or coins. It is not like your balance will drop suddenly and you will not have anything