Post
Topic
Board Trading Discussion
Re: Anyone use btcrobot.com?
by
eurobitcoin
on 20/02/2014, 10:04:58 UTC
Quote
I tried for days trying to figure out what kind of trading strategy they were utilizing in it's decision making. It seems completely random, RSI, MAC, MACD, Stochastic oscillator, etc. I couldn't figure out what they were using.

It's simply not true. Random? come on, man...


Regarding the lack of trades last weeks,

If you follow Bitcoin niche you might now about the dramatic news from Mtgox and other exchangers driving the price down. On such bearish trend it does not make sense buying bitcoins, the robot simply sits on USD and waits for favorable signals to buy bitcoins. It's goal is to protect the capital (USD value of portfolio) not to trade for the sake of trading.


P.s.
We also have a new Litecoin robot here http://ltcbot.com/earlybird.php